ZPDE.DE vs. SPYN.DE
ZPDE.DE (SPDR S&P US Energy Select Sector UCITS ETF) and SPYN.DE (SPDR MSCI Europe Energy UCITS ETF) are both Energy Equities funds from State Street - ZPDE.DE tracks the S&P Energy Select Sector while SPYN.DE tracks the MSCI Europe Energy 20/35 Capped. Both are passively managed. Over the past 10 years, ZPDE.DE returned 9.33%/yr vs 11.20%/yr for SPYN.DE. A 0.79 correlation means they provide meaningful diversification when combined. ZPDE.DE charges 0.15%/yr vs 0.18%/yr for SPYN.DE.
Performance
ZPDE.DE vs. SPYN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDE.DE achieves a 32.72% return, which is significantly lower than SPYN.DE's 35.04% return. Over the past 10 years, ZPDE.DE has underperformed SPYN.DE with an annualized return of 9.33%, while SPYN.DE has yielded a comparatively higher 11.20% annualized return.
ZPDE.DE
- 1D
- -0.53%
- 1M
- -0.30%
- YTD
- 32.72%
- 6M
- 29.61%
- 1Y
- 43.77%
- 3Y*
- 14.16%
- 5Y*
- 21.32%
- 10Y*
- 9.33%
SPYN.DE
- 1D
- -0.92%
- 1M
- -2.45%
- YTD
- 35.04%
- 6M
- 30.84%
- 1Y
- 54.32%
- 3Y*
- 17.57%
- 5Y*
- 19.95%
- 10Y*
- 11.20%
ZPDE.DE vs. SPYN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPDE.DE SPDR S&P US Energy Select Sector UCITS ETF | 32.72% | -2.67% | 9.39% | -2.97% | 71.20% | 66.70% | -38.96% | 13.17% | -14.79% | -13.20% |
SPYN.DE SPDR MSCI Europe Energy UCITS ETF | 35.04% | 14.83% | -5.83% | 8.31% | 37.38% | 35.64% | -31.15% | 10.33% | -0.63% | 5.40% |
Correlation
The correlation between ZPDE.DE and SPYN.DE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015 | 0.79 |
The correlation between ZPDE.DE and SPYN.DE has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
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Return for Risk
ZPDE.DE vs. SPYN.DE — Risk / Return Rank
ZPDE.DE
SPYN.DE
ZPDE.DE vs. SPYN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Energy Select Sector UCITS ETF (ZPDE.DE) and SPDR MSCI Europe Energy UCITS ETF (SPYN.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ZPDE.DE | SPYN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 4.55 | -2.01 |
| Martin ratioReturn relative to average drawdown | 8.09 | 14.57 | -6.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZPDE.DE | SPYN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.44 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.83 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.43 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.30 | -0.04 |
Drawdowns
ZPDE.DE vs. SPYN.DE - Drawdown Comparison
The maximum ZPDE.DE drawdown since its inception was -65.58%, which is greater than SPYN.DE's maximum drawdown of -58.67%. Use the drawdown chart below to compare losses from any high point for ZPDE.DE and SPYN.DE.
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Drawdown Indicators
| ZPDE.DE | SPYN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -58.67% | -6.91% |
Max Drawdown (1Y)Largest decline over 1 year | -17.16% | -11.89% | -5.27% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -26.54% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | -26.54% | -0.43% |
Max Drawdown (10Y)Largest decline over 10 years | -65.58% | -58.67% | -6.91% |
Current DrawdownCurrent decline from peak | -8.87% | -6.51% | -2.36% |
Average DrawdownAverage peak-to-trough decline | -17.28% | -11.42% | -5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 3.72% | +1.68% |
Volatility
ZPDE.DE vs. SPYN.DE - Volatility Comparison
SPDR S&P US Energy Select Sector UCITS ETF (ZPDE.DE) has a higher volatility of 7.53% compared to SPDR MSCI Europe Energy UCITS ETF (SPYN.DE) at 7.11%. This indicates that ZPDE.DE's price experiences larger fluctuations and is considered to be riskier than SPYN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDE.DE | SPYN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 7.11% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 19.17% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 22.25% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.90% | 23.69% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 26.06% | +2.83% |
ZPDE.DE vs. SPYN.DE - Expense Ratio Comparison
ZPDE.DE has a 0.15% expense ratio, which is lower than SPYN.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ZPDE.DE vs. SPYN.DE - Dividend Comparison
Neither ZPDE.DE nor SPYN.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDE.DE and SPYN.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDE.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for SPYN.DE.
ZPDE.DE tracks S&P Energy Select Sector, while SPYN.DE tracks MSCI Europe Energy 20/35 Capped. Their fees differ too: 0.15% for ZPDE.DE and 0.18% for SPYN.DE.
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