ZPDH.DE vs. ^GSPC
ZPDH.DE (SPDR S&P US Health Care Select Sector UCITS ETF) is Health & Biotech Equities fund tracking the S&P Health Care Select Sector, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, ZPDH.DE returned 9.77%/yr vs 13.56%/yr for ^GSPC. At a 0.41 correlation, their price movements are largely independent.
Performance
ZPDH.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
ZPDH.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPDH.DE achieves a 4.39% return, which is significantly lower than ^GSPC's 11.08% return. Over the past 10 years, ZPDH.DE has underperformed ^GSPC with an annualized return of 9.77%, while ^GSPC has yielded a comparatively higher 13.56% annualized return.
ZPDH.DE
- 1D
- 1.71%
- 1M
- 7.60%
- YTD
- 4.39%
- 6M
- 5.01%
- 1Y
- 21.27%
- 3Y*
- 6.03%
- 5Y*
- 6.92%
- 10Y*
- 9.77%
^GSPC
- 1D
- -0.08%
- 1M
- 0.13%
- YTD
- 11.08%
- 6M
- 9.99%
- 1Y
- 23.85%
- 3Y*
- 17.70%
- 5Y*
- 12.53%
- 10Y*
- 13.56%
ZPDH.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPDH.DE SPDR S&P US Health Care Select Sector UCITS ETF | 4.39% | 1.74% | 8.46% | -1.75% | 3.34% | 37.75% | 1.69% | 24.34% | 9.10% | 6.95% |
^GSPC S&P 500 Index | 11.08% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between ZPDH.DE and ^GSPC is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.41 |
Over the past year, the correlation between ZPDH.DE and ^GSPC has dropped to 0.19 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
ZPDH.DE vs. ^GSPC — Risk / Return Rank
ZPDH.DE
^GSPC
ZPDH.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.DE) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZPDH.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 3.17 | -1.20 |
| Martin ratioReturn relative to average drawdown | 4.84 | 11.71 | -6.87 |
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Drawdowns
ZPDH.DE vs. ^GSPC - Drawdown Comparison
The maximum ZPDH.DE drawdown since its inception was -26.63%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for ZPDH.DE and ^GSPC.
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Drawdown Indicators
| ZPDH.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.63% | -51.62% | +24.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -7.57% | -3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | -23.99% | +1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -22.66% | -23.99% | +1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -26.63% | -33.42% | +6.79% |
Current DrawdownCurrent decline from peak | -2.11% | -1.08% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -9.08% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 2.04% | +2.35% |
Volatility
ZPDH.DE vs. ^GSPC - Volatility Comparison
SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.DE) has a higher volatility of 5.34% compared to S&P 500 Index (^GSPC) at 3.97%. This indicates that ZPDH.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDH.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 3.97% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 9.16% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.05% | 12.60% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 16.86% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 18.61% | -1.94% |
Frequently Asked Questions
ZPDH.DE and ^GSPC have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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