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ZPDH.DE vs. ^GSPC
Performance
Return for Risk
Drawdowns
Volatility

ZPDH.DE vs. ^GSPC

Last updated Jun 5, 2026

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 8.92%/yr vs 13.40%/yr for ^GSPC. At a 0.42 correlation, their price movements are largely independent.

Performance

ZPDH.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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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 -1.12% return, which is significantly lower than ^GSPC's 12.06% return. Over the past 10 years, ZPDH.DE has underperformed ^GSPC with an annualized return of 8.92%, while ^GSPC has yielded a comparatively higher 13.40% annualized return.

ZPDH.DE

1D
2.83%
1M
5.48%
YTD
-1.12%
6M
-0.21%
1Y
13.04%
3Y*
3.67%
5Y*
6.73%
10Y*
8.92%

^GSPC

1D
0.27%
1M
5.17%
YTD
12.06%
6M
10.90%
1Y
24.89%
3Y*
17.85%
5Y*
13.43%
10Y*
13.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZPDH.DE vs. ^GSPC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZPDH.DE
SPDR S&P US Health Care Select Sector UCITS ETF		-1.12%1.73%8.46%-1.73%3.31%37.77%1.69%24.37%9.07%6.98%
^GSPC
S&P 500 Index		12.06%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 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (10Y)
Calculated over the trailing 10-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Jul 9, 2015

0.42

The correlation between ZPDH.DE and ^GSPC shifts across timeframes, from 0.24 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

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SPDR S&P US Health Care Select Sector UCITS ETF

S&P 500 Index

Often compared with ZPDH.DE:
ZPDH.DE vs. LHTC.DEZPDH.DE vs. WHEA.ASZPDH.DE vs. XUHC.DEZPDH.DE vs. QDVG.DEZPDH.DE vs. XDWH.DEZPDH.DE vs. HWWA.LZPDH.DE vs. VJPU.L
Often compared with ^GSPC:
^GSPC vs. ^IBEX^GSPC vs. AVGO^GSPC vs. SCHD^GSPC vs. GC=F^GSPC vs. TSMU^GSPC vs. QQQ^GSPC vs. ACWI

Return for Risk

ZPDH.DE vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZPDH.DE
ZPDH.DE Risk / Return Rank: 2525
Overall Rank
ZPDH.DE Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
ZPDH.DE Sortino Ratio Rank: 2727
Sortino Ratio Rank
ZPDH.DE Omega Ratio Rank: 2424
Omega Ratio Rank
ZPDH.DE Calmar Ratio Rank: 2626
Calmar Ratio Rank
ZPDH.DE Martin Ratio Rank: 2424
Martin Ratio Rank
^GSPC
^GSPC Risk / Return Rank: 8080
Overall Rank
^GSPC Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
^GSPC Sortino Ratio Rank: 7979
Sortino Ratio Rank
^GSPC Omega Ratio Rank: 7979
Omega Ratio Rank
^GSPC Calmar Ratio Rank: 7676
Calmar Ratio Rank
^GSPC Martin Ratio Rank: 8686
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

ZPDH.DE^GSPCDifference
Sharpe ratioReturn per unit of total volatility
0.89
2.04

-1.15

Sortino ratioReturn per unit of downside risk
1.41
2.65

-1.24

Omega ratioGain probability vs. loss probability

1.16

1.37

-0.22

Calmar ratioReturn relative to maximum drawdown

1.21

3.30

-2.10

Martin ratioReturn relative to average drawdown

2.95

12.34

-9.39

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZPDH.DE vs. ^GSPC - Sharpe Ratio Comparison

The current ZPDH.DE Sharpe Ratio is 0.89, which is lower than the ^GSPC Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of ZPDH.DE and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ZPDH.DE^GSPCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.89

2.04

-1.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.46

0.80

-0.34

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

0.72

-0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.51

-0.05

Drawdowns

ZPDH.DE vs. ^GSPC - Drawdown Comparison

The maximum ZPDH.DE drawdown since its inception was -26.61%, 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^GSPCDifference

Max Drawdown

Largest peak-to-trough decline

-26.61%

-51.62%

+25.01%

Max Drawdown (1Y)

Largest decline over 1 year

-10.77%

-7.57%

-3.20%

Max Drawdown (3Y)

Largest decline over 3 years

-22.64%

-23.99%

+1.35%

Max Drawdown (5Y)

Largest decline over 5 years

-22.64%

-23.99%

+1.35%

Max Drawdown (10Y)

Largest decline over 10 years

-26.61%

-33.42%

+6.81%

Current Drawdown

Current decline from peak

-7.28%

-0.20%

-7.08%

Average Drawdown

Average peak-to-trough decline

-5.80%

-9.08%

+3.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.41%

2.02%

+2.39%

Volatility

ZPDH.DE vs. ^GSPC - Volatility Comparison

SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.DE) has a higher volatility of 5.13% compared to S&P 500 Index (^GSPC) at 2.24%. 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^GSPCDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.13%

2.24%

+2.89%

Volatility (6M)

Calculated over the trailing 6-month period

10.16%

8.62%

+1.54%

Volatility (1Y)

Calculated over the trailing 1-year period

14.63%

12.29%

+2.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.47%

16.79%

-2.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.77%

18.59%

-2.82%

Frequently Asked Questions

ZPDH.DE and ^GSPC have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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