ZPDH.DE vs. ESIH.DE
ZPDH.DE (SPDR S&P US Health Care Select Sector UCITS ETF) and ESIH.DE (iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc)) are both Health & Biotech Equities funds - ZPDH.DE tracks the S&P Health Care Select Sector while ESIH.DE tracks the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, ZPDH.DE returned 6.73%/yr vs 5.74%/yr for ESIH.DE. A 0.57 correlation means they provide meaningful diversification when combined. ZPDH.DE charges 0.15%/yr vs 0.18%/yr for ESIH.DE.
Performance
ZPDH.DE vs. ESIH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDH.DE achieves a -1.12% return, which is significantly higher than ESIH.DE's -2.35% 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%
ESIH.DE
- 1D
- 3.10%
- 1M
- 1.39%
- YTD
- -2.35%
- 6M
- -0.84%
- 1Y
- 6.04%
- 3Y*
- 2.72%
- 5Y*
- 5.74%
- 10Y*
- —
ZPDH.DE vs. ESIH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPDH.DE SPDR S&P US Health Care Select Sector UCITS ETF | -1.12% | 1.73% | 8.46% | -1.73% | 3.31% | 37.77% | -0.11% |
ESIH.DE iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) | -2.35% | 7.95% | 4.09% | 7.63% | -4.59% | 25.93% | -0.69% |
Correlation
The correlation between ZPDH.DE and ESIH.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.57 |
The correlation between ZPDH.DE and ESIH.DE has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.
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Return for Risk
ZPDH.DE vs. ESIH.DE — Risk / Return Rank
ZPDH.DE
ESIH.DE
ZPDH.DE vs. ESIH.DE - 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 iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) (ESIH.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.
| ZPDH.DE | ESIH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.07 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.47 | +0.74 |
| Martin ratioReturn relative to average drawdown | 2.95 | 1.05 | +1.90 |
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
| ZPDH.DE | ESIH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.35 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.36 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.41 | +0.05 |
Drawdowns
ZPDH.DE vs. ESIH.DE - Drawdown Comparison
The maximum ZPDH.DE drawdown since its inception was -26.61%, roughly equal to the maximum ESIH.DE drawdown of -26.69%. Use the drawdown chart below to compare losses from any high point for ZPDH.DE and ESIH.DE.
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Drawdown Indicators
| ZPDH.DE | ESIH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.61% | -26.69% | +0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -12.82% | +2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -22.64% | -26.69% | +4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -26.69% | +4.05% |
Max Drawdown (10Y)Largest decline over 10 years | -26.61% | — | — |
Current DrawdownCurrent decline from peak | -7.28% | -10.96% | +3.68% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -7.24% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 5.75% | -1.34% |
Volatility
ZPDH.DE vs. ESIH.DE - Volatility Comparison
The current volatility for SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.DE) is 5.13%, while iShares MSCI Europe Health Care Sector UCITS ETF EUR (Acc) (ESIH.DE) has a volatility of 5.87%. This indicates that ZPDH.DE experiences smaller price fluctuations and is considered to be less risky than ESIH.DE 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 | ESIH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 5.87% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 11.96% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.63% | 17.18% | -2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 15.86% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 15.61% | +0.16% |
ZPDH.DE vs. ESIH.DE - Expense Ratio Comparison
ZPDH.DE has a 0.15% expense ratio, which is lower than ESIH.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
ZPDH.DE vs. ESIH.DE - Dividend Comparison
Neither ZPDH.DE nor ESIH.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDH.DE and ESIH.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDH.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDH.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for ESIH.DE.
ZPDH.DE tracks S&P Health Care Select Sector, while ESIH.DE tracks MSCI World/Health Care NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for ZPDH.DE and 0.18% for ESIH.DE.
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