ZPDH.DE vs. NBTK.DE
ZPDH.DE (SPDR S&P US Health Care Select Sector UCITS ETF) and NBTK.DE (Invesco Nasdaq Biotech UCITS ETF) are both Health & Biotech Equities funds - ZPDH.DE tracks the S&P Health Care Select Sector while NBTK.DE tracks the Nasdaq Biotechnology. Both are passively managed. Over the past 5 years, ZPDH.DE returned 6.73%/yr vs 5.63%/yr for NBTK.DE. A 0.65 correlation means they provide meaningful diversification when combined. ZPDH.DE charges 0.15%/yr vs 0.40%/yr for NBTK.DE.
Performance
ZPDH.DE vs. NBTK.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 lower than NBTK.DE's 4.27% 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%
NBTK.DE
- 1D
- 2.92%
- 1M
- 1.60%
- YTD
- 4.27%
- 6M
- 3.10%
- 1Y
- 38.65%
- 3Y*
- 9.94%
- 5Y*
- 5.63%
- 10Y*
- —
ZPDH.DE vs. NBTK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 12.19% |
NBTK.DE Invesco Nasdaq Biotech UCITS ETF | 4.27% | 18.60% | 4.57% | 2.51% | -6.11% | 7.46% | 14.59% | 17.24% |
Correlation
The correlation between ZPDH.DE and NBTK.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2019 | 0.65 |
The correlation between ZPDH.DE and NBTK.DE has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
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Return for Risk
ZPDH.DE vs. NBTK.DE — Risk / Return Rank
ZPDH.DE
NBTK.DE
ZPDH.DE vs. NBTK.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 Invesco Nasdaq Biotech UCITS ETF (NBTK.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 | NBTK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.34 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 6.16 | -4.96 |
| Martin ratioReturn relative to average drawdown | 2.95 | 17.06 | -14.11 |
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 | NBTK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 2.03 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.27 | +0.19 |
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 | 0.42 | +0.04 |
Drawdowns
ZPDH.DE vs. NBTK.DE - Drawdown Comparison
The maximum ZPDH.DE drawdown since its inception was -26.61%, smaller than the maximum NBTK.DE drawdown of -30.99%. Use the drawdown chart below to compare losses from any high point for ZPDH.DE and NBTK.DE.
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Drawdown Indicators
| ZPDH.DE | NBTK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.61% | -30.99% | +4.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -6.24% | -4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -22.64% | -29.35% | +6.71% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -30.99% | +8.35% |
Max Drawdown (10Y)Largest decline over 10 years | -26.61% | — | — |
Current DrawdownCurrent decline from peak | -7.28% | -1.44% | -5.84% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -10.62% | +4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 2.26% | +2.15% |
Volatility
ZPDH.DE vs. NBTK.DE - Volatility Comparison
The current volatility for SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.DE) is 5.13%, while Invesco Nasdaq Biotech UCITS ETF (NBTK.DE) has a volatility of 6.41%. This indicates that ZPDH.DE experiences smaller price fluctuations and is considered to be less risky than NBTK.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 | NBTK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 6.41% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 14.11% | -3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.63% | 19.00% | -4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 20.30% | -5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 22.05% | -6.28% |
ZPDH.DE vs. NBTK.DE - Expense Ratio Comparison
ZPDH.DE has a 0.15% expense ratio, which is lower than NBTK.DE's 0.40% expense ratio.
Dividends
ZPDH.DE vs. NBTK.DE - Dividend Comparison
Neither ZPDH.DE nor NBTK.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDH.DE and NBTK.DE have a correlation of 0.66, 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 0.40% for NBTK.DE.
ZPDH.DE tracks S&P Health Care Select Sector, while NBTK.DE tracks Nasdaq Biotechnology. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.15% for ZPDH.DE and 0.40% for NBTK.DE.
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