ZPDH.DE vs. PPH
ZPDH.DE (SPDR S&P US Health Care Select Sector UCITS ETF) and PPH (VanEck Vectors Pharmaceutical ETF) are both Health & Biotech Equities funds - ZPDH.DE tracks the S&P Health Care Select Sector while PPH tracks the MVIS US Listed Pharmaceutical 25 Index. Both are passively managed. Over the past 10 years, ZPDH.DE returned 8.92%/yr vs 7.54%/yr for PPH. A 0.58 correlation means they provide meaningful diversification when combined. ZPDH.DE charges 0.15%/yr vs 0.36%/yr for PPH.
Performance
ZPDH.DE vs. PPH - Performance Comparison
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Different Trading Currencies
ZPDH.DE is traded in EUR, while PPH is traded in USD. To make them comparable, the PPH 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 PPH's 3.80% return. Over the past 10 years, ZPDH.DE has outperformed PPH with an annualized return of 8.92%, while PPH has yielded a comparatively lower 7.54% 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%
PPH
- 1D
- 3.27%
- 1M
- 3.04%
- YTD
- 3.80%
- 6M
- 6.64%
- 1Y
- 19.39%
- 3Y*
- 10.18%
- 5Y*
- 10.98%
- 10Y*
- 7.54%
ZPDH.DE vs. PPH - 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 | -1.12% | 1.73% | 8.46% | -1.73% | 3.31% | 37.77% | 1.69% | 24.37% | 9.07% | 6.98% |
PPH VanEck Vectors Pharmaceutical ETF | 3.80% | 7.52% | 15.18% | 3.74% | 9.00% | 26.61% | -3.21% | 22.09% | -1.47% | 1.07% |
Correlation
The correlation between ZPDH.DE and PPH is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015 | 0.58 |
The correlation between ZPDH.DE and PPH shifts across timeframes, from 0.55 (5 years) to 0.71 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPDH.DE vs. PPH — Risk / Return Rank
ZPDH.DE
PPH
ZPDH.DE vs. PPH - 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 VanEck Vectors Pharmaceutical ETF (PPH). 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 | PPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.94 | -0.74 |
| Martin ratioReturn relative to average drawdown | 2.95 | 4.48 | -1.53 |
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 | PPH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.14 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.73 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.43 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.52 | -0.06 |
Drawdowns
ZPDH.DE vs. PPH - Drawdown Comparison
The maximum ZPDH.DE drawdown since its inception was -26.61%, smaller than the maximum PPH drawdown of -31.54%. Use the drawdown chart below to compare losses from any high point for ZPDH.DE and PPH.
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Drawdown Indicators
| ZPDH.DE | PPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.61% | -31.54% | +4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -10.02% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -22.64% | -20.54% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -20.54% | -2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -26.61% | -28.74% | +2.13% |
Current DrawdownCurrent decline from peak | -7.28% | -3.51% | -3.77% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -9.92% | +4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 4.33% | +0.08% |
Volatility
ZPDH.DE vs. PPH - Volatility Comparison
The current volatility for SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.DE) is 5.13%, while VanEck Vectors Pharmaceutical ETF (PPH) has a volatility of 6.05%. This indicates that ZPDH.DE experiences smaller price fluctuations and is considered to be less risky than PPH 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 | PPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 6.05% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 11.95% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.63% | 17.07% | -2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 15.19% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 17.45% | -1.68% |
ZPDH.DE vs. PPH - Expense Ratio Comparison
ZPDH.DE has a 0.15% expense ratio, which is lower than PPH's 0.36% expense ratio.
Dividends
ZPDH.DE vs. PPH - Dividend Comparison
ZPDH.DE has not paid dividends to shareholders, while PPH's dividend yield for the trailing twelve months is around 2.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPH VanEck Vectors Pharmaceutical ETF | 2.05% | 1.78% | 1.98% | 2.09% | 1.55% | 1.62% | 1.66% | 1.77% | 1.97% | 1.92% | 2.43% | 1.93% |
ZPDH.DE SPDR S&P US Health Care Select Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPDH.DE and PPH have a correlation of 0.71, 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 0.36% for PPH.
ZPDH.DE tracks S&P Health Care Select Sector, while PPH tracks MVIS US Listed Pharmaceutical 25 Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.15% for ZPDH.DE and 0.36% for PPH.
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