ZPDH.DE vs. SPPY.DE
ZPDH.DE (SPDR S&P US Health Care Select Sector UCITS ETF) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - ZPDH.DE is a Health & Biotech Equities fund tracking the S&P Health Care Select Sector, while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, ZPDH.DE returned 6.73%/yr vs 15.63%/yr for SPPY.DE. A 0.61 correlation means they provide meaningful diversification when combined. ZPDH.DE charges 0.15%/yr vs 0.10%/yr for SPPY.DE.
Performance
ZPDH.DE vs. SPPY.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 SPPY.DE's 11.08% 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%
SPPY.DE
- 1D
- 0.58%
- 1M
- 5.11%
- YTD
- 11.08%
- 6M
- 11.71%
- 1Y
- 28.37%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
ZPDH.DE vs. SPPY.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% | 3.94% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -14.47% | 41.09% | 8.04% | 4.57% |
Correlation
The correlation between ZPDH.DE and SPPY.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.61 |
Over the past year, the correlation between ZPDH.DE and SPPY.DE has dropped to 0.28 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
ZPDH.DE vs. SPPY.DE — Risk / Return Rank
ZPDH.DE
SPPY.DE
ZPDH.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.44 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 4.21 | -3.01 |
| Martin ratioReturn relative to average drawdown | 2.95 | 16.03 | -13.08 |
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 | SPPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 2.43 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 1.00 | -0.54 |
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 | 0.92 | -0.46 |
Drawdowns
ZPDH.DE vs. SPPY.DE - Drawdown Comparison
The maximum ZPDH.DE drawdown since its inception was -26.61%, smaller than the maximum SPPY.DE drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for ZPDH.DE and SPPY.DE.
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Drawdown Indicators
| ZPDH.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.61% | -33.31% | +6.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -6.71% | -4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -22.64% | -23.82% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | -23.82% | +1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -26.61% | — | — |
Current DrawdownCurrent decline from peak | -7.28% | 0.00% | -7.28% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -4.84% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 1.77% | +2.64% |
Volatility
ZPDH.DE vs. SPPY.DE - Volatility Comparison
SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.DE) has a higher volatility of 5.13% compared to State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 2.69%. This indicates that ZPDH.DE's price experiences larger fluctuations and is considered to be riskier than SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 2.69% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 7.79% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.63% | 11.62% | +3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 15.43% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 17.57% | -1.80% |
ZPDH.DE vs. SPPY.DE - Expense Ratio Comparison
ZPDH.DE has a 0.15% expense ratio, which is higher than SPPY.DE's 0.10% expense ratio. However, 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. SPPY.DE - Dividend Comparison
Neither ZPDH.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDH.DE and SPPY.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for ZPDH.DE.
ZPDH.DE is categorized as Health & Biotech Equities, while SPPY.DE is S&P 500. ZPDH.DE tracks S&P Health Care Select Sector, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.15% for ZPDH.DE and 0.10% for SPPY.DE.
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