ZPDH.DE vs. WH2E.DE
ZPDH.DE (SPDR S&P US Health Care Select Sector UCITS ETF) and WH2E.DE (Invesco S&P World Health Care ESG UCITS ETF Acc) are both Health & Biotech Equities funds - ZPDH.DE tracks the S&P Health Care Select Sector while WH2E.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care. Both are passively managed. Over the past 3 years, ZPDH.DE returned 6.03%/yr vs 5.05%/yr for WH2E.DE. Their correlation of 0.92 suggests significant overlap in exposure. ZPDH.DE charges 0.15%/yr vs 0.18%/yr for WH2E.DE.
Performance
ZPDH.DE vs. WH2E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDH.DE achieves a 4.39% return, which is significantly higher than WH2E.DE's -0.57% return.
ZPDH.DE
- 1D
- 1.71%
- 1M
- 7.60%
- YTD
- 4.39%
- 6M
- 5.01%
- 1Y
- 21.27%
- 3Y*
- 6.03%
- 5Y*
- 6.92%
- 10Y*
- 9.77%
WH2E.DE
- 1D
- 0.00%
- 1M
- 3.97%
- YTD
- -0.57%
- 6M
- -0.23%
- 1Y
- 15.63%
- 3Y*
- 5.05%
- 5Y*
- —
- 10Y*
- —
ZPDH.DE vs. WH2E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPDH.DE SPDR S&P US Health Care Select Sector UCITS ETF | 4.39% | 1.74% | 8.46% | 2.01% |
WH2E.DE Invesco S&P World Health Care ESG UCITS ETF Acc | -0.57% | 2.78% | 7.94% | 1.65% |
Correlation
The correlation between ZPDH.DE and WH2E.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2023 | 0.92 |
The correlation between ZPDH.DE and WH2E.DE has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
ZPDH.DE vs. WH2E.DE — Risk / Return Rank
ZPDH.DE
WH2E.DE
ZPDH.DE vs. WH2E.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 S&P World Health Care ESG UCITS ETF Acc (WH2E.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZPDH.DE | WH2E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.28 | +0.68 |
| Martin ratioReturn relative to average drawdown | 4.84 | 3.25 | +1.59 |
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Drawdowns
ZPDH.DE vs. WH2E.DE - Drawdown Comparison
The maximum ZPDH.DE drawdown since its inception was -26.63%, which is greater than WH2E.DE's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for ZPDH.DE and WH2E.DE.
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Drawdown Indicators
| ZPDH.DE | WH2E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.63% | -22.19% | -4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -12.23% | +1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | -22.19% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -22.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.63% | — | — |
Current DrawdownCurrent decline from peak | -2.11% | -7.98% | +5.87% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -6.98% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 4.82% | -0.43% |
Volatility
ZPDH.DE vs. WH2E.DE - Volatility Comparison
SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.DE) and Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE) have volatilities of 5.34% and 5.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDH.DE | WH2E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 5.13% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 10.80% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.05% | 15.17% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 13.93% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 13.93% | +2.74% |
ZPDH.DE vs. WH2E.DE - Expense Ratio Comparison
ZPDH.DE has a 0.15% expense ratio, which is lower than WH2E.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. WH2E.DE - Dividend Comparison
Neither ZPDH.DE nor WH2E.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, ZPDH.DE and WH2E.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 WH2E.DE.
ZPDH.DE tracks S&P Health Care Select Sector, while WH2E.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.15% for ZPDH.DE and 0.18% for WH2E.DE.
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