ZPDI.DE vs. SPYL.DE
ZPDI.DE (State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc)) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - ZPDI.DE is a Industrials Equities fund tracking the S&P Industrials Select Sector Daily Capped 35/20 Index, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, ZPDI.DE returned 25.09% vs 24.19% for SPYL.DE. A 0.70 correlation means they provide meaningful diversification when combined. ZPDI.DE charges 0.15%/yr vs 0.03%/yr for SPYL.DE.
Performance
ZPDI.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDI.DE achieves a 19.85% return, which is significantly higher than SPYL.DE's 12.65% return.
ZPDI.DE
- 1D
- 0.17%
- 1M
- 4.99%
- 6M
- 15.05%
- YTD
- 19.85%
- 1Y
- 25.09%
- 3Y*
- 18.65%
- 5Y*
- 14.18%
- 10Y*
- 13.36%
SPYL.DE
- 1D
- 0.00%
- 1M
- 2.46%
- 6M
- 10.65%
- YTD
- 12.65%
- 1Y
- 24.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPDI.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPDI.DE State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) | 19.85% | 6.82% | 23.74% | 11.39% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 12.65% | 4.71% | 32.33% | 8.23% |
Correlation
The correlation between ZPDI.DE and SPYL.DE is 0.65, 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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.70 |
The correlation between ZPDI.DE and SPYL.DE has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.
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Return for Risk
ZPDI.DE vs. SPYL.DE — Risk / Return Rank
ZPDI.DE
SPYL.DE
ZPDI.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.DE) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
| ZPDI.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.36 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 3.32 | -0.57 |
| Martin ratioReturn relative to average drawdown | 8.98 | 11.66 | -2.68 |
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Drawdowns
ZPDI.DE vs. SPYL.DE - Drawdown Comparison
The maximum ZPDI.DE drawdown since its inception was -41.62%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for ZPDI.DE and SPYL.DE.
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Drawdown Indicators
| ZPDI.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.62% | -23.27% | -18.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -7.13% | -1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -22.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.62% | — | — |
Current DrawdownCurrent decline from peak | -2.02% | -0.27% | -1.75% |
Average DrawdownAverage peak-to-trough decline | -5.95% | -3.28% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.03% | +0.68% |
Volatility
ZPDI.DE vs. SPYL.DE - Volatility Comparison
State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.DE) has a higher volatility of 5.19% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 3.37%. This indicates that ZPDI.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDI.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 3.37% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 11.87% | 8.14% | +3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 12.03% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | 14.96% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 14.96% | +5.56% |
ZPDI.DE vs. SPYL.DE - Expense Ratio Comparison
ZPDI.DE has a 0.15% expense ratio, which is higher than SPYL.DE's 0.03% 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
ZPDI.DE vs. SPYL.DE - Dividend Comparison
Neither ZPDI.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDI.DE and SPYL.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.15% for ZPDI.DE.
ZPDI.DE is categorized as Industrials Equities, while SPYL.DE is S&P 500. ZPDI.DE tracks S&P Industrials Select Sector Daily Capped 35/20 Index, while SPYL.DE tracks S&P 500 Index. Their fees differ too: 0.15% for ZPDI.DE and 0.03% for SPYL.DE.
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