ZPDI.DE vs. SPYQ.DE
ZPDI.DE (State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc)) and SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) are both Industrials Equities funds from State Street - ZPDI.DE tracks the S&P Industrials Select Sector Daily Capped 35/20 Index while SPYQ.DE tracks the MSCI Europe Industrials 20/35 Capped. Both are passively managed. Over the past 10 years, ZPDI.DE returned 13.05%/yr vs 12.63%/yr for SPYQ.DE. A 0.68 correlation means they provide meaningful diversification when combined. ZPDI.DE charges 0.15%/yr vs 0.18%/yr for SPYQ.DE.
Performance
ZPDI.DE vs. SPYQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDI.DE achieves a 18.53% return, which is significantly higher than SPYQ.DE's 8.39% return. Both investments have delivered pretty close results over the past 10 years, with ZPDI.DE having a 13.05% annualized return and SPYQ.DE not far behind at 12.63%.
ZPDI.DE
- 1D
- -0.17%
- 1M
- 0.57%
- 6M
- 9.72%
- YTD
- 18.53%
- 1Y
- 21.76%
- 3Y*
- 18.56%
- 5Y*
- 14.00%
- 10Y*
- 13.05%
SPYQ.DE
- 1D
- -0.39%
- 1M
- -2.46%
- 6M
- 0.52%
- YTD
- 8.39%
- 1Y
- 12.33%
- 3Y*
- 19.10%
- 5Y*
- 12.43%
- 10Y*
- 12.63%
ZPDI.DE vs. SPYQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPDI.DE State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) | 18.53% | 6.82% | 23.74% | 13.82% | -0.16% | 32.11% | -0.48% | 32.04% | -9.77% | 8.34% |
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 8.39% | 25.52% | 14.36% | 26.68% | -16.54% | 28.05% | 4.02% | 37.55% | -14.12% | 15.52% |
Correlation
The correlation between ZPDI.DE and SPYQ.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 | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.68 |
The correlation between ZPDI.DE and SPYQ.DE has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
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Return for Risk
ZPDI.DE vs. SPYQ.DE — Risk / Return Rank
ZPDI.DE
SPYQ.DE
ZPDI.DE vs. SPYQ.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 SPDR MSCI Europe Industrials UCITS ETF (SPYQ.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 | SPYQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.12 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 0.93 | +1.52 |
| Martin ratioReturn relative to average drawdown | 7.93 | 3.30 | +4.63 |
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Drawdowns
ZPDI.DE vs. SPYQ.DE - Drawdown Comparison
The maximum ZPDI.DE drawdown since its inception was -41.62%, roughly equal to the maximum SPYQ.DE drawdown of -41.44%. Use the drawdown chart below to compare losses from any high point for ZPDI.DE and SPYQ.DE.
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Drawdown Indicators
| ZPDI.DE | SPYQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.62% | -41.44% | -0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -13.15% | +4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -22.54% | -18.37% | -4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | -29.20% | +6.66% |
Max Drawdown (10Y)Largest decline over 10 years | -41.62% | -41.44% | -0.18% |
Current DrawdownCurrent decline from peak | -3.10% | -5.52% | +2.42% |
Average DrawdownAverage peak-to-trough decline | -5.94% | -6.46% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 3.72% | -0.98% |
Volatility
ZPDI.DE vs. SPYQ.DE - Volatility Comparison
The current volatility for State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.DE) is 4.79%, while SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) has a volatility of 5.67%. This indicates that ZPDI.DE experiences smaller price fluctuations and is considered to be less risky than SPYQ.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 | SPYQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 5.67% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 11.69% | 16.94% | -5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.94% | 20.33% | -5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | 19.01% | -2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 19.34% | +1.18% |
ZPDI.DE vs. SPYQ.DE - Expense Ratio Comparison
ZPDI.DE has a 0.15% expense ratio, which is lower than SPYQ.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
ZPDI.DE vs. SPYQ.DE - Dividend Comparison
Neither ZPDI.DE nor SPYQ.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDI.DE and SPYQ.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, ZPDI.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDI.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for SPYQ.DE.
ZPDI.DE tracks S&P Industrials Select Sector Daily Capped 35/20 Index, while SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped. Their fees differ too: 0.15% for ZPDI.DE and 0.18% for SPYQ.DE.
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