ZPDM.DE vs. SPPW.DE
ZPDM.DE (State Street SPDR S&P U.S. Materials Select Sector UCITS ETF (Acc)) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - ZPDM.DE is a Materials fund tracking the S&P Materials Select Sector Daily Capped 35/20 Index, while SPPW.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, ZPDM.DE returned 6.76%/yr vs 12.45%/yr for SPPW.DE. A 0.73 correlation means they provide meaningful diversification when combined. ZPDM.DE charges 0.15%/yr vs 0.12%/yr for SPPW.DE.
Performance
ZPDM.DE vs. SPPW.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ZPDM.DE having a 13.05% return and SPPW.DE slightly lower at 12.92%.
ZPDM.DE
- 1D
- 0.50%
- 1M
- -2.06%
- 6M
- 4.76%
- YTD
- 13.05%
- 1Y
- 18.63%
- 3Y*
- 7.66%
- 5Y*
- 6.76%
- 10Y*
- 9.03%
SPPW.DE
- 1D
- -0.02%
- 1M
- 1.70%
- 6M
- 9.85%
- YTD
- 12.92%
- 1Y
- 25.75%
- 3Y*
- 18.32%
- 5Y*
- 12.45%
- 10Y*
- —
ZPDM.DE vs. SPPW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPDM.DE State Street SPDR S&P U.S. Materials Select Sector UCITS ETF (Acc) | 13.05% | -1.09% | 5.46% | 8.56% | -7.02% | 39.56% | 8.20% | 12.73% |
SPPW.DE SPDR MSCI World UCITS ETF | 12.92% | 8.04% | 26.10% | 20.24% | -13.28% | 32.64% | 5.29% | 3.00% |
Correlation
The correlation between ZPDM.DE and SPPW.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2019 | 0.73 |
Over the past year, the correlation between ZPDM.DE and SPPW.DE has dropped to 0.52 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
ZPDM.DE vs. SPPW.DE — Risk / Return Rank
ZPDM.DE
SPPW.DE
ZPDM.DE vs. SPPW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P U.S. Materials Select Sector UCITS ETF (Acc) (ZPDM.DE) and SPDR MSCI World UCITS ETF (SPPW.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.
| ZPDM.DE | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.43 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 3.93 | -2.08 |
| Martin ratioReturn relative to average drawdown | 5.48 | 15.66 | -10.18 |
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Drawdowns
ZPDM.DE vs. SPPW.DE - Drawdown Comparison
The maximum ZPDM.DE drawdown since its inception was -34.87%, roughly equal to the maximum SPPW.DE drawdown of -33.70%. Use the drawdown chart below to compare losses from any high point for ZPDM.DE and SPPW.DE.
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Drawdown Indicators
| ZPDM.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -33.70% | -1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -6.52% | -3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -24.39% | -21.62% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | -21.62% | -2.77% |
Max Drawdown (10Y)Largest decline over 10 years | -34.87% | — | — |
Current DrawdownCurrent decline from peak | -3.11% | -0.02% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -4.86% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 1.64% | +1.75% |
Volatility
ZPDM.DE vs. SPPW.DE - Volatility Comparison
State Street SPDR S&P U.S. Materials Select Sector UCITS ETF (Acc) (ZPDM.DE) has a higher volatility of 5.17% compared to SPDR MSCI World UCITS ETF (SPPW.DE) at 2.40%. This indicates that ZPDM.DE's price experiences larger fluctuations and is considered to be riskier than SPPW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDM.DE | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 2.40% | +2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.66% | 7.89% | +4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 11.27% | +4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 14.07% | +3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 16.57% | +2.94% |
ZPDM.DE vs. SPPW.DE - Expense Ratio Comparison
ZPDM.DE has a 0.15% expense ratio, which is higher than SPPW.DE's 0.12% 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
ZPDM.DE vs. SPPW.DE - Dividend Comparison
Neither ZPDM.DE nor SPPW.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDM.DE and SPPW.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for ZPDM.DE.
ZPDM.DE is categorized as Materials, while SPPW.DE is Global Equities. ZPDM.DE tracks S&P Materials Select Sector Daily Capped 35/20 Index, while SPPW.DE tracks MSCI World Index. Their fees differ too: 0.15% for ZPDM.DE and 0.12% for SPPW.DE.
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