ZPDM.DE vs. SPPY.DE
ZPDM.DE (State Street SPDR S&P U.S. Materials Select Sector UCITS ETF (Acc)) and SPPY.DE (State Street SPDR S&P 500 Leaders 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 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, ZPDM.DE returned 6.76%/yr vs 14.58%/yr for SPPY.DE. A 0.66 correlation means they provide meaningful diversification when combined. ZPDM.DE charges 0.15%/yr vs 0.10%/yr for SPPY.DE.
Performance
ZPDM.DE vs. SPPY.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ZPDM.DE having a 13.05% return and SPPY.DE slightly higher at 13.06%.
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%
SPPY.DE
- 1D
- 0.17%
- 1M
- 1.18%
- 6M
- 10.71%
- YTD
- 13.06%
- 1Y
- 28.23%
- 3Y*
- 19.30%
- 5Y*
- 14.58%
- 10Y*
- —
ZPDM.DE vs. SPPY.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% | 2.33% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 13.06% | 4.43% | 32.86% | 26.94% | -14.48% | 41.13% | 8.01% | 3.47% |
Correlation
The correlation between ZPDM.DE and SPPY.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.66 |
Over the past year, the correlation between ZPDM.DE and SPPY.DE has dropped to 0.41 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
ZPDM.DE vs. SPPY.DE — Risk / Return Rank
ZPDM.DE
SPPY.DE
ZPDM.DE vs. SPPY.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 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.
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 | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.45 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 4.18 | -2.33 |
| Martin ratioReturn relative to average drawdown | 5.48 | 16.01 | -10.53 |
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Drawdowns
ZPDM.DE vs. SPPY.DE - Drawdown Comparison
The maximum ZPDM.DE drawdown since its inception was -34.87%, roughly equal to the maximum SPPY.DE drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for ZPDM.DE and SPPY.DE.
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Drawdown Indicators
| ZPDM.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -33.33% | -1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -6.72% | -3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -24.39% | -23.81% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | -23.81% | -0.58% |
Max Drawdown (10Y)Largest decline over 10 years | -34.87% | — | — |
Current DrawdownCurrent decline from peak | -3.11% | -0.37% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -4.76% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 1.76% | +1.63% |
Volatility
ZPDM.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 2.36%. This indicates that ZPDM.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
| ZPDM.DE | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 2.36% | +2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.66% | 8.06% | +4.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 11.73% | +4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 15.46% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 17.47% | +2.04% |
ZPDM.DE vs. SPPY.DE - Expense Ratio Comparison
ZPDM.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
ZPDM.DE vs. SPPY.DE - Dividend Comparison
Neither ZPDM.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDM.DE and SPPY.DE have a correlation of 0.41, 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 ZPDM.DE.
ZPDM.DE is categorized as Materials, while SPPY.DE is S&P 500. ZPDM.DE tracks S&P Materials Select Sector Daily Capped 35/20 Index, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.15% for ZPDM.DE and 0.10% for SPPY.DE.
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