ZPDM.DE vs. SPYI.DE
ZPDM.DE (State Street SPDR S&P U.S. Materials Select Sector UCITS ETF (Acc)) and SPYI.DE (SPDR MSCI ACWI IMI 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 SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 10 years, ZPDM.DE returned 9.03%/yr vs 11.73%/yr for SPYI.DE. A 0.76 correlation means they provide meaningful diversification when combined. ZPDM.DE charges 0.15%/yr vs 0.17%/yr for SPYI.DE.
Performance
ZPDM.DE vs. SPYI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDM.DE achieves a 13.05% return, which is significantly lower than SPYI.DE's 14.53% return. Over the past 10 years, ZPDM.DE has underperformed SPYI.DE with an annualized return of 9.03%, while SPYI.DE has yielded a comparatively higher 11.73% annualized return.
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%
SPYI.DE
- 1D
- -0.09%
- 1M
- 0.88%
- 6M
- 10.43%
- YTD
- 14.53%
- 1Y
- 28.14%
- 3Y*
- 17.98%
- 5Y*
- 11.51%
- 10Y*
- 11.73%
ZPDM.DE vs. SPYI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 25.61% | -11.15% | 8.19% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 14.53% | 9.07% | 22.98% | 17.54% | -12.93% | 27.77% | 5.37% | 29.81% | -6.73% | 8.25% |
Correlation
The correlation between ZPDM.DE and SPYI.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.76 |
Over the past year, the correlation between ZPDM.DE and SPYI.DE has dropped to 0.54 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
ZPDM.DE vs. SPYI.DE — Risk / Return Rank
ZPDM.DE
SPYI.DE
ZPDM.DE vs. SPYI.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 ACWI IMI UCITS ETF (SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.45 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 4.34 | -2.49 |
| Martin ratioReturn relative to average drawdown | 5.48 | 17.17 | -11.69 |
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Drawdowns
ZPDM.DE vs. SPYI.DE - Drawdown Comparison
The maximum ZPDM.DE drawdown since its inception was -34.87%, smaller than the maximum SPYI.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for ZPDM.DE and SPYI.DE.
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Drawdown Indicators
| ZPDM.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -41.58% | +6.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -6.45% | -3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -24.39% | -21.64% | -2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | -21.64% | -2.75% |
Max Drawdown (10Y)Largest decline over 10 years | -34.87% | -34.49% | -0.38% |
Current DrawdownCurrent decline from peak | -3.11% | -0.61% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -8.38% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 1.63% | +1.76% |
Volatility
ZPDM.DE vs. SPYI.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 ACWI IMI UCITS ETF (SPYI.DE) at 2.91%. This indicates that ZPDM.DE's price experiences larger fluctuations and is considered to be riskier than SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 2.91% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.66% | 8.63% | +4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 11.82% | +4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 13.97% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 15.91% | +3.60% |
ZPDM.DE vs. SPYI.DE - Expense Ratio Comparison
ZPDM.DE has a 0.15% expense ratio, which is lower than SPYI.DE's 0.17% 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
ZPDM.DE vs. SPYI.DE - Dividend Comparison
Neither ZPDM.DE nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDM.DE and SPYI.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDM.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDM.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for SPYI.DE.
ZPDM.DE is categorized as Materials, while SPYI.DE is Global Equities. ZPDM.DE tracks S&P Materials Select Sector Daily Capped 35/20 Index, while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). Their fees differ too: 0.15% for ZPDM.DE and 0.17% for SPYI.DE.
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