ZPDM.DE vs. SPYL.DE
ZPDM.DE (State Street SPDR S&P U.S. Materials Select Sector UCITS ETF (Acc)) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - ZPDM.DE is a Materials fund tracking the S&P Materials 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, ZPDM.DE returned 18.63% vs 25.70% for SPYL.DE. A 0.51 correlation means they provide meaningful diversification when combined. ZPDM.DE charges 0.15%/yr vs 0.03%/yr for SPYL.DE.
Performance
ZPDM.DE vs. SPYL.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 SPYL.DE slightly higher at 13.18%.
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%
SPYL.DE
- 1D
- 0.00%
- 1M
- 1.77%
- 6M
- 10.59%
- YTD
- 13.18%
- 1Y
- 25.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPDM.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPDM.DE State Street SPDR S&P U.S. Materials Select Sector UCITS ETF (Acc) | 13.05% | -1.09% | 5.46% | 9.10% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 13.18% | 4.71% | 32.33% | 8.23% |
Correlation
The correlation between ZPDM.DE and SPYL.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.51 |
The correlation between ZPDM.DE and SPYL.DE shifts across timeframes, from 0.40 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPDM.DE vs. SPYL.DE — Risk / Return Rank
ZPDM.DE
SPYL.DE
ZPDM.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. Materials Select Sector UCITS ETF (Acc) (ZPDM.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.
| ZPDM.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.40 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 3.62 | -1.77 |
| Martin ratioReturn relative to average drawdown | 5.48 | 12.73 | -7.25 |
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Drawdowns
ZPDM.DE vs. SPYL.DE - Drawdown Comparison
The maximum ZPDM.DE drawdown since its inception was -34.87%, 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 ZPDM.DE and SPYL.DE.
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Drawdown Indicators
| ZPDM.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -23.27% | -11.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -7.13% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -24.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.87% | — | — |
Current DrawdownCurrent decline from peak | -3.11% | -0.15% | -2.96% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -3.26% | -4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 2.02% | +1.37% |
Volatility
ZPDM.DE vs. SPYL.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 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.79%. This indicates that ZPDM.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
| ZPDM.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 2.79% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.66% | 7.98% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 11.98% | +4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 14.92% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 14.92% | +4.59% |
ZPDM.DE vs. SPYL.DE - Expense Ratio Comparison
ZPDM.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
ZPDM.DE vs. SPYL.DE - Dividend Comparison
Neither ZPDM.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDM.DE and SPYL.DE have a correlation of 0.40, 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 ZPDM.DE.
ZPDM.DE is categorized as Materials, while SPYL.DE is S&P 500. ZPDM.DE tracks S&P Materials Select Sector Daily Capped 35/20 Index, while SPYL.DE tracks S&P 500 Index. Their fees differ too: 0.15% for ZPDM.DE and 0.03% for SPYL.DE.
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