ZPDM.DE vs. SPYW.DE
ZPDM.DE (State Street SPDR S&P U.S. Materials Select Sector UCITS ETF (Acc)) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - ZPDM.DE is a Materials fund tracking the S&P Materials Select Sector Daily Capped 35/20 Index, while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, ZPDM.DE returned 9.03%/yr vs 7.41%/yr for SPYW.DE. A 0.61 correlation means they provide meaningful diversification when combined. ZPDM.DE charges 0.15%/yr vs 0.30%/yr for SPYW.DE.
Performance
ZPDM.DE vs. SPYW.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 higher than SPYW.DE's 9.65% return. Over the past 10 years, ZPDM.DE has outperformed SPYW.DE with an annualized return of 9.03%, while SPYW.DE has yielded a comparatively lower 7.41% 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%
SPYW.DE
- 1D
- 0.20%
- 1M
- 1.87%
- 6M
- 8.39%
- YTD
- 9.65%
- 1Y
- 14.86%
- 3Y*
- 15.19%
- 5Y*
- 8.93%
- 10Y*
- 7.41%
ZPDM.DE vs. SPYW.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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 9.65% | 20.21% | 8.31% | 17.92% | -11.22% | 14.38% | -11.88% | 23.33% | -8.56% | 11.23% |
Correlation
The correlation between ZPDM.DE and SPYW.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.61 |
The correlation between ZPDM.DE and SPYW.DE shifts across timeframes, from 0.45 (3 years) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPDM.DE vs. SPYW.DE — Risk / Return Rank
ZPDM.DE
SPYW.DE
ZPDM.DE vs. SPYW.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 S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.26 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.85 | 0.00 |
| Martin ratioReturn relative to average drawdown | 5.48 | 6.19 | -0.71 |
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Drawdowns
ZPDM.DE vs. SPYW.DE - Drawdown Comparison
The maximum ZPDM.DE drawdown since its inception was -34.87%, smaller than the maximum SPYW.DE drawdown of -38.67%. Use the drawdown chart below to compare losses from any high point for ZPDM.DE and SPYW.DE.
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Drawdown Indicators
| ZPDM.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -38.67% | +3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -7.99% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -24.39% | -11.64% | -12.75% |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | -23.99% | -0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -34.87% | -38.67% | +3.80% |
Current DrawdownCurrent decline from peak | -3.11% | 0.00% | -3.11% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -5.57% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 2.39% | +1.00% |
Volatility
ZPDM.DE vs. SPYW.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 S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 2.40%. This indicates that ZPDM.DE's price experiences larger fluctuations and is considered to be riskier than SPYW.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 | SPYW.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% | 8.93% | +3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 10.63% | +5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 13.25% | +4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 14.58% | +4.93% |
ZPDM.DE vs. SPYW.DE - Expense Ratio Comparison
ZPDM.DE has a 0.15% expense ratio, which is lower than SPYW.DE's 0.30% expense ratio.
Dividends
ZPDM.DE vs. SPYW.DE - Dividend Comparison
ZPDM.DE has not paid dividends to shareholders, while SPYW.DE's dividend yield for the trailing twelve months is around 3.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.46% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
ZPDM.DE State Street SPDR S&P U.S. Materials Select Sector UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPDM.DE and SPYW.DE have a correlation of 0.48, 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 0.30% for SPYW.DE.
ZPDM.DE is categorized as Materials, while SPYW.DE is Europe Equities. ZPDM.DE tracks S&P Materials Select Sector Daily Capped 35/20 Index, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. Their fees differ too: 0.15% for ZPDM.DE and 0.30% for SPYW.DE.
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