ZPDM.DE vs. SPYY.DE
ZPDM.DE (State Street SPDR S&P U.S. Materials Select Sector UCITS ETF (Acc)) and SPYY.DE (State Street SPDR MSCI All Country World UCITS ETF (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 SPYY.DE is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, ZPDM.DE returned 9.03%/yr vs 12.02%/yr for SPYY.DE. A 0.75 correlation means they provide meaningful diversification when combined. ZPDM.DE charges 0.15%/yr vs 0.12%/yr for SPYY.DE.
Performance
ZPDM.DE vs. SPYY.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 SPYY.DE's 13.82% return. Over the past 10 years, ZPDM.DE has underperformed SPYY.DE with an annualized return of 9.03%, while SPYY.DE has yielded a comparatively higher 12.02% 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%
SPYY.DE
- 1D
- -0.16%
- 1M
- 0.86%
- 6M
- 10.17%
- YTD
- 13.82%
- 1Y
- 27.32%
- 3Y*
- 18.41%
- 5Y*
- 11.75%
- 10Y*
- 12.02%
ZPDM.DE vs. SPYY.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% |
SPYY.DE State Street SPDR MSCI All Country World UCITS ETF (Acc) | 13.82% | 9.46% | 24.56% | 18.22% | -13.76% | 29.02% | 5.12% | 30.21% | -6.02% | 8.80% |
Correlation
The correlation between ZPDM.DE and SPYY.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.75 |
Over the past year, the correlation between ZPDM.DE and SPYY.DE has dropped to 0.51 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
ZPDM.DE vs. SPYY.DE — Risk / Return Rank
ZPDM.DE
SPYY.DE
ZPDM.DE vs. SPYY.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 MSCI All Country World UCITS ETF (Acc) (SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.43 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 4.19 | -2.33 |
| Martin ratioReturn relative to average drawdown | 5.48 | 16.60 | -11.12 |
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Drawdowns
ZPDM.DE vs. SPYY.DE - Drawdown Comparison
The maximum ZPDM.DE drawdown since its inception was -34.87%, smaller than the maximum SPYY.DE drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for ZPDM.DE and SPYY.DE.
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Drawdown Indicators
| ZPDM.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.87% | -40.72% | +5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -6.49% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -24.39% | -21.27% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | -21.27% | -3.12% |
Max Drawdown (10Y)Largest decline over 10 years | -34.87% | -33.49% | -1.38% |
Current DrawdownCurrent decline from peak | -3.11% | -0.65% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -8.43% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 1.64% | +1.75% |
Volatility
ZPDM.DE vs. SPYY.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 MSCI All Country World UCITS ETF (Acc) (SPYY.DE) at 2.91%. This indicates that ZPDM.DE's price experiences larger fluctuations and is considered to be riskier than SPYY.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 | SPYY.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% | 8.70% | +3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.08% | 11.79% | +4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.29% | 13.94% | +3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 15.92% | +3.59% |
ZPDM.DE vs. SPYY.DE - Expense Ratio Comparison
ZPDM.DE has a 0.15% expense ratio, which is higher than SPYY.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. SPYY.DE - Dividend Comparison
Neither ZPDM.DE nor SPYY.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDM.DE and SPYY.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYY.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYY.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for ZPDM.DE.
ZPDM.DE is categorized as Materials, while SPYY.DE is Global Equities. ZPDM.DE tracks S&P Materials Select Sector Daily Capped 35/20 Index, while SPYY.DE tracks MSCI ACWI Index. Their fees differ too: 0.15% for ZPDM.DE and 0.12% for SPYY.DE.
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