ZPDT.DE vs. BLCH.DE
ZPDT.DE (SPDR S&P US Technology Select Sector UCITS ETF) and BLCH.DE (Global X Blockchain UCITS ETF USD Accumulating) are both Technology Equities funds - ZPDT.DE tracks the S&P Technology Select Sector while BLCH.DE tracks the Solactive Blockchain. Both are passively managed. Over the past 3 years, ZPDT.DE returned 26.33%/yr vs 56.73%/yr for BLCH.DE. At a 0.49 correlation, their price movements are largely independent. ZPDT.DE charges 0.15%/yr vs 0.50%/yr for BLCH.DE.
Performance
ZPDT.DE vs. BLCH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDT.DE achieves a 24.09% return, which is significantly lower than BLCH.DE's 32.88% return.
ZPDT.DE
- 1D
- -2.28%
- 1M
- 13.81%
- YTD
- 24.09%
- 6M
- 23.15%
- 1Y
- 49.52%
- 3Y*
- 26.33%
- 5Y*
- 22.38%
- 10Y*
- 24.05%
BLCH.DE
- 1D
- -4.18%
- 1M
- 10.44%
- YTD
- 32.88%
- 6M
- 11.08%
- 1Y
- 99.86%
- 3Y*
- 56.73%
- 5Y*
- —
- 10Y*
- —
ZPDT.DE vs. BLCH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZPDT.DE SPDR S&P US Technology Select Sector UCITS ETF | 24.09% | 11.31% | 29.30% | 52.02% | -12.75% |
BLCH.DE Global X Blockchain UCITS ETF USD Accumulating | 32.88% | 20.01% | 12.63% | 318.01% | -78.59% |
Correlation
The correlation between ZPDT.DE and BLCH.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2022 | 0.49 |
The correlation between ZPDT.DE and BLCH.DE has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.
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Return for Risk
ZPDT.DE vs. BLCH.DE — Risk / Return Rank
ZPDT.DE
BLCH.DE
ZPDT.DE vs. BLCH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Technology Select Sector UCITS ETF (ZPDT.DE) and Global X Blockchain UCITS ETF USD Accumulating (BLCH.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.
| ZPDT.DE | BLCH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.24 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 1.84 | +1.35 |
| Martin ratioReturn relative to average drawdown | 8.35 | 3.38 | +4.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZPDT.DE | BLCH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 1.47 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.15 | +0.87 |
Drawdowns
ZPDT.DE vs. BLCH.DE - Drawdown Comparison
The maximum ZPDT.DE drawdown since its inception was -31.48%, smaller than the maximum BLCH.DE drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for ZPDT.DE and BLCH.DE.
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Drawdown Indicators
| ZPDT.DE | BLCH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.48% | -83.29% | +51.81% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -54.12% | +38.65% |
Max Drawdown (3Y)Largest decline over 3 years | -29.50% | -60.08% | +30.58% |
Max Drawdown (5Y)Largest decline over 5 years | -29.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.48% | — | — |
Current DrawdownCurrent decline from peak | -3.09% | -24.94% | +21.85% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -44.08% | +38.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 29.42% | -23.51% |
Volatility
ZPDT.DE vs. BLCH.DE - Volatility Comparison
The current volatility for SPDR S&P US Technology Select Sector UCITS ETF (ZPDT.DE) is 7.06%, while Global X Blockchain UCITS ETF USD Accumulating (BLCH.DE) has a volatility of 16.11%. This indicates that ZPDT.DE experiences smaller price fluctuations and is considered to be less risky than BLCH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDT.DE | BLCH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | 16.11% | -9.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.78% | 46.03% | -31.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.30% | 67.91% | -47.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.33% | 74.21% | -51.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.38% | 74.21% | -52.83% |
ZPDT.DE vs. BLCH.DE - Expense Ratio Comparison
ZPDT.DE has a 0.15% expense ratio, which is lower than BLCH.DE's 0.50% expense ratio.
Dividends
ZPDT.DE vs. BLCH.DE - Dividend Comparison
Neither ZPDT.DE nor BLCH.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDT.DE and BLCH.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDT.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDT.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for BLCH.DE.
ZPDT.DE tracks S&P Technology Select Sector, while BLCH.DE tracks Solactive Blockchain. They also come from different issuers: State Street and Global X. Their fees differ too: 0.15% for ZPDT.DE and 0.50% for BLCH.DE.
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