ZPDX.DE vs. SPYI.DE
ZPDX.DE (SPDR STOXX Europe 600 SRI UCITS ETF) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - ZPDX.DE is a Europe Equities fund tracking the STOXX® Europe 600 SRI, 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 5 years, ZPDX.DE returned 9.14%/yr vs 12.01%/yr for SPYI.DE. A 0.80 correlation means they provide meaningful diversification when combined. ZPDX.DE charges 0.12%/yr vs 0.17%/yr for SPYI.DE.
Performance
ZPDX.DE vs. SPYI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDX.DE achieves a 6.68% return, which is significantly lower than SPYI.DE's 13.27% return.
ZPDX.DE
- 1D
- 0.99%
- 1M
- 4.13%
- YTD
- 6.68%
- 6M
- 8.95%
- 1Y
- 11.89%
- 3Y*
- 12.67%
- 5Y*
- 9.14%
- 10Y*
- —
SPYI.DE
- 1D
- -0.12%
- 1M
- 5.15%
- YTD
- 13.27%
- 6M
- 13.93%
- 1Y
- 27.79%
- 3Y*
- 17.57%
- 5Y*
- 12.01%
- 10Y*
- 12.12%
ZPDX.DE vs. SPYI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPDX.DE SPDR STOXX Europe 600 SRI UCITS ETF | 6.68% | 14.73% | 10.10% | 18.67% | -11.83% | 25.89% | -2.05% | 8.15% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 5.39% | 7.62% |
Correlation
The correlation between ZPDX.DE and SPYI.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2019 | 0.80 |
The correlation between ZPDX.DE and SPYI.DE has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
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Return for Risk
ZPDX.DE vs. SPYI.DE — Risk / Return Rank
ZPDX.DE
SPYI.DE
ZPDX.DE vs. SPYI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR STOXX Europe 600 SRI UCITS ETF (ZPDX.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.
| ZPDX.DE | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.45 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 4.32 | -3.21 |
| Martin ratioReturn relative to average drawdown | 3.43 | 17.43 | -14.01 |
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
| ZPDX.DE | SPYI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 2.41 | -1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.85 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.84 | -0.25 |
Drawdowns
ZPDX.DE vs. SPYI.DE - Drawdown Comparison
The maximum ZPDX.DE drawdown since its inception was -35.97%, roughly equal to the maximum SPYI.DE drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for ZPDX.DE and SPYI.DE.
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Drawdown Indicators
| ZPDX.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.97% | -34.60% | -1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -6.41% | -4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -21.66% | +5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -20.27% | -21.66% | +1.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.60% | — |
Current DrawdownCurrent decline from peak | -1.40% | -0.56% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -4.34% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 1.59% | +1.88% |
Volatility
ZPDX.DE vs. SPYI.DE - Volatility Comparison
SPDR STOXX Europe 600 SRI UCITS ETF (ZPDX.DE) has a higher volatility of 4.19% compared to SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) at 3.11%. This indicates that ZPDX.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
| ZPDX.DE | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 3.11% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.18% | 8.21% | +2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 11.48% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 13.90% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 15.18% | +1.56% |
ZPDX.DE vs. SPYI.DE - Expense Ratio Comparison
ZPDX.DE has a 0.12% 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
ZPDX.DE vs. SPYI.DE - Dividend Comparison
Neither ZPDX.DE nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDX.DE and SPYI.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDX.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDX.DE is cheaper with a 0.12% expense ratio, compared with 0.17% for SPYI.DE.
ZPDX.DE is categorized as Europe Equities, while SPYI.DE is Global Equities. ZPDX.DE tracks STOXX® Europe 600 SRI, while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). Their fees differ too: 0.12% for ZPDX.DE and 0.17% for SPYI.DE.
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