SPYH.DE vs. WELS.DE
SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) and WELS.DE (Amundi S&P Global Health Care ESG UCITS ETF EUR Acc) are both Health & Biotech Equities funds - SPYH.DE tracks the MSCI Europe Health Care 20/35 Capped while WELS.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Health Care. Both are passively managed. Over the past 3 years, SPYH.DE returned 2.85%/yr vs 2.22%/yr for WELS.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
SPYH.DE vs. WELS.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYH.DE achieves a -1.97% return, which is significantly higher than WELS.DE's -3.35% return.
SPYH.DE
- 1D
- 3.34%
- 1M
- 0.41%
- YTD
- -1.97%
- 6M
- -0.47%
- 1Y
- 6.02%
- 3Y*
- 2.85%
- 5Y*
- 5.81%
- 10Y*
- 6.16%
WELS.DE
- 1D
- 2.97%
- 1M
- 3.85%
- YTD
- -3.35%
- 6M
- -2.89%
- 1Y
- 7.18%
- 3Y*
- 2.22%
- 5Y*
- —
- 10Y*
- —
SPYH.DE vs. WELS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | -1.97% | 7.82% | 3.98% | 7.88% | 5.67% |
WELS.DE Amundi S&P Global Health Care ESG UCITS ETF EUR Acc | -3.35% | 1.05% | 7.20% | 2.33% | 4.02% |
Correlation
The correlation between SPYH.DE and WELS.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.73 |
The correlation between SPYH.DE and WELS.DE has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYH.DE vs. WELS.DE — Risk / Return Rank
SPYH.DE
WELS.DE
SPYH.DE vs. WELS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) and Amundi S&P Global Health Care ESG UCITS ETF EUR Acc (WELS.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.
| SPYH.DE | WELS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.09 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.56 | -0.06 |
| Martin ratioReturn relative to average drawdown | 1.10 | 1.30 | -0.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPYH.DE | WELS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.47 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.22 | +0.21 |
Drawdowns
SPYH.DE vs. WELS.DE - Drawdown Comparison
The maximum SPYH.DE drawdown since its inception was -26.62%, which is greater than WELS.DE's maximum drawdown of -23.13%. Use the drawdown chart below to compare losses from any high point for SPYH.DE and WELS.DE.
Loading charts...
Drawdown Indicators
| SPYH.DE | WELS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -23.13% | -3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -12.35% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -23.13% | -3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | — | — |
Current DrawdownCurrent decline from peak | -10.72% | -12.08% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -7.30% | -1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 5.34% | +0.39% |
Volatility
SPYH.DE vs. WELS.DE - Volatility Comparison
SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a higher volatility of 6.01% compared to Amundi S&P Global Health Care ESG UCITS ETF EUR Acc (WELS.DE) at 5.27%. This indicates that SPYH.DE's price experiences larger fluctuations and is considered to be riskier than WELS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYH.DE | WELS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 5.27% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 10.22% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 14.60% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 13.59% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 13.59% | +2.23% |
SPYH.DE vs. WELS.DE - Expense Ratio Comparison
Both SPYH.DE and WELS.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPYH.DE vs. WELS.DE - Dividend Comparison
Neither SPYH.DE nor WELS.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYH.DE and WELS.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPYH.DE and WELS.DE have the same expense ratio: 0.18% per year.
SPYH.DE tracks MSCI Europe Health Care 20/35 Capped, while WELS.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Health Care. They also come from different issuers: State Street and Amundi.
Find the right allocation for SPYH.DE and WELS.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer