SPYK.DE vs. WELU.DE

Last updated Jun 5, 2026

SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) and WELU.DE (Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc) are both Technology Equities funds - SPYK.DE tracks the MSCI Europe Information Technology 20/35 Capped while WELU.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. Both are passively managed. Over the past 3 years, SPYK.DE returned 24.74%/yr vs 27.35%/yr for WELU.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.

Performance

SPYK.DE vs. WELU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) and Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYK.DE achieves a 50.09% return, which is significantly higher than WELU.DE's 21.54% return.

SPYK.DE

• 1D: 0.27%
• 1M: 20.48%
• YTD: 50.09%
• 6M: 47.63%
• 1Y: 59.88%
• 3Y*: 24.74%
• 5Y*: 15.13%
• 10Y*: 16.39%

WELU.DE

• 1D: -1.73%
• 1M: 12.92%
• YTD: 21.54%
• 6M: 20.01%
• 1Y: 44.17%
• 3Y*: 27.35%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYK.DE vs. WELU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SPYK.DE SPDR MSCI Europe Technology UCITS ETF	50.09%	10.46%	8.46%	35.03%	9.79%
WELU.DE Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc	21.54%	9.54%	38.64%	57.43%	0.20%

Correlation

The correlation between SPYK.DE and WELU.DE is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.73

The correlation between SPYK.DE and WELU.DE has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.

Return for Risk

SPYK.DE vs. WELU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYK.DE

SPYK.DE Risk / Return Rank: 71
SPYK.DE Sharpe Ratio Rank: 72
SPYK.DE Sortino Ratio Rank: 70
SPYK.DE Omega Ratio Rank: 63
SPYK.DE Calmar Ratio Rank: 85
SPYK.DE Martin Ratio Rank: 67

WELU.DE

WELU.DE Risk / Return Rank: 57
WELU.DE Sharpe Ratio Rank: 66
WELU.DE Sortino Ratio Rank: 61
WELU.DE Omega Ratio Rank: 59
WELU.DE Calmar Ratio Rank: 55
WELU.DE Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPYK.DE vs. WELU.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) and Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.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.

	SPYK.DE	WELU.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.15	+0.15
Sortino ratio: Return per unit of downside risk	3.15	2.83	+0.32
Omega ratio: Gain probability vs. loss probability	1.38	1.35	+0.03
Calmar ratio: Return relative to maximum drawdown	4.59	2.70	+1.88
Martin ratio: Return relative to average drawdown	12.19	6.94	+5.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYK.DE vs. WELU.DE - Sharpe Ratio Comparison

The current SPYK.DE Sharpe Ratio is 2.30, which is comparable to the WELU.DE Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of SPYK.DE and WELU.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPYK.DE	WELU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.15	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	1.52	-0.89

Drawdowns

SPYK.DE vs. WELU.DE - Drawdown Comparison

The maximum SPYK.DE drawdown since its inception was -38.45%, which is greater than WELU.DE's maximum drawdown of -28.67%. Use the drawdown chart below to compare losses from any high point for SPYK.DE and WELU.DE.

Drawdown Indicators

	SPYK.DE	WELU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-38.45%	-28.67%	-9.78%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	-16.26%	+3.27%
Max Drawdown (3Y) Largest decline over 3 years	-27.02%	-28.67%	+1.65%
Max Drawdown (5Y) Largest decline over 5 years	-38.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.45%	—	—
Current Drawdown Current decline from peak	-0.09%	-2.65%	+2.56%
Average Drawdown Average peak-to-trough decline	-8.36%	-4.74%	-3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	6.35%	-1.45%

Volatility

SPYK.DE vs. WELU.DE - Volatility Comparison

SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) has a higher volatility of 10.31% compared to Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.DE) at 6.70%. This indicates that SPYK.DE's price experiences larger fluctuations and is considered to be riskier than WELU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYK.DE	WELU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.31%	6.70%	+3.61%
Volatility (6M) Calculated over the trailing 6-month period	20.95%	14.75%	+6.20%
Volatility (1Y) Calculated over the trailing 1-year period	25.88%	20.41%	+5.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.86%	22.28%	+3.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.18%	22.28%	+1.90%

SPYK.DE vs. WELU.DE - Expense Ratio Comparison

Both SPYK.DE and WELU.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

SPYK.DE vs. WELU.DE - Dividend Comparison

Neither SPYK.DE nor WELU.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPYK.DE and WELU.DE in my portfolio?

SPYK.DE and WELU.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYK.DE or WELU.DE?

Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYK.DE or WELU.DE?

SPYK.DE and WELU.DE have the same expense ratio: 0.18% per year.

What is the main difference between SPYK.DE and WELU.DE?

SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped, while WELU.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. They also come from different issuers: State Street and Amundi.