SPYN.DE vs. WELN.DE
SPYN.DE (SPDR MSCI Europe Energy UCITS ETF) and WELN.DE (Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc) are both Energy Equities funds - SPYN.DE tracks the MSCI Europe Energy 20/35 Capped while WELN.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. Both are passively managed. Over the past 3 years, SPYN.DE returned 17.57%/yr vs 14.42%/yr for WELN.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
SPYN.DE vs. WELN.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with SPYN.DE having a 35.04% return and WELN.DE slightly lower at 33.78%.
SPYN.DE
- 1D
- -0.92%
- 1M
- -2.45%
- YTD
- 35.04%
- 6M
- 30.84%
- 1Y
- 54.32%
- 3Y*
- 17.57%
- 5Y*
- 19.95%
- 10Y*
- 11.20%
WELN.DE
- 1D
- -0.46%
- 1M
- -1.01%
- YTD
- 33.78%
- 6M
- 30.28%
- 1Y
- 42.71%
- 3Y*
- 14.42%
- 5Y*
- —
- 10Y*
- —
SPYN.DE vs. WELN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYN.DE SPDR MSCI Europe Energy UCITS ETF | 35.04% | 14.83% | -5.83% | 8.31% | 7.46% |
WELN.DE Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc | 33.78% | -1.37% | 8.67% | -0.46% | 6.24% |
Correlation
The correlation between SPYN.DE and WELN.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.83 |
The correlation between SPYN.DE and WELN.DE has been stable across timeframes, ranging from 0.78 to 0.83 - 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
SPYN.DE vs. WELN.DE — Risk / Return Rank
SPYN.DE
WELN.DE
SPYN.DE vs. WELN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Energy UCITS ETF (SPYN.DE) and Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.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.
| SPYN.DE | WELN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 3.44 | +1.10 |
| Martin ratioReturn relative to average drawdown | 14.57 | 11.82 | +2.75 |
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
| SPYN.DE | WELN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 2.17 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.60 | -0.30 |
Drawdowns
SPYN.DE vs. WELN.DE - Drawdown Comparison
The maximum SPYN.DE drawdown since its inception was -58.67%, which is greater than WELN.DE's maximum drawdown of -23.29%. Use the drawdown chart below to compare losses from any high point for SPYN.DE and WELN.DE.
Loading charts...
Drawdown Indicators
| SPYN.DE | WELN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.67% | -23.29% | -35.38% |
Max Drawdown (1Y)Largest decline over 1 year | -11.89% | -12.35% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -26.54% | -23.29% | -3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | — | — |
Current DrawdownCurrent decline from peak | -6.51% | -4.95% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -7.87% | -3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 3.60% | +0.12% |
Volatility
SPYN.DE vs. WELN.DE - Volatility Comparison
SPDR MSCI Europe Energy UCITS ETF (SPYN.DE) has a higher volatility of 7.11% compared to Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) at 6.50%. This indicates that SPYN.DE's price experiences larger fluctuations and is considered to be riskier than WELN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYN.DE | WELN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 6.50% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 19.17% | 16.38% | +2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.25% | 19.61% | +2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.69% | 19.90% | +3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.06% | 19.90% | +6.16% |
SPYN.DE vs. WELN.DE - Expense Ratio Comparison
Both SPYN.DE and WELN.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
SPYN.DE vs. WELN.DE - Dividend Comparison
Neither SPYN.DE nor WELN.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYN.DE and WELN.DE have a correlation of 0.78, 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.
SPYN.DE and WELN.DE have the same expense ratio: 0.18% per year.
SPYN.DE tracks MSCI Europe Energy 20/35 Capped, while WELN.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. They also come from different issuers: State Street and Amundi.
Find the right allocation for SPYN.DE and WELN.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