SPYP.DE vs. WELV.DE
SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) and WELV.DE (Amundi S&P Global Materials ESG UCITS ETF EUR Dist) are both Industrials Equities funds - SPYP.DE tracks the MSCI Europe Materials 20/35 Capped while WELV.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials. Both are passively managed. Over the past 3 years, SPYP.DE returned 12.38%/yr vs 13.15%/yr for WELV.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
SPYP.DE vs. WELV.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with SPYP.DE having a 17.42% return and WELV.DE slightly lower at 16.85%.
SPYP.DE
- 1D
- -0.40%
- 1M
- 5.89%
- YTD
- 17.42%
- 6M
- 21.88%
- 1Y
- 25.97%
- 3Y*
- 12.38%
- 5Y*
- 6.68%
- 10Y*
- 11.05%
WELV.DE
- 1D
- -0.38%
- 1M
- 5.22%
- YTD
- 16.85%
- 6M
- 21.50%
- 1Y
- 32.47%
- 3Y*
- 13.15%
- 5Y*
- —
- 10Y*
- —
SPYP.DE vs. WELV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYP.DE SPDR MSCI Europe Materials UCITS ETF | 17.42% | 13.01% | -3.09% | 12.36% | -1.76% |
WELV.DE Amundi S&P Global Materials ESG UCITS ETF EUR Dist | 16.85% | 14.77% | -0.57% | 9.65% | -1.62% |
Correlation
The correlation between SPYP.DE and WELV.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2022 | 0.73 |
The correlation between SPYP.DE and WELV.DE shifts across timeframes, from 0.73 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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
SPYP.DE vs. WELV.DE — Risk / Return Rank
SPYP.DE
WELV.DE
SPYP.DE vs. WELV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) and Amundi S&P Global Materials ESG UCITS ETF EUR Dist (WELV.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.
| SPYP.DE | WELV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.34 | -0.36 |
| Martin ratioReturn relative to average drawdown | 7.94 | 9.43 | -1.48 |
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
| SPYP.DE | WELV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.86 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.76 | -0.34 |
Drawdowns
SPYP.DE vs. WELV.DE - Drawdown Comparison
The maximum SPYP.DE drawdown since its inception was -36.99%, which is greater than WELV.DE's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for SPYP.DE and WELV.DE.
Loading charts...
Drawdown Indicators
| SPYP.DE | WELV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -21.27% | -15.72% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -14.36% | +1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -21.27% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.40% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -1.63% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -4.71% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.51% | -0.25% |
Volatility
SPYP.DE vs. WELV.DE - Volatility Comparison
SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) and Amundi S&P Global Materials ESG UCITS ETF EUR Dist (WELV.DE) have volatilities of 6.50% and 6.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYP.DE | WELV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 6.61% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 15.33% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 18.02% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 16.99% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 16.99% | +2.35% |
SPYP.DE vs. WELV.DE - Expense Ratio Comparison
Both SPYP.DE and WELV.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
SPYP.DE vs. WELV.DE - Dividend Comparison
SPYP.DE has not paid dividends to shareholders, while WELV.DE's dividend yield for the trailing twelve months is around 1.43%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SPYP.DE SPDR MSCI Europe Materials UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
WELV.DE Amundi S&P Global Materials ESG UCITS ETF EUR Dist | 1.43% | 1.77% | 2.71% | 0.31% |
Frequently Asked Questions
SPYP.DE and WELV.DE have a correlation of 0.84, 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.
SPYP.DE and WELV.DE have the same expense ratio: 0.18% per year.
SPYP.DE tracks MSCI Europe Materials 20/35 Capped, while WELV.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials. They also come from different issuers: State Street and Amundi.
Find the right allocation for SPYP.DE and WELV.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