SPYQ.DE vs. WELT.DE
SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) and WELT.DE (Amundi S&P Global Industrials ESG UCITS ETF EUR Dist) are both Industrials Equities funds - SPYQ.DE tracks the MSCI Europe Industrials 20/35 Capped while WELT.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials. Both are passively managed. Over the past 3 years, SPYQ.DE returned 19.58%/yr vs 17.33%/yr for WELT.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
SPYQ.DE vs. WELT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYQ.DE achieves a 8.86% return, which is significantly lower than WELT.DE's 15.23% return.
SPYQ.DE
- 1D
- 0.62%
- 1M
- 0.55%
- YTD
- 8.86%
- 6M
- 11.04%
- 1Y
- 15.68%
- 3Y*
- 19.58%
- 5Y*
- 12.85%
- 10Y*
- 12.56%
WELT.DE
- 1D
- -0.14%
- 1M
- 2.34%
- YTD
- 15.23%
- 6M
- 15.49%
- 1Y
- 23.51%
- 3Y*
- 17.33%
- 5Y*
- —
- 10Y*
- —
SPYQ.DE vs. WELT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 8.86% | 25.52% | 14.36% | 26.68% | 12.88% |
WELT.DE Amundi S&P Global Industrials ESG UCITS ETF EUR Dist | 15.23% | 10.22% | 16.35% | 19.85% | 7.82% |
Correlation
The correlation between SPYQ.DE and WELT.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.83 |
The correlation between SPYQ.DE and WELT.DE has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
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Return for Risk
SPYQ.DE vs. WELT.DE — Risk / Return Rank
SPYQ.DE
WELT.DE
SPYQ.DE vs. WELT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) and Amundi S&P Global Industrials ESG UCITS ETF EUR Dist (WELT.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.
| SPYQ.DE | WELT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.45 | -1.26 |
| Martin ratioReturn relative to average drawdown | 4.36 | 9.08 | -4.71 |
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
| SPYQ.DE | WELT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.52 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.26 | -0.66 |
Drawdowns
SPYQ.DE vs. WELT.DE - Drawdown Comparison
The maximum SPYQ.DE drawdown since its inception was -41.44%, which is greater than WELT.DE's maximum drawdown of -20.81%. Use the drawdown chart below to compare losses from any high point for SPYQ.DE and WELT.DE.
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Drawdown Indicators
| SPYQ.DE | WELT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.44% | -20.81% | -20.63% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -9.55% | -3.60% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -20.81% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.44% | — | — |
Current DrawdownCurrent decline from peak | -2.67% | -0.14% | -2.53% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -2.61% | -3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.58% | +1.00% |
Volatility
SPYQ.DE vs. WELT.DE - Volatility Comparison
SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) has a higher volatility of 6.29% compared to Amundi S&P Global Industrials ESG UCITS ETF EUR Dist (WELT.DE) at 3.88%. This indicates that SPYQ.DE's price experiences larger fluctuations and is considered to be riskier than WELT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYQ.DE | WELT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 3.88% | +2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 12.34% | +4.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 15.36% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.87% | 15.32% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 15.32% | +4.28% |
SPYQ.DE vs. WELT.DE - Expense Ratio Comparison
Both SPYQ.DE and WELT.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
SPYQ.DE vs. WELT.DE - Dividend Comparison
SPYQ.DE has not paid dividends to shareholders, while WELT.DE's dividend yield for the trailing twelve months is around 1.12%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
WELT.DE Amundi S&P Global Industrials ESG UCITS ETF EUR Dist | 1.12% | 1.29% | 1.36% | 1.04% |
Frequently Asked Questions
SPYQ.DE and WELT.DE have a correlation of 0.81, 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.
SPYQ.DE and WELT.DE have the same expense ratio: 0.18% per year.
SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped, while WELT.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials. They also come from different issuers: State Street and Amundi.
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