SPYR.DE vs. WELC.DE

Last updated Jun 5, 2026

SPYR.DE (SPDR MSCI Europe Consumer Discretionary UCITS ETF) and WELC.DE (Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist) are both Consumer Staples Equities funds - SPYR.DE tracks the MSCI Europe Consumer Discretionary 20/35 Capped while WELC.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary. Both are passively managed. Over the past 3 years, SPYR.DE returned -2.86%/yr vs 9.08%/yr for WELC.DE. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.

Performance

SPYR.DE vs. WELC.DE - Performance Comparison

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

Returns By Period

In the year-to-date period, SPYR.DE achieves a -11.04% return, which is significantly lower than WELC.DE's -1.47% return.

SPYR.DE

• 1D: 0.63%
• 1M: 7.05%
• YTD: -11.04%
• 6M: -10.59%
• 1Y: -5.58%
• 3Y*: -2.86%
• 5Y*: -1.70%
• 10Y*: 4.88%

WELC.DE

• 1D: 0.30%
• 1M: -0.33%
• YTD: -1.47%
• 6M: -1.22%
• 1Y: 6.53%
• 3Y*: 9.08%
• 5Y*: —
• 10Y*: —

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

SPYR.DE vs. WELC.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SPYR.DE SPDR MSCI Europe Consumer Discretionary UCITS ETF	-11.04%	2.47%	3.29%	15.35%	13.88%
WELC.DE Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist	-1.47%	-5.06%	29.51%	30.69%	-8.13%

Correlation

The correlation between SPYR.DE and WELC.DE is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.65

The correlation between SPYR.DE and WELC.DE has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.

Return for Risk

SPYR.DE vs. WELC.DE — Risk / Return Rank

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

SPYR.DE

SPYR.DE Risk / Return Rank: 6
SPYR.DE Sharpe Ratio Rank: 6
SPYR.DE Sortino Ratio Rank: 6
SPYR.DE Omega Ratio Rank: 6
SPYR.DE Calmar Ratio Rank: 7
SPYR.DE Martin Ratio Rank: 6

WELC.DE

WELC.DE Risk / Return Rank: 15
WELC.DE Sharpe Ratio Rank: 15
WELC.DE Sortino Ratio Rank: 15
WELC.DE Omega Ratio Rank: 15
WELC.DE Calmar Ratio Rank: 15
WELC.DE Martin Ratio Rank: 15

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.

SPYR.DE vs. WELC.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Consumer Discretionary UCITS ETF (SPYR.DE) and Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist (WELC.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.

	SPYR.DE	WELC.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.29	0.39	-0.68
Sortino ratio: Return per unit of downside risk	-0.30	0.66	-0.96
Omega ratio: Gain probability vs. loss probability	0.97	1.08	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.27	0.44	-0.71
Martin ratio: Return relative to average drawdown	-0.64	1.21	-1.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYR.DE vs. WELC.DE - Sharpe Ratio Comparison

The current SPYR.DE Sharpe Ratio is -0.29, which is lower than the WELC.DE Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of SPYR.DE and WELC.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

	SPYR.DE	WELC.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.29	0.39	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.60	-0.30

Drawdowns

SPYR.DE vs. WELC.DE - Drawdown Comparison

The maximum SPYR.DE drawdown since its inception was -41.59%, which is greater than WELC.DE's maximum drawdown of -28.15%. Use the drawdown chart below to compare losses from any high point for SPYR.DE and WELC.DE.

Drawdown Indicators

	SPYR.DE	WELC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-41.59%	-28.15%	-13.44%
Max Drawdown (1Y) Largest decline over 1 year	-20.59%	-14.64%	-5.95%
Max Drawdown (3Y) Largest decline over 3 years	-26.58%	-28.15%	+1.57%
Max Drawdown (5Y) Largest decline over 5 years	-29.92%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.59%	—	—
Current Drawdown Current decline from peak	-18.77%	-10.11%	-8.66%
Average Drawdown Average peak-to-trough decline	-9.33%	-6.71%	-2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.74%	5.38%	+3.36%

Volatility

SPYR.DE vs. WELC.DE - Volatility Comparison

SPDR MSCI Europe Consumer Discretionary UCITS ETF (SPYR.DE) has a higher volatility of 5.71% compared to Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist (WELC.DE) at 4.86%. This indicates that SPYR.DE's price experiences larger fluctuations and is considered to be riskier than WELC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYR.DE	WELC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	4.86%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	15.42%	12.32%	+3.10%
Volatility (1Y) Calculated over the trailing 1-year period	19.29%	16.52%	+2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.07%	18.03%	+3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.80%	18.03%	+2.77%

SPYR.DE vs. WELC.DE - Expense Ratio Comparison

Both SPYR.DE and WELC.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

SPYR.DE vs. WELC.DE - Dividend Comparison

SPYR.DE has not paid dividends to shareholders, while WELC.DE's dividend yield for the trailing twelve months is around 0.81%.

Position	TTM	2025	2024	2023
SPYR.DE SPDR MSCI Europe Consumer Discretionary UCITS ETF	0.00%	0.00%	0.00%	0.00%
WELC.DE Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist	0.81%	0.93%	0.83%	0.73%

Frequently Asked Questions

Can I hold both SPYR.DE and WELC.DE in my portfolio?

SPYR.DE and WELC.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYR.DE or WELC.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, SPYR.DE or WELC.DE?

SPYR.DE and WELC.DE have the same expense ratio: 0.18% per year.

What is the main difference between SPYR.DE and WELC.DE?

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