SPYU.DE vs. WELD.DE
SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) and WELD.DE (Amundi S&P Global Utilities ESG UCITS ETF EUR Acc) are both Utilities Equities funds - SPYU.DE tracks the MSCI Europe Utilities 20/35 Capped while WELD.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Utilities. Both are passively managed. Over the past 3 years, SPYU.DE returned 16.61%/yr vs 11.09%/yr for WELD.DE. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
SPYU.DE vs. WELD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYU.DE achieves a 13.06% return, which is significantly higher than WELD.DE's 6.78% return.
SPYU.DE
- 1D
- -0.28%
- 1M
- -3.02%
- YTD
- 13.06%
- 6M
- 14.07%
- 1Y
- 26.75%
- 3Y*
- 16.61%
- 5Y*
- 11.82%
- 10Y*
- 10.70%
WELD.DE
- 1D
- -1.00%
- 1M
- -5.21%
- YTD
- 6.78%
- 6M
- 5.30%
- 1Y
- 15.75%
- 3Y*
- 11.09%
- 5Y*
- —
- 10Y*
- —
SPYU.DE vs. WELD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 13.06% | 34.39% | 0.99% | 13.57% | 15.16% |
WELD.DE Amundi S&P Global Utilities ESG UCITS ETF EUR Acc | 6.78% | 18.60% | 10.09% | 1.57% | 9.15% |
Correlation
The correlation between SPYU.DE and WELD.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.79 |
The correlation between SPYU.DE and WELD.DE has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
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Return for Risk
SPYU.DE vs. WELD.DE — Risk / Return Rank
SPYU.DE
WELD.DE
SPYU.DE vs. WELD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) and Amundi S&P Global Utilities ESG UCITS ETF EUR Acc (WELD.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.
| SPYU.DE | WELD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.21 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 2.35 | +1.24 |
| Martin ratioReturn relative to average drawdown | 10.13 | 6.47 | +3.66 |
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
| SPYU.DE | WELD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.27 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.94 | -0.37 |
Drawdowns
SPYU.DE vs. WELD.DE - Drawdown Comparison
The maximum SPYU.DE drawdown since its inception was -32.98%, which is greater than WELD.DE's maximum drawdown of -14.07%. Use the drawdown chart below to compare losses from any high point for SPYU.DE and WELD.DE.
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Drawdown Indicators
| SPYU.DE | WELD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.98% | -14.07% | -18.91% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -6.68% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -12.61% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | — | — |
Current DrawdownCurrent decline from peak | -5.24% | -6.55% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -3.20% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.43% | +0.20% |
Volatility
SPYU.DE vs. WELD.DE - Volatility Comparison
SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) has a higher volatility of 5.85% compared to Amundi S&P Global Utilities ESG UCITS ETF EUR Acc (WELD.DE) at 4.02%. This indicates that SPYU.DE's price experiences larger fluctuations and is considered to be riskier than WELD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYU.DE | WELD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 4.02% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 9.94% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 12.34% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 13.35% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 13.35% | +3.70% |
SPYU.DE vs. WELD.DE - Expense Ratio Comparison
Both SPYU.DE and WELD.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
SPYU.DE vs. WELD.DE - Dividend Comparison
Neither SPYU.DE nor WELD.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYU.DE and WELD.DE have a correlation of 0.72, 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.
SPYU.DE and WELD.DE have the same expense ratio: 0.18% per year.
SPYU.DE tracks MSCI Europe Utilities 20/35 Capped, while WELD.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Utilities. They also come from different issuers: State Street and Amundi.
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