WELC.DE vs. SPYR.DE

Last updated Jun 5, 2026

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

Performance

WELC.DE vs. SPYR.DE - Performance Comparison

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

Returns By Period

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

WELC.DE

• 1D: 0.30%
• 1M: -0.44%
• YTD: -1.47%
• 6M: -1.83%
• 1Y: 6.55%
• 3Y*: 9.08%
• 5Y*: —
• 10Y*: —

SPYR.DE

• 1D: 0.63%
• 1M: 2.63%
• YTD: -11.04%
• 6M: -10.98%
• 1Y: -5.00%
• 3Y*: -2.86%
• 5Y*: -1.70%
• 10Y*: 4.88%

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

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

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

Correlation

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

Return for Risk

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

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

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

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

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.

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

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

	WELC.DE	SPYR.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.39	-0.29	+0.68
Sortino ratio: Return per unit of downside risk	0.66	-0.30	+0.96
Omega ratio: Gain probability vs. loss probability	1.08	0.97	+0.11
Calmar ratio: Return relative to maximum drawdown	0.44	-0.27	+0.71
Martin ratio: Return relative to average drawdown	1.21	-0.64	+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.

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

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

	WELC.DE	SPYR.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	-0.29	+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	0.60	0.29	+0.30

Drawdowns

WELC.DE vs. SPYR.DE - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

WELC.DE vs. SPYR.DE - Volatility Comparison

The current volatility for Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist (WELC.DE) is 4.86%, while SPDR MSCI Europe Consumer Discretionary UCITS ETF (SPYR.DE) has a volatility of 5.71%. This indicates that WELC.DE experiences smaller price fluctuations and is considered to be less risky than SPYR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

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

Both WELC.DE and SPYR.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

WELC.DE vs. SPYR.DE - Dividend Comparison

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

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 WELC.DE and SPYR.DE in my portfolio?

WELC.DE and SPYR.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, WELC.DE or SPYR.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, WELC.DE or SPYR.DE?

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

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

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