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