WELH.DE vs. ZPDI.DE
WELH.DE (Amundi S&P Global Industrials ESG UCITS ETF EUR Acc) and ZPDI.DE (State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc)) are both Industrials Equities funds - WELH.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials while ZPDI.DE tracks the S&P Industrials Select Sector Daily Capped 35/20 Index. Both are passively managed. Over the past 3 years, WELH.DE returned 17.67%/yr vs 18.95%/yr for ZPDI.DE. Their correlation of 0.83 suggests significant overlap in exposure. WELH.DE charges 0.18%/yr vs 0.15%/yr for ZPDI.DE.
Performance
WELH.DE vs. ZPDI.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with WELH.DE having a 18.24% return and ZPDI.DE slightly lower at 18.03%.
WELH.DE
- 1D
- 0.00%
- 1M
- 2.12%
- 6M
- 13.40%
- YTD
- 18.24%
- 1Y
- 25.01%
- 3Y*
- 17.67%
- 5Y*
- —
- 10Y*
- —
ZPDI.DE
- 1D
- -0.73%
- 1M
- 1.70%
- 6M
- 12.06%
- YTD
- 18.03%
- 1Y
- 22.04%
- 3Y*
- 18.95%
- 5Y*
- 13.91%
- 10Y*
- 13.05%
WELH.DE vs. ZPDI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELH.DE Amundi S&P Global Industrials ESG UCITS ETF EUR Acc | 18.24% | 9.85% | 16.48% | 19.96% | 2.78% |
ZPDI.DE State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) | 18.03% | 6.82% | 23.74% | 13.82% | 3.45% |
Correlation
The correlation between WELH.DE and ZPDI.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.83 |
The correlation between WELH.DE and ZPDI.DE has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
WELH.DE vs. ZPDI.DE — Risk / Return Rank
WELH.DE
ZPDI.DE
WELH.DE vs. ZPDI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.DE) and State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WELH.DE | ZPDI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.49 | +0.05 |
| Martin ratioReturn relative to average drawdown | 9.39 | 8.07 | +1.32 |
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Drawdowns
WELH.DE vs. ZPDI.DE - Drawdown Comparison
The maximum WELH.DE drawdown since its inception was -20.70%, smaller than the maximum ZPDI.DE drawdown of -41.62%. Use the drawdown chart below to compare losses from any high point for WELH.DE and ZPDI.DE.
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Drawdown Indicators
| WELH.DE | ZPDI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.70% | -41.62% | +20.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | -8.83% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -20.70% | -22.54% | +1.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.62% | — |
Current DrawdownCurrent decline from peak | -2.16% | -3.51% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -5.94% | +3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.72% | -0.06% |
Volatility
WELH.DE vs. ZPDI.DE - Volatility Comparison
Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.DE) and State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.DE) have volatilities of 4.77% and 4.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WELH.DE | ZPDI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 4.90% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.81% | 11.76% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 15.11% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.46% | 16.80% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 20.52% | -5.06% |
WELH.DE vs. ZPDI.DE - Expense Ratio Comparison
WELH.DE has a 0.18% expense ratio, which is higher than ZPDI.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WELH.DE vs. ZPDI.DE - Dividend Comparison
Neither WELH.DE nor ZPDI.DE has paid dividends to shareholders.
Frequently Asked Questions
WELH.DE and ZPDI.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDI.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDI.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for WELH.DE.
WELH.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials, while ZPDI.DE tracks S&P Industrials Select Sector Daily Capped 35/20 Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.18% for WELH.DE and 0.15% for ZPDI.DE.
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