WELP.DE vs. SPYH.DE
WELP.DE (HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF) and SPYH.DE (State Street SPDR MSCI Europe Health Care UCITS ETF) are both Health & Biotech Equities funds - WELP.DE tracks the MSCI World/Energy NR USD while SPYH.DE tracks the MSCI Europe Health Care 35/20 Capped Index. Both are passively managed. Over the past 3 years, WELP.DE returned 12.49%/yr vs 5.66%/yr for SPYH.DE. At a 0.08 correlation, their price movements are largely independent. WELP.DE charges 0.59%/yr vs 0.18%/yr for SPYH.DE.
Performance
WELP.DE vs. SPYH.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WELP.DE achieves a 25.35% return, which is significantly higher than SPYH.DE's 3.28% return.
WELP.DE
- 1D
- 0.00%
- 1M
- -7.19%
- YTD
- 25.35%
- 6M
- 26.72%
- 1Y
- 34.31%
- 3Y*
- 12.49%
- 5Y*
- —
- 10Y*
- —
SPYH.DE
- 1D
- 1.55%
- 1M
- 4.04%
- YTD
- 3.28%
- 6M
- 3.42%
- 1Y
- 16.39%
- 3Y*
- 5.66%
- 5Y*
- 5.89%
- 10Y*
- 7.26%
WELP.DE vs. SPYH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELP.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF | 25.35% | -1.54% | 7.90% | 0.25% | 5.34% |
SPYH.DE State Street SPDR MSCI Europe Health Care UCITS ETF | 3.28% | 7.82% | 3.98% | 7.88% | 5.18% |
Correlation
The correlation between WELP.DE and SPYH.DE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.08 |
The correlation between WELP.DE and SPYH.DE shifts across timeframes, from -0.13 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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
WELP.DE vs. SPYH.DE — Risk / Return Rank
WELP.DE
SPYH.DE
WELP.DE vs. SPYH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.DE) and State Street SPDR MSCI Europe Health Care UCITS ETF (SPYH.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.
| WELP.DE | SPYH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.18 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 1.30 | +1.50 |
| Martin ratioReturn relative to average drawdown | 8.57 | 2.95 | +5.62 |
Loading charts...
Drawdowns
WELP.DE vs. SPYH.DE - Drawdown Comparison
The maximum WELP.DE drawdown since its inception was -23.55%, smaller than the maximum SPYH.DE drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for WELP.DE and SPYH.DE.
Loading charts...
Drawdown Indicators
| WELP.DE | SPYH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.55% | -26.62% | +3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -12.22% | -12.58% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -23.55% | -26.62% | +3.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.62% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.62% | — |
Current DrawdownCurrent decline from peak | -11.07% | -5.94% | -5.13% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -7.67% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 5.54% | -1.55% |
Volatility
WELP.DE vs. SPYH.DE - Volatility Comparison
HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.DE) and State Street SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) have volatilities of 6.59% and 6.37%, 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.
Loading charts...
Volatility by Period
| WELP.DE | SPYH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 6.37% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 16.90% | 12.59% | +4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.54% | 17.23% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.07% | 15.82% | +4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.07% | 15.83% | +4.24% |
WELP.DE vs. SPYH.DE - Expense Ratio Comparison
WELP.DE has a 0.59% expense ratio, which is higher than SPYH.DE's 0.18% expense ratio.
Dividends
WELP.DE vs. SPYH.DE - Dividend Comparison
WELP.DE's dividend yield for the trailing twelve months is around 3.05%, while SPYH.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SPYH.DE State Street SPDR MSCI Europe Health Care UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
WELP.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF | 3.05% | 3.78% | 3.64% | 0.79% |
Frequently Asked Questions
WELP.DE and SPYH.DE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYH.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYH.DE is cheaper with a 0.18% expense ratio, compared with 0.59% for WELP.DE.
WELP.DE tracks MSCI World/Energy NR USD, while SPYH.DE tracks MSCI Europe Health Care 35/20 Capped Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.59% for WELP.DE and 0.18% for SPYH.DE.
Find the right allocation for WELP.DE and SPYH.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