WELV.DE vs. ZPDI.DE
WELV.DE (Amundi S&P Global Materials ESG UCITS ETF EUR Dist) and ZPDI.DE (State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc)) are both Industrials Equities funds - WELV.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials while ZPDI.DE tracks the S&P Industrials Select Sector Daily Capped 35/20 Index. Both are passively managed. Over the past 3 years, WELV.DE returned 11.37%/yr vs 19.45%/yr for ZPDI.DE. A 0.58 correlation means they provide meaningful diversification when combined. WELV.DE charges 0.18%/yr vs 0.15%/yr for ZPDI.DE.
Performance
WELV.DE vs. ZPDI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WELV.DE achieves a 12.81% return, which is significantly lower than ZPDI.DE's 19.52% return.
WELV.DE
- 1D
- 0.00%
- 1M
- -2.38%
- 6M
- 6.65%
- YTD
- 12.81%
- 1Y
- 28.23%
- 3Y*
- 11.37%
- 5Y*
- —
- 10Y*
- —
ZPDI.DE
- 1D
- -0.27%
- 1M
- 4.70%
- 6M
- 14.56%
- YTD
- 19.52%
- 1Y
- 24.74%
- 3Y*
- 19.45%
- 5Y*
- 14.26%
- 10Y*
- 13.19%
WELV.DE vs. ZPDI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELV.DE Amundi S&P Global Materials ESG UCITS ETF EUR Dist | 12.81% | 14.77% | -0.45% | 10.45% | 5.00% |
ZPDI.DE State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) | 19.52% | 6.82% | 23.74% | 13.82% | 3.45% |
Correlation
The correlation between WELV.DE and ZPDI.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.58 |
The correlation between WELV.DE and ZPDI.DE has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
WELV.DE vs. ZPDI.DE — Risk / Return Rank
WELV.DE
ZPDI.DE
WELV.DE vs. ZPDI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Materials ESG UCITS ETF EUR Dist (WELV.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.
| WELV.DE | ZPDI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.79 | -0.83 |
| Martin ratioReturn relative to average drawdown | 7.42 | 9.10 | -1.68 |
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Drawdowns
WELV.DE vs. ZPDI.DE - Drawdown Comparison
The maximum WELV.DE drawdown since its inception was -21.27%, smaller than the maximum ZPDI.DE drawdown of -41.62%. Use the drawdown chart below to compare losses from any high point for WELV.DE and ZPDI.DE.
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Drawdown Indicators
| WELV.DE | ZPDI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.27% | -41.62% | +20.35% |
Max Drawdown (1Y)Largest decline over 1 year | -14.36% | -8.83% | -5.53% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -22.54% | +1.27% |
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 | -5.69% | -2.29% | -3.40% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -5.94% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 2.71% | +1.08% |
Volatility
WELV.DE vs. ZPDI.DE - Volatility Comparison
Amundi S&P Global Materials ESG UCITS ETF EUR Dist (WELV.DE) has a higher volatility of 6.68% compared to State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.DE) at 5.05%. This indicates that WELV.DE's price experiences larger fluctuations and is considered to be riskier than ZPDI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WELV.DE | ZPDI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 5.05% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 11.83% | +4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.17% | 15.10% | +4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 16.80% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 20.52% | -4.26% |
WELV.DE vs. ZPDI.DE - Expense Ratio Comparison
WELV.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
WELV.DE vs. ZPDI.DE - Dividend Comparison
WELV.DE's dividend yield for the trailing twelve months is around 1.48%, while ZPDI.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
WELV.DE Amundi S&P Global Materials ESG UCITS ETF EUR Dist | 1.48% | 1.77% | 2.71% | 0.31% |
ZPDI.DE State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WELV.DE and ZPDI.DE have a correlation of 0.54, 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 WELV.DE.
WELV.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials, 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 WELV.DE and 0.15% for ZPDI.DE.
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