ZPDE.DE vs. WELN.DE
ZPDE.DE (SPDR S&P US Energy Select Sector UCITS ETF) and WELN.DE (Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc) are both Energy Equities funds - ZPDE.DE tracks the S&P Energy Select Sector while WELN.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. Both are passively managed. Over the past 3 years, ZPDE.DE returned 14.16%/yr vs 14.42%/yr for WELN.DE. Their correlation of 0.91 suggests significant overlap in exposure. ZPDE.DE charges 0.15%/yr vs 0.18%/yr for WELN.DE.
Performance
ZPDE.DE vs. WELN.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ZPDE.DE having a 32.72% return and WELN.DE slightly higher at 33.78%.
ZPDE.DE
- 1D
- -0.53%
- 1M
- -0.30%
- YTD
- 32.72%
- 6M
- 29.61%
- 1Y
- 43.77%
- 3Y*
- 14.16%
- 5Y*
- 21.32%
- 10Y*
- 9.33%
WELN.DE
- 1D
- -0.46%
- 1M
- -1.01%
- YTD
- 33.78%
- 6M
- 30.28%
- 1Y
- 42.71%
- 3Y*
- 14.42%
- 5Y*
- —
- 10Y*
- —
ZPDE.DE vs. WELN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZPDE.DE SPDR S&P US Energy Select Sector UCITS ETF | 32.72% | -2.67% | 9.39% | -2.97% | -0.56% |
WELN.DE Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc | 33.78% | -1.37% | 8.67% | -0.46% | 6.24% |
Correlation
The correlation between ZPDE.DE and WELN.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.91 |
The correlation between ZPDE.DE and WELN.DE has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
ZPDE.DE vs. WELN.DE — Risk / Return Rank
ZPDE.DE
WELN.DE
ZPDE.DE vs. WELN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Energy Select Sector UCITS ETF (ZPDE.DE) and Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.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.
| ZPDE.DE | WELN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 3.44 | -0.90 |
| Martin ratioReturn relative to average drawdown | 8.09 | 11.82 | -3.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZPDE.DE | WELN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.17 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.60 | -0.34 |
Drawdowns
ZPDE.DE vs. WELN.DE - Drawdown Comparison
The maximum ZPDE.DE drawdown since its inception was -65.58%, which is greater than WELN.DE's maximum drawdown of -23.29%. Use the drawdown chart below to compare losses from any high point for ZPDE.DE and WELN.DE.
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Drawdown Indicators
| ZPDE.DE | WELN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -23.29% | -42.29% |
Max Drawdown (1Y)Largest decline over 1 year | -17.16% | -12.35% | -4.81% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -23.29% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.58% | — | — |
Current DrawdownCurrent decline from peak | -8.87% | -4.95% | -3.92% |
Average DrawdownAverage peak-to-trough decline | -17.28% | -7.87% | -9.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 3.60% | +1.80% |
Volatility
ZPDE.DE vs. WELN.DE - Volatility Comparison
SPDR S&P US Energy Select Sector UCITS ETF (ZPDE.DE) has a higher volatility of 7.53% compared to Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) at 6.50%. This indicates that ZPDE.DE's price experiences larger fluctuations and is considered to be riskier than WELN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDE.DE | WELN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 6.50% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 16.38% | +3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 19.61% | +4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.90% | 19.90% | +7.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 19.90% | +8.99% |
ZPDE.DE vs. WELN.DE - Expense Ratio Comparison
ZPDE.DE has a 0.15% expense ratio, which is lower than WELN.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ZPDE.DE vs. WELN.DE - Dividend Comparison
Neither ZPDE.DE nor WELN.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, ZPDE.DE and WELN.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ZPDE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDE.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for WELN.DE.
ZPDE.DE tracks S&P Energy Select Sector, while WELN.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for ZPDE.DE and 0.18% for WELN.DE.
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