ZPDH.DE vs. WELS.DE
ZPDH.DE (SPDR S&P US Health Care Select Sector UCITS ETF) and WELS.DE (Amundi S&P Global Health Care ESG UCITS ETF EUR Acc) are both Health & Biotech Equities funds - ZPDH.DE tracks the S&P Health Care Select Sector while WELS.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Health Care. Both are passively managed. Over the past 3 years, ZPDH.DE returned 3.67%/yr vs 2.22%/yr for WELS.DE. Their correlation of 0.94 suggests significant overlap in exposure. ZPDH.DE charges 0.15%/yr vs 0.18%/yr for WELS.DE.
Performance
ZPDH.DE vs. WELS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDH.DE achieves a -1.12% return, which is significantly higher than WELS.DE's -3.35% return.
ZPDH.DE
- 1D
- 2.83%
- 1M
- 5.48%
- YTD
- -1.12%
- 6M
- -0.21%
- 1Y
- 13.04%
- 3Y*
- 3.67%
- 5Y*
- 6.73%
- 10Y*
- 8.92%
WELS.DE
- 1D
- 2.97%
- 1M
- 4.14%
- YTD
- -3.35%
- 6M
- -2.82%
- 1Y
- 6.93%
- 3Y*
- 2.22%
- 5Y*
- —
- 10Y*
- —
ZPDH.DE vs. WELS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZPDH.DE SPDR S&P US Health Care Select Sector UCITS ETF | -1.12% | 1.73% | 8.46% | -1.73% | 1.37% |
WELS.DE Amundi S&P Global Health Care ESG UCITS ETF EUR Acc | -3.35% | 1.05% | 7.20% | 2.33% | 4.02% |
Correlation
The correlation between ZPDH.DE and WELS.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.94 |
The correlation between ZPDH.DE and WELS.DE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
ZPDH.DE vs. WELS.DE — Risk / Return Rank
ZPDH.DE
WELS.DE
ZPDH.DE vs. WELS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.DE) and Amundi S&P Global Health Care ESG UCITS ETF EUR Acc (WELS.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.
| ZPDH.DE | WELS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.09 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.56 | +0.65 |
| Martin ratioReturn relative to average drawdown | 2.95 | 1.30 | +1.65 |
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
| ZPDH.DE | WELS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.47 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.22 | +0.24 |
Drawdowns
ZPDH.DE vs. WELS.DE - Drawdown Comparison
The maximum ZPDH.DE drawdown since its inception was -26.61%, which is greater than WELS.DE's maximum drawdown of -23.13%. Use the drawdown chart below to compare losses from any high point for ZPDH.DE and WELS.DE.
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Drawdown Indicators
| ZPDH.DE | WELS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.61% | -23.13% | -3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -12.35% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -22.64% | -23.13% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -22.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.61% | — | — |
Current DrawdownCurrent decline from peak | -7.28% | -12.08% | +4.80% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -7.30% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 5.34% | -0.93% |
Volatility
ZPDH.DE vs. WELS.DE - Volatility Comparison
SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.DE) and Amundi S&P Global Health Care ESG UCITS ETF EUR Acc (WELS.DE) have volatilities of 5.13% and 5.27%, 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
| ZPDH.DE | WELS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 5.27% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.16% | 10.22% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.63% | 14.60% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 13.59% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 13.59% | +2.18% |
ZPDH.DE vs. WELS.DE - Expense Ratio Comparison
ZPDH.DE has a 0.15% expense ratio, which is lower than WELS.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
ZPDH.DE vs. WELS.DE - Dividend Comparison
Neither ZPDH.DE nor WELS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, ZPDH.DE and WELS.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, ZPDH.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDH.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for WELS.DE.
ZPDH.DE tracks S&P Health Care Select Sector, while WELS.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Health Care. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for ZPDH.DE and 0.18% for WELS.DE.
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