ZPDI.DE vs. WELH.DE
ZPDI.DE (State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc)) and WELH.DE (Amundi S&P Global Industrials ESG UCITS ETF EUR Acc) are both Industrials Equities funds - ZPDI.DE tracks the S&P Industrials Select Sector Daily Capped 35/20 Index while WELH.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials. Both are passively managed. Over the past 3 years, ZPDI.DE returned 18.65%/yr vs 17.72%/yr for WELH.DE. Their correlation of 0.83 suggests significant overlap in exposure. ZPDI.DE charges 0.15%/yr vs 0.18%/yr for WELH.DE.
Performance
ZPDI.DE vs. WELH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDI.DE achieves a 19.85% return, which is significantly higher than WELH.DE's 18.55% return.
ZPDI.DE
- 1D
- 0.17%
- 1M
- 4.99%
- 6M
- 15.05%
- YTD
- 19.85%
- 1Y
- 25.09%
- 3Y*
- 18.65%
- 5Y*
- 14.18%
- 10Y*
- 13.36%
WELH.DE
- 1D
- 0.00%
- 1M
- 3.97%
- 6M
- 14.36%
- YTD
- 18.55%
- 1Y
- 25.63%
- 3Y*
- 17.72%
- 5Y*
- —
- 10Y*
- —
ZPDI.DE vs. WELH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZPDI.DE State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) | 19.85% | 6.82% | 23.74% | 13.82% | 3.45% |
WELH.DE Amundi S&P Global Industrials ESG UCITS ETF EUR Acc | 18.55% | 9.85% | 16.48% | 19.96% | 2.78% |
Correlation
The correlation between ZPDI.DE and WELH.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 ZPDI.DE and WELH.DE has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
ZPDI.DE vs. WELH.DE — Risk / Return Rank
ZPDI.DE
WELH.DE
ZPDI.DE vs. WELH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.DE) and Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.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.
| ZPDI.DE | WELH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.52 | +0.23 |
| Martin ratioReturn relative to average drawdown | 8.98 | 9.38 | -0.40 |
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Drawdowns
ZPDI.DE vs. WELH.DE - Drawdown Comparison
The maximum ZPDI.DE drawdown since its inception was -41.62%, which is greater than WELH.DE's maximum drawdown of -20.70%. Use the drawdown chart below to compare losses from any high point for ZPDI.DE and WELH.DE.
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Drawdown Indicators
| ZPDI.DE | WELH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.62% | -20.70% | -20.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -9.84% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -22.54% | -20.70% | -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 | -2.02% | -1.91% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -5.95% | -2.60% | -3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 2.65% | +0.06% |
Volatility
ZPDI.DE vs. WELH.DE - Volatility Comparison
State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.DE) and Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.DE) have volatilities of 5.19% and 5.12%, 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
| ZPDI.DE | WELH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 5.12% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.87% | 12.87% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 15.62% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | 15.48% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 15.48% | +5.04% |
ZPDI.DE vs. WELH.DE - Expense Ratio Comparison
ZPDI.DE has a 0.15% expense ratio, which is lower than WELH.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
ZPDI.DE vs. WELH.DE - Dividend Comparison
Neither ZPDI.DE nor WELH.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDI.DE and WELH.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.
ZPDI.DE tracks S&P Industrials Select Sector Daily Capped 35/20 Index, while WELH.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for ZPDI.DE and 0.18% for WELH.DE.
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