ZPDI.DE vs. WELV.DE
ZPDI.DE (State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc)) and WELV.DE (Amundi S&P Global Materials ESG UCITS ETF EUR Dist) are both Industrials Equities funds - ZPDI.DE tracks the S&P Industrials Select Sector Daily Capped 35/20 Index while WELV.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials. Both are passively managed. Over the past 3 years, ZPDI.DE returned 18.65%/yr vs 11.45%/yr for WELV.DE. A 0.58 correlation means they provide meaningful diversification when combined. ZPDI.DE charges 0.15%/yr vs 0.18%/yr for WELV.DE.
Performance
ZPDI.DE vs. WELV.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 WELV.DE's 11.35% 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%
WELV.DE
- 1D
- 0.00%
- 1M
- -3.65%
- 6M
- 6.66%
- YTD
- 11.35%
- 1Y
- 26.57%
- 3Y*
- 11.45%
- 5Y*
- —
- 10Y*
- —
ZPDI.DE vs. WELV.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% |
WELV.DE Amundi S&P Global Materials ESG UCITS ETF EUR Dist | 11.35% | 14.77% | -0.45% | 10.45% | 5.00% |
Correlation
The correlation between ZPDI.DE and WELV.DE is 0.55, 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 | 0.55 |
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 ZPDI.DE and WELV.DE has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
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Return for Risk
ZPDI.DE vs. WELV.DE — Risk / Return Rank
ZPDI.DE
WELV.DE
ZPDI.DE vs. WELV.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 Materials ESG UCITS ETF EUR Dist (WELV.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 | WELV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 1.77 | +0.98 |
| Martin ratioReturn relative to average drawdown | 8.98 | 6.70 | +2.28 |
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Drawdowns
ZPDI.DE vs. WELV.DE - Drawdown Comparison
The maximum ZPDI.DE drawdown since its inception was -41.62%, which is greater than WELV.DE's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for ZPDI.DE and WELV.DE.
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Drawdown Indicators
| ZPDI.DE | WELV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.62% | -21.27% | -20.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -14.36% | +5.53% |
Max Drawdown (3Y)Largest decline over 3 years | -22.54% | -21.27% | -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 | -2.02% | -6.92% | +4.90% |
Average DrawdownAverage peak-to-trough decline | -5.95% | -4.47% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 3.79% | -1.08% |
Volatility
ZPDI.DE vs. WELV.DE - Volatility Comparison
The current volatility for State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.DE) is 5.19%, while Amundi S&P Global Materials ESG UCITS ETF EUR Dist (WELV.DE) has a volatility of 7.50%. This indicates that ZPDI.DE experiences smaller price fluctuations and is considered to be less risky than WELV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDI.DE | WELV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 7.50% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.87% | 16.59% | -4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 19.19% | -4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | 16.26% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.52% | 16.26% | +4.26% |
ZPDI.DE vs. WELV.DE - Expense Ratio Comparison
ZPDI.DE has a 0.15% expense ratio, which is lower than WELV.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. WELV.DE - Dividend Comparison
ZPDI.DE has not paid dividends to shareholders, while WELV.DE's dividend yield for the trailing twelve months is around 1.50%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
WELV.DE Amundi S&P Global Materials ESG UCITS ETF EUR Dist | 1.50% | 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
ZPDI.DE and WELV.DE have a correlation of 0.55, 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.
ZPDI.DE tracks S&P Industrials Select Sector Daily Capped 35/20 Index, while WELV.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for ZPDI.DE and 0.18% for WELV.DE.
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