ZPDK.DE vs. WELX.DE
ZPDK.DE (SPDR S&P U.S. Communication Services Select Sector UCITS ETF) and WELX.DE (Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc) are both Communications Equities funds - ZPDK.DE tracks the S&P Communication Services Select Sector Daily Capped 25/20 while WELX.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Communication Services. Both are passively managed. Over the past 3 years, ZPDK.DE returned 22.06%/yr vs 21.53%/yr for WELX.DE. Their correlation of 0.89 suggests significant overlap in exposure. ZPDK.DE charges 0.15%/yr vs 0.18%/yr for WELX.DE.
Performance
ZPDK.DE vs. WELX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDK.DE achieves a 3.41% return, which is significantly higher than WELX.DE's 2.94% return.
ZPDK.DE
- 1D
- 1.45%
- 1M
- -2.27%
- YTD
- 3.41%
- 6M
- 2.07%
- 1Y
- 18.77%
- 3Y*
- 22.06%
- 5Y*
- 11.35%
- 10Y*
- —
WELX.DE
- 1D
- 0.98%
- 1M
- 0.71%
- YTD
- 2.94%
- 6M
- 1.20%
- 1Y
- 21.17%
- 3Y*
- 21.53%
- 5Y*
- —
- 10Y*
- —
ZPDK.DE vs. WELX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZPDK.DE SPDR S&P U.S. Communication Services Select Sector UCITS ETF | 3.41% | 13.23% | 39.09% | 48.24% | -9.50% |
WELX.DE Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc | 2.94% | 16.08% | 35.06% | 46.63% | -6.87% |
Correlation
The correlation between ZPDK.DE and WELX.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.89 |
The correlation between ZPDK.DE and WELX.DE has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
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Return for Risk
ZPDK.DE vs. WELX.DE — Risk / Return Rank
ZPDK.DE
WELX.DE
ZPDK.DE vs. WELX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P U.S. Communication Services Select Sector UCITS ETF (ZPDK.DE) and Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc (WELX.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.
| ZPDK.DE | WELX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 1.42 | +0.84 |
| Martin ratioReturn relative to average drawdown | 7.91 | 4.34 | +3.57 |
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
| ZPDK.DE | WELX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.33 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 1.30 | -0.62 |
Drawdowns
ZPDK.DE vs. WELX.DE - Drawdown Comparison
The maximum ZPDK.DE drawdown since its inception was -36.98%, which is greater than WELX.DE's maximum drawdown of -25.19%. Use the drawdown chart below to compare losses from any high point for ZPDK.DE and WELX.DE.
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Drawdown Indicators
| ZPDK.DE | WELX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.98% | -25.19% | -11.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -14.88% | +6.58% |
Max Drawdown (3Y)Largest decline over 3 years | -21.88% | -25.19% | +3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -36.98% | — | — |
Current DrawdownCurrent decline from peak | -4.21% | -2.38% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -4.32% | -3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 4.86% | -2.49% |
Volatility
ZPDK.DE vs. WELX.DE - Volatility Comparison
SPDR S&P U.S. Communication Services Select Sector UCITS ETF (ZPDK.DE) and Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc (WELX.DE) have volatilities of 4.24% and 4.16%, 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
| ZPDK.DE | WELX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 4.16% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.60% | 10.85% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 15.84% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 18.43% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.48% | 18.43% | +1.05% |
ZPDK.DE vs. WELX.DE - Expense Ratio Comparison
ZPDK.DE has a 0.15% expense ratio, which is lower than WELX.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
ZPDK.DE vs. WELX.DE - Dividend Comparison
Neither ZPDK.DE nor WELX.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDK.DE and WELX.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDK.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDK.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for WELX.DE.
ZPDK.DE tracks S&P Communication Services Select Sector Daily Capped 25/20, while WELX.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Communication Services. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for ZPDK.DE and 0.18% for WELX.DE.
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