ZPDU.DE vs. WELQ.DE
ZPDU.DE (SPDR S&P US Utilities Select Sector UCITS ETF) and WELQ.DE (Amundi S&P Global Utilities ESG UCITS ETF EUR Dist) are both Utilities Equities funds - ZPDU.DE tracks the S&P Utilities Select Sector while WELQ.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Utilities. Both are passively managed. Over the past 3 years, ZPDU.DE returned 9.55%/yr vs 11.14%/yr for WELQ.DE. Their correlation of 0.81 suggests significant overlap in exposure. ZPDU.DE charges 0.15%/yr vs 0.18%/yr for WELQ.DE.
Performance
ZPDU.DE vs. WELQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDU.DE achieves a 2.85% return, which is significantly lower than WELQ.DE's 6.91% return.
ZPDU.DE
- 1D
- -2.27%
- 1M
- -6.18%
- YTD
- 2.85%
- 6M
- 0.22%
- 1Y
- 6.67%
- 3Y*
- 9.55%
- 5Y*
- 9.42%
- 10Y*
- 8.25%
WELQ.DE
- 1D
- -0.97%
- 1M
- -5.16%
- YTD
- 6.91%
- 6M
- 5.64%
- 1Y
- 15.91%
- 3Y*
- 11.14%
- 5Y*
- —
- 10Y*
- —
ZPDU.DE vs. WELQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZPDU.DE SPDR S&P US Utilities Select Sector UCITS ETF | 2.85% | 2.83% | 29.87% | -11.25% | 2.15% |
WELQ.DE Amundi S&P Global Utilities ESG UCITS ETF EUR Dist | 6.91% | 18.60% | 9.91% | 1.75% | 9.13% |
Correlation
The correlation between ZPDU.DE and WELQ.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.81 |
The correlation between ZPDU.DE and WELQ.DE has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.
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Return for Risk
ZPDU.DE vs. WELQ.DE — Risk / Return Rank
ZPDU.DE
WELQ.DE
ZPDU.DE vs. WELQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Utilities Select Sector UCITS ETF (ZPDU.DE) and Amundi S&P Global Utilities ESG UCITS ETF EUR Dist (WELQ.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.
| ZPDU.DE | WELQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.22 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 2.36 | -1.64 |
| Martin ratioReturn relative to average drawdown | 1.49 | 6.63 | -5.13 |
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
| ZPDU.DE | WELQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 1.32 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.97 | -0.49 |
Drawdowns
ZPDU.DE vs. WELQ.DE - Drawdown Comparison
The maximum ZPDU.DE drawdown since its inception was -35.80%, which is greater than WELQ.DE's maximum drawdown of -13.98%. Use the drawdown chart below to compare losses from any high point for ZPDU.DE and WELQ.DE.
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Drawdown Indicators
| ZPDU.DE | WELQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.80% | -13.98% | -21.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.21% | -6.71% | -2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -16.75% | -12.52% | -4.23% |
Max Drawdown (5Y)Largest decline over 5 years | -29.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | — | — |
Current DrawdownCurrent decline from peak | -8.80% | -6.53% | -2.27% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -3.14% | -5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 2.39% | +2.07% |
Volatility
ZPDU.DE vs. WELQ.DE - Volatility Comparison
SPDR S&P US Utilities Select Sector UCITS ETF (ZPDU.DE) has a higher volatility of 5.03% compared to Amundi S&P Global Utilities ESG UCITS ETF EUR Dist (WELQ.DE) at 4.07%. This indicates that ZPDU.DE's price experiences larger fluctuations and is considered to be riskier than WELQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDU.DE | WELQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 4.07% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 10.01% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.59% | 12.01% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 13.00% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 13.00% | +5.31% |
ZPDU.DE vs. WELQ.DE - Expense Ratio Comparison
ZPDU.DE has a 0.15% expense ratio, which is lower than WELQ.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
ZPDU.DE vs. WELQ.DE - Dividend Comparison
ZPDU.DE has not paid dividends to shareholders, while WELQ.DE's dividend yield for the trailing twelve months is around 2.60%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
WELQ.DE Amundi S&P Global Utilities ESG UCITS ETF EUR Dist | 2.60% | 2.85% | 3.42% | 0.57% |
ZPDU.DE SPDR S&P US Utilities Select Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPDU.DE and WELQ.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDU.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDU.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for WELQ.DE.
ZPDU.DE tracks S&P Utilities Select Sector, while WELQ.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Utilities. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for ZPDU.DE and 0.18% for WELQ.DE.
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