ZPRX.DE vs. WELN.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and WELN.DE (Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc) are both exchange-traded funds - ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted, while WELN.DE is a Energy Equities fund tracking the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. Both are passively managed. Over the past 3 years, ZPRX.DE returned 15.20%/yr vs 13.03%/yr for WELN.DE. At a 0.23 correlation, their price movements are largely independent. ZPRX.DE charges 0.30%/yr vs 0.18%/yr for WELN.DE.
Performance
ZPRX.DE vs. WELN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRX.DE achieves a 9.27% return, which is significantly lower than WELN.DE's 28.89% return.
ZPRX.DE
- 1D
- 0.85%
- 1M
- 0.64%
- 6M
- 5.54%
- YTD
- 9.27%
- 1Y
- 16.24%
- 3Y*
- 15.20%
- 5Y*
- 9.01%
- 10Y*
- 8.95%
WELN.DE
- 1D
- -0.82%
- 1M
- 0.42%
- 6M
- 20.83%
- YTD
- 28.89%
- 1Y
- 35.01%
- 3Y*
- 13.03%
- 5Y*
- —
- 10Y*
- —
ZPRX.DE vs. WELN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 9.27% | 26.81% | 4.29% | 15.26% | 4.48% |
WELN.DE Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc | 28.89% | -1.40% | 8.67% | -0.38% | 5.40% |
Correlation
The correlation between ZPRX.DE and WELN.DE is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.23 |
The correlation between ZPRX.DE and WELN.DE shifts across timeframes, from -0.10 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRX.DE vs. WELN.DE — Risk / Return Rank
ZPRX.DE
WELN.DE
ZPRX.DE vs. WELN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) and Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.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.
| ZPRX.DE | WELN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.30 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.68 | -1.29 |
| Martin ratioReturn relative to average drawdown | 5.03 | 7.39 | -2.36 |
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Drawdowns
ZPRX.DE vs. WELN.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than WELN.DE's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and WELN.DE.
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Drawdown Indicators
| ZPRX.DE | WELN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -23.24% | -20.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -13.01% | +1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -23.24% | +7.29% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -8.40% | +8.22% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -7.81% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 4.72% | -1.50% |
Volatility
ZPRX.DE vs. WELN.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 3.69%, while Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) has a volatility of 6.25%. This indicates that ZPRX.DE experiences smaller price fluctuations and is considered to be less risky than WELN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRX.DE | WELN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 6.25% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 17.25% | -5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 20.25% | -6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 20.35% | -3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 20.35% | -2.77% |
ZPRX.DE vs. WELN.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than WELN.DE's 0.18% expense ratio.
Dividends
ZPRX.DE vs. WELN.DE - Dividend Comparison
Neither ZPRX.DE nor WELN.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and WELN.DE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELN.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELN.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for ZPRX.DE.
ZPRX.DE is categorized as Europe Equities, while WELN.DE is Energy Equities. ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while WELN.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.30% for ZPRX.DE and 0.18% for WELN.DE.
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