2B78.DE vs. WELP.DE
2B78.DE (iShares Healthcare Innovation UCITS ETF) and WELP.DE (HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF) are both Health & Biotech Equities funds - 2B78.DE tracks the iSTOXX® FactSet Breakthrough Healthcare while WELP.DE tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, 2B78.DE returned 6.56%/yr vs 12.49%/yr for WELP.DE. At a 0.16 correlation, their price movements are largely independent. 2B78.DE charges 0.40%/yr vs 0.59%/yr for WELP.DE.
Performance
2B78.DE vs. WELP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 2B78.DE achieves a 6.74% return, which is significantly lower than WELP.DE's 25.35% return.
2B78.DE
- 1D
- 1.35%
- 1M
- 8.85%
- YTD
- 6.74%
- 6M
- 6.60%
- 1Y
- 27.75%
- 3Y*
- 6.56%
- 5Y*
- -1.46%
- 10Y*
- —
WELP.DE
- 1D
- 0.00%
- 1M
- -7.19%
- YTD
- 25.35%
- 6M
- 26.72%
- 1Y
- 34.31%
- 3Y*
- 12.49%
- 5Y*
- —
- 10Y*
- —
2B78.DE vs. WELP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
2B78.DE iShares Healthcare Innovation UCITS ETF | 6.74% | 5.61% | 7.18% | -0.29% | -2.01% |
WELP.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF | 25.35% | -1.54% | 7.90% | 0.25% | 5.34% |
Correlation
The correlation between 2B78.DE and WELP.DE is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.16 |
The correlation between 2B78.DE and WELP.DE shifts across timeframes, from -0.10 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
2B78.DE vs. WELP.DE — Risk / Return Rank
2B78.DE
WELP.DE
2B78.DE vs. WELP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Healthcare Innovation UCITS ETF (2B78.DE) and HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.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.
| 2B78.DE | WELP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 2.80 | -0.49 |
| Martin ratioReturn relative to average drawdown | 5.65 | 8.57 | -2.92 |
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Drawdowns
2B78.DE vs. WELP.DE - Drawdown Comparison
The maximum 2B78.DE drawdown since its inception was -38.59%, which is greater than WELP.DE's maximum drawdown of -23.55%. Use the drawdown chart below to compare losses from any high point for 2B78.DE and WELP.DE.
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Drawdown Indicators
| 2B78.DE | WELP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.59% | -23.55% | -15.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -12.22% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -25.32% | -23.55% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -37.03% | — | — |
Current DrawdownCurrent decline from peak | -11.68% | -11.07% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -15.27% | -7.79% | -7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 3.99% | +0.91% |
Volatility
2B78.DE vs. WELP.DE - Volatility Comparison
The current volatility for iShares Healthcare Innovation UCITS ETF (2B78.DE) is 5.25%, while HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.DE) has a volatility of 6.59%. This indicates that 2B78.DE experiences smaller price fluctuations and is considered to be less risky than WELP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2B78.DE | WELP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 6.59% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 16.90% | -4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.31% | 19.54% | -3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.97% | 20.07% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.93% | 20.07% | -0.14% |
2B78.DE vs. WELP.DE - Expense Ratio Comparison
2B78.DE has a 0.40% expense ratio, which is lower than WELP.DE's 0.59% expense ratio.
Dividends
2B78.DE vs. WELP.DE - Dividend Comparison
2B78.DE has not paid dividends to shareholders, while WELP.DE's dividend yield for the trailing twelve months is around 3.05%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
2B78.DE iShares Healthcare Innovation UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
WELP.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF | 3.05% | 3.78% | 3.64% | 0.79% |
Frequently Asked Questions
2B78.DE and WELP.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, 2B78.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B78.DE is cheaper with a 0.40% expense ratio, compared with 0.59% for WELP.DE.
2B78.DE tracks iSTOXX® FactSet Breakthrough Healthcare, while WELP.DE tracks MSCI World/Energy NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for 2B78.DE and 0.59% for WELP.DE.
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