CBUH.DE vs. WELE.DE
CBUH.DE (iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc) and WELE.DE (Amundi S&P 500 Equal Weight ESG UCITS ETF Acc) are both exchange-traded funds - CBUH.DE is a Momentum fund tracking the MSCI World Momentum ESG Reduced Carbon Target Select, while WELE.DE is a ESG fund tracking the S&P 500 Equal Weight ESG Leaders Select Index. Both are passively managed. Over the past 3 years, CBUH.DE returned 24.20%/yr vs 12.68%/yr for WELE.DE. A 0.64 correlation means they provide meaningful diversification when combined. CBUH.DE charges 0.30%/yr vs 0.18%/yr for WELE.DE.
Performance
CBUH.DE vs. WELE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBUH.DE achieves a 26.83% return, which is significantly higher than WELE.DE's 12.37% return.
CBUH.DE
- 1D
- 0.41%
- 1M
- 3.26%
- YTD
- 26.83%
- 6M
- 27.05%
- 1Y
- 37.88%
- 3Y*
- 24.20%
- 5Y*
- —
- 10Y*
- —
WELE.DE
- 1D
- 0.00%
- 1M
- 5.09%
- YTD
- 12.37%
- 6M
- 13.05%
- 1Y
- 22.80%
- 3Y*
- 12.68%
- 5Y*
- —
- 10Y*
- —
CBUH.DE vs. WELE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUH.DE iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc | 26.83% | 7.89% | 28.81% | 13.46% | 3.70% |
WELE.DE Amundi S&P 500 Equal Weight ESG UCITS ETF Acc | 12.37% | 0.70% | 16.40% | 10.64% | 6.78% |
Correlation
The correlation between CBUH.DE and WELE.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | 0.64 |
The correlation between CBUH.DE and WELE.DE shifts across timeframes, from 0.47 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CBUH.DE vs. WELE.DE — Risk / Return Rank
CBUH.DE
WELE.DE
CBUH.DE vs. WELE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) and Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.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.
| CBUH.DE | WELE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 3.65 | +0.32 |
| Martin ratioReturn relative to average drawdown | 16.41 | 12.10 | +4.31 |
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Drawdowns
CBUH.DE vs. WELE.DE - Drawdown Comparison
The maximum CBUH.DE drawdown since its inception was -22.65%, roughly equal to the maximum WELE.DE drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for CBUH.DE and WELE.DE.
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Drawdown Indicators
| CBUH.DE | WELE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.65% | -23.73% | +1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -6.28% | -3.23% |
Max Drawdown (3Y)Largest decline over 3 years | -22.65% | -23.73% | +1.08% |
Current DrawdownCurrent decline from peak | -0.68% | 0.00% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -5.55% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 1.89% | +0.41% |
Volatility
CBUH.DE vs. WELE.DE - Volatility Comparison
iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) has a higher volatility of 4.81% compared to Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) at 2.45%. This indicates that CBUH.DE's price experiences larger fluctuations and is considered to be riskier than WELE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBUH.DE | WELE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 2.45% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 7.84% | +5.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 11.50% | +5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 14.39% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 14.39% | +2.64% |
CBUH.DE vs. WELE.DE - Expense Ratio Comparison
CBUH.DE has a 0.30% expense ratio, which is higher than WELE.DE's 0.18% expense ratio.
Dividends
CBUH.DE vs. WELE.DE - Dividend Comparison
Neither CBUH.DE nor WELE.DE has paid dividends to shareholders.
Frequently Asked Questions
CBUH.DE and WELE.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELE.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for CBUH.DE.
CBUH.DE is categorized as Momentum, while WELE.DE is ESG. CBUH.DE tracks MSCI World Momentum ESG Reduced Carbon Target Select, while WELE.DE tracks S&P 500 Equal Weight ESG Leaders Select Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.30% for CBUH.DE and 0.18% for WELE.DE.
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