E500.DE vs. WELE.DE

Last updated Jul 17, 2026

E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) and WELE.DE (Amundi S&P 500 Equal Weight ESG UCITS ETF Acc) are both exchange-traded funds - E500.DE is a S&P 500 fund tracking the S&P 500 Index, 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, E500.DE returned 17.22%/yr vs 12.23%/yr for WELE.DE. A 0.66 correlation means they provide meaningful diversification when combined. E500.DE charges 0.05%/yr vs 0.18%/yr for WELE.DE.

Performance

E500.DE vs. WELE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) and Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, E500.DE achieves a 7.93% return, which is significantly lower than WELE.DE's 12.47% return.

E500.DE

• 1D: -0.14%
• 1M: -0.33%
• 6M: 7.30%
• YTD: 7.93%
• 1Y: 19.26%
• 3Y*: 17.22%
• 5Y*: 10.31%
• 10Y*: 12.31%

WELE.DE

• 1D: 0.00%
• 1M: 2.03%
• 6M: 7.87%
• YTD: 12.47%
• 1Y: 22.43%
• 3Y*: 12.23%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

E500.DE vs. WELE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg)	7.93%	15.34%	22.74%	23.32%	1.92%
WELE.DE Amundi S&P 500 Equal Weight ESG UCITS ETF Acc	12.47%	0.70%	16.40%	10.64%	6.78%

Correlation

The correlation between E500.DE and WELE.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022	0.66

Over the past year, the correlation between E500.DE and WELE.DE has dropped to 0.46 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

E500.DE vs. WELE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

E500.DE

E500.DE Risk / Return Rank: 59
E500.DE Sharpe Ratio Rank: 59
E500.DE Sortino Ratio Rank: 62
E500.DE Omega Ratio Rank: 59
E500.DE Calmar Ratio Rank: 51
E500.DE Martin Ratio Rank: 63

WELE.DE

WELE.DE Risk / Return Rank: 80
WELE.DE Sharpe Ratio Rank: 79
WELE.DE Sortino Ratio Rank: 79
WELE.DE Omega Ratio Rank: 78
WELE.DE Calmar Ratio Rank: 83
WELE.DE Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

E500.DE vs. WELE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.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.

	E500.DE	WELE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.01	-0.43
Sortino ratio: Return per unit of downside risk	2.33	2.85	-0.52
Omega ratio: Gain probability vs. loss probability	1.29	1.37	-0.07
Calmar ratio: Return relative to maximum drawdown	2.08	3.59	-1.51
Martin ratio: Return relative to average drawdown	8.82	11.99	-3.17

E500.DE vs. WELE.DE - Sharpe Ratio Comparison

The current E500.DE Sharpe Ratio is 1.58, which is comparable to the WELE.DE Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of E500.DE and WELE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

E500.DE vs. WELE.DE - Drawdown Comparison

The maximum E500.DE drawdown since its inception was -34.19%, which is greater than WELE.DE's maximum drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for E500.DE and WELE.DE.

Drawdown Indicators

	E500.DE	WELE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.19%	-23.73%	-10.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.24%	-6.28%	-2.96%
Max Drawdown (3Y) Largest decline over 3 years	-18.50%	-23.73%	+5.23%
Max Drawdown (5Y) Largest decline over 5 years	-25.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.19%	—	—
Current Drawdown Current decline from peak	-1.28%	-0.96%	-0.32%
Average Drawdown Average peak-to-trough decline	-4.76%	-5.48%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	1.87%	+0.31%

Volatility

E500.DE vs. WELE.DE - Volatility Comparison

The current volatility for Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) is 2.84%, while Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) has a volatility of 3.11%. This indicates that E500.DE experiences smaller price fluctuations and is considered to be less risky than WELE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	E500.DE	WELE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	3.11%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	9.48%	7.88%	+1.60%
Volatility (1Y) Calculated over the trailing 1-year period	12.16%	11.42%	+0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.07%	14.34%	+1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.32%	14.34%	+1.98%

E500.DE vs. WELE.DE - Expense Ratio Comparison

E500.DE has a 0.05% expense ratio, which is lower than WELE.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

E500.DE vs. WELE.DE - Dividend Comparison

Neither E500.DE nor WELE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both E500.DE and WELE.DE in my portfolio?

E500.DE and WELE.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, E500.DE or WELE.DE?

On fees, E500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, E500.DE or WELE.DE?

E500.DE is cheaper with a 0.05% expense ratio, compared with 0.18% for WELE.DE.

What is the main difference between E500.DE and WELE.DE?

E500.DE is categorized as S&P 500, while WELE.DE is ESG. E500.DE tracks S&P 500 Index, while WELE.DE tracks S&P 500 Equal Weight ESG Leaders Select Index. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.05% for E500.DE and 0.18% for WELE.DE.