EDG2.L vs. WELE.DE
EDG2.L (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) and WELE.DE (Amundi S&P 500 Equal Weight ESG UCITS ETF Acc) are both exchange-traded funds - EDG2.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while WELE.DE is a S&P 500 fund tracking the S&P 500 Equal Weight ESG Leaders Select. Both are passively managed. Over the past 3 years, EDG2.L returned 20.29%/yr vs 11.40%/yr for WELE.DE. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
EDG2.L vs. WELE.DE - Performance Comparison
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Different Trading Currencies
EDG2.L is traded in GBP, while WELE.DE is traded in EUR. To make them comparable, the WELE.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EDG2.L achieves a 25.10% return, which is significantly higher than WELE.DE's 7.59% return.
EDG2.L
- 1D
- -1.36%
- 1M
- 6.61%
- YTD
- 25.10%
- 6M
- 26.84%
- 1Y
- 51.62%
- 3Y*
- 20.29%
- 5Y*
- 7.75%
- 10Y*
- —
WELE.DE
- 1D
- 0.53%
- 1M
- 5.05%
- YTD
- 7.59%
- 6M
- 8.83%
- 1Y
- 21.27%
- 3Y*
- 11.40%
- 5Y*
- —
- 10Y*
- —
EDG2.L vs. WELE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EDG2.L iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 25.10% | 26.14% | 8.61% | 2.17% | -3.74% |
WELE.DE Amundi S&P 500 Equal Weight ESG UCITS ETF Acc | 7.59% | 5.94% | 11.33% | 8.43% | 9.74% |
Correlation
The correlation between EDG2.L and WELE.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022 | 0.40 |
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Return for Risk
EDG2.L vs. WELE.DE — Risk / Return Rank
EDG2.L
WELE.DE
EDG2.L vs. WELE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDG2.L) 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.
| EDG2.L | WELE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.35 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.54 | 3.15 | +1.39 |
| Martin ratioReturn relative to average drawdown | 15.95 | 10.50 | +5.45 |
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
| EDG2.L | WELE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.00 | 1.94 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.77 | -0.25 |
Drawdowns
EDG2.L vs. WELE.DE - Drawdown Comparison
The maximum EDG2.L drawdown since its inception was -28.22%, which is greater than WELE.DE's maximum drawdown of -22.03%. Use the drawdown chart below to compare losses from any high point for EDG2.L and WELE.DE.
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Drawdown Indicators
| EDG2.L | WELE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.22% | -22.03% | -6.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -6.72% | -4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -15.35% | -22.03% | +6.68% |
Max Drawdown (5Y)Largest decline over 5 years | -25.03% | — | — |
Current DrawdownCurrent decline from peak | -2.52% | 0.00% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -12.12% | -4.58% | -7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.02% | +1.21% |
Volatility
EDG2.L vs. WELE.DE - Volatility Comparison
iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDG2.L) has a higher volatility of 7.51% compared to Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) at 2.44%. This indicates that EDG2.L'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
| EDG2.L | WELE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 2.44% | +5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 7.51% | +7.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 10.89% | +6.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 14.09% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 14.09% | +3.82% |
EDG2.L vs. WELE.DE - Expense Ratio Comparison
Both EDG2.L and WELE.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EDG2.L vs. WELE.DE - Dividend Comparison
Neither EDG2.L nor WELE.DE has paid dividends to shareholders.
Frequently Asked Questions
EDG2.L and WELE.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EDG2.L and WELE.DE have the same expense ratio: 0.18% per year.
EDG2.L is categorized as Emerging Markets Equities, while WELE.DE is S&P 500. EDG2.L tracks MSCI EM NR USD, while WELE.DE tracks S&P 500 Equal Weight ESG Leaders Select. They also come from different issuers: iShares and Amundi.
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