EDM2.DE vs. WELI.DE
EDM2.DE (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) and WELI.DE (Amundi S&P Global Materials ESG UCITS ETF EUR Acc) are both exchange-traded funds - EDM2.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ESG Enhanced Focus, while WELI.DE is a Industrials Equities fund tracking the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials. Both are passively managed. Over the past 3 years, EDM2.DE returned 20.29%/yr vs 13.20%/yr for WELI.DE. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
EDM2.DE vs. WELI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EDM2.DE achieves a 26.35% return, which is significantly higher than WELI.DE's 16.84% return.
EDM2.DE
- 1D
- -1.45%
- 1M
- 3.82%
- YTD
- 26.35%
- 6M
- 26.81%
- 1Y
- 46.28%
- 3Y*
- 20.29%
- 5Y*
- 7.59%
- 10Y*
- —
WELI.DE
- 1D
- -0.41%
- 1M
- 2.27%
- YTD
- 16.84%
- 6M
- 21.11%
- 1Y
- 32.05%
- 3Y*
- 13.20%
- 5Y*
- —
- 10Y*
- —
EDM2.DE vs. WELI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 26.35% | 19.81% | 13.36% | 4.56% | 1.90% |
WELI.DE Amundi S&P Global Materials ESG UCITS ETF EUR Acc | 16.84% | 14.91% | -0.52% | 10.29% | 9.11% |
Correlation
The correlation between EDM2.DE and WELI.DE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.58 |
The correlation between EDM2.DE and WELI.DE has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
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Return for Risk
EDM2.DE vs. WELI.DE — Risk / Return Rank
EDM2.DE
WELI.DE
EDM2.DE vs. WELI.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) (EDM2.DE) and Amundi S&P Global Materials ESG UCITS ETF EUR Acc (WELI.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.
| EDM2.DE | WELI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.31 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 2.21 | +2.11 |
| Martin ratioReturn relative to average drawdown | 15.65 | 8.95 | +6.70 |
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
| EDM2.DE | WELI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 1.78 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.86 | -0.37 |
Drawdowns
EDM2.DE vs. WELI.DE - Drawdown Comparison
The maximum EDM2.DE drawdown since its inception was -32.32%, which is greater than WELI.DE's maximum drawdown of -21.14%. Use the drawdown chart below to compare losses from any high point for EDM2.DE and WELI.DE.
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Drawdown Indicators
| EDM2.DE | WELI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.32% | -21.14% | -11.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.88% | -14.69% | +3.81% |
Max Drawdown (3Y)Largest decline over 3 years | -19.52% | -21.14% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -25.43% | — | — |
Current DrawdownCurrent decline from peak | -2.66% | -1.73% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -4.51% | -6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 3.63% | -0.62% |
Volatility
EDM2.DE vs. WELI.DE - Volatility Comparison
iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) has a higher volatility of 7.43% compared to Amundi S&P Global Materials ESG UCITS ETF EUR Acc (WELI.DE) at 6.48%. This indicates that EDM2.DE's price experiences larger fluctuations and is considered to be riskier than WELI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDM2.DE | WELI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 6.48% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 15.11% | 15.53% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.92% | 18.23% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 16.10% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 16.10% | +3.03% |
EDM2.DE vs. WELI.DE - Expense Ratio Comparison
Both EDM2.DE and WELI.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
EDM2.DE vs. WELI.DE - Dividend Comparison
Neither EDM2.DE nor WELI.DE has paid dividends to shareholders.
Frequently Asked Questions
EDM2.DE and WELI.DE have a correlation of 0.53, 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.
EDM2.DE and WELI.DE have the same expense ratio: 0.18% per year.
EDM2.DE is categorized as Emerging Markets Equities, while WELI.DE is Industrials Equities. EDM2.DE tracks MSCI Emerging Markets ESG Enhanced Focus, while WELI.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials. They also come from different issuers: iShares and Amundi.
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