ESGP.DE vs. W311.DE
ESGP.DE (Gold Miners Screened UCITS ETF) and W311.DE (HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF) are both exchange-traded funds - ESGP.DE is a Gold fund tracking the VettaFi Gold Miners Screened Index, while W311.DE is a Health & Biotech Equities fund tracking the Indxx Global NextGen Healthcare. Both are passively managed. Over the past 3 years, ESGP.DE returned 10.79%/yr vs 1.48%/yr for W311.DE. A 0.51 correlation means they provide meaningful diversification when combined. ESGP.DE charges 0.60%/yr vs 0.59%/yr for W311.DE.
Performance
ESGP.DE vs. W311.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESGP.DE achieves a 11.07% return, which is significantly higher than W311.DE's 5.72% return.
ESGP.DE
- 1D
- 0.00%
- 1M
- 3.62%
- 6M
- 9.14%
- YTD
- 11.07%
- 1Y
- 15.42%
- 3Y*
- 10.79%
- 5Y*
- —
- 10Y*
- —
W311.DE
- 1D
- 0.14%
- 1M
- 8.42%
- 6M
- 2.56%
- YTD
- 5.72%
- 1Y
- 19.57%
- 3Y*
- 1.48%
- 5Y*
- -5.51%
- 10Y*
- —
ESGP.DE vs. W311.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESGP.DE Gold Miners Screened UCITS ETF | 11.07% | 5.79% | 12.94% | 2.10% | -2.36% | 2.90% |
W311.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF | 5.72% | 7.06% | -4.78% | -0.30% | -25.94% | -6.50% |
Correlation
The correlation between ESGP.DE and W311.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021 | 0.51 |
Over the past year, the correlation between ESGP.DE and W311.DE has dropped to 0.26 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
ESGP.DE vs. W311.DE — Risk / Return Rank
ESGP.DE
W311.DE
ESGP.DE vs. W311.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Miners Screened UCITS ETF (ESGP.DE) and HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (W311.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.
| ESGP.DE | W311.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.22 | +1.24 |
| Martin ratioReturn relative to average drawdown | 6.94 | 2.74 | +4.20 |
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Drawdowns
ESGP.DE vs. W311.DE - Drawdown Comparison
The maximum ESGP.DE drawdown since its inception was -20.50%, smaller than the maximum W311.DE drawdown of -48.92%. Use the drawdown chart below to compare losses from any high point for ESGP.DE and W311.DE.
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Drawdown Indicators
| ESGP.DE | W311.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.50% | -48.92% | +28.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -16.00% | +9.69% |
Max Drawdown (3Y)Largest decline over 3 years | -20.50% | -26.45% | +5.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -29.17% | +29.17% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -23.85% | +18.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 7.13% | -4.90% |
Volatility
ESGP.DE vs. W311.DE - Volatility Comparison
The current volatility for Gold Miners Screened UCITS ETF (ESGP.DE) is 2.19%, while HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (W311.DE) has a volatility of 6.06%. This indicates that ESGP.DE experiences smaller price fluctuations and is considered to be less risky than W311.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGP.DE | W311.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 6.06% | -3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 14.01% | -4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 19.17% | -7.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 22.46% | -8.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.44% | 23.05% | -8.61% |
ESGP.DE vs. W311.DE - Expense Ratio Comparison
ESGP.DE has a 0.60% expense ratio, which is higher than W311.DE's 0.59% expense ratio.
Dividends
ESGP.DE vs. W311.DE - Dividend Comparison
Neither ESGP.DE nor W311.DE has paid dividends to shareholders.
Frequently Asked Questions
ESGP.DE and W311.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, W311.DE is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
W311.DE is cheaper with a 0.59% expense ratio, compared with 0.60% for ESGP.DE.
ESGP.DE is categorized as Gold, while W311.DE is Health & Biotech Equities. ESGP.DE tracks VettaFi Gold Miners Screened Index, while W311.DE tracks Indxx Global NextGen Healthcare. Their fees differ too: 0.60% for ESGP.DE and 0.59% for W311.DE.
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