EUED.DE vs. WELE.DE
EUED.DE (iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist)) and WELE.DE (Amundi S&P 500 Equal Weight ESG UCITS ETF Acc) are both exchange-traded funds - EUED.DE is a Ultrashort Bond fund tracking the iBoxx MSCI ESG SRI EUR Liquid Investment Grade Ultrashort 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, EUED.DE returned 3.28%/yr vs 12.20%/yr for WELE.DE. At a 0.06 correlation, their price movements are largely independent. EUED.DE charges 0.09%/yr vs 0.18%/yr for WELE.DE.
Performance
EUED.DE vs. WELE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUED.DE achieves a 1.15% return, which is significantly lower than WELE.DE's 13.29% return.
EUED.DE
- 1D
- -0.20%
- 1M
- 0.17%
- 6M
- 0.95%
- YTD
- 1.15%
- 1Y
- 2.18%
- 3Y*
- 3.28%
- 5Y*
- 2.11%
- 10Y*
- —
WELE.DE
- 1D
- 0.00%
- 1M
- 2.66%
- 6M
- 9.14%
- YTD
- 13.29%
- 1Y
- 20.30%
- 3Y*
- 12.20%
- 5Y*
- —
- 10Y*
- —
EUED.DE vs. WELE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 1.15% | 2.56% | 4.11% | 3.40% | 0.40% |
WELE.DE Amundi S&P 500 Equal Weight ESG UCITS ETF Acc | 13.29% | 0.70% | 16.40% | 10.64% | 6.78% |
Correlation
The correlation between EUED.DE and WELE.DE is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | 0.06 |
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Return for Risk
EUED.DE vs. WELE.DE — Risk / Return Rank
EUED.DE
WELE.DE
EUED.DE vs. WELE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.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.
| EUED.DE | WELE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.33 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 10.92 | 3.25 | +7.67 |
| Martin ratioReturn relative to average drawdown | 24.04 | 10.86 | +13.18 |
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Drawdowns
EUED.DE vs. WELE.DE - Drawdown Comparison
The maximum EUED.DE drawdown since its inception was -3.54%, smaller than the maximum WELE.DE drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for EUED.DE and WELE.DE.
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Drawdown Indicators
| EUED.DE | WELE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.54% | -23.73% | +20.19% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -6.28% | +6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -0.39% | -23.73% | +23.34% |
Max Drawdown (5Y)Largest decline over 5 years | -1.20% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.23% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -5.48% | +4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 1.87% | -1.78% |
Volatility
EUED.DE vs. WELE.DE - Volatility Comparison
The current volatility for iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.DE) is 0.35%, while Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) has a volatility of 3.17%. This indicates that EUED.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.
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Volatility by Period
| EUED.DE | WELE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 3.17% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 1.03% | 7.89% | -6.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.57% | 11.22% | -9.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 14.34% | -12.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.51% | 14.34% | -11.83% |
EUED.DE vs. WELE.DE - Expense Ratio Comparison
EUED.DE has a 0.09% 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
EUED.DE vs. WELE.DE - Dividend Comparison
EUED.DE's dividend yield for the trailing twelve months is around 2.36%, while WELE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 2.36% | 2.74% | 3.86% | 2.75% | 0.00% | 0.00% | 0.11% |
WELE.DE Amundi S&P 500 Equal Weight ESG UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUED.DE and WELE.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUED.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUED.DE is cheaper with a 0.09% expense ratio, compared with 0.18% for WELE.DE.
EUED.DE is categorized as Ultrashort Bond, while WELE.DE is ESG. EUED.DE tracks iBoxx MSCI ESG SRI EUR Liquid Investment Grade Ultrashort Index, 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: 0.09% for EUED.DE and 0.18% for WELE.DE.
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