EWSP.L vs. WELE.DE
EWSP.L (iShares S&P 500 Equal Weight UCITS ETF USD (Acc)) and WELE.DE (Amundi S&P 500 Equal Weight ESG UCITS ETF Acc) are both S&P 500 funds - EWSP.L tracks the S&P 500 Equal Weight Index while WELE.DE tracks the S&P 500 Equal Weight ESG Leaders Select. Both are passively managed. Over the past 3 years, EWSP.L returned 12.30%/yr vs 11.40%/yr for WELE.DE. Their correlation of 0.92 suggests significant overlap in exposure. EWSP.L charges 0.20%/yr vs 0.18%/yr for WELE.DE.
Performance
EWSP.L vs. WELE.DE - Performance Comparison
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Different Trading Currencies
EWSP.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, EWSP.L achieves a 9.60% return, which is significantly higher than WELE.DE's 7.59% return.
EWSP.L
- 1D
- 0.41%
- 1M
- 4.78%
- YTD
- 9.60%
- 6M
- 10.10%
- 1Y
- 21.05%
- 3Y*
- 12.30%
- 5Y*
- —
- 10Y*
- —
WELE.DE
- 1D
- 0.53%
- 1M
- 5.05%
- YTD
- 7.59%
- 6M
- 8.83%
- 1Y
- 21.27%
- 3Y*
- 11.40%
- 5Y*
- —
- 10Y*
- —
EWSP.L vs. WELE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EWSP.L iShares S&P 500 Equal Weight UCITS ETF USD (Acc) | 9.60% | 3.96% | 14.13% | 7.72% | -1.67% |
WELE.DE Amundi S&P 500 Equal Weight ESG UCITS ETF Acc | 7.59% | 5.94% | 11.33% | 8.43% | -0.79% |
Correlation
The correlation between EWSP.L and WELE.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2022 | 0.92 |
The correlation between EWSP.L and WELE.DE has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
EWSP.L vs. WELE.DE — Risk / Return Rank
EWSP.L
WELE.DE
EWSP.L vs. WELE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.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.
| EWSP.L | WELE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 3.15 | +0.53 |
| Martin ratioReturn relative to average drawdown | 11.84 | 10.50 | +1.35 |
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
| EWSP.L | WELE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.94 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.77 | -0.11 |
Drawdowns
EWSP.L vs. WELE.DE - Drawdown Comparison
The maximum EWSP.L drawdown since its inception was -19.59%, smaller than the maximum WELE.DE drawdown of -22.03%. Use the drawdown chart below to compare losses from any high point for EWSP.L and WELE.DE.
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Drawdown Indicators
| EWSP.L | WELE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.59% | -22.03% | +2.44% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -6.72% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -22.03% | +2.44% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -4.58% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.02% | -0.25% |
Volatility
EWSP.L vs. WELE.DE - Volatility Comparison
The current volatility for iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L) is 1.96%, while Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) has a volatility of 2.44%. This indicates that EWSP.L 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
| EWSP.L | WELE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 2.44% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 6.50% | 7.51% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 10.89% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.22% | 14.09% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.22% | 14.09% | -0.87% |
EWSP.L vs. WELE.DE - Expense Ratio Comparison
EWSP.L has a 0.20% expense ratio, which is higher than WELE.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EWSP.L vs. WELE.DE - Dividend Comparison
Neither EWSP.L nor WELE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, EWSP.L and WELE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, WELE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELE.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for EWSP.L.
EWSP.L tracks S&P 500 Equal Weight Index, while WELE.DE tracks S&P 500 Equal Weight ESG Leaders Select. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for EWSP.L and 0.18% for WELE.DE.
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