EXV8.DE vs. WELH.DE

Last updated Jun 5, 2026

EXV8.DE (iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)) and WELH.DE (Amundi S&P Global Industrials ESG UCITS ETF EUR Acc) are both Industrials Equities funds - EXV8.DE tracks the STOXX® Europe 600 Construction & Materials while WELH.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials. Both are passively managed. Over the past 3 years, EXV8.DE returned 15.58%/yr vs 17.39%/yr for WELH.DE. A 0.74 correlation means they provide meaningful diversification when combined. EXV8.DE charges 0.46%/yr vs 0.18%/yr for WELH.DE.

Performance

EXV8.DE vs. WELH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE) and Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EXV8.DE achieves a 1.00% return, which is significantly lower than WELH.DE's 15.64% return.

EXV8.DE

• 1D: 0.17%
• 1M: -1.18%
• YTD: 1.00%
• 6M: 3.34%
• 1Y: 7.54%
• 3Y*: 15.58%
• 5Y*: 9.70%
• 10Y*: 10.37%

WELH.DE

• 1D: 0.12%
• 1M: 2.21%
• YTD: 15.64%
• 6M: 15.67%
• 1Y: 24.04%
• 3Y*: 17.39%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EXV8.DE vs. WELH.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EXV8.DE iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)	1.00%	25.00%	6.42%	33.57%	11.55%
WELH.DE Amundi S&P Global Industrials ESG UCITS ETF EUR Acc	15.64%	9.85%	16.48%	19.96%	7.75%

Correlation

The correlation between EXV8.DE and WELH.DE is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.74

The correlation between EXV8.DE and WELH.DE has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.

Return for Risk

EXV8.DE vs. WELH.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EXV8.DE

EXV8.DE Risk / Return Rank: 15
EXV8.DE Sharpe Ratio Rank: 15
EXV8.DE Sortino Ratio Rank: 16
EXV8.DE Omega Ratio Rank: 15
EXV8.DE Calmar Ratio Rank: 15
EXV8.DE Martin Ratio Rank: 16

WELH.DE

WELH.DE Risk / Return Rank: 49
WELH.DE Sharpe Ratio Rank: 46
WELH.DE Sortino Ratio Rank: 50
WELH.DE Omega Ratio Rank: 46
WELH.DE Calmar Ratio Rank: 50
WELH.DE Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EXV8.DE vs. WELH.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE) and Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.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.

	EXV8.DE	WELH.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.38	1.60	-1.22
Sortino ratio: Return per unit of downside risk	0.70	2.42	-1.72
Omega ratio: Gain probability vs. loss probability	1.08	1.29	-0.21
Calmar ratio: Return relative to maximum drawdown	0.49	2.43	-1.94
Martin ratio: Return relative to average drawdown	1.50	8.98	-7.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXV8.DE vs. WELH.DE - Sharpe Ratio Comparison

The current EXV8.DE Sharpe Ratio is 0.38, which is lower than the WELH.DE Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of EXV8.DE and WELH.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EXV8.DE	WELH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	1.60	-1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	1.26	-0.82

Drawdowns

EXV8.DE vs. WELH.DE - Drawdown Comparison

The maximum EXV8.DE drawdown since its inception was -66.09%, which is greater than WELH.DE's maximum drawdown of -20.70%. Use the drawdown chart below to compare losses from any high point for EXV8.DE and WELH.DE.

Drawdown Indicators

	EXV8.DE	WELH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-66.09%	-20.70%	-45.39%
Max Drawdown (1Y) Largest decline over 1 year	-15.30%	-9.84%	-5.46%
Max Drawdown (3Y) Largest decline over 3 years	-16.83%	-20.70%	+3.87%
Max Drawdown (5Y) Largest decline over 5 years	-29.23%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.81%	—	—
Current Drawdown Current decline from peak	-6.66%	0.00%	-6.66%
Average Drawdown Average peak-to-trough decline	-15.00%	-2.65%	-12.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.00%	2.67%	+2.33%

Volatility

EXV8.DE vs. WELH.DE - Volatility Comparison

iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE) has a higher volatility of 6.24% compared to Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.DE) at 3.89%. This indicates that EXV8.DE's price experiences larger fluctuations and is considered to be riskier than WELH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXV8.DE	WELH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.24%	3.89%	+2.35%
Volatility (6M) Calculated over the trailing 6-month period	16.12%	12.20%	+3.92%
Volatility (1Y) Calculated over the trailing 1-year period	19.72%	14.98%	+4.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.47%	15.28%	+4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	15.28%	+4.98%

EXV8.DE vs. WELH.DE - Expense Ratio Comparison

EXV8.DE has a 0.46% expense ratio, which is higher than WELH.DE's 0.18% expense ratio.

Dividends

EXV8.DE vs. WELH.DE - Dividend Comparison

EXV8.DE's dividend yield for the trailing twelve months is around 1.39%, while WELH.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EXV8.DE iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)	1.39%	1.39%	1.69%	1.59%	1.78%	1.34%	0.53%	1.55%	1.66%	2.87%	2.80%	2.79%
WELH.DE Amundi S&P Global Industrials ESG UCITS ETF EUR Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EXV8.DE and WELH.DE in my portfolio?

EXV8.DE and WELH.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EXV8.DE or WELH.DE?

On fees, WELH.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EXV8.DE or WELH.DE?

WELH.DE is cheaper with a 0.18% expense ratio, compared with 0.46% for EXV8.DE.

What is the main difference between EXV8.DE and WELH.DE?

EXV8.DE tracks STOXX® Europe 600 Construction & Materials, while WELH.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.46% for EXV8.DE and 0.18% for WELH.DE.