FCO2.DE vs. W311.DE
FCO2.DE (HANetf SparkChange Physical Carbon EUA ETC) and W311.DE (HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF) are both exchange-traded funds - FCO2.DE is a Commodities fund tracking the EU Carbon Emission Allowances (EUA), while W311.DE is a Health & Biotech Equities fund tracking the Indxx Global NextGen Healthcare. Both are passively managed. Over the past 3 years, FCO2.DE returned -3.01%/yr vs -2.49%/yr for W311.DE. At a 0.05 correlation, their price movements are largely independent. FCO2.DE charges 0.89%/yr vs 0.59%/yr for W311.DE.
Performance
FCO2.DE vs. W311.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FCO2.DE achieves a -10.46% return, which is significantly lower than W311.DE's -3.63% return.
FCO2.DE
- 1D
- -2.02%
- 1M
- 2.15%
- YTD
- -10.46%
- 6M
- -8.03%
- 1Y
- 4.93%
- 3Y*
- -3.01%
- 5Y*
- —
- 10Y*
- —
W311.DE
- 1D
- 3.38%
- 1M
- 1.14%
- YTD
- -3.63%
- 6M
- -7.26%
- 1Y
- 11.36%
- 3Y*
- -2.49%
- 5Y*
- -5.98%
- 10Y*
- —
FCO2.DE vs. W311.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FCO2.DE HANetf SparkChange Physical Carbon EUA ETC | -10.46% | 20.70% | -11.00% | -5.14% | -0.32% |
W311.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF | -3.63% | 7.18% | -4.84% | -0.30% | 4.39% |
Correlation
The correlation between FCO2.DE and W311.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022 | 0.05 |
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Return for Risk
FCO2.DE vs. W311.DE — Risk / Return Rank
FCO2.DE
W311.DE
FCO2.DE vs. W311.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf SparkChange Physical Carbon EUA ETC (FCO2.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.
| FCO2.DE | W311.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.11 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 0.69 | -0.53 |
| Martin ratioReturn relative to average drawdown | 0.41 | 1.61 | -1.20 |
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
| FCO2.DE | W311.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 0.59 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | -0.02 | -0.05 |
Drawdowns
FCO2.DE vs. W311.DE - Drawdown Comparison
The maximum FCO2.DE drawdown since its inception was -48.49%, roughly equal to the maximum W311.DE drawdown of -48.92%. Use the drawdown chart below to compare losses from any high point for FCO2.DE and W311.DE.
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Drawdown Indicators
| FCO2.DE | W311.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.49% | -48.92% | +0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -31.46% | -16.09% | -15.37% |
Max Drawdown (3Y)Largest decline over 3 years | -45.60% | -28.36% | -17.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.92% | — |
Current DrawdownCurrent decline from peak | -24.40% | -35.40% | +11.00% |
Average DrawdownAverage peak-to-trough decline | -23.38% | -23.20% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.41% | 6.93% | +5.48% |
Volatility
FCO2.DE vs. W311.DE - Volatility Comparison
The current volatility for HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE) is 5.99%, while HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (W311.DE) has a volatility of 6.31%. This indicates that FCO2.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
| FCO2.DE | W311.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 6.31% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 22.94% | 13.92% | +9.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.69% | 18.96% | +7.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.04% | 22.38% | +11.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.04% | 22.73% | +11.31% |
FCO2.DE vs. W311.DE - Expense Ratio Comparison
FCO2.DE has a 0.89% expense ratio, which is higher than W311.DE's 0.59% expense ratio.
Dividends
FCO2.DE vs. W311.DE - Dividend Comparison
Neither FCO2.DE nor W311.DE has paid dividends to shareholders.
Frequently Asked Questions
FCO2.DE and W311.DE have a correlation of 0.13, 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 0.89% for FCO2.DE.
FCO2.DE is categorized as Commodities, while W311.DE is Health & Biotech Equities. FCO2.DE tracks EU Carbon Emission Allowances (EUA), while W311.DE tracks Indxx Global NextGen Healthcare. Their fees differ too: 0.89% for FCO2.DE and 0.59% for W311.DE.
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