FDHT vs. WELG.DE
Compare and contrast key facts about Fidelity Digital Health ETF (FDHT) and Amundi S&P Global Health Care ESG UCITS ETF EUR Dist (WELG.DE).
FDHT and WELG.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDHT is a passively managed fund by Fidelity that tracks the performance of the Fidelity Digital Health Index. It was launched on Oct 5, 2021. WELG.DE is a passively managed fund by Amundi that tracks the performance of the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Health Care. It was launched on Sep 20, 2022. Both FDHT and WELG.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDHT or WELG.DE.
Key characteristics
| FDHT | WELG.DE | |
|---|---|---|
| YTD Return | 7.26% | 13.86% |
| 1Y Return | 33.29% | 18.10% |
| Sharpe Ratio | 1.66 | 1.81 |
| Sortino Ratio | 2.35 | 2.52 |
| Omega Ratio | 1.29 | 1.32 |
| Calmar Ratio | 0.69 | 2.53 |
| Martin Ratio | 8.37 | 8.13 |
| Ulcer Index | 3.53% | 2.26% |
| Daily Std Dev | 17.81% | 10.20% |
| Max Drawdown | -44.80% | -10.04% |
| Current Drawdown | -24.15% | -4.62% |
Correlation
The correlation between FDHT and WELG.DE is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FDHT vs. WELG.DE - Performance Comparison
In the year-to-date period, FDHT achieves a 7.26% return, which is significantly lower than WELG.DE's 13.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDHT vs. WELG.DE - Expense Ratio Comparison
FDHT has a 0.39% expense ratio, which is higher than WELG.DE's 0.18% expense ratio.
Risk-Adjusted Performance
FDHT vs. WELG.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Digital Health ETF (FDHT) and Amundi S&P Global Health Care ESG UCITS ETF EUR Dist (WELG.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.
Dividends
FDHT vs. WELG.DE - Dividend Comparison
FDHT's dividend yield for the trailing twelve months is around 0.06%, less than WELG.DE's 0.87% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
FDHT Fidelity Digital Health ETF | 0.06% | 0.04% | 0.12% |
WELG.DE Amundi S&P Global Health Care ESG UCITS ETF EUR Dist | 0.87% | 0.17% | 0.00% |
Drawdowns
FDHT vs. WELG.DE - Drawdown Comparison
The maximum FDHT drawdown since its inception was -44.80%, which is greater than WELG.DE's maximum drawdown of -10.04%. Use the drawdown chart below to compare losses from any high point for FDHT and WELG.DE. For additional features, visit the drawdowns tool.
Volatility
FDHT vs. WELG.DE - Volatility Comparison
Fidelity Digital Health ETF (FDHT) has a higher volatility of 4.52% compared to Amundi S&P Global Health Care ESG UCITS ETF EUR Dist (WELG.DE) at 2.12%. This indicates that FDHT's price experiences larger fluctuations and is considered to be riskier than WELG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.