G1CE.DE vs. WELP.DE

Last updated Jun 5, 2026

G1CE.DE (Invesco Global Clean Energy UCITS ETF Acc) and WELP.DE (HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF) are both Energy Equities funds - G1CE.DE tracks the WilderHill New Energy Global Innovation while WELP.DE tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, G1CE.DE returned 5.16%/yr vs 14.42%/yr for WELP.DE. At a 0.25 correlation, their price movements are largely independent. G1CE.DE charges 0.60%/yr vs 0.59%/yr for WELP.DE.

Performance

G1CE.DE vs. WELP.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Global Clean Energy UCITS ETF Acc (G1CE.DE) and HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, G1CE.DE achieves a 36.05% return, which is significantly higher than WELP.DE's 34.22% return.

G1CE.DE

• 1D: -1.30%
• 1M: 3.20%
• YTD: 36.05%
• 6M: 37.56%
• 1Y: 83.69%
• 3Y*: 5.16%
• 5Y*: -3.72%
• 10Y*: —

WELP.DE

• 1D: -0.43%
• 1M: -0.84%
• YTD: 34.22%
• 6M: 30.47%
• 1Y: 42.64%
• 3Y*: 14.42%
• 5Y*: —
• 10Y*: —

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

G1CE.DE vs. WELP.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
G1CE.DE Invesco Global Clean Energy UCITS ETF Acc	36.05%	27.39%	-22.23%	-13.46%	-7.33%
WELP.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF	34.22%	-1.54%	7.90%	0.25%	6.11%

Correlation

The correlation between G1CE.DE and WELP.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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.25

Over the past year, the correlation between G1CE.DE and WELP.DE has dropped to 0.01 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

Return for Risk

G1CE.DE vs. WELP.DE — Risk / Return Rank

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

G1CE.DE

G1CE.DE Risk / Return Rank: 94
G1CE.DE Sharpe Ratio Rank: 95
G1CE.DE Sortino Ratio Rank: 93
G1CE.DE Omega Ratio Rank: 92
G1CE.DE Calmar Ratio Rank: 95
G1CE.DE Martin Ratio Rank: 94

WELP.DE

WELP.DE Risk / Return Rank: 66
WELP.DE Sharpe Ratio Rank: 68
WELP.DE Sortino Ratio Rank: 60
WELP.DE Omega Ratio Rank: 64
WELP.DE Calmar Ratio Rank: 71
WELP.DE Martin Ratio Rank: 66

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.

G1CE.DE vs. WELP.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Clean Energy UCITS ETF Acc (G1CE.DE) and HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.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.

	G1CE.DE	WELP.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.88	2.21	+1.67
Sortino ratio: Return per unit of downside risk	4.63	2.80	+1.84
Omega ratio: Gain probability vs. loss probability	1.61	1.38	+0.23
Calmar ratio: Return relative to maximum drawdown	7.99	3.47	+4.52
Martin ratio: Return relative to average drawdown	28.31	11.93	+16.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

G1CE.DE vs. WELP.DE - Sharpe Ratio Comparison

The current G1CE.DE Sharpe Ratio is 3.88, which is higher than the WELP.DE Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of G1CE.DE and WELP.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

	G1CE.DE	WELP.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.88	2.21	+1.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.61	-0.75

Drawdowns

G1CE.DE vs. WELP.DE - Drawdown Comparison

The maximum G1CE.DE drawdown since its inception was -68.84%, which is greater than WELP.DE's maximum drawdown of -23.55%. Use the drawdown chart below to compare losses from any high point for G1CE.DE and WELP.DE.

Drawdown Indicators

	G1CE.DE	WELP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-68.84%	-23.55%	-45.29%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-12.22%	+1.80%
Max Drawdown (3Y) Largest decline over 3 years	-52.75%	-23.55%	-29.20%
Max Drawdown (5Y) Largest decline over 5 years	-68.84%	—	—
Current Drawdown Current decline from peak	-27.70%	-4.77%	-22.93%
Average Drawdown Average peak-to-trough decline	-38.48%	-7.88%	-30.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.56%	-0.61%

Volatility

G1CE.DE vs. WELP.DE - Volatility Comparison

Invesco Global Clean Energy UCITS ETF Acc (G1CE.DE) has a higher volatility of 8.41% compared to HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.DE) at 6.37%. This indicates that G1CE.DE's price experiences larger fluctuations and is considered to be riskier than WELP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	G1CE.DE	WELP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.41%	6.37%	+2.04%
Volatility (6M) Calculated over the trailing 6-month period	14.61%	16.27%	-1.66%
Volatility (1Y) Calculated over the trailing 1-year period	21.47%	19.25%	+2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.14%	19.61%	+6.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.36%	19.61%	+6.75%

G1CE.DE vs. WELP.DE - Expense Ratio Comparison

G1CE.DE has a 0.60% expense ratio, which is higher than WELP.DE's 0.59% expense ratio.

Dividends

G1CE.DE vs. WELP.DE - Dividend Comparison

G1CE.DE has not paid dividends to shareholders, while WELP.DE's dividend yield for the trailing twelve months is around 2.85%.

Position	TTM	2025	2024	2023
G1CE.DE Invesco Global Clean Energy UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%
WELP.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF	2.85%	3.78%	3.64%	0.79%

Frequently Asked Questions

Can I hold both G1CE.DE and WELP.DE in my portfolio?

G1CE.DE and WELP.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.

Which ETF is better, G1CE.DE or WELP.DE?

On fees, WELP.DE is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, G1CE.DE or WELP.DE?

WELP.DE is cheaper with a 0.59% expense ratio, compared with 0.60% for G1CE.DE.

What is the main difference between G1CE.DE and WELP.DE?

G1CE.DE tracks WilderHill New Energy Global Innovation, while WELP.DE tracks MSCI World/Energy NR USD. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.60% for G1CE.DE and 0.59% for WELP.DE.