IUCM.L vs. WELX.DE
IUCM.L (iShares S&P 500 Communication Sector UCITS ETF USD Acc) and WELX.DE (Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc) are both Communications Equities funds - IUCM.L tracks the MSCI World/Comm Services NR USD while WELX.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Communication Services. Both are passively managed. Over the past 3 years, IUCM.L returned 27.10%/yr vs 24.84%/yr for WELX.DE. Their correlation of 0.87 suggests significant overlap in exposure. IUCM.L charges 0.15%/yr vs 0.18%/yr for WELX.DE.
Performance
IUCM.L vs. WELX.DE - Performance Comparison
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Different Trading Currencies
IUCM.L is traded in USD, while WELX.DE is traded in EUR. To make them comparable, the WELX.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUCM.L achieves a 1.60% return, which is significantly lower than WELX.DE's 1.74% return.
IUCM.L
- 1D
- 1.51%
- 1M
- -4.09%
- YTD
- 1.60%
- 6M
- 0.69%
- 1Y
- 19.48%
- 3Y*
- 27.10%
- 5Y*
- 11.39%
- 10Y*
- —
WELX.DE
- 1D
- 1.08%
- 1M
- -1.53%
- YTD
- 1.74%
- 6M
- -0.16%
- 1Y
- 21.49%
- 3Y*
- 24.84%
- 5Y*
- —
- 10Y*
- —
IUCM.L vs. WELX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IUCM.L iShares S&P 500 Communication Sector UCITS ETF USD Acc | 1.60% | 26.48% | 38.98% | 55.75% | -0.61% |
WELX.DE Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc | 1.74% | 31.05% | 27.33% | 51.26% | 2.67% |
Correlation
The correlation between IUCM.L and WELX.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.87 |
The correlation between IUCM.L and WELX.DE has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
IUCM.L vs. WELX.DE — Risk / Return Rank
IUCM.L
WELX.DE
IUCM.L vs. WELX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Communication Sector UCITS ETF USD Acc (IUCM.L) and Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc (WELX.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.
| IUCM.L | WELX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 1.49 | +0.65 |
| Martin ratioReturn relative to average drawdown | 7.78 | 5.11 | +2.67 |
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
| IUCM.L | WELX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.41 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 1.58 | -0.86 |
Drawdowns
IUCM.L vs. WELX.DE - Drawdown Comparison
The maximum IUCM.L drawdown since its inception was -47.32%, which is greater than WELX.DE's maximum drawdown of -21.23%. Use the drawdown chart below to compare losses from any high point for IUCM.L and WELX.DE.
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Drawdown Indicators
| IUCM.L | WELX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.32% | -21.23% | -26.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.71% | -15.54% | +5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -18.79% | -21.23% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -47.32% | — | — |
Current DrawdownCurrent decline from peak | -4.70% | -2.69% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -3.34% | -6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 4.53% | -1.86% |
Volatility
IUCM.L vs. WELX.DE - Volatility Comparison
iShares S&P 500 Communication Sector UCITS ETF USD Acc (IUCM.L) and Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc (WELX.DE) have volatilities of 4.40% and 4.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUCM.L | WELX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.28% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 11.62% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.28% | 16.42% | -2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 19.08% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.34% | 19.08% | +1.26% |
IUCM.L vs. WELX.DE - Expense Ratio Comparison
IUCM.L has a 0.15% expense ratio, which is lower than WELX.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IUCM.L vs. WELX.DE - Dividend Comparison
Neither IUCM.L nor WELX.DE has paid dividends to shareholders.
Frequently Asked Questions
IUCM.L and WELX.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUCM.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUCM.L is cheaper with a 0.15% expense ratio, compared with 0.18% for WELX.DE.
IUCM.L tracks MSCI World/Comm Services NR USD, while WELX.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Communication Services. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for IUCM.L and 0.18% for WELX.DE.
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