JEDI.DE vs. WELH.DE

Last updated Jun 5, 2026

JEDI.DE (VanEck Space Innovators UCITS ETF) and WELH.DE (Amundi S&P Global Industrials ESG UCITS ETF EUR Acc) are both Industrials Equities funds - JEDI.DE tracks the MVIS Global Space Industry ESG while WELH.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials. Both are passively managed. Over the past 3 years, JEDI.DE returned 65.71%/yr vs 17.39%/yr for WELH.DE. At a 0.49 correlation, their price movements are largely independent. JEDI.DE charges 0.55%/yr vs 0.18%/yr for WELH.DE.

Performance

JEDI.DE vs. WELH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Space Innovators UCITS ETF (JEDI.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, JEDI.DE achieves a 76.99% return, which is significantly higher than WELH.DE's 15.64% return.

JEDI.DE

• 1D: 1.31%
• 1M: 19.10%
• YTD: 76.99%
• 6M: 94.69%
• 1Y: 193.06%
• 3Y*: 65.71%
• 5Y*: —
• 10Y*: —

WELH.DE

• 1D: 0.12%
• 1M: 0.12%
• YTD: 15.64%
• 6M: 15.66%
• 1Y: 23.77%
• 3Y*: 17.39%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
JEDI.DE VanEck Space Innovators UCITS ETF	76.99%	72.15%	52.14%	8.55%	3.35%
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 JEDI.DE and WELH.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.49

Return for Risk

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

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

JEDI.DE

JEDI.DE Risk / Return Rank: 94
JEDI.DE Sharpe Ratio Rank: 97
JEDI.DE Sortino Ratio Rank: 92
JEDI.DE Omega Ratio Rank: 89
JEDI.DE Calmar Ratio Rank: 95
JEDI.DE Martin Ratio Rank: 94

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.

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

This table presents a comparison of risk-adjusted performance metrics for VanEck Space Innovators UCITS ETF (JEDI.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.

	JEDI.DE	WELH.DE	Difference
Sharpe ratio: Return per unit of total volatility	4.59	1.60	+2.99
Sortino ratio: Return per unit of downside risk	4.51	2.42	+2.09
Omega ratio: Gain probability vs. loss probability	1.56	1.29	+0.27
Calmar ratio: Return relative to maximum drawdown	8.56	2.43	+6.13
Martin ratio: Return relative to average drawdown	28.05	8.98	+19.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current JEDI.DE Sharpe Ratio is 4.59, which is higher than the WELH.DE Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of JEDI.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

	JEDI.DE	WELH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.59	1.60	+2.99
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	1.26	+0.35

Drawdowns

JEDI.DE vs. WELH.DE - Drawdown Comparison

The maximum JEDI.DE drawdown since its inception was -30.10%, 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 JEDI.DE and WELH.DE.

Drawdown Indicators

	JEDI.DE	WELH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.10%	-20.70%	-9.40%
Max Drawdown (1Y) Largest decline over 1 year	-23.53%	-9.84%	-13.69%
Max Drawdown (3Y) Largest decline over 3 years	-30.10%	-20.70%	-9.40%
Current Drawdown Current decline from peak	-13.81%	0.00%	-13.81%
Average Drawdown Average peak-to-trough decline	-7.12%	-2.65%	-4.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.20%	2.67%	+4.53%

Volatility

JEDI.DE vs. WELH.DE - Volatility Comparison

VanEck Space Innovators UCITS ETF (JEDI.DE) has a higher volatility of 18.13% compared to Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.DE) at 3.89%. This indicates that JEDI.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

	JEDI.DE	WELH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.13%	3.89%	+14.24%
Volatility (6M) Calculated over the trailing 6-month period	34.16%	12.20%	+21.96%
Volatility (1Y) Calculated over the trailing 1-year period	43.91%	14.98%	+28.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.38%	15.28%	+17.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.38%	15.28%	+17.10%

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

JEDI.DE has a 0.55% expense ratio, which is higher than WELH.DE's 0.18% expense ratio.

Dividends

JEDI.DE vs. WELH.DE - Dividend Comparison

Neither JEDI.DE nor WELH.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

JEDI.DE and WELH.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

WELH.DE is cheaper with a 0.18% expense ratio, compared with 0.55% for JEDI.DE.

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

JEDI.DE tracks MVIS Global Space Industry ESG, while WELH.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials. They also come from different issuers: VanEck and Amundi. Their fees differ too: 0.55% for JEDI.DE and 0.18% for WELH.DE.