JMLP.DE vs. WELN.DE
JMLP.DE (HANetf Alerian Midstream Energy Dividend UCITS ETF) and WELN.DE (Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc) are both Energy Equities funds - JMLP.DE tracks the Alerian Midstream Energy Dividend while WELN.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. Both are passively managed. Over the past 3 years, JMLP.DE returned 23.81%/yr vs 12.96%/yr for WELN.DE. A 0.74 correlation means they provide meaningful diversification when combined. JMLP.DE charges 0.40%/yr vs 0.18%/yr for WELN.DE.
Performance
JMLP.DE vs. WELN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JMLP.DE achieves a 30.05% return, which is significantly higher than WELN.DE's 26.58% return.
JMLP.DE
- 1D
- 0.00%
- 1M
- -1.15%
- YTD
- 30.05%
- 6M
- 31.37%
- 1Y
- 32.86%
- 3Y*
- 23.81%
- 5Y*
- 19.33%
- 10Y*
- —
WELN.DE
- 1D
- 1.28%
- 1M
- -6.01%
- YTD
- 26.58%
- 6M
- 28.06%
- 1Y
- 36.14%
- 3Y*
- 12.96%
- 5Y*
- —
- 10Y*
- —
JMLP.DE vs. WELN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF | 30.05% | -5.93% | 40.86% | 9.97% | -6.49% |
WELN.DE Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc | 26.58% | -1.40% | 8.67% | -0.38% | 5.40% |
Correlation
The correlation between JMLP.DE and WELN.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.74 |
The correlation between JMLP.DE and WELN.DE has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.
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Return for Risk
JMLP.DE vs. WELN.DE — Risk / Return Rank
JMLP.DE
WELN.DE
JMLP.DE vs. WELN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) and Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JMLP.DE | WELN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 2.92 | +0.07 |
| Martin ratioReturn relative to average drawdown | 8.41 | 8.99 | -0.58 |
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Drawdowns
JMLP.DE vs. WELN.DE - Drawdown Comparison
The maximum JMLP.DE drawdown since its inception was -22.29%, roughly equal to the maximum WELN.DE drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for JMLP.DE and WELN.DE.
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Drawdown Indicators
| JMLP.DE | WELN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.29% | -23.24% | +0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -12.32% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -22.29% | -23.24% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -22.29% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -10.04% | +6.87% |
Average DrawdownAverage peak-to-trough decline | -6.44% | -7.77% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 4.01% | -0.09% |
Volatility
JMLP.DE vs. WELN.DE - Volatility Comparison
HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) and Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) have volatilities of 6.84% and 7.17%, 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
| JMLP.DE | WELN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.84% | 7.17% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 15.71% | 17.27% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 19.98% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 20.35% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.43% | 20.35% | +1.08% |
JMLP.DE vs. WELN.DE - Expense Ratio Comparison
JMLP.DE has a 0.40% expense ratio, which is higher than WELN.DE's 0.18% expense ratio.
Dividends
JMLP.DE vs. WELN.DE - Dividend Comparison
JMLP.DE's dividend yield for the trailing twelve months is around 2.83%, while WELN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF | 2.83% | 3.38% | 3.34% | 6.50% | 6.31% | 6.46% | 4.11% |
WELN.DE Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMLP.DE and WELN.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELN.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELN.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for JMLP.DE.
JMLP.DE tracks Alerian Midstream Energy Dividend, while WELN.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. They also come from different issuers: HANetf and Amundi. Their fees differ too: 0.40% for JMLP.DE and 0.18% for WELN.DE.
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