L0CK.DE vs. WELU.DE
L0CK.DE (iShares Digital Security UCITS ETF USD (Acc)) and WELU.DE (Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc) are both Technology Equities funds - L0CK.DE tracks the STOXX® Global Digital Security while WELU.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. Both are passively managed. Over the past 3 years, L0CK.DE returned 18.48%/yr vs 27.35%/yr for WELU.DE. A 0.70 correlation means they provide meaningful diversification when combined. L0CK.DE charges 0.40%/yr vs 0.18%/yr for WELU.DE.
Performance
L0CK.DE vs. WELU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, L0CK.DE achieves a 19.85% return, which is significantly lower than WELU.DE's 21.54% return.
L0CK.DE
- 1D
- -2.66%
- 1M
- 11.33%
- YTD
- 19.85%
- 6M
- 20.34%
- 1Y
- 22.13%
- 3Y*
- 18.48%
- 5Y*
- 10.97%
- 10Y*
- —
WELU.DE
- 1D
- -1.73%
- 1M
- 11.36%
- YTD
- 21.54%
- 6M
- 19.44%
- 1Y
- 43.16%
- 3Y*
- 27.35%
- 5Y*
- —
- 10Y*
- —
L0CK.DE vs. WELU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
L0CK.DE iShares Digital Security UCITS ETF USD (Acc) | 19.85% | -0.03% | 22.76% | 29.81% | -4.29% |
WELU.DE Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc | 21.54% | 9.54% | 38.64% | 57.43% | 0.20% |
Correlation
The correlation between L0CK.DE and WELU.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.70 |
The correlation between L0CK.DE and WELU.DE has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.
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Return for Risk
L0CK.DE vs. WELU.DE — Risk / Return Rank
L0CK.DE
WELU.DE
L0CK.DE vs. WELU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) and Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.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.
| L0CK.DE | WELU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.35 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.70 | -0.90 |
| Martin ratioReturn relative to average drawdown | 4.44 | 6.94 | -2.50 |
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
| L0CK.DE | WELU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 2.15 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.52 | -0.92 |
Drawdowns
L0CK.DE vs. WELU.DE - Drawdown Comparison
The maximum L0CK.DE drawdown since its inception was -32.50%, which is greater than WELU.DE's maximum drawdown of -28.67%. Use the drawdown chart below to compare losses from any high point for L0CK.DE and WELU.DE.
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Drawdown Indicators
| L0CK.DE | WELU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.50% | -28.67% | -3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.47% | -16.26% | +3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -27.07% | -28.67% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -28.54% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -2.65% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -4.74% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 6.35% | -1.27% |
Volatility
L0CK.DE vs. WELU.DE - Volatility Comparison
iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) has a higher volatility of 8.18% compared to Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.DE) at 6.70%. This indicates that L0CK.DE's price experiences larger fluctuations and is considered to be riskier than WELU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| L0CK.DE | WELU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 6.70% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 16.31% | 14.75% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.67% | 20.41% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.90% | 22.28% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 22.28% | -2.07% |
L0CK.DE vs. WELU.DE - Expense Ratio Comparison
L0CK.DE has a 0.40% expense ratio, which is higher than WELU.DE's 0.18% expense ratio.
Dividends
L0CK.DE vs. WELU.DE - Dividend Comparison
Neither L0CK.DE nor WELU.DE has paid dividends to shareholders.
Frequently Asked Questions
L0CK.DE and WELU.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELU.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for L0CK.DE.
L0CK.DE tracks STOXX® Global Digital Security, while WELU.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for L0CK.DE and 0.18% for WELU.DE.
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