S0LR.DE vs. WELN.DE
S0LR.DE (Invesco Solar Energy UCITS ETF Acc) and WELN.DE (Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc) are both Energy Equities funds - S0LR.DE tracks the MAC Global Solar Energy while WELN.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. Both are passively managed. Over the past 3 years, S0LR.DE returned -3.99%/yr vs 14.42%/yr for WELN.DE. At a 0.16 correlation, their price movements are largely independent. S0LR.DE charges 0.69%/yr vs 0.18%/yr for WELN.DE.
Performance
S0LR.DE vs. WELN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, S0LR.DE achieves a 39.14% return, which is significantly higher than WELN.DE's 33.78% return.
S0LR.DE
- 1D
- -2.10%
- 1M
- 15.39%
- YTD
- 39.14%
- 6M
- 44.58%
- 1Y
- 102.95%
- 3Y*
- -3.99%
- 5Y*
- —
- 10Y*
- —
WELN.DE
- 1D
- -0.46%
- 1M
- -1.01%
- YTD
- 33.78%
- 6M
- 30.28%
- 1Y
- 42.71%
- 3Y*
- 14.42%
- 5Y*
- —
- 10Y*
- —
S0LR.DE vs. WELN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
S0LR.DE Invesco Solar Energy UCITS ETF Acc | 39.14% | 31.50% | -33.95% | -27.80% | -4.10% |
WELN.DE Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc | 33.78% | -1.37% | 8.67% | -0.46% | 6.24% |
Correlation
The correlation between S0LR.DE and WELN.DE is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.16 |
The correlation between S0LR.DE and WELN.DE shifts across timeframes, from -0.09 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
S0LR.DE vs. WELN.DE — Risk / Return Rank
S0LR.DE
WELN.DE
S0LR.DE vs. WELN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Solar Energy UCITS ETF Acc (S0LR.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.
| S0LR.DE | WELN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 8.71 | 3.44 | +5.27 |
| Martin ratioReturn relative to average drawdown | 21.79 | 11.82 | +9.97 |
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
| S0LR.DE | WELN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 2.17 | +0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.60 | -0.72 |
Drawdowns
S0LR.DE vs. WELN.DE - Drawdown Comparison
The maximum S0LR.DE drawdown since its inception was -73.43%, which is greater than WELN.DE's maximum drawdown of -23.29%. Use the drawdown chart below to compare losses from any high point for S0LR.DE and WELN.DE.
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Drawdown Indicators
| S0LR.DE | WELN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.43% | -23.29% | -50.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -12.35% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -65.01% | -23.29% | -41.72% |
Current DrawdownCurrent decline from peak | -32.82% | -4.95% | -27.87% |
Average DrawdownAverage peak-to-trough decline | -39.70% | -7.87% | -31.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 3.60% | +1.11% |
Volatility
S0LR.DE vs. WELN.DE - Volatility Comparison
Invesco Solar Energy UCITS ETF Acc (S0LR.DE) has a higher volatility of 12.56% compared to Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) at 6.50%. This indicates that S0LR.DE's price experiences larger fluctuations and is considered to be riskier than WELN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| S0LR.DE | WELN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 6.50% | +6.06% |
Volatility (6M)Calculated over the trailing 6-month period | 23.50% | 16.38% | +7.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.92% | 19.61% | +14.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.23% | 19.90% | +16.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.23% | 19.90% | +16.33% |
S0LR.DE vs. WELN.DE - Expense Ratio Comparison
S0LR.DE has a 0.69% expense ratio, which is higher than WELN.DE's 0.18% expense ratio.
Dividends
S0LR.DE vs. WELN.DE - Dividend Comparison
Neither S0LR.DE nor WELN.DE has paid dividends to shareholders.
Frequently Asked Questions
S0LR.DE and WELN.DE have a correlation of -0.09, 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 0.69% for S0LR.DE.
S0LR.DE tracks MAC Global Solar Energy, while WELN.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.69% for S0LR.DE and 0.18% for WELN.DE.
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