S7XE.DE vs. WELK.DE
S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) and WELK.DE (Amundi S&P Global Financials ESG UCITS ETF EUR Acc) are both Financials Equities funds - S7XE.DE tracks the EURO STOXX® Optimised Banks while WELK.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Financials. Both are passively managed. Over the past 3 years, S7XE.DE returned 44.23%/yr vs 21.67%/yr for WELK.DE. A 0.63 correlation means they provide meaningful diversification when combined. S7XE.DE charges 0.30%/yr vs 0.18%/yr for WELK.DE.
Performance
S7XE.DE vs. WELK.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, S7XE.DE achieves a 4.99% return, which is significantly higher than WELK.DE's 1.91% return.
S7XE.DE
- 1D
- 1.09%
- 1M
- 2.40%
- YTD
- 4.99%
- 6M
- 12.49%
- 1Y
- 36.30%
- 3Y*
- 44.23%
- 5Y*
- 28.00%
- 10Y*
- 14.41%
WELK.DE
- 1D
- 2.00%
- 1M
- 1.21%
- YTD
- 1.91%
- 6M
- 5.76%
- 1Y
- 13.95%
- 3Y*
- 21.67%
- 5Y*
- —
- 10Y*
- —
S7XE.DE vs. WELK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 4.99% | 86.82% | 30.66% | 28.83% | 23.37% |
WELK.DE Amundi S&P Global Financials ESG UCITS ETF EUR Acc | 1.91% | 17.19% | 33.74% | 12.60% | 9.71% |
Correlation
The correlation between S7XE.DE and WELK.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.63 |
The correlation between S7XE.DE and WELK.DE has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
S7XE.DE vs. WELK.DE — Risk / Return Rank
S7XE.DE
WELK.DE
S7XE.DE vs. WELK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) and Amundi S&P Global Financials ESG UCITS ETF EUR Acc (WELK.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.
| S7XE.DE | WELK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 1.42 | +0.77 |
| Martin ratioReturn relative to average drawdown | 6.92 | 4.51 | +2.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| S7XE.DE | WELK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.00 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 1.33 | -1.09 |
Drawdowns
S7XE.DE vs. WELK.DE - Drawdown Comparison
The maximum S7XE.DE drawdown since its inception was -65.33%, which is greater than WELK.DE's maximum drawdown of -20.08%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and WELK.DE.
Loading charts...
Drawdown Indicators
| S7XE.DE | WELK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.33% | -20.08% | -45.25% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -9.66% | -7.76% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -20.08% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.10% | — | — |
Current DrawdownCurrent decline from peak | -2.02% | -0.71% | -1.31% |
Average DrawdownAverage peak-to-trough decline | -23.01% | -3.18% | -19.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 3.05% | +2.49% |
Volatility
S7XE.DE vs. WELK.DE - Volatility Comparison
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) has a higher volatility of 6.10% compared to Amundi S&P Global Financials ESG UCITS ETF EUR Acc (WELK.DE) at 3.58%. This indicates that S7XE.DE's price experiences larger fluctuations and is considered to be riskier than WELK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| S7XE.DE | WELK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 3.58% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 10.56% | +8.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.08% | 13.80% | +10.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 15.29% | +10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.66% | 15.29% | +13.37% |
S7XE.DE vs. WELK.DE - Expense Ratio Comparison
S7XE.DE has a 0.30% expense ratio, which is higher than WELK.DE's 0.18% expense ratio.
Dividends
S7XE.DE vs. WELK.DE - Dividend Comparison
Neither S7XE.DE nor WELK.DE has paid dividends to shareholders.
Frequently Asked Questions
S7XE.DE and WELK.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELK.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for S7XE.DE.
S7XE.DE tracks EURO STOXX® Optimised Banks, while WELK.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Financials. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.30% for S7XE.DE and 0.18% for WELK.DE.
Find the right allocation for S7XE.DE and WELK.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer