SC0W.DE vs. WELH.DE
SC0W.DE (Invesco European Basic Resources Sector UCITS ETF) and WELH.DE (Amundi S&P Global Industrials ESG UCITS ETF EUR Acc) are both Industrials Equities funds - SC0W.DE tracks the STOXX® Europe 600 Optimised Basic Resources while WELH.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials. Both are passively managed. Over the past 3 years, SC0W.DE returned 20.41%/yr vs 17.39%/yr for WELH.DE. At a 0.49 correlation, their price movements are largely independent. SC0W.DE charges 0.20%/yr vs 0.18%/yr for WELH.DE.
Performance
SC0W.DE vs. WELH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0W.DE achieves a 32.91% return, which is significantly higher than WELH.DE's 15.64% return.
SC0W.DE
- 1D
- -0.81%
- 1M
- 11.15%
- YTD
- 32.91%
- 6M
- 42.46%
- 1Y
- 84.15%
- 3Y*
- 20.41%
- 5Y*
- 12.13%
- 10Y*
- 17.03%
WELH.DE
- 1D
- 0.12%
- 1M
- 2.21%
- YTD
- 15.64%
- 6M
- 15.67%
- 1Y
- 24.04%
- 3Y*
- 17.39%
- 5Y*
- —
- 10Y*
- —
SC0W.DE vs. WELH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SC0W.DE Invesco European Basic Resources Sector UCITS ETF | 32.91% | 33.79% | -7.95% | -3.82% | 13.18% |
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 SC0W.DE and WELH.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.49 |
The correlation between SC0W.DE and WELH.DE has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.
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Return for Risk
SC0W.DE vs. WELH.DE — Risk / Return Rank
SC0W.DE
WELH.DE
SC0W.DE vs. WELH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Basic Resources Sector UCITS ETF (SC0W.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.
| SC0W.DE | WELH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.29 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.75 | 2.43 | +2.31 |
| Martin ratioReturn relative to average drawdown | 18.77 | 8.98 | +9.79 |
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
| SC0W.DE | WELH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.13 | 1.60 | +1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 1.26 | -0.98 |
Drawdowns
SC0W.DE vs. WELH.DE - Drawdown Comparison
The maximum SC0W.DE drawdown since its inception was -68.06%, 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 SC0W.DE and WELH.DE.
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Drawdown Indicators
| SC0W.DE | WELH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.06% | -20.70% | -47.36% |
Max Drawdown (1Y)Largest decline over 1 year | -17.64% | -9.84% | -7.80% |
Max Drawdown (3Y)Largest decline over 3 years | -34.35% | -20.70% | -13.65% |
Max Drawdown (5Y)Largest decline over 5 years | -38.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.64% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | 0.00% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -21.96% | -2.65% | -19.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 2.67% | +1.71% |
Volatility
SC0W.DE vs. WELH.DE - Volatility Comparison
Invesco European Basic Resources Sector UCITS ETF (SC0W.DE) has a higher volatility of 10.17% compared to Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.DE) at 3.89%. This indicates that SC0W.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.
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Volatility by Period
| SC0W.DE | WELH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 3.89% | +6.28% |
Volatility (6M)Calculated over the trailing 6-month period | 22.56% | 12.20% | +10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.72% | 14.98% | +11.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.37% | 15.28% | +12.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.35% | 15.28% | +13.07% |
SC0W.DE vs. WELH.DE - Expense Ratio Comparison
SC0W.DE has a 0.20% expense ratio, which is higher than WELH.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SC0W.DE vs. WELH.DE - Dividend Comparison
Neither SC0W.DE nor WELH.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0W.DE and WELH.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
WELH.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC0W.DE.
SC0W.DE tracks STOXX® Europe 600 Optimised Basic Resources, while WELH.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.20% for SC0W.DE and 0.18% for WELH.DE.
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