SPEX.L vs. WELE.DE
Compare and contrast key facts about Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) and Amundi S&P 500 Equal Weight ESG Leaders UCITS ETF - USD Acc (WELE.DE).
SPEX.L and WELE.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPEX.L is a passively managed fund by Invesco that tracks the performance of the Russell 1000 TR USD. It was launched on Apr 6, 2021. WELE.DE is a passively managed fund by Amundi that tracks the performance of the S&P 500 Equal Weight ESG Leaders Select. It was launched on May 24, 2022. Both SPEX.L and WELE.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPEX.L or WELE.DE.
Key characteristics
| SPEX.L | WELE.DE | |
|---|---|---|
| YTD Return | 17.66% | 20.60% |
| 1Y Return | 26.36% | 30.95% |
| Sharpe Ratio | 0.45 | 2.71 |
| Sortino Ratio | 1.08 | 3.83 |
| Omega Ratio | 1.35 | 1.53 |
| Calmar Ratio | 1.22 | 3.61 |
| Martin Ratio | 1.47 | 16.55 |
| Ulcer Index | 17.22% | 1.88% |
| Daily Std Dev | 56.54% | 11.51% |
| Max Drawdown | -20.84% | -12.92% |
| Current Drawdown | -9.66% | -0.25% |
Correlation
The correlation between SPEX.L and WELE.DE is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPEX.L vs. WELE.DE - Performance Comparison
In the year-to-date period, SPEX.L achieves a 17.66% return, which is significantly lower than WELE.DE's 20.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPEX.L vs. WELE.DE - Expense Ratio Comparison
SPEX.L has a 0.20% expense ratio, which is higher than WELE.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%.
Risk-Adjusted Performance
SPEX.L vs. WELE.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) and Amundi S&P 500 Equal Weight ESG Leaders UCITS ETF - USD Acc (WELE.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.
Dividends
SPEX.L vs. WELE.DE - Dividend Comparison
Neither SPEX.L nor WELE.DE has paid dividends to shareholders.
Drawdowns
SPEX.L vs. WELE.DE - Drawdown Comparison
The maximum SPEX.L drawdown since its inception was -20.84%, which is greater than WELE.DE's maximum drawdown of -12.92%. Use the drawdown chart below to compare losses from any high point for SPEX.L and WELE.DE. For additional features, visit the drawdowns tool.
Volatility
SPEX.L vs. WELE.DE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) is 3.11%, while Amundi S&P 500 Equal Weight ESG Leaders UCITS ETF - USD Acc (WELE.DE) has a volatility of 3.40%. This indicates that SPEX.L experiences smaller price fluctuations and is considered to be less risky than WELE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.