UETW.DE vs. WELN.DE
UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) and WELN.DE (Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc) are both exchange-traded funds - UETW.DE is a Global Equities fund tracking the MSCI World, while WELN.DE is a Energy Equities fund tracking the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. Both are passively managed. Over the past 3 years, UETW.DE returned 18.31%/yr vs 13.03%/yr for WELN.DE. At a 0.29 correlation, their price movements are largely independent. UETW.DE charges 0.10%/yr vs 0.18%/yr for WELN.DE.
Performance
UETW.DE vs. WELN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UETW.DE achieves a 13.14% return, which is significantly lower than WELN.DE's 28.89% return.
UETW.DE
- 1D
- 0.23%
- 1M
- 1.71%
- 6M
- 11.32%
- YTD
- 13.14%
- 1Y
- 24.05%
- 3Y*
- 18.31%
- 5Y*
- 12.32%
- 10Y*
- —
WELN.DE
- 1D
- -0.82%
- 1M
- 0.42%
- 6M
- 20.83%
- YTD
- 28.89%
- 1Y
- 35.01%
- 3Y*
- 13.03%
- 5Y*
- —
- 10Y*
- —
UETW.DE vs. WELN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 13.14% | 8.05% | 26.48% | 19.71% | -4.58% |
WELN.DE Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc | 28.89% | -1.40% | 8.67% | -0.38% | 5.40% |
Correlation
The correlation between UETW.DE and WELN.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.29 |
The correlation between UETW.DE and WELN.DE shifts across timeframes, from -0.03 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UETW.DE vs. WELN.DE — Risk / Return Rank
UETW.DE
WELN.DE
UETW.DE vs. WELN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UETW.DE | WELN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.30 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 2.68 | +0.91 |
| Martin ratioReturn relative to average drawdown | 14.06 | 7.39 | +6.67 |
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Drawdowns
UETW.DE vs. WELN.DE - Drawdown Comparison
The maximum UETW.DE drawdown since its inception was -33.74%, which is greater than WELN.DE's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for UETW.DE and WELN.DE.
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Drawdown Indicators
| UETW.DE | WELN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.74% | -23.24% | -10.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -13.01% | +6.34% |
Max Drawdown (3Y)Largest decline over 3 years | -21.32% | -23.24% | +1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.32% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -8.40% | +8.40% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -7.81% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 4.72% | -3.01% |
Volatility
UETW.DE vs. WELN.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) is 2.37%, while Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) has a volatility of 6.25%. This indicates that UETW.DE experiences smaller price fluctuations and is considered to be less risky 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
| UETW.DE | WELN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 6.25% | -3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 17.25% | -9.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 20.25% | -9.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 20.35% | -6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.55% | 20.35% | -3.80% |
UETW.DE vs. WELN.DE - Expense Ratio Comparison
UETW.DE has a 0.10% expense ratio, which is lower than WELN.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UETW.DE vs. WELN.DE - Dividend Comparison
Neither UETW.DE nor WELN.DE has paid dividends to shareholders.
Frequently Asked Questions
UETW.DE and WELN.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for WELN.DE.
UETW.DE is categorized as Global Equities, while WELN.DE is Energy Equities. UETW.DE tracks MSCI World, while WELN.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.10% for UETW.DE and 0.18% for WELN.DE.
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