W311.DE vs. ESGP.DE

Last updated Jul 17, 2026

W311.DE (HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF) and ESGP.DE (Gold Miners Screened UCITS ETF) are both exchange-traded funds - W311.DE is a Health & Biotech Equities fund tracking the Indxx Global NextGen Healthcare, while ESGP.DE is a Gold fund tracking the VettaFi Gold Miners Screened Index. Both are passively managed. Over the past 3 years, W311.DE returned 1.42%/yr vs 11.24%/yr for ESGP.DE. A 0.51 correlation means they provide meaningful diversification when combined. W311.DE charges 0.59%/yr vs 0.60%/yr for ESGP.DE.

Performance

W311.DE vs. ESGP.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (W311.DE) and Gold Miners Screened UCITS ETF (ESGP.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, W311.DE achieves a 6.45% return, which is significantly lower than ESGP.DE's 11.48% return.

W311.DE

• 1D: 0.69%
• 1M: 10.00%
• 6M: 3.71%
• YTD: 6.45%
• 1Y: 21.00%
• 3Y*: 1.42%
• 5Y*: -5.38%
• 10Y*: —

ESGP.DE

• 1D: 0.00%
• 1M: 3.54%
• 6M: 8.31%
• YTD: 11.48%
• 1Y: 16.66%
• 3Y*: 11.24%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

W311.DE vs. ESGP.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
W311.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF	6.45%	7.06%	-4.78%	-0.30%	-25.94%	-6.50%
ESGP.DE Gold Miners Screened UCITS ETF	11.48%	5.79%	12.94%	2.10%	-2.36%	2.90%

Correlation

The correlation between W311.DE and ESGP.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021	0.51

Over the past year, the correlation between W311.DE and ESGP.DE has dropped to 0.26 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Return for Risk

W311.DE vs. ESGP.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

W311.DE

W311.DE Risk / Return Rank: 33
W311.DE Sharpe Ratio Rank: 36
W311.DE Sortino Ratio Rank: 37
W311.DE Omega Ratio Rank: 32
W311.DE Calmar Ratio Rank: 31
W311.DE Martin Ratio Rank: 27

ESGP.DE

ESGP.DE Risk / Return Rank: 56
ESGP.DE Sharpe Ratio Rank: 53
ESGP.DE Sortino Ratio Rank: 55
ESGP.DE Omega Ratio Rank: 49
ESGP.DE Calmar Ratio Rank: 66
ESGP.DE Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

W311.DE vs. ESGP.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (W311.DE) and Gold Miners Screened UCITS ETF (ESGP.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.

	W311.DE	ESGP.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.45	-0.35
Sortino ratio: Return per unit of downside risk	1.63	2.15	-0.52
Omega ratio: Gain probability vs. loss probability	1.18	1.25	-0.07
Calmar ratio: Return relative to maximum drawdown	1.31	2.65	-1.34
Martin ratio: Return relative to average drawdown	2.94	7.50	-4.56

W311.DE vs. ESGP.DE - Sharpe Ratio Comparison

The current W311.DE Sharpe Ratio is 1.09, which is comparable to the ESGP.DE Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of W311.DE and ESGP.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

W311.DE vs. ESGP.DE - Drawdown Comparison

The maximum W311.DE drawdown since its inception was -48.92%, which is greater than ESGP.DE's maximum drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for W311.DE and ESGP.DE.

Drawdown Indicators

	W311.DE	ESGP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-48.92%	-20.50%	-28.42%
Max Drawdown (1Y) Largest decline over 1 year	-16.00%	-6.31%	-9.69%
Max Drawdown (3Y) Largest decline over 3 years	-26.45%	-20.50%	-5.95%
Max Drawdown (5Y) Largest decline over 5 years	-48.92%	—	—
Current Drawdown Current decline from peak	-28.68%	0.00%	-28.68%
Average Drawdown Average peak-to-trough decline	-23.85%	-5.23%	-18.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.13%	2.23%	+4.90%

Volatility

W311.DE vs. ESGP.DE - Volatility Comparison

HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (W311.DE) has a higher volatility of 5.96% compared to Gold Miners Screened UCITS ETF (ESGP.DE) at 2.13%. This indicates that W311.DE's price experiences larger fluctuations and is considered to be riskier than ESGP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	W311.DE	ESGP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	2.13%	+3.83%
Volatility (6M) Calculated over the trailing 6-month period	13.98%	8.96%	+5.02%
Volatility (1Y) Calculated over the trailing 1-year period	19.13%	11.59%	+7.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.46%	14.44%	+8.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.04%	14.44%	+8.60%

W311.DE vs. ESGP.DE - Expense Ratio Comparison

W311.DE has a 0.59% expense ratio, which is lower than ESGP.DE's 0.60% expense ratio.

Dividends

W311.DE vs. ESGP.DE - Dividend Comparison

Neither W311.DE nor ESGP.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both W311.DE and ESGP.DE in my portfolio?

W311.DE and ESGP.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, W311.DE or ESGP.DE?

On fees, W311.DE is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, W311.DE or ESGP.DE?

W311.DE is cheaper with a 0.59% expense ratio, compared with 0.60% for ESGP.DE.

What is the main difference between W311.DE and ESGP.DE?

W311.DE is categorized as Health & Biotech Equities, while ESGP.DE is Gold. W311.DE tracks Indxx Global NextGen Healthcare, while ESGP.DE tracks VettaFi Gold Miners Screened Index. Their fees differ too: 0.59% for W311.DE and 0.60% for ESGP.DE.