W311.DE vs. FCO2.DE
W311.DE (HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF) and FCO2.DE (HANetf SparkChange Physical Carbon EUA ETC) are both exchange-traded funds - W311.DE is a Health & Biotech Equities fund tracking the Indxx Global NextGen Healthcare, while FCO2.DE is a Commodities fund tracking the EU Carbon Emission Allowances (EUA). Both are passively managed. Over the past 3 years, W311.DE returned -2.49%/yr vs -3.01%/yr for FCO2.DE. At a 0.05 correlation, their price movements are largely independent. W311.DE charges 0.59%/yr vs 0.89%/yr for FCO2.DE.
Performance
W311.DE vs. FCO2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, W311.DE achieves a -3.63% return, which is significantly higher than FCO2.DE's -10.46% return.
W311.DE
- 1D
- 3.38%
- 1M
- 1.14%
- YTD
- -3.63%
- 6M
- -7.26%
- 1Y
- 11.36%
- 3Y*
- -2.49%
- 5Y*
- -5.98%
- 10Y*
- —
FCO2.DE
- 1D
- -2.02%
- 1M
- 2.15%
- YTD
- -10.46%
- 6M
- -8.03%
- 1Y
- 4.93%
- 3Y*
- -3.01%
- 5Y*
- —
- 10Y*
- —
W311.DE vs. FCO2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
W311.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF | -3.63% | 7.18% | -4.84% | -0.30% | 4.39% |
FCO2.DE HANetf SparkChange Physical Carbon EUA ETC | -10.46% | 20.70% | -11.00% | -5.14% | -0.32% |
Correlation
The correlation between W311.DE and FCO2.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022 | 0.05 |
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Return for Risk
W311.DE vs. FCO2.DE — Risk / Return Rank
W311.DE
FCO2.DE
W311.DE vs. FCO2.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 HANetf SparkChange Physical Carbon EUA ETC (FCO2.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.
| W311.DE | FCO2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.06 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 0.16 | +0.53 |
| Martin ratioReturn relative to average drawdown | 1.61 | 0.41 | +1.20 |
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
| W311.DE | FCO2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.19 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | -0.07 | +0.05 |
Drawdowns
W311.DE vs. FCO2.DE - Drawdown Comparison
The maximum W311.DE drawdown since its inception was -48.92%, roughly equal to the maximum FCO2.DE drawdown of -48.49%. Use the drawdown chart below to compare losses from any high point for W311.DE and FCO2.DE.
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Drawdown Indicators
| W311.DE | FCO2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.92% | -48.49% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.09% | -31.46% | +15.37% |
Max Drawdown (3Y)Largest decline over 3 years | -28.36% | -45.60% | +17.24% |
Max Drawdown (5Y)Largest decline over 5 years | -48.92% | — | — |
Current DrawdownCurrent decline from peak | -35.40% | -24.40% | -11.00% |
Average DrawdownAverage peak-to-trough decline | -23.20% | -23.38% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.93% | 12.41% | -5.48% |
Volatility
W311.DE vs. FCO2.DE - Volatility Comparison
HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (W311.DE) has a higher volatility of 6.31% compared to HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE) at 5.99%. This indicates that W311.DE's price experiences larger fluctuations and is considered to be riskier than FCO2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| W311.DE | FCO2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 5.99% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 13.92% | 22.94% | -9.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 26.69% | -7.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 34.04% | -11.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.73% | 34.04% | -11.31% |
W311.DE vs. FCO2.DE - Expense Ratio Comparison
W311.DE has a 0.59% expense ratio, which is lower than FCO2.DE's 0.89% expense ratio.
Dividends
W311.DE vs. FCO2.DE - Dividend Comparison
Neither W311.DE nor FCO2.DE has paid dividends to shareholders.
Frequently Asked Questions
W311.DE and FCO2.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
W311.DE is cheaper with a 0.59% expense ratio, compared with 0.89% for FCO2.DE.
W311.DE is categorized as Health & Biotech Equities, while FCO2.DE is Commodities. W311.DE tracks Indxx Global NextGen Healthcare, while FCO2.DE tracks EU Carbon Emission Allowances (EUA). Their fees differ too: 0.59% for W311.DE and 0.89% for FCO2.DE.
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