W311.DE vs. WELG.DE
W311.DE (HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF) and WELG.DE (Amundi S&P Global Health Care ESG UCITS ETF EUR Dist) are both Health & Biotech Equities funds - W311.DE tracks the Indxx Global NextGen Healthcare while WELG.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Health Care. Both are passively managed. Over the past 3 years, W311.DE returned -2.49%/yr vs 2.22%/yr for WELG.DE. A 0.55 correlation means they provide meaningful diversification when combined. W311.DE charges 0.59%/yr vs 0.18%/yr for WELG.DE.
Performance
W311.DE vs. WELG.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with W311.DE having a -3.63% return and WELG.DE slightly higher at -3.60%.
W311.DE
- 1D
- 3.38%
- 1M
- 1.14%
- YTD
- -3.63%
- 6M
- -7.26%
- 1Y
- 11.36%
- 3Y*
- -2.49%
- 5Y*
- -5.98%
- 10Y*
- —
WELG.DE
- 1D
- 2.97%
- 1M
- 3.72%
- YTD
- -3.60%
- 6M
- -3.07%
- 1Y
- 7.16%
- 3Y*
- 2.22%
- 5Y*
- —
- 10Y*
- —
W311.DE vs. WELG.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% | -2.30% |
WELG.DE Amundi S&P Global Health Care ESG UCITS ETF EUR Dist | -3.60% | 1.26% | 7.51% | 1.94% | 4.13% |
Correlation
The correlation between W311.DE and WELG.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.55 |
The correlation between W311.DE and WELG.DE shifts across timeframes, from 0.55 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
W311.DE vs. WELG.DE — Risk / Return Rank
W311.DE
WELG.DE
W311.DE vs. WELG.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 Amundi S&P Global Health Care ESG UCITS ETF EUR Dist (WELG.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 | WELG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.09 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 0.55 | +0.14 |
| Martin ratioReturn relative to average drawdown | 1.61 | 1.29 | +0.32 |
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 | WELG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.47 | +0.12 |
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 | 0.22 | -0.24 |
Drawdowns
W311.DE vs. WELG.DE - Drawdown Comparison
The maximum W311.DE drawdown since its inception was -48.92%, which is greater than WELG.DE's maximum drawdown of -23.11%. Use the drawdown chart below to compare losses from any high point for W311.DE and WELG.DE.
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Drawdown Indicators
| W311.DE | WELG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.92% | -23.11% | -25.81% |
Max Drawdown (1Y)Largest decline over 1 year | -16.09% | -12.38% | -3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -28.36% | -23.11% | -5.25% |
Max Drawdown (5Y)Largest decline over 5 years | -48.92% | — | — |
Current DrawdownCurrent decline from peak | -35.40% | -12.09% | -23.31% |
Average DrawdownAverage peak-to-trough decline | -23.20% | -7.24% | -15.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.93% | 5.34% | +1.59% |
Volatility
W311.DE vs. WELG.DE - Volatility Comparison
HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (W311.DE) has a higher volatility of 6.31% compared to Amundi S&P Global Health Care ESG UCITS ETF EUR Dist (WELG.DE) at 5.31%. This indicates that W311.DE's price experiences larger fluctuations and is considered to be riskier than WELG.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 | WELG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 5.31% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.92% | 10.25% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 14.54% | +4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 13.49% | +8.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.73% | 13.49% | +9.24% |
W311.DE vs. WELG.DE - Expense Ratio Comparison
W311.DE has a 0.59% expense ratio, which is higher than WELG.DE's 0.18% expense ratio.
Dividends
W311.DE vs. WELG.DE - Dividend Comparison
W311.DE has not paid dividends to shareholders, while WELG.DE's dividend yield for the trailing twelve months is around 1.55%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
W311.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
WELG.DE Amundi S&P Global Health Care ESG UCITS ETF EUR Dist | 1.55% | 1.36% | 0.92% | 0.17% |
Frequently Asked Questions
W311.DE and WELG.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELG.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELG.DE is cheaper with a 0.18% expense ratio, compared with 0.59% for W311.DE.
W311.DE tracks Indxx Global NextGen Healthcare, while WELG.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Health Care. They also come from different issuers: HANetf and Amundi. Their fees differ too: 0.59% for W311.DE and 0.18% for WELG.DE.
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