W311.DE vs. WELP.DE
W311.DE (HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF) and WELP.DE (HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF) are both Health & Biotech Equities funds - W311.DE tracks the Indxx Global NextGen Healthcare while WELP.DE tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, W311.DE returned 1.42%/yr vs 13.23%/yr for WELP.DE. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.59% expense ratio.
Performance
W311.DE vs. WELP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, W311.DE achieves a 6.45% return, which is significantly lower than WELP.DE's 29.24% 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*
- —
WELP.DE
- 1D
- 0.00%
- 1M
- 0.75%
- 6M
- 20.92%
- YTD
- 29.24%
- 1Y
- 37.24%
- 3Y*
- 13.23%
- 5Y*
- —
- 10Y*
- —
W311.DE vs. WELP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
W311.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF | 6.45% | 7.06% | -4.78% | -0.30% | -5.09% |
WELP.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF | 29.24% | -1.54% | 7.90% | 0.25% | 5.34% |
Correlation
The correlation between W311.DE and WELP.DE is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.17 |
The correlation between W311.DE and WELP.DE shifts across timeframes, from -0.04 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
W311.DE vs. WELP.DE — Risk / Return Rank
W311.DE
WELP.DE
W311.DE vs. WELP.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 HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.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 | WELP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 2.90 | -1.59 |
| Martin ratioReturn relative to average drawdown | 2.94 | 7.87 | -4.93 |
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Drawdowns
W311.DE vs. WELP.DE - Drawdown Comparison
The maximum W311.DE drawdown since its inception was -48.92%, which is greater than WELP.DE's maximum drawdown of -23.55%. Use the drawdown chart below to compare losses from any high point for W311.DE and WELP.DE.
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Drawdown Indicators
| W311.DE | WELP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.92% | -23.55% | -25.37% |
Max Drawdown (1Y)Largest decline over 1 year | -16.00% | -12.80% | -3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -26.45% | -23.55% | -2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -48.92% | — | — |
Current DrawdownCurrent decline from peak | -28.68% | -8.31% | -20.37% |
Average DrawdownAverage peak-to-trough decline | -23.85% | -7.83% | -16.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.13% | 4.72% | +2.41% |
Volatility
W311.DE vs. WELP.DE - Volatility Comparison
HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (W311.DE) and HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.DE) have volatilities of 5.96% and 5.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| W311.DE | WELP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 5.91% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 13.98% | 17.06% | -3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.13% | 19.92% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.46% | 20.07% | +2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.04% | 20.07% | +2.97% |
W311.DE vs. WELP.DE - Expense Ratio Comparison
Both W311.DE and WELP.DE have an expense ratio of 0.59%.
Dividends
W311.DE vs. WELP.DE - Dividend Comparison
W311.DE has not paid dividends to shareholders, while WELP.DE's dividend yield for the trailing twelve months is around 2.96%.
| 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% |
WELP.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF | 2.96% | 3.78% | 3.64% | 0.79% |
Frequently Asked Questions
W311.DE and WELP.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.59% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
W311.DE and WELP.DE have the same expense ratio: 0.59% per year.
W311.DE tracks Indxx Global NextGen Healthcare, while WELP.DE tracks MSCI World/Energy NR USD. They also come from different issuers: HANetf and Amundi.
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