W311.DE vs. WELS.DE

Last updated Jun 5, 2026

W311.DE (HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF) and WELS.DE (Amundi S&P Global Health Care ESG UCITS ETF EUR Acc) are both Health & Biotech Equities funds - W311.DE tracks the Indxx Global NextGen Healthcare while WELS.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 WELS.DE. A 0.56 correlation means they provide meaningful diversification when combined. W311.DE charges 0.59%/yr vs 0.18%/yr for WELS.DE.

Performance

W311.DE vs. WELS.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 Amundi S&P Global Health Care ESG UCITS ETF EUR Acc (WELS.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 -3.63% return, which is significantly lower than WELS.DE's -3.35% 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*: —

WELS.DE

• 1D: 2.97%
• 1M: 3.85%
• YTD: -3.35%
• 6M: -2.89%
• 1Y: 7.18%
• 3Y*: 2.22%
• 5Y*: —
• 10Y*: —

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

W311.DE vs. WELS.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%
WELS.DE Amundi S&P Global Health Care ESG UCITS ETF EUR Acc	-3.35%	1.05%	7.20%	2.33%	4.02%

Correlation

The correlation between W311.DE and WELS.DE is 0.70, 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	0.70
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	0.56

The correlation between W311.DE and WELS.DE shifts across timeframes, from 0.56 (all time) to 0.70 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

W311.DE vs. WELS.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: 18
W311.DE Sharpe Ratio Rank: 19
W311.DE Sortino Ratio Rank: 20
W311.DE Omega Ratio Rank: 18
W311.DE Calmar Ratio Rank: 18
W311.DE Martin Ratio Rank: 17

WELS.DE

WELS.DE Risk / Return Rank: 16
WELS.DE Sharpe Ratio Rank: 17
WELS.DE Sortino Ratio Rank: 17
WELS.DE Omega Ratio Rank: 16
WELS.DE Calmar Ratio Rank: 16
WELS.DE Martin Ratio Rank: 15

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. WELS.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 Acc (WELS.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	WELS.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.59	0.47	+0.11
Sortino ratio: Return per unit of downside risk	0.97	0.82	+0.15
Omega ratio: Gain probability vs. loss probability	1.11	1.09	+0.02
Calmar ratio: Return relative to maximum drawdown	0.69	0.56	+0.13
Martin ratio: Return relative to average drawdown	1.61	1.30	+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.

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

The current W311.DE Sharpe Ratio is 0.59, which is comparable to the WELS.DE Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of W311.DE and WELS.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.

Sharpe Ratios by Period

	W311.DE	WELS.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	0.47	+0.11
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. WELS.DE - Drawdown Comparison

The maximum W311.DE drawdown since its inception was -48.92%, which is greater than WELS.DE's maximum drawdown of -23.13%. Use the drawdown chart below to compare losses from any high point for W311.DE and WELS.DE.

Drawdown Indicators

	W311.DE	WELS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-48.92%	-23.13%	-25.79%
Max Drawdown (1Y) Largest decline over 1 year	-16.09%	-12.35%	-3.74%
Max Drawdown (3Y) Largest decline over 3 years	-28.36%	-23.13%	-5.23%
Max Drawdown (5Y) Largest decline over 5 years	-48.92%	—	—
Current Drawdown Current decline from peak	-35.40%	-12.08%	-23.32%
Average Drawdown Average peak-to-trough decline	-23.20%	-7.30%	-15.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.93%	5.34%	+1.59%

Volatility

W311.DE vs. WELS.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 Acc (WELS.DE) at 5.27%. This indicates that W311.DE's price experiences larger fluctuations and is considered to be riskier than WELS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	W311.DE	WELS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.31%	5.27%	+1.04%
Volatility (6M) Calculated over the trailing 6-month period	13.92%	10.22%	+3.70%
Volatility (1Y) Calculated over the trailing 1-year period	18.96%	14.60%	+4.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.38%	13.59%	+8.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.73%	13.59%	+9.14%

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

W311.DE has a 0.59% expense ratio, which is higher than WELS.DE's 0.18% expense ratio.

Dividends

W311.DE vs. WELS.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

W311.DE and WELS.DE have a correlation of 0.70, 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 WELS.DE?

On fees, WELS.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

WELS.DE is cheaper with a 0.18% expense ratio, compared with 0.59% for W311.DE.

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

W311.DE tracks Indxx Global NextGen Healthcare, while WELS.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 WELS.DE.