WDEE.DE vs. ICVT
WDEE.DE (Invesco S&P World Energy ESG UCITS ETF Acc) and ICVT (iShares Convertible Bond ETF) are both exchange-traded funds - WDEE.DE is a Energy Equities fund tracking the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy, while ICVT is a Preferred Stock/Convertible Bonds fund tracking the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. Both are passively managed. Over the past 3 years, WDEE.DE returned 16.13%/yr vs 17.83%/yr for ICVT. At a 0.17 correlation, their price movements are largely independent. WDEE.DE charges 0.18%/yr vs 0.20%/yr for ICVT.
Performance
WDEE.DE vs. ICVT - Performance Comparison
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Different Trading Currencies
WDEE.DE is traded in EUR, while ICVT is traded in USD. To make them comparable, the ICVT values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WDEE.DE achieves a 33.31% return, which is significantly higher than ICVT's 26.78% return.
WDEE.DE
- 1D
- 2.19%
- 1M
- -0.56%
- YTD
- 33.31%
- 6M
- 30.21%
- 1Y
- 36.68%
- 3Y*
- 16.13%
- 5Y*
- —
- 10Y*
- —
ICVT
- 1D
- -0.76%
- 1M
- 7.92%
- YTD
- 26.78%
- 6M
- 24.99%
- 1Y
- 39.37%
- 3Y*
- 17.83%
- 5Y*
- 8.80%
- 10Y*
- 13.75%
WDEE.DE vs. ICVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WDEE.DE Invesco S&P World Energy ESG UCITS ETF Acc | 33.31% | -2.96% | 9.29% | 6.37% |
ICVT iShares Convertible Bond ETF | 26.78% | 4.08% | 17.91% | 8.89% |
Correlation
The correlation between WDEE.DE and ICVT is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.17 |
The correlation between WDEE.DE and ICVT shifts across timeframes, from 0.03 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WDEE.DE vs. ICVT — Risk / Return Rank
WDEE.DE
ICVT
WDEE.DE vs. ICVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Energy ESG UCITS ETF Acc (WDEE.DE) and iShares Convertible Bond ETF (ICVT). 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.
| WDEE.DE | ICVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.47 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 5.03 | -2.09 |
| Martin ratioReturn relative to average drawdown | 9.51 | 15.88 | -6.38 |
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
| WDEE.DE | ICVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 2.71 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.72 | -0.02 |
Drawdowns
WDEE.DE vs. ICVT - Drawdown Comparison
The maximum WDEE.DE drawdown since its inception was -23.77%, smaller than the maximum ICVT drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for WDEE.DE and ICVT.
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Drawdown Indicators
| WDEE.DE | ICVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -31.69% | +7.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -7.86% | -4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -17.52% | -6.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.69% | — |
Current DrawdownCurrent decline from peak | -4.37% | -0.76% | -3.61% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -7.20% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 2.49% | +1.36% |
Volatility
WDEE.DE vs. ICVT - Volatility Comparison
Invesco S&P World Energy ESG UCITS ETF Acc (WDEE.DE) has a higher volatility of 7.54% compared to iShares Convertible Bond ETF (ICVT) at 5.19%. This indicates that WDEE.DE's price experiences larger fluctuations and is considered to be riskier than ICVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDEE.DE | ICVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 5.19% | +2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 17.53% | 11.19% | +6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.89% | 14.65% | +6.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.94% | 13.57% | +6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.94% | 16.13% | +3.81% |
WDEE.DE vs. ICVT - Expense Ratio Comparison
WDEE.DE has a 0.18% expense ratio, which is lower than ICVT's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WDEE.DE vs. ICVT - Dividend Comparison
WDEE.DE has not paid dividends to shareholders, while ICVT's dividend yield for the trailing twelve months is around 1.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICVT iShares Convertible Bond ETF | 1.30% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
WDEE.DE Invesco S&P World Energy ESG UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WDEE.DE and ICVT have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDEE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDEE.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for ICVT.
WDEE.DE is categorized as Energy Equities, while ICVT is Preferred Stock/Convertible Bonds. WDEE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy, while ICVT tracks Barclays U.S. Convertible Cash Pay Bond > $250MM Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.18% for WDEE.DE and 0.20% for ICVT.
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