WEBA.DE vs. ^GSPC
Compare and contrast key facts about Amundi US Tech 100 Equal Weight UCITS ETF USD D (WEBA.DE) and S&P 500 (^GSPC).
WEBA.DE is a passively managed fund by Amundi that tracks the performance of the Solactive United States Technology 100 Equal Weight. It was launched on Nov 10, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WEBA.DE or ^GSPC.
Correlation
The correlation between WEBA.DE and ^GSPC is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WEBA.DE vs. ^GSPC - Performance Comparison
Key characteristics
WEBA.DE:
1.12
^GSPC:
1.62
WEBA.DE:
1.63
^GSPC:
2.20
WEBA.DE:
1.22
^GSPC:
1.30
WEBA.DE:
1.65
^GSPC:
2.46
WEBA.DE:
5.41
^GSPC:
10.01
WEBA.DE:
3.04%
^GSPC:
2.08%
WEBA.DE:
14.65%
^GSPC:
12.88%
WEBA.DE:
-10.60%
^GSPC:
-56.78%
WEBA.DE:
-0.13%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, WEBA.DE achieves a 5.89% return, which is significantly higher than ^GSPC's 2.24% return.
WEBA.DE
5.89%
0.99%
17.09%
16.34%
N/A
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
WEBA.DE vs. ^GSPC — Risk-Adjusted Performance Rank
WEBA.DE
^GSPC
WEBA.DE vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi US Tech 100 Equal Weight UCITS ETF USD D (WEBA.DE) and S&P 500 (^GSPC). 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.
Drawdowns
WEBA.DE vs. ^GSPC - Drawdown Comparison
The maximum WEBA.DE drawdown since its inception was -10.60%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for WEBA.DE and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
WEBA.DE vs. ^GSPC - Volatility Comparison
Amundi US Tech 100 Equal Weight UCITS ETF USD D (WEBA.DE) and S&P 500 (^GSPC) have volatilities of 3.25% and 3.37%, 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.