WELC.DE vs. 36BB.DE
WELC.DE (Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist) and 36BB.DE (iShares MSCI World Consumer Discretionary Sector ESG UCITS ETF USD Dist) are both Consumer Staples Equities funds - WELC.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary while 36BB.DE tracks the MSCI World Consumer Discretionary. Both are passively managed. Over the past 3 years, WELC.DE returned 9.08%/yr vs 7.40%/yr for 36BB.DE. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.18% expense ratio.
Performance
WELC.DE vs. 36BB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WELC.DE achieves a -1.47% return, which is significantly higher than 36BB.DE's -2.32% return.
WELC.DE
- 1D
- 0.30%
- 1M
- -0.33%
- YTD
- -1.47%
- 6M
- -1.22%
- 1Y
- 6.53%
- 3Y*
- 9.08%
- 5Y*
- —
- 10Y*
- —
36BB.DE
- 1D
- 0.28%
- 1M
- 0.04%
- YTD
- -2.32%
- 6M
- -1.63%
- 1Y
- 4.30%
- 3Y*
- 7.40%
- 5Y*
- 4.56%
- 10Y*
- —
WELC.DE vs. 36BB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELC.DE Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist | -1.47% | -5.06% | 29.51% | 30.69% | -8.13% |
36BB.DE iShares MSCI World Consumer Discretionary Sector ESG UCITS ETF USD Dist | -2.32% | -5.30% | 22.34% | 32.38% | -10.29% |
Correlation
The correlation between WELC.DE and 36BB.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.97 |
The correlation between WELC.DE and 36BB.DE has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
WELC.DE vs. 36BB.DE — Risk / Return Rank
WELC.DE
36BB.DE
WELC.DE vs. 36BB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist (WELC.DE) and iShares MSCI World Consumer Discretionary Sector ESG UCITS ETF USD Dist (36BB.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.
| WELC.DE | 36BB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.06 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.28 | +0.16 |
| Martin ratioReturn relative to average drawdown | 1.21 | 0.77 | +0.44 |
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
| WELC.DE | 36BB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 0.26 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.43 | +0.17 |
Drawdowns
WELC.DE vs. 36BB.DE - Drawdown Comparison
The maximum WELC.DE drawdown since its inception was -28.15%, smaller than the maximum 36BB.DE drawdown of -35.03%. Use the drawdown chart below to compare losses from any high point for WELC.DE and 36BB.DE.
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Drawdown Indicators
| WELC.DE | 36BB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.15% | -35.03% | +6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -15.07% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -28.15% | -27.35% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.92% | — |
Current DrawdownCurrent decline from peak | -10.11% | -11.48% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -10.96% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 5.59% | -0.21% |
Volatility
WELC.DE vs. 36BB.DE - Volatility Comparison
Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist (WELC.DE) and iShares MSCI World Consumer Discretionary Sector ESG UCITS ETF USD Dist (36BB.DE) have volatilities of 4.86% and 4.81%, 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
| WELC.DE | 36BB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 4.81% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 12.73% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 16.71% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 19.44% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 20.85% | -2.82% |
WELC.DE vs. 36BB.DE - Expense Ratio Comparison
Both WELC.DE and 36BB.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
WELC.DE vs. 36BB.DE - Dividend Comparison
WELC.DE's dividend yield for the trailing twelve months is around 0.81%, less than 36BB.DE's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36BB.DE iShares MSCI World Consumer Discretionary Sector ESG UCITS ETF USD Dist | 0.91% | 0.89% | 1.01% | 0.99% | 1.43% | 0.77% | 1.30% | 0.28% |
WELC.DE Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist | 0.81% | 0.93% | 0.83% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, WELC.DE and 36BB.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WELC.DE and 36BB.DE have the same expense ratio: 0.18% per year.
WELC.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary, while 36BB.DE tracks MSCI World Consumer Discretionary. They also come from different issuers: Amundi and iShares.
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