WELC.DE vs. CEMG.DE
WELC.DE (Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist) and CEMG.DE (iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc)) are both Consumer Staples Equities funds - WELC.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary while CEMG.DE tracks the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Both are passively managed. Over the past 3 years, WELC.DE returned 9.08%/yr vs 3.00%/yr for CEMG.DE. A 0.59 correlation means they provide meaningful diversification when combined. WELC.DE charges 0.18%/yr vs 0.60%/yr for CEMG.DE.
Performance
WELC.DE vs. CEMG.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 CEMG.DE's -7.03% return.
WELC.DE
- 1D
- 0.30%
- 1M
- -0.44%
- YTD
- -1.47%
- 6M
- -1.83%
- 1Y
- 6.55%
- 3Y*
- 9.08%
- 5Y*
- —
- 10Y*
- —
CEMG.DE
- 1D
- -0.23%
- 1M
- -1.58%
- YTD
- -7.03%
- 6M
- -8.66%
- 1Y
- -8.22%
- 3Y*
- 3.00%
- 5Y*
- -2.27%
- 10Y*
- 3.56%
WELC.DE vs. CEMG.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% |
CEMG.DE iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) | -7.03% | 0.86% | 16.93% | 1.69% | 1.74% |
Correlation
The correlation between WELC.DE and CEMG.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.59 |
The correlation between WELC.DE and CEMG.DE has been stable across timeframes, ranging from 0.59 to 0.61 - a consistent structural relationship.
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Return for Risk
WELC.DE vs. CEMG.DE — Risk / Return Rank
WELC.DE
CEMG.DE
WELC.DE vs. CEMG.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 Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.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 | CEMG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.91 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | -0.58 | +1.03 |
| Martin ratioReturn relative to average drawdown | 1.21 | -1.23 | +2.44 |
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 | CEMG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | -0.64 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.22 | +0.38 |
Drawdowns
WELC.DE vs. CEMG.DE - Drawdown Comparison
The maximum WELC.DE drawdown since its inception was -28.15%, smaller than the maximum CEMG.DE drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for WELC.DE and CEMG.DE.
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Drawdown Indicators
| WELC.DE | CEMG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.15% | -33.94% | +5.79% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -14.05% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -28.15% | -20.18% | -7.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.94% | — |
Current DrawdownCurrent decline from peak | -10.11% | -18.75% | +8.64% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -12.26% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 6.68% | -1.30% |
Volatility
WELC.DE vs. CEMG.DE - Volatility Comparison
Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist (WELC.DE) has a higher volatility of 4.86% compared to iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) (CEMG.DE) at 4.37%. This indicates that WELC.DE's price experiences larger fluctuations and is considered to be riskier than CEMG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WELC.DE | CEMG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 4.37% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 10.24% | +2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 12.88% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 18.54% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 18.33% | -0.30% |
WELC.DE vs. CEMG.DE - Expense Ratio Comparison
WELC.DE has a 0.18% expense ratio, which is lower than CEMG.DE's 0.60% expense ratio.
Dividends
WELC.DE vs. CEMG.DE - Dividend Comparison
WELC.DE's dividend yield for the trailing twelve months is around 0.81%, while CEMG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CEMG.DE iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
WELC.DE Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist | 0.81% | 0.93% | 0.83% | 0.73% |
Frequently Asked Questions
WELC.DE and CEMG.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELC.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELC.DE is cheaper with a 0.18% expense ratio, compared with 0.60% for CEMG.DE.
WELC.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary, while CEMG.DE tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for WELC.DE and 0.60% for CEMG.DE.
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