WELC.DE vs. SC0P.DE
WELC.DE (Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist) and SC0P.DE (Invesco European Autos Sector UCITS ETF) are both Consumer Staples Equities funds - WELC.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary while SC0P.DE tracks the STOXX® Europe 600 Optimised Automobiles & Parts. Both are passively managed. Over the past 3 years, WELC.DE returned 7.89%/yr vs -8.21%/yr for SC0P.DE. A 0.54 correlation means they provide meaningful diversification when combined. WELC.DE charges 0.18%/yr vs 0.20%/yr for SC0P.DE.
Performance
WELC.DE vs. SC0P.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WELC.DE achieves a -2.98% return, which is significantly higher than SC0P.DE's -16.96% return.
WELC.DE
- 1D
- 0.00%
- 1M
- -4.62%
- YTD
- -2.98%
- 6M
- -3.77%
- 1Y
- 7.93%
- 3Y*
- 7.89%
- 5Y*
- —
- 10Y*
- —
SC0P.DE
- 1D
- -1.53%
- 1M
- -8.96%
- YTD
- -16.96%
- 6M
- -16.37%
- 1Y
- -9.74%
- 3Y*
- -8.21%
- 5Y*
- -5.19%
- 10Y*
- 2.98%
WELC.DE vs. SC0P.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELC.DE Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist | -2.98% | -5.06% | 29.51% | 30.69% | -16.33% |
SC0P.DE Invesco European Autos Sector UCITS ETF | -16.96% | 2.03% | -10.79% | 24.20% | -0.24% |
Correlation
The correlation between WELC.DE and SC0P.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.54 |
The correlation between WELC.DE and SC0P.DE has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
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Return for Risk
WELC.DE vs. SC0P.DE — Risk / Return Rank
WELC.DE
SC0P.DE
WELC.DE vs. SC0P.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 Invesco European Autos Sector UCITS ETF (SC0P.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WELC.DE | SC0P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.95 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | -0.47 | +1.01 |
| Martin ratioReturn relative to average drawdown | 1.42 | -0.99 | +2.41 |
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Drawdowns
WELC.DE vs. SC0P.DE - Drawdown Comparison
The maximum WELC.DE drawdown since its inception was -28.15%, smaller than the maximum SC0P.DE drawdown of -60.05%. Use the drawdown chart below to compare losses from any high point for WELC.DE and SC0P.DE.
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Drawdown Indicators
| WELC.DE | SC0P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.15% | -60.05% | +31.90% |
Max Drawdown (1Y)Largest decline over 1 year | -14.64% | -20.74% | +6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -28.15% | -35.82% | +7.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.05% | — |
Current DrawdownCurrent decline from peak | -11.49% | -35.07% | +23.58% |
Average DrawdownAverage peak-to-trough decline | -7.25% | -15.39% | +8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.56% | 9.85% | -4.29% |
Volatility
WELC.DE vs. SC0P.DE - Volatility Comparison
The current volatility for Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist (WELC.DE) is 4.74%, while Invesco European Autos Sector UCITS ETF (SC0P.DE) has a volatility of 6.21%. This indicates that WELC.DE experiences smaller price fluctuations and is considered to be less risky than SC0P.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 | SC0P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 6.21% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.81% | 17.79% | -4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.76% | 23.45% | -6.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 24.61% | -6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 25.84% | -7.65% |
WELC.DE vs. SC0P.DE - Expense Ratio Comparison
WELC.DE has a 0.18% expense ratio, which is lower than SC0P.DE'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
WELC.DE vs. SC0P.DE - Dividend Comparison
WELC.DE's dividend yield for the trailing twelve months is around 0.83%, while SC0P.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SC0P.DE Invesco European Autos Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
WELC.DE Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist | 0.83% | 0.93% | 0.83% | 0.73% |
Frequently Asked Questions
WELC.DE and SC0P.DE have a correlation of 0.50, 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 0.20% for SC0P.DE.
WELC.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary, while SC0P.DE tracks STOXX® Europe 600 Optimised Automobiles & Parts. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.18% for WELC.DE and 0.20% for SC0P.DE.
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