WELD.DE vs. GOLD.AS
WELD.DE (Amundi S&P Global Utilities ESG UCITS ETF EUR Acc) and GOLD.AS (Amundi Physical Gold ETC C) are both exchange-traded funds - WELD.DE is a Utilities Equities fund tracking the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Utilities, while GOLD.AS is a Precious Metals fund tracking the LMBA Gold Price PM USD. Both are passively managed. Over the past 3 years, WELD.DE returned 11.09%/yr vs 28.06%/yr for GOLD.AS. At a 0.18 correlation, their price movements are largely independent. WELD.DE charges 0.18%/yr vs 0.12%/yr for GOLD.AS.
Performance
WELD.DE vs. GOLD.AS - Performance Comparison
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Different Trading Currencies
WELD.DE is traded in EUR, while GOLD.AS is traded in USD. To make them comparable, the GOLD.AS values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WELD.DE achieves a 6.78% return, which is significantly higher than GOLD.AS's 4.78% return.
WELD.DE
- 1D
- -1.00%
- 1M
- -5.21%
- YTD
- 6.78%
- 6M
- 5.30%
- 1Y
- 15.75%
- 3Y*
- 11.09%
- 5Y*
- —
- 10Y*
- —
GOLD.AS
- 1D
- 0.53%
- 1M
- -1.71%
- YTD
- 4.78%
- 6M
- 6.30%
- 1Y
- 30.12%
- 3Y*
- 28.06%
- 5Y*
- 19.71%
- 10Y*
- —
WELD.DE vs. GOLD.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELD.DE Amundi S&P Global Utilities ESG UCITS ETF EUR Acc | 6.78% | 18.60% | 10.09% | 1.57% | 9.15% |
GOLD.AS Amundi Physical Gold ETC C | 4.78% | 45.37% | 34.71% | 9.95% | -1.75% |
Correlation
The correlation between WELD.DE and GOLD.AS is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.18 |
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Return for Risk
WELD.DE vs. GOLD.AS — Risk / Return Rank
WELD.DE
GOLD.AS
WELD.DE vs. GOLD.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Utilities ESG UCITS ETF EUR Acc (WELD.DE) and Amundi Physical Gold ETC C (GOLD.AS). 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.
| WELD.DE | GOLD.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 1.72 | +0.63 |
| Martin ratioReturn relative to average drawdown | 6.47 | 4.51 | +1.96 |
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
| WELD.DE | GOLD.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.23 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 1.12 | -0.18 |
Drawdowns
WELD.DE vs. GOLD.AS - Drawdown Comparison
The maximum WELD.DE drawdown since its inception was -14.07%, smaller than the maximum GOLD.AS drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for WELD.DE and GOLD.AS.
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Drawdown Indicators
| WELD.DE | GOLD.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.07% | -18.25% | +4.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -17.29% | +10.61% |
Max Drawdown (3Y)Largest decline over 3 years | -12.61% | -17.29% | +4.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.29% | — |
Current DrawdownCurrent decline from peak | -6.55% | -15.10% | +8.55% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -5.64% | +2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 6.63% | -4.20% |
Volatility
WELD.DE vs. GOLD.AS - Volatility Comparison
The current volatility for Amundi S&P Global Utilities ESG UCITS ETF EUR Acc (WELD.DE) is 4.02%, while Amundi Physical Gold ETC C (GOLD.AS) has a volatility of 5.71%. This indicates that WELD.DE experiences smaller price fluctuations and is considered to be less risky than GOLD.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WELD.DE | GOLD.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 5.71% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 21.43% | -11.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 24.26% | -11.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 16.62% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.35% | 16.32% | -2.97% |
WELD.DE vs. GOLD.AS - Expense Ratio Comparison
WELD.DE has a 0.18% expense ratio, which is higher than GOLD.AS's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WELD.DE vs. GOLD.AS - Dividend Comparison
Neither WELD.DE nor GOLD.AS has paid dividends to shareholders.
Frequently Asked Questions
WELD.DE and GOLD.AS have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GOLD.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GOLD.AS is cheaper with a 0.12% expense ratio, compared with 0.18% for WELD.DE.
WELD.DE is categorized as Utilities Equities, while GOLD.AS is Precious Metals. WELD.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Utilities, while GOLD.AS tracks LMBA Gold Price PM USD. Their fees differ too: 0.18% for WELD.DE and 0.12% for GOLD.AS.
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