WELE.DE vs. EMNJ.DE
WELE.DE (Amundi S&P 500 Equal Weight ESG UCITS ETF Acc) and EMNJ.DE (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) are both exchange-traded funds - WELE.DE is a ESG fund tracking the S&P 500 Equal Weight ESG Leaders Select Index, while EMNJ.DE is a Japan Equities fund tracking the MSCI Japan ESG Enhanced Focus CTB Index. Both are passively managed. Over the past 3 years, WELE.DE returned 12.27%/yr vs 16.68%/yr for EMNJ.DE. At a 0.49 correlation, their price movements are largely independent. WELE.DE charges 0.18%/yr vs 0.15%/yr for EMNJ.DE.
Performance
WELE.DE vs. EMNJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WELE.DE achieves a 12.34% return, which is significantly lower than EMNJ.DE's 19.97% return.
WELE.DE
- 1D
- 0.00%
- 1M
- 1.63%
- 6M
- 9.26%
- YTD
- 12.34%
- 1Y
- 19.69%
- 3Y*
- 12.27%
- 5Y*
- —
- 10Y*
- —
EMNJ.DE
- 1D
- -0.76%
- 1M
- 1.81%
- 6M
- 13.73%
- YTD
- 19.97%
- 1Y
- 39.88%
- 3Y*
- 16.68%
- 5Y*
- 9.72%
- 10Y*
- —
WELE.DE vs. EMNJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELE.DE Amundi S&P 500 Equal Weight ESG UCITS ETF Acc | 12.34% | 0.70% | 16.40% | 10.64% | 6.78% |
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 19.97% | 12.87% | 10.79% | 16.08% | 3.73% |
Correlation
The correlation between WELE.DE and EMNJ.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | 0.49 |
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Return for Risk
WELE.DE vs. EMNJ.DE — Risk / Return Rank
WELE.DE
EMNJ.DE
WELE.DE vs. EMNJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) and iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.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.
| WELE.DE | EMNJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 3.71 | -0.56 |
| Martin ratioReturn relative to average drawdown | 10.53 | 12.48 | -1.95 |
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Drawdowns
WELE.DE vs. EMNJ.DE - Drawdown Comparison
The maximum WELE.DE drawdown since its inception was -23.73%, smaller than the maximum EMNJ.DE drawdown of -28.10%. Use the drawdown chart below to compare losses from any high point for WELE.DE and EMNJ.DE.
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Drawdown Indicators
| WELE.DE | EMNJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.73% | -28.10% | +4.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.28% | -10.70% | +4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -23.73% | -16.91% | -6.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.91% | — |
Current DrawdownCurrent decline from peak | -1.07% | -2.74% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -6.57% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 3.19% | -1.31% |
Volatility
WELE.DE vs. EMNJ.DE - Volatility Comparison
The current volatility for Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) is 3.11%, while iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.DE) has a volatility of 6.67%. This indicates that WELE.DE experiences smaller price fluctuations and is considered to be less risky than EMNJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WELE.DE | EMNJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 6.67% | -3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 16.64% | -8.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 20.49% | -9.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 17.02% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.35% | 18.26% | -3.91% |
WELE.DE vs. EMNJ.DE - Expense Ratio Comparison
WELE.DE has a 0.18% expense ratio, which is higher than EMNJ.DE's 0.15% 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
WELE.DE vs. EMNJ.DE - Dividend Comparison
WELE.DE has not paid dividends to shareholders, while EMNJ.DE's dividend yield for the trailing twelve months is around 1.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 1.42% | 1.58% | 1.80% | 1.75% | 2.16% | 1.66% | 1.63% | 1.72% |
WELE.DE Amundi S&P 500 Equal Weight ESG UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WELE.DE and EMNJ.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMNJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNJ.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for WELE.DE.
WELE.DE is categorized as ESG, while EMNJ.DE is Japan Equities. WELE.DE tracks S&P 500 Equal Weight ESG Leaders Select Index, while EMNJ.DE tracks MSCI Japan ESG Enhanced Focus CTB Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for WELE.DE and 0.15% for EMNJ.DE.
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