WELE.DE vs. EUED.DE
WELE.DE (Amundi S&P 500 Equal Weight ESG UCITS ETF Acc) and EUED.DE (iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist)) are both exchange-traded funds - WELE.DE is a ESG fund tracking the S&P 500 Equal Weight ESG Leaders Select Index, while EUED.DE is a Ultrashort Bond fund tracking the iBoxx MSCI ESG SRI EUR Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 3 years, WELE.DE returned 12.27%/yr vs 3.35%/yr for EUED.DE. At a 0.06 correlation, their price movements are largely independent. WELE.DE charges 0.18%/yr vs 0.09%/yr for EUED.DE.
Performance
WELE.DE vs. EUED.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 higher than EUED.DE's 1.35% return.
WELE.DE
- 1D
- 0.00%
- 1M
- 1.63%
- 6M
- 9.26%
- YTD
- 12.34%
- 1Y
- 19.69%
- 3Y*
- 12.27%
- 5Y*
- —
- 10Y*
- —
EUED.DE
- 1D
- 0.20%
- 1M
- 0.37%
- 6M
- 1.15%
- YTD
- 1.35%
- 1Y
- 2.39%
- 3Y*
- 3.35%
- 5Y*
- 2.15%
- 10Y*
- —
WELE.DE vs. EUED.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% |
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 1.35% | 2.56% | 4.11% | 3.40% | 0.40% |
Correlation
The correlation between WELE.DE and EUED.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | 0.06 |
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Return for Risk
WELE.DE vs. EUED.DE — Risk / Return Rank
WELE.DE
EUED.DE
WELE.DE vs. EUED.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 € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.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 | EUED.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.47 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 11.93 | -8.78 |
| Martin ratioReturn relative to average drawdown | 10.53 | 26.53 | -16.00 |
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Drawdowns
WELE.DE vs. EUED.DE - Drawdown Comparison
The maximum WELE.DE drawdown since its inception was -23.73%, which is greater than EUED.DE's maximum drawdown of -3.54%. Use the drawdown chart below to compare losses from any high point for WELE.DE and EUED.DE.
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Drawdown Indicators
| WELE.DE | EUED.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.73% | -3.54% | -20.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.28% | -0.20% | -6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -23.73% | -0.39% | -23.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.20% | — |
Current DrawdownCurrent decline from peak | -1.07% | 0.00% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -0.73% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 0.09% | +1.79% |
Volatility
WELE.DE vs. EUED.DE - Volatility Comparison
Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) has a higher volatility of 3.11% compared to iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.DE) at 0.28%. This indicates that WELE.DE's price experiences larger fluctuations and is considered to be riskier than EUED.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 | EUED.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 0.28% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 1.03% | +6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 1.55% | +9.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 1.65% | +12.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.35% | 2.51% | +11.84% |
WELE.DE vs. EUED.DE - Expense Ratio Comparison
WELE.DE has a 0.18% expense ratio, which is higher than EUED.DE's 0.09% 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. EUED.DE - Dividend Comparison
WELE.DE has not paid dividends to shareholders, while EUED.DE's dividend yield for the trailing twelve months is around 2.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 2.36% | 2.74% | 3.86% | 2.75% | 0.00% | 0.00% | 0.11% |
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% |
Frequently Asked Questions
WELE.DE and EUED.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUED.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUED.DE is cheaper with a 0.09% expense ratio, compared with 0.18% for WELE.DE.
WELE.DE is categorized as ESG, while EUED.DE is Ultrashort Bond. WELE.DE tracks S&P 500 Equal Weight ESG Leaders Select Index, while EUED.DE tracks iBoxx MSCI ESG SRI EUR Liquid Investment Grade Ultrashort Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for WELE.DE and 0.09% for EUED.DE.
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