WELE.DE vs. IQSA.DE
WELE.DE (Amundi S&P 500 Equal Weight ESG UCITS ETF Acc) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - WELE.DE is a ESG fund tracking the S&P 500 Equal Weight ESG Leaders Select Index, while IQSA.DE is a Global Equities fund actively managed by Invesco. WELE.DE is passively managed, while IQSA.DE is actively managed. Over the past 3 years, WELE.DE returned 12.68%/yr vs 22.76%/yr for IQSA.DE. Their correlation of 0.82 suggests significant overlap in exposure. WELE.DE charges 0.18%/yr vs 0.30%/yr for IQSA.DE.
Performance
WELE.DE vs. IQSA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WELE.DE achieves a 12.37% return, which is significantly lower than IQSA.DE's 17.73% return.
WELE.DE
- 1D
- 0.00%
- 1M
- 5.09%
- YTD
- 12.37%
- 6M
- 13.05%
- 1Y
- 22.80%
- 3Y*
- 12.68%
- 5Y*
- —
- 10Y*
- —
IQSA.DE
- 1D
- 0.13%
- 1M
- 4.18%
- YTD
- 17.73%
- 6M
- 18.41%
- 1Y
- 34.22%
- 3Y*
- 22.76%
- 5Y*
- 15.57%
- 10Y*
- —
WELE.DE vs. IQSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELE.DE Amundi S&P 500 Equal Weight ESG UCITS ETF Acc | 12.37% | 0.70% | 16.40% | 10.64% | 6.78% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 17.73% | 9.64% | 29.92% | 20.23% | 4.80% |
Correlation
The correlation between WELE.DE and IQSA.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2022 | 0.82 |
The correlation between WELE.DE and IQSA.DE shifts across timeframes, from 0.70 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WELE.DE vs. IQSA.DE — Risk / Return Rank
WELE.DE
IQSA.DE
WELE.DE vs. IQSA.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 Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.50 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 5.50 | -1.85 |
| Martin ratioReturn relative to average drawdown | 12.10 | 22.71 | -10.61 |
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Drawdowns
WELE.DE vs. IQSA.DE - Drawdown Comparison
The maximum WELE.DE drawdown since its inception was -23.73%, smaller than the maximum IQSA.DE drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for WELE.DE and IQSA.DE.
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Drawdown Indicators
| WELE.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.73% | -34.12% | +10.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.28% | -6.20% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -23.73% | -21.35% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.35% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.23% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -4.78% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 1.50% | +0.39% |
Volatility
WELE.DE vs. IQSA.DE - Volatility Comparison
The current volatility for Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) is 2.45%, while Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a volatility of 3.12%. This indicates that WELE.DE experiences smaller price fluctuations and is considered to be less risky than IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 3.12% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 7.84% | 9.06% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.50% | 12.40% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 14.76% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.39% | 17.23% | -2.84% |
WELE.DE vs. IQSA.DE - Expense Ratio Comparison
WELE.DE has a 0.18% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
WELE.DE vs. IQSA.DE - Dividend Comparison
Neither WELE.DE nor IQSA.DE has paid dividends to shareholders.
Frequently Asked Questions
WELE.DE and IQSA.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELE.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for IQSA.DE.
WELE.DE is categorized as ESG, while IQSA.DE is Global Equities. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.18% for WELE.DE and 0.30% for IQSA.DE.
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