WELE.DE vs. SPEX.L
Compare and contrast key facts about Amundi S&P 500 Equal Weight ESG Leaders UCITS ETF - USD Acc (WELE.DE) and Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L).
WELE.DE and SPEX.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WELE.DE is a passively managed fund by Amundi that tracks the performance of the S&P 500 Equal Weight ESG Leaders Select. It was launched on May 24, 2022. SPEX.L is a passively managed fund by Invesco that tracks the performance of the Russell 1000 TR USD. It was launched on Apr 6, 2021. Both WELE.DE and SPEX.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WELE.DE or SPEX.L.
Key characteristics
| WELE.DE | SPEX.L | |
|---|---|---|
| YTD Return | 10.76% | 7.75% |
| 1Y Return | 18.79% | 14.67% |
| Sharpe Ratio | 1.74 | 0.26 |
| Daily Std Dev | 11.37% | 56.61% |
| Max Drawdown | -12.92% | -20.84% |
| Current Drawdown | -0.68% | -17.27% |
Correlation
The correlation between WELE.DE and SPEX.L is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WELE.DE vs. SPEX.L - Performance Comparison
In the year-to-date period, WELE.DE achieves a 10.76% return, which is significantly higher than SPEX.L's 7.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WELE.DE vs. SPEX.L - Expense Ratio Comparison
WELE.DE has a 0.18% expense ratio, which is lower than SPEX.L'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%.
Risk-Adjusted Performance
WELE.DE vs. SPEX.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Equal Weight ESG Leaders UCITS ETF - USD Acc (WELE.DE) and Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L). 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.
Dividends
WELE.DE vs. SPEX.L - Dividend Comparison
Neither WELE.DE nor SPEX.L has paid dividends to shareholders.
Drawdowns
WELE.DE vs. SPEX.L - Drawdown Comparison
The maximum WELE.DE drawdown since its inception was -12.92%, smaller than the maximum SPEX.L drawdown of -20.84%. Use the drawdown chart below to compare losses from any high point for WELE.DE and SPEX.L. For additional features, visit the drawdowns tool.
Volatility
WELE.DE vs. SPEX.L - Volatility Comparison
The current volatility for Amundi S&P 500 Equal Weight ESG Leaders UCITS ETF - USD Acc (WELE.DE) is 3.67%, while Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) has a volatility of 4.16%. This indicates that WELE.DE experiences smaller price fluctuations and is considered to be less risky than SPEX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.