WELE.DE vs. VADDX

Last updated Jun 5, 2026

WELE.DE (Amundi S&P 500 Equal Weight ESG UCITS ETF Acc) and VADDX (Invesco Equally-Weighted S&P 500 Fund) are both S&P 500 funds - WELE.DE tracks the S&P 500 Equal Weight ESG Leaders Select while VADDX tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, WELE.DE returned 11.24%/yr vs 12.08%/yr for VADDX. A 0.63 correlation means they provide meaningful diversification when combined. WELE.DE charges 0.18%/yr vs 0.27%/yr for VADDX.

Performance

WELE.DE vs. VADDX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) and Invesco Equally-Weighted S&P 500 Fund (VADDX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WELE.DE is traded in EUR, while VADDX is traded in USD. To make them comparable, the VADDX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, WELE.DE achieves a 8.45% return, which is significantly lower than VADDX's 10.99% return.

WELE.DE

• 1D: 0.41%
• 1M: 4.81%
• YTD: 8.45%
• 6M: 9.89%
• 1Y: 18.08%
• 3Y*: 11.24%
• 5Y*: —
• 10Y*: —

VADDX

• 1D: -0.14%
• 1M: 3.70%
• YTD: 10.99%
• 6M: 10.47%
• 1Y: 17.78%
• 3Y*: 12.08%
• 5Y*: 9.24%
• 10Y*: 11.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WELE.DE vs. VADDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WELE.DE Amundi S&P 500 Equal Weight ESG UCITS ETF Acc	8.45%	0.70%	16.40%	10.64%	6.39%
VADDX Invesco Equally-Weighted S&P 500 Fund	10.99%	-2.03%	20.12%	10.17%	5.48%

Correlation

The correlation between WELE.DE and VADDX is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022	0.63

The correlation between WELE.DE and VADDX has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

Return for Risk

WELE.DE vs. VADDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WELE.DE

WELE.DE Risk / Return Rank: 50
WELE.DE Sharpe Ratio Rank: 46
WELE.DE Sortino Ratio Rank: 46
WELE.DE Omega Ratio Rank: 45
WELE.DE Calmar Ratio Rank: 59
WELE.DE Martin Ratio Rank: 54

VADDX

VADDX Risk / Return Rank: 37
VADDX Sharpe Ratio Rank: 34
VADDX Sortino Ratio Rank: 34
VADDX Omega Ratio Rank: 32
VADDX Calmar Ratio Rank: 43
VADDX Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WELE.DE vs. VADDX - 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 Equally-Weighted S&P 500 Fund (VADDX). 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.

	WELE.DE	VADDX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.46	+0.12
Sortino ratio: Return per unit of downside risk	2.28	2.02	+0.26
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.03
Calmar ratio: Return relative to maximum drawdown	2.87	2.84	+0.02
Martin ratio: Return relative to average drawdown	9.27	9.16	+0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WELE.DE vs. VADDX - Sharpe Ratio Comparison

The current WELE.DE Sharpe Ratio is 1.59, which is comparable to the VADDX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of WELE.DE and VADDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WELE.DE	VADDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	1.46	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.50	+0.23

Drawdowns

WELE.DE vs. VADDX - Drawdown Comparison

The maximum WELE.DE drawdown since its inception was -23.73%, smaller than the maximum VADDX drawdown of -54.56%. Use the drawdown chart below to compare losses from any high point for WELE.DE and VADDX.

Drawdown Indicators

	WELE.DE	VADDX	Difference
Max Drawdown Largest peak-to-trough decline	-23.73%	-54.56%	+30.83%
Max Drawdown (1Y) Largest decline over 1 year	-6.28%	-6.04%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-23.73%	-21.86%	-1.87%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.86%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.72%	—
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	-5.63%	-7.99%	+2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	1.87%	+0.08%

Volatility

WELE.DE vs. VADDX - Volatility Comparison

Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) has a higher volatility of 2.24% compared to Invesco Equally-Weighted S&P 500 Fund (VADDX) at 2.09%. This indicates that WELE.DE's price experiences larger fluctuations and is considered to be riskier than VADDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WELE.DE	VADDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.24%	2.09%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	7.47%	8.34%	-0.87%
Volatility (1Y) Calculated over the trailing 1-year period	11.35%	11.81%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.41%	15.95%	-1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.41%	18.93%	-4.52%

WELE.DE vs. VADDX - Expense Ratio Comparison

WELE.DE has a 0.18% expense ratio, which is lower than VADDX's 0.27% 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%.

Dividends

WELE.DE vs. VADDX - Dividend Comparison

WELE.DE has not paid dividends to shareholders, while VADDX's dividend yield for the trailing twelve months is around 9.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VADDX Invesco Equally-Weighted S&P 500 Fund	9.20%	10.09%	8.88%	4.86%	8.45%	9.92%	6.38%	4.68%	7.13%	2.97%	0.30%	2.98%
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%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WELE.DE and VADDX in my portfolio?

WELE.DE and VADDX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.