WELG.DE vs. DXSE.DE
WELG.DE (Amundi S&P Global Health Care ESG UCITS ETF EUR Dist) and DXSE.DE (Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C) are both Health & Biotech Equities funds - WELG.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Health Care while DXSE.DE tracks the MSCI Europe Health Care ESG Screened 20-35. Both are passively managed. Over the past 3 years, WELG.DE returned 2.22%/yr vs 2.51%/yr for DXSE.DE. A 0.70 correlation means they provide meaningful diversification when combined. WELG.DE charges 0.18%/yr vs 0.17%/yr for DXSE.DE.
Performance
WELG.DE vs. DXSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WELG.DE achieves a -3.60% return, which is significantly lower than DXSE.DE's -1.95% return.
WELG.DE
- 1D
- 2.97%
- 1M
- 3.72%
- YTD
- -3.60%
- 6M
- -3.07%
- 1Y
- 7.16%
- 3Y*
- 2.22%
- 5Y*
- —
- 10Y*
- —
DXSE.DE
- 1D
- 2.90%
- 1M
- 0.52%
- YTD
- -1.95%
- 6M
- -0.32%
- 1Y
- 5.13%
- 3Y*
- 2.51%
- 5Y*
- 5.38%
- 10Y*
- 6.10%
WELG.DE vs. DXSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELG.DE Amundi S&P Global Health Care ESG UCITS ETF EUR Dist | -3.60% | 1.26% | 7.51% | 1.94% | 4.13% |
DXSE.DE Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C | -1.95% | 4.97% | 4.52% | 9.56% | 5.38% |
Correlation
The correlation between WELG.DE and DXSE.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.70 |
The correlation between WELG.DE and DXSE.DE has been stable across timeframes, ranging from 0.70 to 0.73 - a consistent structural relationship.
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Return for Risk
WELG.DE vs. DXSE.DE — Risk / Return Rank
WELG.DE
DXSE.DE
WELG.DE vs. DXSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Health Care ESG UCITS ETF EUR Dist (WELG.DE) and Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C (DXSE.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.
| WELG.DE | DXSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.06 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.38 | +0.18 |
| Martin ratioReturn relative to average drawdown | 1.29 | 0.82 | +0.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WELG.DE | DXSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.27 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.32 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.45 | -0.22 |
Drawdowns
WELG.DE vs. DXSE.DE - Drawdown Comparison
The maximum WELG.DE drawdown since its inception was -23.11%, smaller than the maximum DXSE.DE drawdown of -34.30%. Use the drawdown chart below to compare losses from any high point for WELG.DE and DXSE.DE.
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Drawdown Indicators
| WELG.DE | DXSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.11% | -34.30% | +11.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -12.67% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -23.11% | -28.10% | +4.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.10% | — |
Current DrawdownCurrent decline from peak | -12.09% | -13.88% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -8.34% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.34% | 5.81% | -0.47% |
Volatility
WELG.DE vs. DXSE.DE - Volatility Comparison
The current volatility for Amundi S&P Global Health Care ESG UCITS ETF EUR Dist (WELG.DE) is 5.31%, while Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C (DXSE.DE) has a volatility of 5.82%. This indicates that WELG.DE experiences smaller price fluctuations and is considered to be less risky than DXSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WELG.DE | DXSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 5.82% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 11.95% | -1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.54% | 17.63% | -3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 16.48% | -2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.49% | 16.04% | -2.55% |
WELG.DE vs. DXSE.DE - Expense Ratio Comparison
WELG.DE has a 0.18% expense ratio, which is higher than DXSE.DE's 0.17% 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
WELG.DE vs. DXSE.DE - Dividend Comparison
WELG.DE's dividend yield for the trailing twelve months is around 1.55%, while DXSE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DXSE.DE Xtrackers MSCI Europe Health Care ESG Screened UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% |
WELG.DE Amundi S&P Global Health Care ESG UCITS ETF EUR Dist | 1.55% | 1.36% | 0.92% | 0.17% |
Frequently Asked Questions
WELG.DE and DXSE.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXSE.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXSE.DE is cheaper with a 0.17% expense ratio, compared with 0.18% for WELG.DE.
WELG.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Health Care, while DXSE.DE tracks MSCI Europe Health Care ESG Screened 20-35. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.18% for WELG.DE and 0.17% for DXSE.DE.
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