WELG.DE vs. WH2E.DE
Compare and contrast key facts about Amundi S&P Global Health Care ESG UCITS ETF EUR Dist (WELG.DE) and Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE).
WELG.DE and WH2E.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WELG.DE is a passively managed fund by Amundi that tracks the performance of the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Health Care. It was launched on Sep 20, 2022. WH2E.DE is a passively managed fund by Invesco that tracks the performance of the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care. It was launched on Apr 12, 2023. Both WELG.DE and WH2E.DE 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: WELG.DE or WH2E.DE.
Key characteristics
| WELG.DE | WH2E.DE | |
|---|---|---|
| YTD Return | 15.62% | 15.87% |
| 1Y Return | 17.08% | 18.09% |
| Sharpe Ratio | 1.60 | 1.64 |
| Daily Std Dev | 10.53% | 10.75% |
| Max Drawdown | -10.04% | -7.37% |
| Current Drawdown | -3.15% | -3.35% |
Correlation
The correlation between WELG.DE and WH2E.DE is 0.98, 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
WELG.DE vs. WH2E.DE - Performance Comparison
The year-to-date returns for both investments are quite close, with WELG.DE having a 15.62% return and WH2E.DE slightly higher at 15.87%. 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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WELG.DE vs. WH2E.DE - Expense Ratio Comparison
Both WELG.DE and WH2E.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
WELG.DE vs. WH2E.DE - Risk-Adjusted Performance 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 Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.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.
Dividends
WELG.DE vs. WH2E.DE - Dividend Comparison
WELG.DE's dividend yield for the trailing twelve months is around 0.85%, while WH2E.DE has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
WELG.DE Amundi S&P Global Health Care ESG UCITS ETF EUR Dist | 0.85% | 0.17% |
WH2E.DE Invesco S&P World Health Care ESG UCITS ETF Acc | 0.00% | 0.00% |
Drawdowns
WELG.DE vs. WH2E.DE - Drawdown Comparison
The maximum WELG.DE drawdown since its inception was -10.04%, which is greater than WH2E.DE's maximum drawdown of -7.37%. Use the drawdown chart below to compare losses from any high point for WELG.DE and WH2E.DE. For additional features, visit the drawdowns tool.
Volatility
WELG.DE vs. WH2E.DE - Volatility Comparison
Amundi S&P Global Health Care ESG UCITS ETF EUR Dist (WELG.DE) and Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE) have volatilities of 2.85% and 2.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.