WELH.DE vs. DXSL.DE

Last updated Jun 5, 2026

WELH.DE (Amundi S&P Global Industrials ESG UCITS ETF EUR Acc) and DXSL.DE (Xtrackers MSCI Europe Industrials ESG Screened UCITS ETF 1C) are both Industrials Equities funds - WELH.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials while DXSL.DE tracks the MSCI Europe Industrials ESG Screened 20-35. Both are passively managed. Over the past 3 years, WELH.DE returned 17.39%/yr vs 14.15%/yr for DXSL.DE. Their correlation of 0.82 suggests significant overlap in exposure. WELH.DE charges 0.18%/yr vs 0.17%/yr for DXSL.DE.

Performance

WELH.DE vs. DXSL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.DE) and Xtrackers MSCI Europe Industrials ESG Screened UCITS ETF 1C (DXSL.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WELH.DE achieves a 15.64% return, which is significantly higher than DXSL.DE's 8.84% return.

WELH.DE

• 1D: 0.12%
• 1M: 0.12%
• YTD: 15.64%
• 6M: 15.66%
• 1Y: 23.77%
• 3Y*: 17.39%
• 5Y*: —
• 10Y*: —

DXSL.DE

• 1D: 0.45%
• 1M: -3.07%
• YTD: 8.84%
• 6M: 10.48%
• 1Y: 14.26%
• 3Y*: 14.15%
• 5Y*: 9.06%
• 10Y*: 11.00%

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

WELH.DE vs. DXSL.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WELH.DE Amundi S&P Global Industrials ESG UCITS ETF EUR Acc	15.64%	9.85%	16.48%	19.96%	7.75%
DXSL.DE Xtrackers MSCI Europe Industrials ESG Screened UCITS ETF 1C	8.84%	15.36%	9.82%	24.09%	12.42%

Correlation

The correlation between WELH.DE and DXSL.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.82

The correlation between WELH.DE and DXSL.DE has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.

Return for Risk

WELH.DE vs. DXSL.DE — Risk / Return Rank

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

WELH.DE

WELH.DE Risk / Return Rank: 49
WELH.DE Sharpe Ratio Rank: 46
WELH.DE Sortino Ratio Rank: 50
WELH.DE Omega Ratio Rank: 46
WELH.DE Calmar Ratio Rank: 50
WELH.DE Martin Ratio Rank: 53

DXSL.DE

DXSL.DE Risk / Return Rank: 24
DXSL.DE Sharpe Ratio Rank: 22
DXSL.DE Sortino Ratio Rank: 23
DXSL.DE Omega Ratio Rank: 23
DXSL.DE Calmar Ratio Rank: 24
DXSL.DE Martin Ratio Rank: 28

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.

WELH.DE vs. DXSL.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.DE) and Xtrackers MSCI Europe Industrials ESG Screened UCITS ETF 1C (DXSL.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.

	WELH.DE	DXSL.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.60	0.75	+0.84
Sortino ratio: Return per unit of downside risk	2.42	1.23	+1.18
Omega ratio: Gain probability vs. loss probability	1.29	1.15	+0.14
Calmar ratio: Return relative to maximum drawdown	2.43	1.10	+1.33
Martin ratio: Return relative to average drawdown	8.98	3.89	+5.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WELH.DE vs. DXSL.DE - Sharpe Ratio Comparison

The current WELH.DE Sharpe Ratio is 1.60, which is higher than the DXSL.DE Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of WELH.DE and DXSL.DE, 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

	WELH.DE	DXSL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	0.75	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.47	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	0.38	+0.89

Drawdowns

WELH.DE vs. DXSL.DE - Drawdown Comparison

The maximum WELH.DE drawdown since its inception was -20.70%, smaller than the maximum DXSL.DE drawdown of -58.54%. Use the drawdown chart below to compare losses from any high point for WELH.DE and DXSL.DE.

Drawdown Indicators

	WELH.DE	DXSL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.70%	-58.54%	+37.84%
Max Drawdown (1Y) Largest decline over 1 year	-9.84%	-13.21%	+3.37%
Max Drawdown (3Y) Largest decline over 3 years	-20.70%	-20.06%	-0.64%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.92%	—
Current Drawdown Current decline from peak	0.00%	-3.07%	+3.07%
Average Drawdown Average peak-to-trough decline	-2.65%	-10.00%	+7.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	3.75%	-1.08%

Volatility

WELH.DE vs. DXSL.DE - Volatility Comparison

The current volatility for Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.DE) is 3.89%, while Xtrackers MSCI Europe Industrials ESG Screened UCITS ETF 1C (DXSL.DE) has a volatility of 6.00%. This indicates that WELH.DE experiences smaller price fluctuations and is considered to be less risky than DXSL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WELH.DE	DXSL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	6.00%	-2.11%
Volatility (6M) Calculated over the trailing 6-month period	12.20%	15.78%	-3.58%
Volatility (1Y) Calculated over the trailing 1-year period	14.98%	19.33%	-4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	19.22%	-3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	19.64%	-4.36%

WELH.DE vs. DXSL.DE - Expense Ratio Comparison

WELH.DE has a 0.18% expense ratio, which is higher than DXSL.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

WELH.DE vs. DXSL.DE - Dividend Comparison

Neither WELH.DE nor DXSL.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WELH.DE and DXSL.DE in my portfolio?

WELH.DE and DXSL.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WELH.DE or DXSL.DE?

On fees, DXSL.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WELH.DE or DXSL.DE?

DXSL.DE is cheaper with a 0.17% expense ratio, compared with 0.18% for WELH.DE.

What is the main difference between WELH.DE and DXSL.DE?

WELH.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials, while DXSL.DE tracks MSCI Europe Industrials ESG Screened 20-35. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.18% for WELH.DE and 0.17% for DXSL.DE.