WELH.DE vs. XDWI.DE

Last updated Jun 5, 2026

WELH.DE (Amundi S&P Global Industrials ESG UCITS ETF EUR Acc) and XDWI.DE (Xtrackers MSCI World Industrials UCITS ETF 1C) are both Industrials Equities funds - WELH.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials while XDWI.DE tracks the MSCI World/Materials NR USD. Both are passively managed. Over the past 3 years, WELH.DE returned 17.39%/yr vs 18.27%/yr for XDWI.DE. Their correlation of 0.93 suggests significant overlap in exposure. WELH.DE charges 0.18%/yr vs 0.25%/yr for XDWI.DE.

Performance

WELH.DE vs. XDWI.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 World Industrials UCITS ETF 1C (XDWI.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 XDWI.DE's 12.20% return.

WELH.DE

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

XDWI.DE

• 1D: 0.11%
• 1M: -0.95%
• YTD: 12.20%
• 6M: 13.36%
• 1Y: 19.97%
• 3Y*: 18.27%
• 5Y*: 12.48%
• 10Y*: 12.07%

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

WELH.DE vs. XDWI.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%
XDWI.DE Xtrackers MSCI World Industrials UCITS ETF 1C	12.20%	12.06%	19.50%	19.04%	5.27%

Correlation

The correlation between WELH.DE and XDWI.DE is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.93

The correlation between WELH.DE and XDWI.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

WELH.DE vs. XDWI.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

XDWI.DE

XDWI.DE Risk / Return Rank: 42
XDWI.DE Sharpe Ratio Rank: 39
XDWI.DE Sortino Ratio Rank: 41
XDWI.DE Omega Ratio Rank: 39
XDWI.DE Calmar Ratio Rank: 43
XDWI.DE Martin Ratio Rank: 46

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. XDWI.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 World Industrials UCITS ETF 1C (XDWI.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	XDWI.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.35	+0.25
Sortino ratio: Return per unit of downside risk	2.42	2.04	+0.38
Omega ratio: Gain probability vs. loss probability	1.29	1.25	+0.04
Calmar ratio: Return relative to maximum drawdown	2.43	2.10	+0.33
Martin ratio: Return relative to average drawdown	8.98	7.51	+1.47
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. XDWI.DE - Sharpe Ratio Comparison

The current WELH.DE Sharpe Ratio is 1.60, which is comparable to the XDWI.DE Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of WELH.DE and XDWI.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	XDWI.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	1.35	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	0.71	+0.55

Drawdowns

WELH.DE vs. XDWI.DE - Drawdown Comparison

The maximum WELH.DE drawdown since its inception was -20.70%, smaller than the maximum XDWI.DE drawdown of -38.10%. Use the drawdown chart below to compare losses from any high point for WELH.DE and XDWI.DE.

Drawdown Indicators

	WELH.DE	XDWI.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.70%	-38.10%	+17.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.84%	-9.28%	-0.56%
Max Drawdown (3Y) Largest decline over 3 years	-20.70%	-19.09%	-1.61%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.09%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.10%	—
Current Drawdown Current decline from peak	0.00%	-0.98%	+0.98%
Average Drawdown Average peak-to-trough decline	-2.65%	-4.30%	+1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	2.60%	+0.07%

Volatility

WELH.DE vs. XDWI.DE - Volatility Comparison

Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.DE) and Xtrackers MSCI World Industrials UCITS ETF 1C (XDWI.DE) have volatilities of 3.89% and 3.96%, 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.

Volatility by Period

	WELH.DE	XDWI.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	3.96%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	12.20%	11.67%	+0.53%
Volatility (1Y) Calculated over the trailing 1-year period	14.98%	14.44%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	15.31%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	16.78%	-1.50%

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

WELH.DE has a 0.18% expense ratio, which is lower than XDWI.DE's 0.25% 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

WELH.DE vs. XDWI.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.92, WELH.DE and XDWI.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

On fees, WELH.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

WELH.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for XDWI.DE.

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

WELH.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials, while XDWI.DE tracks MSCI World/Materials NR USD. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.18% for WELH.DE and 0.25% for XDWI.DE.