WELI.DE vs. G2X.DE
WELI.DE (Amundi S&P Global Materials ESG UCITS ETF EUR Acc) and G2X.DE (VanEck Gold Miners UCITS ETF) are both exchange-traded funds - WELI.DE is a Industrials Equities fund tracking the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials, while G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners. Both are passively managed. Over the past 3 years, WELI.DE returned 13.20%/yr vs 37.60%/yr for G2X.DE. A 0.54 correlation means they provide meaningful diversification when combined. WELI.DE charges 0.18%/yr vs 0.53%/yr for G2X.DE.
Performance
WELI.DE vs. G2X.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WELI.DE achieves a 16.84% return, which is significantly higher than G2X.DE's -1.03% return.
WELI.DE
- 1D
- -0.41%
- 1M
- 2.27%
- YTD
- 16.84%
- 6M
- 21.11%
- 1Y
- 32.05%
- 3Y*
- 13.20%
- 5Y*
- —
- 10Y*
- —
G2X.DE
- 1D
- 1.09%
- 1M
- -5.12%
- YTD
- -1.03%
- 6M
- 7.25%
- 1Y
- 61.18%
- 3Y*
- 37.60%
- 5Y*
- 20.05%
- 10Y*
- 13.83%
WELI.DE vs. G2X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELI.DE Amundi S&P Global Materials ESG UCITS ETF EUR Acc | 16.84% | 14.91% | -0.52% | 10.29% | 9.11% |
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 5.59% | 9.64% |
Correlation
The correlation between WELI.DE and G2X.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.54 |
The correlation between WELI.DE and G2X.DE shifts across timeframes, from 0.54 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WELI.DE vs. G2X.DE — Risk / Return Rank
WELI.DE
G2X.DE
WELI.DE vs. G2X.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Materials ESG UCITS ETF EUR Acc (WELI.DE) and VanEck Gold Miners UCITS ETF (G2X.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.
| WELI.DE | G2X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.18 | +0.03 |
| Martin ratioReturn relative to average drawdown | 8.95 | 5.49 | +3.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WELI.DE | G2X.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.42 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.60 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.44 | +0.42 |
Drawdowns
WELI.DE vs. G2X.DE - Drawdown Comparison
The maximum WELI.DE drawdown since its inception was -21.14%, smaller than the maximum G2X.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for WELI.DE and G2X.DE.
Loading charts...
Drawdown Indicators
| WELI.DE | G2X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -46.04% | +24.90% |
Max Drawdown (1Y)Largest decline over 1 year | -14.69% | -27.90% | +13.21% |
Max Drawdown (3Y)Largest decline over 3 years | -21.14% | -27.90% | +6.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.04% | — |
Current DrawdownCurrent decline from peak | -1.73% | -23.34% | +21.61% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -19.92% | +15.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 11.09% | -7.46% |
Volatility
WELI.DE vs. G2X.DE - Volatility Comparison
The current volatility for Amundi S&P Global Materials ESG UCITS ETF EUR Acc (WELI.DE) is 6.48%, while VanEck Gold Miners UCITS ETF (G2X.DE) has a volatility of 13.57%. This indicates that WELI.DE experiences smaller price fluctuations and is considered to be less risky than G2X.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WELI.DE | G2X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 13.57% | -7.09% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 34.36% | -18.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 42.64% | -24.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.10% | 33.16% | -17.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 32.33% | -16.23% |
WELI.DE vs. G2X.DE - Expense Ratio Comparison
WELI.DE has a 0.18% expense ratio, which is lower than G2X.DE's 0.53% expense ratio.
Dividends
WELI.DE vs. G2X.DE - Dividend Comparison
Neither WELI.DE nor G2X.DE has paid dividends to shareholders.
Frequently Asked Questions
WELI.DE and G2X.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELI.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELI.DE is cheaper with a 0.18% expense ratio, compared with 0.53% for G2X.DE.
WELI.DE is categorized as Industrials Equities, while G2X.DE is Precious Metals. WELI.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials, while G2X.DE tracks NYSE Arca Gold Miners. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.18% for WELI.DE and 0.53% for G2X.DE.
Find the right allocation for WELI.DE and G2X.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer