WELI.DE vs. SILG.L
WELI.DE (Amundi S&P Global Materials ESG UCITS ETF EUR Acc) and SILG.L (Global X Silver Miners UCITS ETF USD Accumulating) are both exchange-traded funds - WELI.DE is a Industrials Equities fund tracking the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials, while SILG.L is a Silver fund tracking the Solactive Global Silver Miners Total Return v2 Index. Both are passively managed. Over the past 3 years, WELI.DE returned 13.20%/yr vs 45.30%/yr for SILG.L. A 0.55 correlation means they provide meaningful diversification when combined. WELI.DE charges 0.18%/yr vs 0.65%/yr for SILG.L.
Performance
WELI.DE vs. SILG.L - Performance Comparison
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Different Trading Currencies
WELI.DE is traded in EUR, while SILG.L is traded in GBP. To make them comparable, the SILG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WELI.DE achieves a 16.84% return, which is significantly higher than SILG.L's 6.58% return.
WELI.DE
- 1D
- -0.41%
- 1M
- 2.27%
- YTD
- 16.84%
- 6M
- 21.11%
- 1Y
- 32.05%
- 3Y*
- 13.20%
- 5Y*
- —
- 10Y*
- —
SILG.L
- 1D
- 0.28%
- 1M
- -4.76%
- YTD
- 6.58%
- 6M
- 16.84%
- 1Y
- 85.31%
- 3Y*
- 45.30%
- 5Y*
- —
- 10Y*
- —
WELI.DE vs. SILG.L - 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% |
SILG.L Global X Silver Miners UCITS ETF USD Accumulating | 6.58% | 140.73% | 19.00% | -4.35% | 5.92% |
Correlation
The correlation between WELI.DE and SILG.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.55 |
The correlation between WELI.DE and SILG.L shifts across timeframes, from 0.55 (3 years) to 0.70 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WELI.DE vs. SILG.L — Risk / Return Rank
WELI.DE
SILG.L
WELI.DE vs. SILG.L - 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 Global X Silver Miners UCITS ETF USD Accumulating (SILG.L). 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 | SILG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 3.07 | -0.86 |
| Martin ratioReturn relative to average drawdown | 8.95 | 7.42 | +1.53 |
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
| WELI.DE | SILG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.87 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.66 | +0.20 |
Drawdowns
WELI.DE vs. SILG.L - Drawdown Comparison
The maximum WELI.DE drawdown since its inception was -21.14%, smaller than the maximum SILG.L drawdown of -31.64%. Use the drawdown chart below to compare losses from any high point for WELI.DE and SILG.L.
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Drawdown Indicators
| WELI.DE | SILG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.14% | -31.64% | +10.50% |
Max Drawdown (1Y)Largest decline over 1 year | -14.69% | -30.15% | +15.46% |
Max Drawdown (3Y)Largest decline over 3 years | -21.14% | -30.15% | +9.01% |
Current DrawdownCurrent decline from peak | -1.73% | -23.55% | +21.82% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -12.87% | +8.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 12.52% | -8.89% |
Volatility
WELI.DE vs. SILG.L - Volatility Comparison
The current volatility for Amundi S&P Global Materials ESG UCITS ETF EUR Acc (WELI.DE) is 6.48%, while Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) has a volatility of 18.56%. This indicates that WELI.DE experiences smaller price fluctuations and is considered to be less risky than SILG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WELI.DE | SILG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 18.56% | -12.08% |
Volatility (6M)Calculated over the trailing 6-month period | 15.53% | 40.23% | -24.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 49.50% | -31.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.10% | 39.96% | -23.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 39.96% | -23.86% |
WELI.DE vs. SILG.L - Expense Ratio Comparison
WELI.DE has a 0.18% expense ratio, which is lower than SILG.L's 0.65% expense ratio.
Dividends
WELI.DE vs. SILG.L - Dividend Comparison
Neither WELI.DE nor SILG.L has paid dividends to shareholders.
Frequently Asked Questions
WELI.DE and SILG.L have a correlation of 0.70, 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 0.65% for SILG.L.
WELI.DE is categorized as Industrials Equities, while SILG.L is Silver. WELI.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials, while SILG.L tracks Solactive Global Silver Miners Total Return v2 Index. They also come from different issuers: Amundi and Global X. Their fees differ too: 0.18% for WELI.DE and 0.65% for SILG.L.
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