WELK.DE vs. GSIB
WELK.DE (Amundi S&P Global Financials ESG UCITS ETF EUR Acc) and GSIB (Themes Global Systemically Important Banks ETF) are both Financials Equities funds. WELK.DE is passively managed, while GSIB is actively managed. Over the past year, WELK.DE returned 25.34% vs 49.11% for GSIB. A 0.59 correlation means they provide meaningful diversification when combined. WELK.DE charges 0.18%/yr vs 0.35%/yr for GSIB.
Performance
WELK.DE vs. GSIB - Performance Comparison
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Different Trading Currencies
WELK.DE is traded in EUR, while GSIB is traded in USD. To make them comparable, the GSIB values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WELK.DE achieves a 12.56% return, which is significantly lower than GSIB's 23.38% return.
WELK.DE
- 1D
- 0.00%
- 1M
- 7.26%
- 6M
- 12.54%
- YTD
- 12.56%
- 1Y
- 25.34%
- 3Y*
- 25.33%
- 5Y*
- —
- 10Y*
- —
GSIB
- 1D
- 0.69%
- 1M
- 5.19%
- 6M
- 18.22%
- YTD
- 23.38%
- 1Y
- 49.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WELK.DE vs. GSIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WELK.DE Amundi S&P Global Financials ESG UCITS ETF EUR Acc | 12.56% | 17.19% | 33.74% | 1.09% |
GSIB Themes Global Systemically Important Banks ETF | 23.38% | 42.49% | 41.63% | 0.46% |
Correlation
The correlation between WELK.DE and GSIB is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2023 | 0.59 |
The correlation between WELK.DE and GSIB has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
WELK.DE vs. GSIB — Risk / Return Rank
WELK.DE
GSIB
WELK.DE vs. GSIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Financials ESG UCITS ETF EUR Acc (WELK.DE) and Themes Global Systemically Important Banks ETF (GSIB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WELK.DE | GSIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.53 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 4.40 | -1.79 |
| Martin ratioReturn relative to average drawdown | 8.43 | 16.08 | -7.66 |
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Drawdowns
WELK.DE vs. GSIB - Drawdown Comparison
The maximum WELK.DE drawdown since its inception was -20.08%, roughly equal to the maximum GSIB drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for WELK.DE and GSIB.
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Drawdown Indicators
| WELK.DE | GSIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.08% | -19.20% | -0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.66% | -11.28% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -20.08% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -2.02% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.08% | -0.08% |
Volatility
WELK.DE vs. GSIB - Volatility Comparison
The current volatility for Amundi S&P Global Financials ESG UCITS ETF EUR Acc (WELK.DE) is 3.50%, while Themes Global Systemically Important Banks ETF (GSIB) has a volatility of 3.82%. This indicates that WELK.DE experiences smaller price fluctuations and is considered to be less risky than GSIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WELK.DE | GSIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 3.82% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.57% | 13.10% | -2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.91% | 16.42% | -2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.38% | 18.33% | -2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.38% | 18.33% | -2.95% |
WELK.DE vs. GSIB - Expense Ratio Comparison
WELK.DE has a 0.18% expense ratio, which is lower than GSIB's 0.35% expense ratio.
Dividends
WELK.DE vs. GSIB - Dividend Comparison
WELK.DE has not paid dividends to shareholders, while GSIB's dividend yield for the trailing twelve months is around 1.58%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GSIB Themes Global Systemically Important Banks ETF | 1.58% | 1.91% | 1.67% |
WELK.DE Amundi S&P Global Financials ESG UCITS ETF EUR Acc | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WELK.DE and GSIB have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELK.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for GSIB.
They also come from different issuers: Amundi and Themes. Their fees differ too: 0.18% for WELK.DE and 0.35% for GSIB.
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