WELK.DE vs. INDA.DE

Last updated Jun 5, 2026

WELK.DE (Amundi S&P Global Financials ESG UCITS ETF EUR Acc) and INDA.DE (Lyxor STOXX Europe 600 Banks UCITS ETF Dist) are both Financials Equities funds from Amundi - WELK.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Financials while INDA.DE tracks the STOXX® Europe 600 Banks. Both are passively managed. Over the past 3 years, WELK.DE returned 21.67%/yr vs 40.68%/yr for INDA.DE. A 0.65 correlation means they provide meaningful diversification when combined. WELK.DE charges 0.18%/yr vs 0.30%/yr for INDA.DE.

Performance

WELK.DE vs. INDA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi S&P Global Financials ESG UCITS ETF EUR Acc (WELK.DE) and Lyxor STOXX Europe 600 Banks UCITS ETF Dist (INDA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WELK.DE achieves a 1.91% return, which is significantly lower than INDA.DE's 7.47% return.

WELK.DE

• 1D: 2.00%
• 1M: 1.21%
• YTD: 1.91%
• 6M: 5.76%
• 1Y: 13.95%
• 3Y*: 21.67%
• 5Y*: —
• 10Y*: —

INDA.DE

• 1D: 0.46%
• 1M: 2.43%
• YTD: 7.47%
• 6M: 15.40%
• 1Y: 39.76%
• 3Y*: 40.68%
• 5Y*: 26.58%
• 10Y*: 13.89%

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

WELK.DE vs. INDA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WELK.DE Amundi S&P Global Financials ESG UCITS ETF EUR Acc	1.91%	17.19%	33.74%	12.60%	9.71%
INDA.DE Lyxor STOXX Europe 600 Banks UCITS ETF Dist	7.47%	76.64%	32.75%	22.04%	19.02%

Correlation

The correlation between WELK.DE and INDA.DE is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.65

The correlation between WELK.DE and INDA.DE has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.

Return for Risk

WELK.DE vs. INDA.DE — Risk / Return Rank

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

WELK.DE

WELK.DE Risk / Return Rank: 29
WELK.DE Sharpe Ratio Rank: 28
WELK.DE Sortino Ratio Rank: 28
WELK.DE Omega Ratio Rank: 26
WELK.DE Calmar Ratio Rank: 30
WELK.DE Martin Ratio Rank: 31

INDA.DE

INDA.DE Risk / Return Rank: 53
INDA.DE Sharpe Ratio Rank: 55
INDA.DE Sortino Ratio Rank: 55
INDA.DE Omega Ratio Rank: 50
INDA.DE Calmar Ratio Rank: 54
INDA.DE Martin Ratio Rank: 53

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.

WELK.DE vs. INDA.DE - 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 Lyxor STOXX Europe 600 Banks UCITS ETF Dist (INDA.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.

	WELK.DE	INDA.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.00	1.86	-0.86
Sortino ratio: Return per unit of downside risk	1.50	2.59	-1.08
Omega ratio: Gain probability vs. loss probability	1.17	1.31	-0.13
Calmar ratio: Return relative to maximum drawdown	1.42	2.65	-1.23
Martin ratio: Return relative to average drawdown	4.51	8.93	-4.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WELK.DE vs. INDA.DE - Sharpe Ratio Comparison

The current WELK.DE Sharpe Ratio is 1.00, which is lower than the INDA.DE Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of WELK.DE and INDA.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

	WELK.DE	INDA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	1.86	-0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.18	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.19	+1.14

Drawdowns

WELK.DE vs. INDA.DE - Drawdown Comparison

The maximum WELK.DE drawdown since its inception was -20.08%, smaller than the maximum INDA.DE drawdown of -70.13%. Use the drawdown chart below to compare losses from any high point for WELK.DE and INDA.DE.

Drawdown Indicators

	WELK.DE	INDA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.08%	-70.13%	+50.05%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	-15.59%	+5.93%
Max Drawdown (3Y) Largest decline over 3 years	-20.08%	-20.38%	+0.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-55.08%	—
Current Drawdown Current decline from peak	-0.71%	-1.73%	+1.02%
Average Drawdown Average peak-to-trough decline	-3.18%	-26.50%	+23.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	4.64%	-1.59%

Volatility

WELK.DE vs. INDA.DE - Volatility Comparison

The current volatility for Amundi S&P Global Financials ESG UCITS ETF EUR Acc (WELK.DE) is 3.58%, while Lyxor STOXX Europe 600 Banks UCITS ETF Dist (INDA.DE) has a volatility of 5.98%. This indicates that WELK.DE experiences smaller price fluctuations and is considered to be less risky than INDA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WELK.DE	INDA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	5.98%	-2.40%
Volatility (6M) Calculated over the trailing 6-month period	10.56%	17.92%	-7.36%
Volatility (1Y) Calculated over the trailing 1-year period	13.80%	22.30%	-8.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	24.05%	-8.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.29%	26.34%	-11.05%

WELK.DE vs. INDA.DE - Expense Ratio Comparison

WELK.DE has a 0.18% expense ratio, which is lower than INDA.DE's 0.30% expense ratio.

Dividends

WELK.DE vs. INDA.DE - Dividend Comparison

WELK.DE has not paid dividends to shareholders, while INDA.DE's dividend yield for the trailing twelve months is around 5.05%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
INDA.DE Lyxor STOXX Europe 600 Banks UCITS ETF Dist	5.05%	5.42%	5.93%	1.58%	5.04%	3.76%	1.42%	4.45%	4.56%
WELK.DE Amundi S&P Global Financials ESG UCITS ETF EUR Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WELK.DE and INDA.DE in my portfolio?

WELK.DE and INDA.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WELK.DE or INDA.DE?

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.

Which ETF is cheaper, WELK.DE or INDA.DE?

WELK.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for INDA.DE.

What is the main difference between WELK.DE and INDA.DE?

WELK.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Financials, while INDA.DE tracks STOXX® Europe 600 Banks. Their fees differ too: 0.18% for WELK.DE and 0.30% for INDA.DE.