WELN.DE vs. EIMI.L
WELN.DE (Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - WELN.DE is a Energy Equities fund tracking the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy, while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 3 years, WELN.DE returned 13.75%/yr vs 18.29%/yr for EIMI.L. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
WELN.DE vs. EIMI.L - Performance Comparison
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Different Trading Currencies
WELN.DE is traded in EUR, while EIMI.L is traded in USD. To make them comparable, the EIMI.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WELN.DE achieves a 30.31% return, which is significantly higher than EIMI.L's 20.40% return.
WELN.DE
- 1D
- 1.10%
- 1M
- 2.02%
- 6M
- 22.27%
- YTD
- 30.31%
- 1Y
- 38.69%
- 3Y*
- 13.75%
- 5Y*
- —
- 10Y*
- —
EIMI.L
- 1D
- -0.97%
- 1M
- -4.82%
- 6M
- 12.47%
- YTD
- 20.40%
- 1Y
- 35.16%
- 3Y*
- 18.29%
- 5Y*
- 7.64%
- 10Y*
- 8.71%
WELN.DE vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELN.DE Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc | 30.31% | -1.40% | 8.67% | -0.38% | 5.40% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 20.40% | 16.48% | 14.45% | 7.70% | -4.21% |
Correlation
The correlation between WELN.DE and EIMI.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.18 |
The correlation between WELN.DE and EIMI.L shifts across timeframes, from -0.11 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WELN.DE vs. EIMI.L — Risk / Return Rank
WELN.DE
EIMI.L
WELN.DE vs. EIMI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) and iShares Core MSCI EM IMI UCITS ETF (EIMI.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.
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.
| WELN.DE | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 3.27 | -0.31 |
| Martin ratioReturn relative to average drawdown | 8.13 | 9.97 | -1.84 |
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Drawdowns
WELN.DE vs. EIMI.L - Drawdown Comparison
The maximum WELN.DE drawdown since its inception was -23.24%, smaller than the maximum EIMI.L drawdown of -34.88%. Use the drawdown chart below to compare losses from any high point for WELN.DE and EIMI.L.
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Drawdown Indicators
| WELN.DE | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.24% | -34.88% | +11.64% |
Max Drawdown (1Y)Largest decline over 1 year | -13.01% | -10.72% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -18.31% | -4.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.18% | — |
Current DrawdownCurrent decline from peak | -7.39% | -8.90% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -7.81% | -9.22% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 3.52% | +1.23% |
Volatility
WELN.DE vs. EIMI.L - Volatility Comparison
The current volatility for Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) is 6.31%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 8.26%. This indicates that WELN.DE experiences smaller price fluctuations and is considered to be less risky than EIMI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WELN.DE | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 8.26% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 17.27% | 18.42% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.28% | 20.70% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.35% | 17.42% | +2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 18.63% | +1.72% |
WELN.DE vs. EIMI.L - Expense Ratio Comparison
Both WELN.DE and EIMI.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
WELN.DE vs. EIMI.L - Dividend Comparison
Neither WELN.DE nor EIMI.L has paid dividends to shareholders.
Frequently Asked Questions
WELN.DE and EIMI.L have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WELN.DE and EIMI.L have the same expense ratio: 0.18% per year.
WELN.DE is categorized as Energy Equities, while EIMI.L is Emerging Markets Equities. WELN.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy, while EIMI.L tracks MSCI Emerging Markets Investable Market Index. They also come from different issuers: Amundi and iShares.
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