WELN.DE vs. G1CE.DE
WELN.DE (Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc) and G1CE.DE (Invesco Global Clean Energy UCITS ETF Acc) are both Energy Equities funds - WELN.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy while G1CE.DE tracks the WilderHill New Energy Global Innovation. Both are passively managed. Over the past 3 years, WELN.DE returned 14.42%/yr vs 5.16%/yr for G1CE.DE. At a 0.24 correlation, their price movements are largely independent. WELN.DE charges 0.18%/yr vs 0.60%/yr for G1CE.DE.
Performance
WELN.DE vs. G1CE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WELN.DE achieves a 33.78% return, which is significantly lower than G1CE.DE's 36.05% return.
WELN.DE
- 1D
- -0.46%
- 1M
- 2.90%
- YTD
- 33.78%
- 6M
- 30.26%
- 1Y
- 43.28%
- 3Y*
- 14.42%
- 5Y*
- —
- 10Y*
- —
G1CE.DE
- 1D
- -1.30%
- 1M
- 2.83%
- YTD
- 36.05%
- 6M
- 35.94%
- 1Y
- 84.45%
- 3Y*
- 5.16%
- 5Y*
- -3.72%
- 10Y*
- —
WELN.DE vs. G1CE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELN.DE Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc | 33.78% | -1.37% | 8.67% | -0.46% | 6.24% |
G1CE.DE Invesco Global Clean Energy UCITS ETF Acc | 36.05% | 27.39% | -22.23% | -13.46% | -7.33% |
Correlation
The correlation between WELN.DE and G1CE.DE is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.24 |
Over the past year, the correlation between WELN.DE and G1CE.DE has dropped to 0.00 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
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Return for Risk
WELN.DE vs. G1CE.DE — Risk / Return Rank
WELN.DE
G1CE.DE
WELN.DE vs. G1CE.DE - 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 Invesco Global Clean Energy UCITS ETF Acc (G1CE.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.
| WELN.DE | G1CE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.61 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 7.99 | -4.55 |
| Martin ratioReturn relative to average drawdown | 11.82 | 28.31 | -16.49 |
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
| WELN.DE | G1CE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 3.88 | -1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | -0.13 | +0.74 |
Drawdowns
WELN.DE vs. G1CE.DE - Drawdown Comparison
The maximum WELN.DE drawdown since its inception was -23.29%, smaller than the maximum G1CE.DE drawdown of -68.84%. Use the drawdown chart below to compare losses from any high point for WELN.DE and G1CE.DE.
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Drawdown Indicators
| WELN.DE | G1CE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.29% | -68.84% | +45.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -10.42% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -23.29% | -52.75% | +29.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -68.84% | — |
Current DrawdownCurrent decline from peak | -4.95% | -27.70% | +22.75% |
Average DrawdownAverage peak-to-trough decline | -7.87% | -38.48% | +30.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 2.95% | +0.65% |
Volatility
WELN.DE vs. G1CE.DE - Volatility Comparison
The current volatility for Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) is 6.50%, while Invesco Global Clean Energy UCITS ETF Acc (G1CE.DE) has a volatility of 8.41%. This indicates that WELN.DE experiences smaller price fluctuations and is considered to be less risky than G1CE.DE 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 | G1CE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 8.41% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 16.38% | 14.61% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.61% | 21.47% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.90% | 26.14% | -6.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.90% | 26.36% | -6.46% |
WELN.DE vs. G1CE.DE - Expense Ratio Comparison
WELN.DE has a 0.18% expense ratio, which is lower than G1CE.DE's 0.60% expense ratio.
Dividends
WELN.DE vs. G1CE.DE - Dividend Comparison
Neither WELN.DE nor G1CE.DE has paid dividends to shareholders.
Frequently Asked Questions
WELN.DE and G1CE.DE have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELN.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELN.DE is cheaper with a 0.18% expense ratio, compared with 0.60% for G1CE.DE.
WELN.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy, while G1CE.DE tracks WilderHill New Energy Global Innovation. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.18% for WELN.DE and 0.60% for G1CE.DE.
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