WELN.DE vs. NUKL.DE
WELN.DE (Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc) and NUKL.DE (VanEck Uranium and Nuclear Technologies UCITS ETF A) are both Energy Equities funds - WELN.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy while NUKL.DE tracks the MarketVector Global Uranium and Nuclear Energy Infrastructure. Both are passively managed. Over the past 3 years, WELN.DE returned 14.42%/yr vs 41.91%/yr for NUKL.DE. At a 0.25 correlation, their price movements are largely independent. WELN.DE charges 0.18%/yr vs 0.55%/yr for NUKL.DE.
Performance
WELN.DE vs. NUKL.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 higher than NUKL.DE's 11.67% return.
WELN.DE
- 1D
- -0.46%
- 1M
- -1.01%
- YTD
- 33.78%
- 6M
- 30.28%
- 1Y
- 42.71%
- 3Y*
- 14.42%
- 5Y*
- —
- 10Y*
- —
NUKL.DE
- 1D
- 0.87%
- 1M
- -1.33%
- YTD
- 11.67%
- 6M
- 4.20%
- 1Y
- 50.82%
- 3Y*
- 41.91%
- 5Y*
- —
- 10Y*
- —
WELN.DE vs. NUKL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WELN.DE Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc | 33.78% | -1.37% | 8.67% | -2.85% |
NUKL.DE VanEck Uranium and Nuclear Technologies UCITS ETF A | 11.67% | 51.50% | 38.03% | 24.46% |
Correlation
The correlation between WELN.DE and NUKL.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.25 |
The correlation between WELN.DE and NUKL.DE shifts across timeframes, from -0.05 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WELN.DE vs. NUKL.DE — Risk / Return Rank
WELN.DE
NUKL.DE
WELN.DE vs. NUKL.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 VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.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 | NUKL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.21 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 1.86 | +1.58 |
| Martin ratioReturn relative to average drawdown | 11.82 | 4.43 | +7.38 |
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 | NUKL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 1.21 | +0.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.10 | -0.50 |
Drawdowns
WELN.DE vs. NUKL.DE - Drawdown Comparison
The maximum WELN.DE drawdown since its inception was -23.29%, smaller than the maximum NUKL.DE drawdown of -37.52%. Use the drawdown chart below to compare losses from any high point for WELN.DE and NUKL.DE.
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Drawdown Indicators
| WELN.DE | NUKL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.29% | -37.52% | +14.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -27.12% | +14.77% |
Max Drawdown (3Y)Largest decline over 3 years | -23.29% | -37.52% | +14.23% |
Current DrawdownCurrent decline from peak | -4.95% | -12.83% | +7.88% |
Average DrawdownAverage peak-to-trough decline | -7.87% | -7.79% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 11.43% | -7.83% |
Volatility
WELN.DE vs. NUKL.DE - Volatility Comparison
The current volatility for Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) is 6.50%, while VanEck Uranium and Nuclear Technologies UCITS ETF A (NUKL.DE) has a volatility of 11.05%. This indicates that WELN.DE experiences smaller price fluctuations and is considered to be less risky than NUKL.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 | NUKL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 11.05% | -4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 16.38% | 28.97% | -12.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.61% | 41.82% | -22.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.90% | 34.24% | -14.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.90% | 34.24% | -14.34% |
WELN.DE vs. NUKL.DE - Expense Ratio Comparison
WELN.DE has a 0.18% expense ratio, which is lower than NUKL.DE's 0.55% expense ratio.
Dividends
WELN.DE vs. NUKL.DE - Dividend Comparison
Neither WELN.DE nor NUKL.DE has paid dividends to shareholders.
Frequently Asked Questions
WELN.DE and NUKL.DE have a correlation of -0.05, 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 0.55% for NUKL.DE.
WELN.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy, while NUKL.DE tracks MarketVector Global Uranium and Nuclear Energy Infrastructure. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.18% for WELN.DE and 0.55% for NUKL.DE.
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