WELN.DE vs. WDEE.DE

Last updated Jun 5, 2026

WELN.DE (Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc) and WDEE.DE (Invesco S&P World Energy ESG UCITS ETF Acc) are both Energy Equities funds - WELN.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy while WDEE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy. Both are passively managed. Over the past 3 years, WELN.DE returned 14.42%/yr vs 16.13%/yr for WDEE.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.

Performance

WELN.DE vs. WDEE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) and Invesco S&P World Energy ESG UCITS ETF Acc (WDEE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with WELN.DE having a 33.78% return and WDEE.DE slightly lower at 33.31%.

WELN.DE

• 1D: -0.46%
• 1M: 2.90%
• YTD: 33.78%
• 6M: 30.26%
• 1Y: 43.28%
• 3Y*: 14.42%
• 5Y*: —
• 10Y*: —

WDEE.DE

• 1D: 2.19%
• 1M: 3.35%
• YTD: 33.31%
• 6M: 28.18%
• 1Y: 39.15%
• 3Y*: 16.13%
• 5Y*: —
• 10Y*: —

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

WELN.DE vs. WDEE.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%	-0.44%
WDEE.DE Invesco S&P World Energy ESG UCITS ETF Acc	33.31%	-2.96%	9.29%	6.37%

Correlation

The correlation between WELN.DE and WDEE.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023	0.94

The correlation between WELN.DE and WDEE.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

WELN.DE vs. WDEE.DE — Risk / Return Rank

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

WELN.DE

WELN.DE Risk / Return Rank: 65
WELN.DE Sharpe Ratio Rank: 67
WELN.DE Sortino Ratio Rank: 59
WELN.DE Omega Ratio Rank: 62
WELN.DE Calmar Ratio Rank: 70
WELN.DE Martin Ratio Rank: 65

WDEE.DE

WDEE.DE Risk / Return Rank: 53
WDEE.DE Sharpe Ratio Rank: 52
WDEE.DE Sortino Ratio Rank: 48
WDEE.DE Omega Ratio Rank: 50
WDEE.DE Calmar Ratio Rank: 60
WDEE.DE Martin Ratio Rank: 55

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.

WELN.DE vs. WDEE.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 S&P World Energy ESG UCITS ETF Acc (WDEE.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	WDEE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.75	+0.42
Sortino ratio: Return per unit of downside risk	2.75	2.29	+0.46
Omega ratio: Gain probability vs. loss probability	1.37	1.31	+0.06
Calmar ratio: Return relative to maximum drawdown	3.44	2.94	+0.50
Martin ratio: Return relative to average drawdown	11.82	9.51	+2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WELN.DE vs. WDEE.DE - Sharpe Ratio Comparison

The current WELN.DE Sharpe Ratio is 2.17, which is comparable to the WDEE.DE Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of WELN.DE and WDEE.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

	WELN.DE	WDEE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	1.75	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.69	-0.09

Drawdowns

WELN.DE vs. WDEE.DE - Drawdown Comparison

The maximum WELN.DE drawdown since its inception was -23.29%, roughly equal to the maximum WDEE.DE drawdown of -23.77%. Use the drawdown chart below to compare losses from any high point for WELN.DE and WDEE.DE.

Drawdown Indicators

	WELN.DE	WDEE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.29%	-23.77%	+0.48%
Max Drawdown (1Y) Largest decline over 1 year	-12.35%	-12.42%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-23.29%	-23.77%	+0.48%
Current Drawdown Current decline from peak	-4.95%	-4.37%	-0.58%
Average Drawdown Average peak-to-trough decline	-7.87%	-7.19%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	3.85%	-0.25%

Volatility

WELN.DE vs. WDEE.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 S&P World Energy ESG UCITS ETF Acc (WDEE.DE) has a volatility of 7.54%. This indicates that WELN.DE experiences smaller price fluctuations and is considered to be less risky than WDEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WELN.DE	WDEE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.50%	7.54%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	16.38%	17.53%	-1.15%
Volatility (1Y) Calculated over the trailing 1-year period	19.61%	20.89%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.90%	19.94%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.90%	19.94%	-0.04%

WELN.DE vs. WDEE.DE - Expense Ratio Comparison

Both WELN.DE and WDEE.DE 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. WDEE.DE - Dividend Comparison

Neither WELN.DE nor WDEE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WELN.DE and WDEE.DE in my portfolio?

With a correlation of 0.92, WELN.DE and WDEE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, WELN.DE or WDEE.DE?

Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WELN.DE or WDEE.DE?

WELN.DE and WDEE.DE have the same expense ratio: 0.18% per year.

What is the main difference between WELN.DE and WDEE.DE?

WELN.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy, while WDEE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy. They also come from different issuers: Amundi and Invesco.