WELN.DE vs. WRNW.DE
WELN.DE (Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc) and WRNW.DE (WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc) are both Energy Equities funds - WELN.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy while WRNW.DE tracks the WisdomTree Renewable Energy. Both are passively managed. Over the past year, WELN.DE returned 43.28% vs 107.60% for WRNW.DE. At a 0.18 correlation, their price movements are largely independent. WELN.DE charges 0.18%/yr vs 0.45%/yr for WRNW.DE.
Performance
WELN.DE vs. WRNW.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 WRNW.DE's 30.17% return.
WELN.DE
- 1D
- -0.46%
- 1M
- 2.90%
- YTD
- 33.78%
- 6M
- 30.26%
- 1Y
- 43.28%
- 3Y*
- 14.42%
- 5Y*
- —
- 10Y*
- —
WRNW.DE
- 1D
- -2.37%
- 1M
- 3.73%
- YTD
- 30.17%
- 6M
- 29.38%
- 1Y
- 107.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WELN.DE vs. WRNW.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% | 4.00% |
WRNW.DE WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc | 30.17% | 51.49% | -23.68% | -12.62% |
Correlation
The correlation between WELN.DE and WRNW.DE is -0.06, 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 | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023 | 0.18 |
The correlation between WELN.DE and WRNW.DE shifts across timeframes, from -0.06 (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. WRNW.DE — Risk / Return Rank
WELN.DE
WRNW.DE
WELN.DE vs. WRNW.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 WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.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 | WRNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.52 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 7.07 | -3.63 |
| Martin ratioReturn relative to average drawdown | 11.82 | 23.97 | -12.15 |
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 | WRNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 3.54 | -1.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.37 | +0.24 |
Drawdowns
WELN.DE vs. WRNW.DE - Drawdown Comparison
The maximum WELN.DE drawdown since its inception was -23.29%, smaller than the maximum WRNW.DE drawdown of -49.14%. Use the drawdown chart below to compare losses from any high point for WELN.DE and WRNW.DE.
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Drawdown Indicators
| WELN.DE | WRNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.29% | -49.14% | +25.85% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -15.04% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -23.29% | — | — |
Current DrawdownCurrent decline from peak | -4.95% | -4.04% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -7.87% | -20.88% | +13.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 4.44% | -0.84% |
Volatility
WELN.DE vs. WRNW.DE - Volatility Comparison
The current volatility for Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) is 6.50%, while WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE) has a volatility of 10.28%. This indicates that WELN.DE experiences smaller price fluctuations and is considered to be less risky than WRNW.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 | WRNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 10.28% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 16.38% | 19.33% | -2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.61% | 30.01% | -10.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.90% | 26.02% | -6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.90% | 26.02% | -6.12% |
WELN.DE vs. WRNW.DE - Expense Ratio Comparison
WELN.DE has a 0.18% expense ratio, which is lower than WRNW.DE's 0.45% expense ratio.
Dividends
WELN.DE vs. WRNW.DE - Dividend Comparison
Neither WELN.DE nor WRNW.DE has paid dividends to shareholders.
Frequently Asked Questions
WELN.DE and WRNW.DE have a correlation of -0.06, 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 0.45% for WRNW.DE.
WELN.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy, while WRNW.DE tracks WisdomTree Renewable Energy. They also come from different issuers: Amundi and WisdomTree. Their fees differ too: 0.18% for WELN.DE and 0.45% for WRNW.DE.
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