WELU.DE vs. ^NDX
WELU.DE (Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc) is Technology Equities fund tracking the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology, while ^NDX (NASDAQ 100 Index) is an index. Over the past 3 years, WELU.DE returned 27.35%/yr vs 24.43%/yr for ^NDX. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
WELU.DE vs. ^NDX - Performance Comparison
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Different Trading Currencies
WELU.DE is traded in EUR, while ^NDX is traded in USD. To make them comparable, the ^NDX values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with WELU.DE having a 21.54% return and ^NDX slightly higher at 21.80%.
WELU.DE
- 1D
- -1.73%
- 1M
- 12.92%
- YTD
- 21.54%
- 6M
- 20.01%
- 1Y
- 44.17%
- 3Y*
- 27.35%
- 5Y*
- —
- 10Y*
- —
^NDX
- 1D
- -0.67%
- 1M
- 9.26%
- YTD
- 21.80%
- 6M
- 19.18%
- 1Y
- 37.64%
- 3Y*
- 24.43%
- 5Y*
- 18.26%
- 10Y*
- 20.72%
WELU.DE vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELU.DE Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc | 21.54% | 9.54% | 38.64% | 57.43% | 0.20% |
^NDX NASDAQ 100 Index | 21.80% | 5.91% | 33.12% | 49.19% | -8.12% |
Correlation
The correlation between WELU.DE and ^NDX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.62 |
The correlation between WELU.DE and ^NDX has been stable across timeframes, ranging from 0.61 to 0.64 - a consistent structural relationship.
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Return for Risk
WELU.DE vs. ^NDX — Risk / Return Rank
WELU.DE
^NDX
WELU.DE vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.DE) and NASDAQ 100 Index (^NDX). 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.
| WELU.DE | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 3.38 | -0.68 |
| Martin ratioReturn relative to average drawdown | 6.94 | 10.55 | -3.61 |
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
| WELU.DE | ^NDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.32 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.82 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 0.73 | +0.78 |
Drawdowns
WELU.DE vs. ^NDX - Drawdown Comparison
The maximum WELU.DE drawdown since its inception was -28.67%, smaller than the maximum ^NDX drawdown of -46.44%. Use the drawdown chart below to compare losses from any high point for WELU.DE and ^NDX.
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Drawdown Indicators
| WELU.DE | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.67% | -46.44% | +17.77% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -11.19% | -5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -28.67% | -27.30% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.53% | — |
Current DrawdownCurrent decline from peak | -2.65% | -0.69% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -8.00% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.35% | 3.58% | +2.77% |
Volatility
WELU.DE vs. ^NDX - Volatility Comparison
Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.DE) has a higher volatility of 6.70% compared to NASDAQ 100 Index (^NDX) at 3.80%. This indicates that WELU.DE's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WELU.DE | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 3.80% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 14.75% | 11.58% | +3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.41% | 16.31% | +4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.28% | 22.24% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.28% | 22.83% | -0.55% |
Frequently Asked Questions
WELU.DE and ^NDX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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