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 25.24%/yr vs 21.01%/yr for ^NDX. A 0.63 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
In the year-to-date period, WELU.DE achieves a 18.10% return, which is significantly higher than ^NDX's 16.29% return.
WELU.DE
- 1D
- 0.00%
- 1M
- 0.31%
- 6M
- 17.43%
- YTD
- 18.10%
- 1Y
- 28.88%
- 3Y*
- 25.24%
- 5Y*
- —
- 10Y*
- —
^NDX
- 1D
- -1.46%
- 1M
- -3.10%
- 6M
- 13.57%
- YTD
- 16.29%
- 1Y
- 25.57%
- 3Y*
- 21.01%
- 5Y*
- 14.99%
- 10Y*
- 19.59%
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 | 18.10% | 9.54% | 38.64% | 57.43% | -8.25% |
^NDX NASDAQ 100 Index | 16.29% | 5.91% | 33.12% | 49.19% | -14.30% |
Correlation
The correlation between WELU.DE and ^NDX is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.63 |
The correlation between WELU.DE and ^NDX has been stable across timeframes, ranging from 0.62 to 0.67 - 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WELU.DE | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.30 | -0.53 |
| Martin ratioReturn relative to average drawdown | 4.29 | 6.89 | -2.60 |
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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 | -5.40% | -5.89% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -8.01% | +3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.71% | 3.72% | +2.99% |
Volatility
WELU.DE vs. ^NDX - Volatility Comparison
The current volatility for Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.DE) is 5.88%, while NASDAQ 100 Index (^NDX) has a volatility of 6.81%. This indicates that WELU.DE experiences smaller price fluctuations and is considered to be less risky 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 | 5.88% | 6.81% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 15.49% | 14.34% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.37% | 18.48% | +2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.48% | 22.58% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.48% | 22.99% | -0.51% |
Frequently Asked Questions
WELU.DE and ^NDX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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