WELU.DE vs. ^NDX
Compare and contrast key facts about Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.DE) and NASDAQ 100 (^NDX).
WELU.DE is a passively managed fund by Amundi that tracks the performance of the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. It was launched on Sep 20, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WELU.DE or ^NDX.
Key characteristics
| WELU.DE | ^NDX | |
|---|---|---|
| YTD Return | 22.27% | 14.97% |
| 1Y Return | 35.78% | 27.34% |
| Sharpe Ratio | 1.85 | 1.51 |
| Daily Std Dev | 20.36% | 17.91% |
| Max Drawdown | -16.20% | -82.90% |
| Current Drawdown | -10.73% | -6.44% |
Correlation
The correlation between WELU.DE and ^NDX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WELU.DE vs. ^NDX - Performance Comparison
In the year-to-date period, WELU.DE achieves a 22.27% return, which is significantly higher than ^NDX's 14.97% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
WELU.DE vs. ^NDX - Risk-Adjusted Performance 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 (^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.
Drawdowns
WELU.DE vs. ^NDX - Drawdown Comparison
The maximum WELU.DE drawdown since its inception was -16.20%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for WELU.DE and ^NDX. For additional features, visit the drawdowns tool.
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 6.89% compared to NASDAQ 100 (^NDX) at 6.06%. 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.