WELV.DE vs. SC01.DE
WELV.DE (Amundi S&P Global Materials ESG UCITS ETF EUR Dist) and SC01.DE (Invesco European Construction Sector UCITS ETF) are both Industrials Equities funds - WELV.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials while SC01.DE tracks the STOXX® Europe 600 Optimised Construction & Materials. Both are passively managed. Over the past 3 years, WELV.DE returned 11.37%/yr vs 13.92%/yr for SC01.DE. A 0.65 correlation means they provide meaningful diversification when combined. WELV.DE charges 0.18%/yr vs 0.20%/yr for SC01.DE.
Performance
WELV.DE vs. SC01.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WELV.DE achieves a 12.81% return, which is significantly higher than SC01.DE's -1.17% return.
WELV.DE
- 1D
- 0.00%
- 1M
- -2.38%
- 6M
- 6.65%
- YTD
- 12.81%
- 1Y
- 28.23%
- 3Y*
- 11.37%
- 5Y*
- —
- 10Y*
- —
SC01.DE
- 1D
- -0.75%
- 1M
- -2.90%
- 6M
- -3.94%
- YTD
- -1.17%
- 1Y
- 2.31%
- 3Y*
- 13.92%
- 5Y*
- 9.12%
- 10Y*
- 10.17%
WELV.DE vs. SC01.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELV.DE Amundi S&P Global Materials ESG UCITS ETF EUR Dist | 12.81% | 14.77% | -0.45% | 10.45% | 5.00% |
SC01.DE Invesco European Construction Sector UCITS ETF | -1.17% | 24.01% | 7.02% | 34.08% | 4.12% |
Correlation
The correlation between WELV.DE and SC01.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.65 |
The correlation between WELV.DE and SC01.DE has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.
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Return for Risk
WELV.DE vs. SC01.DE — Risk / Return Rank
WELV.DE
SC01.DE
WELV.DE vs. SC01.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Materials ESG UCITS ETF EUR Dist (WELV.DE) and Invesco European Construction Sector UCITS ETF (SC01.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.
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.
| WELV.DE | SC01.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.04 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 0.15 | +1.81 |
| Martin ratioReturn relative to average drawdown | 7.42 | 0.43 | +6.99 |
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Drawdowns
WELV.DE vs. SC01.DE - Drawdown Comparison
The maximum WELV.DE drawdown since its inception was -21.27%, smaller than the maximum SC01.DE drawdown of -41.70%. Use the drawdown chart below to compare losses from any high point for WELV.DE and SC01.DE.
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Drawdown Indicators
| WELV.DE | SC01.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.27% | -41.70% | +20.43% |
Max Drawdown (1Y)Largest decline over 1 year | -14.36% | -15.23% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -17.02% | -4.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.70% | — |
Current DrawdownCurrent decline from peak | -5.69% | -8.26% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -7.41% | +2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 5.38% | -1.59% |
Volatility
WELV.DE vs. SC01.DE - Volatility Comparison
Amundi S&P Global Materials ESG UCITS ETF EUR Dist (WELV.DE) and Invesco European Construction Sector UCITS ETF (SC01.DE) have volatilities of 6.68% and 6.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WELV.DE | SC01.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 6.66% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 17.29% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.17% | 20.72% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 19.99% | -3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 20.25% | -3.99% |
WELV.DE vs. SC01.DE - Expense Ratio Comparison
WELV.DE has a 0.18% expense ratio, which is lower than SC01.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WELV.DE vs. SC01.DE - Dividend Comparison
WELV.DE's dividend yield for the trailing twelve months is around 1.48%, while SC01.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SC01.DE Invesco European Construction Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
WELV.DE Amundi S&P Global Materials ESG UCITS ETF EUR Dist | 1.48% | 1.77% | 2.71% | 0.31% |
Frequently Asked Questions
WELV.DE and SC01.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELV.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELV.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC01.DE.
WELV.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials, while SC01.DE tracks STOXX® Europe 600 Optimised Construction & Materials. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.18% for WELV.DE and 0.20% for SC01.DE.
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