WELV.DE vs. XDWM.DE

Last updated Jul 14, 2026

WELV.DE (Amundi S&P Global Materials ESG UCITS ETF EUR Dist) and XDWM.DE (Xtrackers MSCI World Materials UCITS ETF 1C) are both Industrials Equities funds - WELV.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials while XDWM.DE tracks the MSCI World/Materials NR USD. Both are passively managed. Over the past 3 years, WELV.DE returned 11.37%/yr vs 10.29%/yr for XDWM.DE. With a 0.97 correlation, they move nearly in lockstep. WELV.DE charges 0.18%/yr vs 0.25%/yr for XDWM.DE.

Performance

WELV.DE vs. XDWM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi S&P Global Materials ESG UCITS ETF EUR Dist (WELV.DE) and Xtrackers MSCI World Materials UCITS ETF 1C (XDWM.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WELV.DE achieves a 12.81% return, which is significantly higher than XDWM.DE's 10.99% return.

WELV.DE

• 1D: 0.00%
• 1M: -2.38%
• 6M: 6.65%
• YTD: 12.81%
• 1Y: 28.23%
• 3Y*: 11.37%
• 5Y*: —
• 10Y*: —

XDWM.DE

• 1D: -0.18%
• 1M: -2.98%
• 6M: 4.66%
• YTD: 10.99%
• 1Y: 24.91%
• 3Y*: 10.29%
• 5Y*: 7.24%
• 10Y*: 9.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WELV.DE vs. XDWM.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%
XDWM.DE Xtrackers MSCI World Materials UCITS ETF 1C	10.99%	12.88%	0.02%	10.76%	3.73%

Correlation

The correlation between WELV.DE and XDWM.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022	0.97

The correlation between WELV.DE and XDWM.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

WELV.DE vs. XDWM.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WELV.DE

WELV.DE Risk / Return Rank: 52
WELV.DE Sharpe Ratio Rank: 54
WELV.DE Sortino Ratio Rank: 53
WELV.DE Omega Ratio Rank: 51
WELV.DE Calmar Ratio Rank: 49
WELV.DE Martin Ratio Rank: 54

XDWM.DE

XDWM.DE Risk / Return Rank: 47
XDWM.DE Sharpe Ratio Rank: 47
XDWM.DE Sortino Ratio Rank: 46
XDWM.DE Omega Ratio Rank: 45
XDWM.DE Calmar Ratio Rank: 45
XDWM.DE Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WELV.DE vs. XDWM.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 Xtrackers MSCI World Materials UCITS ETF 1C (XDWM.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	XDWM.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.32	+0.15
Sortino ratio: Return per unit of downside risk	2.07	1.87	+0.20
Omega ratio: Gain probability vs. loss probability	1.26	1.23	+0.03
Calmar ratio: Return relative to maximum drawdown	1.96	1.81	+0.14
Martin ratio: Return relative to average drawdown	7.42	6.80	+0.62

WELV.DE vs. XDWM.DE - Sharpe Ratio Comparison

The current WELV.DE Sharpe Ratio is 1.47, which is comparable to the XDWM.DE Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of WELV.DE and XDWM.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WELV.DE vs. XDWM.DE - Drawdown Comparison

The maximum WELV.DE drawdown since its inception was -21.27%, smaller than the maximum XDWM.DE drawdown of -50.31%. Use the drawdown chart below to compare losses from any high point for WELV.DE and XDWM.DE.

Drawdown Indicators

	WELV.DE	XDWM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-21.27%	-50.31%	+29.04%
Max Drawdown (1Y) Largest decline over 1 year	-14.36%	-13.67%	-0.69%
Max Drawdown (3Y) Largest decline over 3 years	-21.27%	-20.77%	-0.50%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.89%	—
Current Drawdown Current decline from peak	-5.69%	-6.13%	+0.44%
Average Drawdown Average peak-to-trough decline	-4.47%	-19.38%	+14.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	3.65%	+0.14%

Volatility

WELV.DE vs. XDWM.DE - Volatility Comparison

Amundi S&P Global Materials ESG UCITS ETF EUR Dist (WELV.DE) and Xtrackers MSCI World Materials UCITS ETF 1C (XDWM.DE) have volatilities of 6.68% and 6.77%, 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.

Volatility by Period

	WELV.DE	XDWM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.68%	6.77%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	16.63%	16.37%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	19.17%	18.87%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.26%	17.04%	-0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.26%	18.31%	-2.05%

WELV.DE vs. XDWM.DE - Expense Ratio Comparison

WELV.DE has a 0.18% expense ratio, which is lower than XDWM.DE's 0.25% 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. XDWM.DE - Dividend Comparison

WELV.DE's dividend yield for the trailing twelve months is around 1.48%, while XDWM.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
WELV.DE Amundi S&P Global Materials ESG UCITS ETF EUR Dist	1.48%	1.77%	2.71%	0.31%
XDWM.DE Xtrackers MSCI World Materials UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WELV.DE and XDWM.DE in my portfolio?

With a correlation of 0.98, WELV.DE and XDWM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, WELV.DE or XDWM.DE?

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.

Which ETF is cheaper, WELV.DE or XDWM.DE?

WELV.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for XDWM.DE.

What is the main difference between WELV.DE and XDWM.DE?

WELV.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials, while XDWM.DE tracks MSCI World/Materials NR USD. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.18% for WELV.DE and 0.25% for XDWM.DE.