WELX.DE vs. SXR8.DE
WELX.DE (Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - WELX.DE is a Communications Equities fund tracking the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Communication Services, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, WELX.DE returned 21.53%/yr vs 18.87%/yr for SXR8.DE. A 0.73 correlation means they provide meaningful diversification when combined. WELX.DE charges 0.18%/yr vs 0.07%/yr for SXR8.DE.
Performance
WELX.DE vs. SXR8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WELX.DE achieves a 2.94% return, which is significantly lower than SXR8.DE's 11.37% return.
WELX.DE
- 1D
- 0.98%
- 1M
- -0.36%
- YTD
- 2.94%
- 6M
- 0.12%
- 1Y
- 19.74%
- 3Y*
- 21.53%
- 5Y*
- —
- 10Y*
- —
SXR8.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.83%
- 1Y
- 25.54%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
WELX.DE vs. SXR8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELX.DE Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc | 2.94% | 16.08% | 35.06% | 46.63% | -6.87% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 11.37% | 4.73% | 32.32% | 22.47% | -3.10% |
Correlation
The correlation between WELX.DE and SXR8.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.73 |
The correlation between WELX.DE and SXR8.DE has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
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Return for Risk
WELX.DE vs. SXR8.DE — Risk / Return Rank
WELX.DE
SXR8.DE
WELX.DE vs. SXR8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc (WELX.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.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.
| WELX.DE | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.41 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 3.58 | -2.16 |
| Martin ratioReturn relative to average drawdown | 4.34 | 12.71 | -8.37 |
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
| WELX.DE | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 2.21 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.96 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 0.79 | +0.51 |
Drawdowns
WELX.DE vs. SXR8.DE - Drawdown Comparison
The maximum WELX.DE drawdown since its inception was -25.19%, smaller than the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for WELX.DE and SXR8.DE.
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Drawdown Indicators
| WELX.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.19% | -33.78% | +8.59% |
Max Drawdown (1Y)Largest decline over 1 year | -14.88% | -7.13% | -7.75% |
Max Drawdown (3Y)Largest decline over 3 years | -25.19% | -23.32% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | -2.38% | -0.45% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -5.17% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 2.01% | +2.85% |
Volatility
WELX.DE vs. SXR8.DE - Volatility Comparison
Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc (WELX.DE) has a higher volatility of 4.16% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 2.65%. This indicates that WELX.DE's price experiences larger fluctuations and is considered to be riskier than SXR8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WELX.DE | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 2.65% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 7.57% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.84% | 11.56% | +4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.43% | 15.16% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.43% | 16.09% | +2.34% |
WELX.DE vs. SXR8.DE - Expense Ratio Comparison
WELX.DE has a 0.18% expense ratio, which is higher than SXR8.DE's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WELX.DE vs. SXR8.DE - Dividend Comparison
Neither WELX.DE nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
WELX.DE and SXR8.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.18% for WELX.DE.
WELX.DE is categorized as Communications Equities, while SXR8.DE is S&P 500. WELX.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Communication Services, while SXR8.DE tracks S&P 500 Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for WELX.DE and 0.07% for SXR8.DE.
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