WELX.DE vs. VUAA.DE
WELX.DE (Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc) and VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) 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 VUAA.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 21.01%/yr vs 18.92%/yr for VUAA.DE. A 0.71 correlation means they provide meaningful diversification when combined. WELX.DE charges 0.18%/yr vs 0.07%/yr for VUAA.DE.
Performance
WELX.DE vs. VUAA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WELX.DE achieves a -0.77% return, which is significantly lower than VUAA.DE's 10.86% return.
WELX.DE
- 1D
- 0.00%
- 1M
- -5.50%
- YTD
- -0.77%
- 6M
- 0.08%
- 1Y
- 15.14%
- 3Y*
- 21.01%
- 5Y*
- —
- 10Y*
- —
VUAA.DE
- 1D
- -0.90%
- 1M
- 0.23%
- YTD
- 10.86%
- 6M
- 11.15%
- 1Y
- 24.80%
- 3Y*
- 18.92%
- 5Y*
- 13.92%
- 10Y*
- —
WELX.DE vs. VUAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELX.DE Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc | -0.77% | 16.08% | 35.06% | 46.63% | -12.65% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 10.86% | 4.69% | 32.34% | 22.51% | -6.83% |
Correlation
The correlation between WELX.DE and VUAA.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 Sep 20, 2022 | 0.71 |
The correlation between WELX.DE and VUAA.DE has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.
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Return for Risk
WELX.DE vs. VUAA.DE — Risk / Return Rank
WELX.DE
VUAA.DE
WELX.DE vs. VUAA.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 Vanguard S&P 500 UCITS USD Acc ETF (VUAA.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.
| WELX.DE | VUAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.39 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 3.53 | -2.51 |
| Martin ratioReturn relative to average drawdown | 3.02 | 12.59 | -9.57 |
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Drawdowns
WELX.DE vs. VUAA.DE - Drawdown Comparison
The maximum WELX.DE drawdown since its inception was -25.19%, smaller than the maximum VUAA.DE drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for WELX.DE and VUAA.DE.
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Drawdown Indicators
| WELX.DE | VUAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.19% | -33.67% | +8.48% |
Max Drawdown (1Y)Largest decline over 1 year | -14.88% | -7.00% | -7.88% |
Max Drawdown (3Y)Largest decline over 3 years | -25.19% | -23.33% | -1.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.33% | — |
Current DrawdownCurrent decline from peak | -5.90% | -0.94% | -4.96% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -5.02% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 1.97% | +3.03% |
Volatility
WELX.DE vs. VUAA.DE - Volatility Comparison
Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc (WELX.DE) has a higher volatility of 5.39% compared to Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) at 3.34%. This indicates that WELX.DE's price experiences larger fluctuations and is considered to be riskier than VUAA.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 | VUAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 3.34% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 7.87% | +3.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.28% | 11.77% | +4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.64% | 15.15% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.64% | 17.55% | +1.09% |
WELX.DE vs. VUAA.DE - Expense Ratio Comparison
WELX.DE has a 0.18% expense ratio, which is higher than VUAA.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. VUAA.DE - Dividend Comparison
Neither WELX.DE nor VUAA.DE has paid dividends to shareholders.
Frequently Asked Questions
WELX.DE and VUAA.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, VUAA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAA.DE is cheaper with a 0.07% expense ratio, compared with 0.18% for WELX.DE.
WELX.DE is categorized as Communications Equities, while VUAA.DE is S&P 500. WELX.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Communication Services, while VUAA.DE tracks S&P 500 Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.18% for WELX.DE and 0.07% for VUAA.DE.
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