WH2E.DE vs. WELG.DE
Compare and contrast key facts about Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE) and Amundi S&P Global Health Care ESG UCITS ETF EUR Dist (WELG.DE).
WH2E.DE and WELG.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WH2E.DE is a passively managed fund by Invesco that tracks the performance of the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care. It was launched on Apr 12, 2023. WELG.DE is a passively managed fund by Amundi that tracks the performance of the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Health Care. It was launched on Sep 20, 2022. Both WH2E.DE and WELG.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WH2E.DE or WELG.DE.
Key characteristics
| WH2E.DE | WELG.DE | |
|---|---|---|
| YTD Return | 14.52% | 14.48% |
| 1Y Return | 20.66% | 20.01% |
| Sharpe Ratio | 1.99 | 1.96 |
| Sortino Ratio | 2.82 | 2.72 |
| Omega Ratio | 1.36 | 1.35 |
| Calmar Ratio | 2.83 | 2.75 |
| Martin Ratio | 8.94 | 8.77 |
| Ulcer Index | 2.30% | 2.27% |
| Daily Std Dev | 10.36% | 10.15% |
| Max Drawdown | -7.37% | -10.04% |
| Current Drawdown | -4.47% | -4.11% |
Correlation
The correlation between WH2E.DE and WELG.DE is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WH2E.DE vs. WELG.DE - Performance Comparison
The year-to-date returns for both stocks are quite close, with WH2E.DE having a 14.52% return and WELG.DE slightly lower at 14.48%. 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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WH2E.DE vs. WELG.DE - Expense Ratio Comparison
Both WH2E.DE and WELG.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
WH2E.DE vs. WELG.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE) and Amundi S&P Global Health Care ESG UCITS ETF EUR Dist (WELG.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.
Dividends
WH2E.DE vs. WELG.DE - Dividend Comparison
WH2E.DE has not paid dividends to shareholders, while WELG.DE's dividend yield for the trailing twelve months is around 0.86%.
| TTM | 2023 | |
|---|---|---|
WH2E.DE Invesco S&P World Health Care ESG UCITS ETF Acc | 0.00% | 0.00% |
WELG.DE Amundi S&P Global Health Care ESG UCITS ETF EUR Dist | 0.86% | 0.17% |
Drawdowns
WH2E.DE vs. WELG.DE - Drawdown Comparison
The maximum WH2E.DE drawdown since its inception was -7.37%, smaller than the maximum WELG.DE drawdown of -10.04%. Use the drawdown chart below to compare losses from any high point for WH2E.DE and WELG.DE. For additional features, visit the drawdowns tool.
Volatility
WH2E.DE vs. WELG.DE - Volatility Comparison
Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE) and Amundi S&P Global Health Care ESG UCITS ETF EUR Dist (WELG.DE) have volatilities of 2.00% and 2.07%, 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.