WH2E.DE vs. WELS.DE
WH2E.DE (Invesco S&P World Health Care ESG UCITS ETF Acc) and WELS.DE (Amundi S&P Global Health Care ESG UCITS ETF EUR Acc) are both Health & Biotech Equities funds - WH2E.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care while WELS.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Health Care. Both are passively managed. Over the past 3 years, WH2E.DE returned 3.13%/yr vs 2.22%/yr for WELS.DE. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.18% expense ratio.
Performance
WH2E.DE vs. WELS.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with WH2E.DE having a -3.24% return and WELS.DE slightly lower at -3.35%.
WH2E.DE
- 1D
- 2.76%
- 1M
- 4.70%
- YTD
- -3.24%
- 6M
- -2.41%
- 1Y
- 10.18%
- 3Y*
- 3.13%
- 5Y*
- —
- 10Y*
- —
WELS.DE
- 1D
- 2.97%
- 1M
- 4.14%
- YTD
- -3.35%
- 6M
- -2.82%
- 1Y
- 6.93%
- 3Y*
- 2.22%
- 5Y*
- —
- 10Y*
- —
WH2E.DE vs. WELS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WH2E.DE Invesco S&P World Health Care ESG UCITS ETF Acc | -3.24% | 2.78% | 7.94% | 1.68% |
WELS.DE Amundi S&P Global Health Care ESG UCITS ETF EUR Acc | -3.35% | 1.05% | 7.20% | 2.09% |
Correlation
The correlation between WH2E.DE and WELS.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.97 |
The correlation between WH2E.DE and WELS.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
WH2E.DE vs. WELS.DE — Risk / Return Rank
WH2E.DE
WELS.DE
WH2E.DE vs. WELS.DE - Risk-Adjusted Trends 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 Acc (WELS.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.
| WH2E.DE | WELS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.09 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 0.56 | +0.27 |
| Martin ratioReturn relative to average drawdown | 2.15 | 1.30 | +0.85 |
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
| WH2E.DE | WELS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 0.47 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.22 | -0.02 |
Drawdowns
WH2E.DE vs. WELS.DE - Drawdown Comparison
The maximum WH2E.DE drawdown since its inception was -22.19%, roughly equal to the maximum WELS.DE drawdown of -23.13%. Use the drawdown chart below to compare losses from any high point for WH2E.DE and WELS.DE.
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Drawdown Indicators
| WH2E.DE | WELS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -23.13% | +0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -12.35% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | -23.13% | +0.94% |
Current DrawdownCurrent decline from peak | -10.45% | -12.08% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -7.30% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.73% | 5.34% | -0.61% |
Volatility
WH2E.DE vs. WELS.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 Acc (WELS.DE) have volatilities of 5.21% and 5.27%, 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
| WH2E.DE | WELS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 5.27% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 10.22% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 14.60% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 13.59% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 13.59% | +0.32% |
WH2E.DE vs. WELS.DE - Expense Ratio Comparison
Both WH2E.DE and WELS.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%.
Dividends
WH2E.DE vs. WELS.DE - Dividend Comparison
Neither WH2E.DE nor WELS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, WH2E.DE and WELS.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.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WH2E.DE and WELS.DE have the same expense ratio: 0.18% per year.
WH2E.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care, while WELS.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Health Care. They also come from different issuers: Invesco and Amundi.
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