WRNW.DE vs. WELN.DE
WRNW.DE (WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc) and WELN.DE (Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc) are both Energy Equities funds - WRNW.DE tracks the WisdomTree Renewable Energy while WELN.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. Both are passively managed. Over the past year, WRNW.DE returned 107.60% vs 43.28% for WELN.DE. At a 0.18 correlation, their price movements are largely independent. WRNW.DE charges 0.45%/yr vs 0.18%/yr for WELN.DE.
Performance
WRNW.DE vs. WELN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WRNW.DE achieves a 30.17% return, which is significantly lower than WELN.DE's 33.78% return.
WRNW.DE
- 1D
- -2.37%
- 1M
- 3.73%
- YTD
- 30.17%
- 6M
- 29.38%
- 1Y
- 107.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WELN.DE
- 1D
- -0.46%
- 1M
- 2.90%
- YTD
- 33.78%
- 6M
- 30.26%
- 1Y
- 43.28%
- 3Y*
- 14.42%
- 5Y*
- —
- 10Y*
- —
WRNW.DE vs. WELN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WRNW.DE WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc | 30.17% | 51.49% | -23.68% | -12.62% |
WELN.DE Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc | 33.78% | -1.37% | 8.67% | 4.00% |
Correlation
The correlation between WRNW.DE and WELN.DE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023 | 0.18 |
The correlation between WRNW.DE and WELN.DE shifts across timeframes, from -0.06 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WRNW.DE vs. WELN.DE — Risk / Return Rank
WRNW.DE
WELN.DE
WRNW.DE vs. WELN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE) and Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.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.
| WRNW.DE | WELN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.37 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 7.07 | 3.44 | +3.63 |
| Martin ratioReturn relative to average drawdown | 23.97 | 11.82 | +12.15 |
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
| WRNW.DE | WELN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.54 | 2.17 | +1.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.60 | -0.24 |
Drawdowns
WRNW.DE vs. WELN.DE - Drawdown Comparison
The maximum WRNW.DE drawdown since its inception was -49.14%, which is greater than WELN.DE's maximum drawdown of -23.29%. Use the drawdown chart below to compare losses from any high point for WRNW.DE and WELN.DE.
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Drawdown Indicators
| WRNW.DE | WELN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.14% | -23.29% | -25.85% |
Max Drawdown (1Y)Largest decline over 1 year | -15.04% | -12.35% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.29% | — |
Current DrawdownCurrent decline from peak | -4.04% | -4.95% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -20.88% | -7.87% | -13.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 3.60% | +0.84% |
Volatility
WRNW.DE vs. WELN.DE - Volatility Comparison
WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE) has a higher volatility of 10.28% compared to Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) at 6.50%. This indicates that WRNW.DE's price experiences larger fluctuations and is considered to be riskier than WELN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WRNW.DE | WELN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.28% | 6.50% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 19.33% | 16.38% | +2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.01% | 19.61% | +10.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.02% | 19.90% | +6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.02% | 19.90% | +6.12% |
WRNW.DE vs. WELN.DE - Expense Ratio Comparison
WRNW.DE has a 0.45% expense ratio, which is higher than WELN.DE's 0.18% expense ratio.
Dividends
WRNW.DE vs. WELN.DE - Dividend Comparison
Neither WRNW.DE nor WELN.DE has paid dividends to shareholders.
Frequently Asked Questions
WRNW.DE and WELN.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELN.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELN.DE is cheaper with a 0.18% expense ratio, compared with 0.45% for WRNW.DE.
WRNW.DE tracks WisdomTree Renewable Energy, while WELN.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy. They also come from different issuers: WisdomTree and Amundi. Their fees differ too: 0.45% for WRNW.DE and 0.18% for WELN.DE.
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