XDWM.DE vs. WELH.DE
XDWM.DE (Xtrackers MSCI World Materials UCITS ETF 1C) and WELH.DE (Amundi S&P Global Industrials ESG UCITS ETF EUR Acc) are both Industrials Equities funds - XDWM.DE tracks the MSCI World/Materials NR USD while WELH.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials. Both are passively managed. Over the past 3 years, XDWM.DE returned 12.34%/yr vs 17.39%/yr for WELH.DE. A 0.72 correlation means they provide meaningful diversification when combined. XDWM.DE charges 0.25%/yr vs 0.18%/yr for WELH.DE.
Performance
XDWM.DE vs. WELH.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XDWM.DE having a 15.62% return and WELH.DE slightly higher at 15.64%.
XDWM.DE
- 1D
- -0.60%
- 1M
- 4.06%
- YTD
- 15.62%
- 6M
- 20.60%
- 1Y
- 29.85%
- 3Y*
- 12.34%
- 5Y*
- 7.86%
- 10Y*
- 10.70%
WELH.DE
- 1D
- 0.12%
- 1M
- 2.21%
- YTD
- 15.64%
- 6M
- 15.67%
- 1Y
- 24.04%
- 3Y*
- 17.39%
- 5Y*
- —
- 10Y*
- —
XDWM.DE vs. WELH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XDWM.DE Xtrackers MSCI World Materials UCITS ETF 1C | 15.62% | 12.88% | 0.02% | 10.77% | 5.39% |
WELH.DE Amundi S&P Global Industrials ESG UCITS ETF EUR Acc | 15.64% | 9.85% | 16.48% | 19.96% | 7.75% |
Correlation
The correlation between XDWM.DE and WELH.DE is 0.64, 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 | 0.64 |
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 | 0.72 |
The correlation between XDWM.DE and WELH.DE has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
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Return for Risk
XDWM.DE vs. WELH.DE — Risk / Return Rank
XDWM.DE
WELH.DE
XDWM.DE vs. WELH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Materials UCITS ETF 1C (XDWM.DE) and Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.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.
| XDWM.DE | WELH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.43 | -0.26 |
| Martin ratioReturn relative to average drawdown | 8.91 | 8.98 | -0.07 |
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
| XDWM.DE | WELH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.60 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.26 | -0.64 |
Drawdowns
XDWM.DE vs. WELH.DE - Drawdown Comparison
The maximum XDWM.DE drawdown since its inception was -33.91%, which is greater than WELH.DE's maximum drawdown of -20.70%. Use the drawdown chart below to compare losses from any high point for XDWM.DE and WELH.DE.
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Drawdown Indicators
| XDWM.DE | WELH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.91% | -20.70% | -13.21% |
Max Drawdown (1Y)Largest decline over 1 year | -13.67% | -9.84% | -3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -20.70% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.91% | — | — |
Current DrawdownCurrent decline from peak | -2.14% | 0.00% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -5.48% | -2.65% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 2.67% | +0.67% |
Volatility
XDWM.DE vs. WELH.DE - Volatility Comparison
Xtrackers MSCI World Materials UCITS ETF 1C (XDWM.DE) has a higher volatility of 6.55% compared to Amundi S&P Global Industrials ESG UCITS ETF EUR Acc (WELH.DE) at 3.89%. This indicates that XDWM.DE's price experiences larger fluctuations and is considered to be riskier than WELH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDWM.DE | WELH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.55% | 3.89% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 12.20% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.45% | 14.98% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 15.28% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 15.28% | +2.30% |
XDWM.DE vs. WELH.DE - Expense Ratio Comparison
XDWM.DE has a 0.25% expense ratio, which is higher than WELH.DE's 0.18% 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
XDWM.DE vs. WELH.DE - Dividend Comparison
Neither XDWM.DE nor WELH.DE has paid dividends to shareholders.
Frequently Asked Questions
XDWM.DE and WELH.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELH.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELH.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for XDWM.DE.
XDWM.DE tracks MSCI World/Materials NR USD, while WELH.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XDWM.DE and 0.18% for WELH.DE.
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