XZEW.DE vs. WELE.DE

Last updated Jun 5, 2026

XZEW.DE (Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C) and WELE.DE (Amundi S&P 500 Equal Weight ESG UCITS ETF Acc) are both S&P 500 funds - XZEW.DE tracks the S&P 500 Equal Weight ESG while WELE.DE tracks the S&P 500 Equal Weight ESG Leaders Select. Both are passively managed. Over the past 3 years, XZEW.DE returned 12.65%/yr vs 11.24%/yr for WELE.DE. With a 0.97 correlation, they move nearly in lockstep. XZEW.DE charges 0.17%/yr vs 0.18%/yr for WELE.DE.

Performance

XZEW.DE vs. WELE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.DE) and Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XZEW.DE achieves a 10.78% return, which is significantly higher than WELE.DE's 8.45% return.

XZEW.DE

• 1D: 0.38%
• 1M: 4.75%
• YTD: 10.78%
• 6M: 11.99%
• 1Y: 21.75%
• 3Y*: 12.65%
• 5Y*: —
• 10Y*: —

WELE.DE

• 1D: 0.41%
• 1M: 4.81%
• YTD: 8.45%
• 6M: 9.89%
• 1Y: 18.08%
• 3Y*: 11.24%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XZEW.DE vs. WELE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XZEW.DE Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C	10.78%	1.09%	18.02%	10.63%	-3.60%
WELE.DE Amundi S&P 500 Equal Weight ESG UCITS ETF Acc	8.45%	0.70%	16.40%	10.64%	-3.73%

Correlation

The correlation between XZEW.DE and WELE.DE is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022	0.98

The correlation between XZEW.DE and WELE.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

XZEW.DE vs. WELE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XZEW.DE

XZEW.DE Risk / Return Rank: 66
XZEW.DE Sharpe Ratio Rank: 59
XZEW.DE Sortino Ratio Rank: 60
XZEW.DE Omega Ratio Rank: 59
XZEW.DE Calmar Ratio Rank: 83
XZEW.DE Martin Ratio Rank: 70

WELE.DE

WELE.DE Risk / Return Rank: 50
WELE.DE Sharpe Ratio Rank: 46
WELE.DE Sortino Ratio Rank: 46
WELE.DE Omega Ratio Rank: 45
WELE.DE Calmar Ratio Rank: 59
WELE.DE Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XZEW.DE vs. WELE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.DE) and Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.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.

	XZEW.DE	WELE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.59	+0.40
Sortino ratio: Return per unit of downside risk	2.77	2.28	+0.49
Omega ratio: Gain probability vs. loss probability	1.35	1.28	+0.07
Calmar ratio: Return relative to maximum drawdown	4.33	2.87	+1.46
Martin ratio: Return relative to average drawdown	12.75	9.27	+3.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XZEW.DE vs. WELE.DE - Sharpe Ratio Comparison

The current XZEW.DE Sharpe Ratio is 1.98, which is comparable to the WELE.DE Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of XZEW.DE and WELE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XZEW.DE	WELE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	1.59	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.74	0.00

Drawdowns

XZEW.DE vs. WELE.DE - Drawdown Comparison

The maximum XZEW.DE drawdown since its inception was -23.98%, roughly equal to the maximum WELE.DE drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for XZEW.DE and WELE.DE.

Drawdown Indicators

	XZEW.DE	WELE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.98%	-23.73%	-0.25%
Max Drawdown (1Y) Largest decline over 1 year	-5.00%	-6.28%	+1.28%
Max Drawdown (3Y) Largest decline over 3 years	-23.98%	-23.73%	-0.25%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.76%	-5.63%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	1.95%	-0.25%

Volatility

XZEW.DE vs. WELE.DE - Volatility Comparison

The current volatility for Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.DE) is 2.12%, while Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) has a volatility of 2.24%. This indicates that XZEW.DE experiences smaller price fluctuations and is considered to be less risky than WELE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XZEW.DE	WELE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	2.24%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	6.92%	7.47%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	10.93%	11.35%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.97%	14.41%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.97%	14.41%	-0.44%

XZEW.DE vs. WELE.DE - Expense Ratio Comparison

XZEW.DE has a 0.17% expense ratio, which is lower than WELE.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XZEW.DE vs. WELE.DE - Dividend Comparison

Neither XZEW.DE nor WELE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XZEW.DE and WELE.DE in my portfolio?

With a correlation of 0.98, XZEW.DE and WELE.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.

Which ETF is better, XZEW.DE or WELE.DE?

On fees, XZEW.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XZEW.DE or WELE.DE?

XZEW.DE is cheaper with a 0.17% expense ratio, compared with 0.18% for WELE.DE.

What is the main difference between XZEW.DE and WELE.DE?

XZEW.DE tracks S&P 500 Equal Weight ESG, while WELE.DE tracks S&P 500 Equal Weight ESG Leaders Select. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.17% for XZEW.DE and 0.18% for WELE.DE.