CTEK.L vs. BATT.L
CTEK.L (Global X CleanTech UCITS ETF USD (Acc)) and BATT.L (L&G Battery Value-Chain UCITS ETF) are both exchange-traded funds - CTEK.L is a Alternative Energy Equities fund tracking the Indxx Global CleanTech v2 Index, while BATT.L is a Lithium & Battery Metals fund tracking the Solactive Battery Value-Chain Index. Both are passively managed. Over the past 3 years, CTEK.L returned -5.57%/yr vs 16.61%/yr for BATT.L. A 0.75 correlation means they provide meaningful diversification when combined. CTEK.L charges 0.50%/yr vs 0.49%/yr for BATT.L.
Performance
CTEK.L vs. BATT.L - Performance Comparison
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Returns By Period
In the year-to-date period, CTEK.L achieves a 11.69% return, which is significantly higher than BATT.L's 10.08% return.
CTEK.L
- 1D
- -0.57%
- 1M
- -13.91%
- 6M
- 0.34%
- YTD
- 11.69%
- 1Y
- 48.73%
- 3Y*
- -5.57%
- 5Y*
- —
- 10Y*
- —
BATT.L
- 1D
- -1.04%
- 1M
- -15.12%
- 6M
- -1.83%
- YTD
- 10.08%
- 1Y
- 65.83%
- 3Y*
- 16.61%
- 5Y*
- 12.12%
- 10Y*
- —
CTEK.L vs. BATT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CTEK.L Global X CleanTech UCITS ETF USD (Acc) | 11.69% | 53.41% | -33.55% | -21.76% | -17.31% | -19.38% |
BATT.L L&G Battery Value-Chain UCITS ETF | 10.08% | 71.47% | -1.22% | 8.80% | -14.18% | -4.52% |
Correlation
The correlation between CTEK.L and BATT.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.75 |
The correlation between CTEK.L and BATT.L has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
CTEK.L vs. BATT.L — Risk / Return Rank
CTEK.L
BATT.L
CTEK.L vs. BATT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech UCITS ETF USD (Acc) (CTEK.L) and L&G Battery Value-Chain UCITS ETF (BATT.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CTEK.L | BATT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.33 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.77 | -0.85 |
| Martin ratioReturn relative to average drawdown | 5.45 | 9.47 | -4.02 |
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Drawdowns
CTEK.L vs. BATT.L - Drawdown Comparison
The maximum CTEK.L drawdown since its inception was -73.85%, which is greater than BATT.L's maximum drawdown of -39.69%. Use the drawdown chart below to compare losses from any high point for CTEK.L and BATT.L.
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Drawdown Indicators
| CTEK.L | BATT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.85% | -39.69% | -34.16% |
Max Drawdown (1Y)Largest decline over 1 year | -26.44% | -23.61% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -63.73% | -33.90% | -29.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -40.61% | -23.01% | -17.60% |
Average DrawdownAverage peak-to-trough decline | -44.62% | -12.04% | -32.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.34% | 6.93% | +2.41% |
Volatility
CTEK.L vs. BATT.L - Volatility Comparison
Global X CleanTech UCITS ETF USD (Acc) (CTEK.L) has a higher volatility of 13.41% compared to L&G Battery Value-Chain UCITS ETF (BATT.L) at 10.15%. This indicates that CTEK.L's price experiences larger fluctuations and is considered to be riskier than BATT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CTEK.L | BATT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.41% | 10.15% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 28.55% | 26.37% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.49% | 32.24% | +6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.95% | 26.17% | +10.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.95% | 25.41% | +11.54% |
CTEK.L vs. BATT.L - Expense Ratio Comparison
CTEK.L has a 0.50% expense ratio, which is higher than BATT.L's 0.49% expense ratio.
Dividends
CTEK.L vs. BATT.L - Dividend Comparison
Neither CTEK.L nor BATT.L has paid dividends to shareholders.
Frequently Asked Questions
CTEK.L and BATT.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BATT.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BATT.L is cheaper with a 0.49% expense ratio, compared with 0.50% for CTEK.L.
CTEK.L is categorized as Alternative Energy Equities, while BATT.L is Lithium & Battery Metals. CTEK.L tracks Indxx Global CleanTech v2 Index, while BATT.L tracks Solactive Battery Value-Chain Index. They also come from different issuers: Global X and Legal & General. Their fees differ too: 0.50% for CTEK.L and 0.49% for BATT.L.
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