ENGW.L vs. QCLN.L
ENGW.L (SPDR MSCI World Energy UCITS ETF) and QCLN.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) are both Energy Equities funds - ENGW.L tracks the MSCI World/Energy NR USD while QCLN.L tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, ENGW.L returned 16.05%/yr vs 9.03%/yr for QCLN.L. At a 0.21 correlation, their price movements are largely independent. ENGW.L charges 0.30%/yr vs 0.60%/yr for QCLN.L.
Performance
ENGW.L vs. QCLN.L - Performance Comparison
Loading charts...
Different Trading Currencies
ENGW.L is traded in GBP, while QCLN.L is traded in GBp. To make them comparable, the QCLN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ENGW.L achieves a 31.48% return, which is significantly lower than QCLN.L's 53.23% return.
ENGW.L
- 1D
- 2.24%
- 1M
- 0.93%
- YTD
- 31.48%
- 6M
- 29.41%
- 1Y
- 47.44%
- 3Y*
- 16.05%
- 5Y*
- —
- 10Y*
- —
QCLN.L
- 1D
- 0.44%
- 1M
- 18.85%
- YTD
- 53.23%
- 6M
- 52.67%
- 1Y
- 124.41%
- 3Y*
- 9.03%
- 5Y*
- 2.78%
- 10Y*
- —
ENGW.L vs. QCLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ENGW.L SPDR MSCI World Energy UCITS ETF | 31.48% | 7.20% | 3.55% | -2.06% | 20.65% |
QCLN.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 53.23% | 20.09% | -17.94% | -12.66% | -24.42% |
Correlation
The correlation between ENGW.L and QCLN.L is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.21 |
The correlation between ENGW.L and QCLN.L shifts across timeframes, from -0.04 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ENGW.L vs. QCLN.L — Risk / Return Rank
ENGW.L
QCLN.L
ENGW.L vs. QCLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Energy UCITS ETF (ENGW.L) and First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.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.
| ENGW.L | QCLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.49 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 8.42 | -5.18 |
| Martin ratioReturn relative to average drawdown | 10.79 | 26.53 | -15.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ENGW.L | QCLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 3.64 | -1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | -0.09 | +0.70 |
Drawdowns
ENGW.L vs. QCLN.L - Drawdown Comparison
The maximum ENGW.L drawdown since its inception was -21.65%, smaller than the maximum QCLN.L drawdown of -69.87%. Use the drawdown chart below to compare losses from any high point for ENGW.L and QCLN.L.
Loading charts...
Drawdown Indicators
| ENGW.L | QCLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.65% | -69.87% | +48.22% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -14.69% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -56.66% | +35.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -68.64% | — |
Current DrawdownCurrent decline from peak | -7.08% | -19.78% | +12.70% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -40.90% | +32.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 4.67% | -0.29% |
Volatility
ENGW.L vs. QCLN.L - Volatility Comparison
The current volatility for SPDR MSCI World Energy UCITS ETF (ENGW.L) is 8.13%, while First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.L) has a volatility of 14.69%. This indicates that ENGW.L experiences smaller price fluctuations and is considered to be less risky than QCLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ENGW.L | QCLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 14.69% | -6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 18.03% | 24.43% | -6.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.27% | 34.18% | -12.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.80% | 35.86% | -13.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.80% | 36.95% | -14.15% |
ENGW.L vs. QCLN.L - Expense Ratio Comparison
ENGW.L has a 0.30% expense ratio, which is lower than QCLN.L's 0.60% expense ratio.
Dividends
ENGW.L vs. QCLN.L - Dividend Comparison
Neither ENGW.L nor QCLN.L has paid dividends to shareholders.
Frequently Asked Questions
ENGW.L and QCLN.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENGW.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENGW.L is cheaper with a 0.30% expense ratio, compared with 0.60% for QCLN.L.
ENGW.L tracks MSCI World/Energy NR USD, while QCLN.L tracks S&P Global Clean Energy TR USD. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.30% for ENGW.L and 0.60% for QCLN.L.
Find the right allocation for ENGW.L and QCLN.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer