FCO2.DE vs. ECLM.DE
FCO2.DE (HANetf SparkChange Physical Carbon EUA ETC) and ECLM.DE (HANetf iClima Global Decarbonisation Enablers UCITS ETF) are both exchange-traded funds - FCO2.DE is a Commodities fund tracking the EU Carbon Emission Allowances (EUA), while ECLM.DE is a Global Equities fund tracking the iClima Global Decarbonisation Enablers. Both are passively managed. Over the past 3 years, FCO2.DE returned -3.01%/yr vs 4.30%/yr for ECLM.DE. At a 0.16 correlation, their price movements are largely independent. FCO2.DE charges 0.89%/yr vs 0.65%/yr for ECLM.DE.
Performance
FCO2.DE vs. ECLM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCO2.DE achieves a -10.46% return, which is significantly lower than ECLM.DE's 18.15% return.
FCO2.DE
- 1D
- -2.02%
- 1M
- 2.15%
- YTD
- -10.46%
- 6M
- -8.03%
- 1Y
- 4.93%
- 3Y*
- -3.01%
- 5Y*
- —
- 10Y*
- —
ECLM.DE
- 1D
- -1.47%
- 1M
- 4.03%
- YTD
- 18.15%
- 6M
- 16.71%
- 1Y
- 36.86%
- 3Y*
- 4.30%
- 5Y*
- -0.34%
- 10Y*
- —
FCO2.DE vs. ECLM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FCO2.DE HANetf SparkChange Physical Carbon EUA ETC | -10.46% | 20.70% | -11.00% | -5.14% | -0.32% |
ECLM.DE HANetf iClima Global Decarbonisation Enablers UCITS ETF | 18.15% | 12.83% | -11.47% | 1.02% | -13.27% |
Correlation
The correlation between FCO2.DE and ECLM.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022 | 0.16 |
The correlation between FCO2.DE and ECLM.DE shifts across timeframes, from 0.16 (all time) to 0.27 (1 year), 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
FCO2.DE vs. ECLM.DE — Risk / Return Rank
FCO2.DE
ECLM.DE
FCO2.DE vs. ECLM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE) and HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.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.
| FCO2.DE | ECLM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.32 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.16 | 1.87 | -1.71 |
| Martin ratioReturn relative to average drawdown | 0.41 | 3.63 | -3.22 |
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
| FCO2.DE | ECLM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 1.29 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.10 | -0.17 |
Drawdowns
FCO2.DE vs. ECLM.DE - Drawdown Comparison
The maximum FCO2.DE drawdown since its inception was -48.49%, roughly equal to the maximum ECLM.DE drawdown of -49.88%. Use the drawdown chart below to compare losses from any high point for FCO2.DE and ECLM.DE.
Loading charts...
Drawdown Indicators
| FCO2.DE | ECLM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.49% | -49.88% | +1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -31.46% | -19.77% | -11.69% |
Max Drawdown (3Y)Largest decline over 3 years | -45.60% | -36.17% | -9.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.88% | — |
Current DrawdownCurrent decline from peak | -24.40% | -16.23% | -8.17% |
Average DrawdownAverage peak-to-trough decline | -23.38% | -24.19% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.41% | 10.19% | +2.22% |
Volatility
FCO2.DE vs. ECLM.DE - Volatility Comparison
The current volatility for HANetf SparkChange Physical Carbon EUA ETC (FCO2.DE) is 5.99%, while HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.DE) has a volatility of 6.50%. This indicates that FCO2.DE experiences smaller price fluctuations and is considered to be less risky than ECLM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCO2.DE | ECLM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 6.50% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 22.94% | 13.35% | +9.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.69% | 28.64% | -1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.04% | 23.04% | +11.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.04% | 23.35% | +10.69% |
FCO2.DE vs. ECLM.DE - Expense Ratio Comparison
FCO2.DE has a 0.89% expense ratio, which is higher than ECLM.DE's 0.65% expense ratio.
Dividends
FCO2.DE vs. ECLM.DE - Dividend Comparison
Neither FCO2.DE nor ECLM.DE has paid dividends to shareholders.
Frequently Asked Questions
FCO2.DE and ECLM.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECLM.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECLM.DE is cheaper with a 0.65% expense ratio, compared with 0.89% for FCO2.DE.
FCO2.DE is categorized as Commodities, while ECLM.DE is Global Equities. FCO2.DE tracks EU Carbon Emission Allowances (EUA), while ECLM.DE tracks iClima Global Decarbonisation Enablers. Their fees differ too: 0.89% for FCO2.DE and 0.65% for ECLM.DE.
Find the right allocation for FCO2.DE and ECLM.DE
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