G1CD.DE vs. FWEA.DE

Last updated Jun 5, 2026

G1CD.DE (Invesco Global Clean Energy UCITS ETF Dist) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - G1CD.DE is a Energy Equities fund tracking the WilderHill New Energy Global Innovation, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, G1CD.DE returned 83.64% vs 26.40% for FWEA.DE. A 0.66 correlation means they provide meaningful diversification when combined. G1CD.DE charges 0.60%/yr vs 0.20%/yr for FWEA.DE.

Performance

G1CD.DE vs. FWEA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Global Clean Energy UCITS ETF Dist (G1CD.DE) and Invesco FTSE All-World UCITS ETF (FWEA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, G1CD.DE achieves a 35.16% return, which is significantly higher than FWEA.DE's 10.64% return.

G1CD.DE

• 1D: -0.69%
• 1M: 3.11%
• YTD: 35.16%
• 6M: 37.55%
• 1Y: 83.64%
• 3Y*: 5.13%
• 5Y*: —
• 10Y*: —

FWEA.DE

• 1D: -0.24%
• 1M: 4.41%
• YTD: 10.64%
• 6M: 11.85%
• 1Y: 26.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

G1CD.DE vs. FWEA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
G1CD.DE Invesco Global Clean Energy UCITS ETF Dist	35.16%	28.09%	-22.10%	-11.33%
FWEA.DE Invesco FTSE All-World UCITS ETF	10.64%	17.53%	19.21%	8.62%

Correlation

The correlation between G1CD.DE and FWEA.DE is 0.71, 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	0.71
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023	0.66

The correlation between G1CD.DE and FWEA.DE has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.

Return for Risk

G1CD.DE vs. FWEA.DE — Risk / Return Rank

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

G1CD.DE

G1CD.DE Risk / Return Rank: 94
G1CD.DE Sharpe Ratio Rank: 95
G1CD.DE Sortino Ratio Rank: 94
G1CD.DE Omega Ratio Rank: 93
G1CD.DE Calmar Ratio Rank: 95
G1CD.DE Martin Ratio Rank: 94

FWEA.DE

FWEA.DE Risk / Return Rank: 72
FWEA.DE Sharpe Ratio Rank: 71
FWEA.DE Sortino Ratio Rank: 76
FWEA.DE Omega Ratio Rank: 73
FWEA.DE Calmar Ratio Rank: 65
FWEA.DE Martin Ratio Rank: 73

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.

G1CD.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Clean Energy UCITS ETF Dist (G1CD.DE) and Invesco FTSE All-World UCITS ETF (FWEA.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.

	G1CD.DE	FWEA.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.90	2.30	+1.61
Sortino ratio: Return per unit of downside risk	4.70	3.38	+1.33
Omega ratio: Gain probability vs. loss probability	1.62	1.43	+0.19
Calmar ratio: Return relative to maximum drawdown	7.85	3.18	+4.67
Martin ratio: Return relative to average drawdown	27.83	13.52	+14.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

G1CD.DE vs. FWEA.DE - Sharpe Ratio Comparison

The current G1CD.DE Sharpe Ratio is 3.90, which is higher than the FWEA.DE Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of G1CD.DE and FWEA.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

	G1CD.DE	FWEA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.90	2.30	+1.61
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	1.51	-1.45

Drawdowns

G1CD.DE vs. FWEA.DE - Drawdown Comparison

The maximum G1CD.DE drawdown since its inception was -64.00%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for G1CD.DE and FWEA.DE.

Drawdown Indicators

	G1CD.DE	FWEA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-64.00%	-17.48%	-46.52%
Max Drawdown (1Y) Largest decline over 1 year	-10.60%	-8.28%	-2.32%
Max Drawdown (3Y) Largest decline over 3 years	-52.73%	—	—
Current Drawdown Current decline from peak	-16.50%	-0.81%	-15.69%
Average Drawdown Average peak-to-trough decline	-35.01%	-1.86%	-33.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	1.95%	+1.05%

Volatility

G1CD.DE vs. FWEA.DE - Volatility Comparison

Invesco Global Clean Energy UCITS ETF Dist (G1CD.DE) has a higher volatility of 8.16% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that G1CD.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	G1CD.DE	FWEA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.16%	3.36%	+4.80%
Volatility (6M) Calculated over the trailing 6-month period	14.33%	8.93%	+5.40%
Volatility (1Y) Calculated over the trailing 1-year period	21.33%	11.45%	+9.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.12%	12.72%	+12.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.12%	12.72%	+12.40%

G1CD.DE vs. FWEA.DE - Expense Ratio Comparison

G1CD.DE has a 0.60% expense ratio, which is higher than FWEA.DE's 0.20% expense ratio.

Dividends

G1CD.DE vs. FWEA.DE - Dividend Comparison

G1CD.DE's dividend yield for the trailing twelve months is around 1.52%, while FWEA.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
FWEA.DE Invesco FTSE All-World UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%
G1CD.DE Invesco Global Clean Energy UCITS ETF Dist	1.52%	2.08%	1.37%	0.70%	0.09%

Frequently Asked Questions

Can I hold both G1CD.DE and FWEA.DE in my portfolio?

G1CD.DE and FWEA.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, G1CD.DE or FWEA.DE?

On fees, FWEA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, G1CD.DE or FWEA.DE?

FWEA.DE is cheaper with a 0.20% expense ratio, compared with 0.60% for G1CD.DE.

What is the main difference between G1CD.DE and FWEA.DE?

G1CD.DE is categorized as Energy Equities, while FWEA.DE is Global Equities. G1CD.DE tracks WilderHill New Energy Global Innovation, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.60% for G1CD.DE and 0.20% for FWEA.DE.