G1CD.DE vs. QCLN.DE
G1CD.DE (Invesco Global Clean Energy UCITS ETF Dist) and QCLN.DE (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) are both Energy Equities funds - G1CD.DE tracks the WilderHill New Energy Global Innovation while QCLN.DE tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, G1CD.DE returned 5.13%/yr vs 8.07%/yr for QCLN.DE. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.60% expense ratio.
Performance
G1CD.DE vs. QCLN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, G1CD.DE achieves a 35.16% return, which is significantly lower than QCLN.DE's 49.11% return.
G1CD.DE
- 1D
- -0.69%
- 1M
- 3.11%
- YTD
- 35.16%
- 6M
- 37.55%
- 1Y
- 83.64%
- 3Y*
- 5.13%
- 5Y*
- —
- 10Y*
- —
QCLN.DE
- 1D
- -1.82%
- 1M
- 14.31%
- YTD
- 49.11%
- 6M
- 47.01%
- 1Y
- 111.97%
- 3Y*
- 8.07%
- 5Y*
- 2.29%
- 10Y*
- —
G1CD.DE vs. QCLN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
G1CD.DE Invesco Global Clean Energy UCITS ETF Dist | 35.16% | 28.09% | -22.10% | -13.60% | -7.76% |
QCLN.DE First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 49.11% | 16.50% | -14.54% | -10.39% | -10.83% |
Correlation
The correlation between G1CD.DE and QCLN.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.87 |
The correlation between G1CD.DE and QCLN.DE has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.
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Return for Risk
G1CD.DE vs. QCLN.DE — Risk / Return Rank
G1CD.DE
QCLN.DE
G1CD.DE vs. QCLN.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 First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.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 | QCLN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.44 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 7.85 | 7.93 | -0.08 |
| Martin ratioReturn relative to average drawdown | 27.83 | 24.33 | +3.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| G1CD.DE | QCLN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.90 | 3.20 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | -0.08 | +0.14 |
Drawdowns
G1CD.DE vs. QCLN.DE - Drawdown Comparison
The maximum G1CD.DE drawdown since its inception was -64.00%, smaller than the maximum QCLN.DE drawdown of -69.59%. Use the drawdown chart below to compare losses from any high point for G1CD.DE and QCLN.DE.
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Drawdown Indicators
| G1CD.DE | QCLN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.00% | -69.59% | +5.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.60% | -14.04% | +3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -52.73% | -56.68% | +3.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.59% | — |
Current DrawdownCurrent decline from peak | -16.50% | -20.21% | +3.71% |
Average DrawdownAverage peak-to-trough decline | -35.01% | -39.08% | +4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 4.59% | -1.59% |
Volatility
G1CD.DE vs. QCLN.DE - Volatility Comparison
The current volatility for Invesco Global Clean Energy UCITS ETF Dist (G1CD.DE) is 8.16%, while First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.DE) has a volatility of 14.59%. This indicates that G1CD.DE experiences smaller price fluctuations and is considered to be less risky than QCLN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| G1CD.DE | QCLN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.16% | 14.59% | -6.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 24.80% | -10.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.33% | 34.84% | -13.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.12% | 36.29% | -11.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.12% | 36.76% | -11.64% |
G1CD.DE vs. QCLN.DE - Expense Ratio Comparison
Both G1CD.DE and QCLN.DE have an expense ratio of 0.60%.
Dividends
G1CD.DE vs. QCLN.DE - Dividend Comparison
G1CD.DE's dividend yield for the trailing twelve months is around 1.52%, while QCLN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
G1CD.DE Invesco Global Clean Energy UCITS ETF Dist | 1.52% | 2.08% | 1.37% | 0.70% | 0.09% |
QCLN.DE First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
G1CD.DE and QCLN.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
G1CD.DE and QCLN.DE have the same expense ratio: 0.60% per year.
G1CD.DE tracks WilderHill New Energy Global Innovation, while QCLN.DE tracks S&P Global Clean Energy TR USD. They also come from different issuers: Invesco and First Trust.
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