G1CD.DE vs. SPYN.DE
G1CD.DE (Invesco Global Clean Energy UCITS ETF Dist) and SPYN.DE (SPDR MSCI Europe Energy UCITS ETF) are both Energy Equities funds - G1CD.DE tracks the WilderHill New Energy Global Innovation while SPYN.DE tracks the MSCI Europe Energy 20/35 Capped. Both are passively managed. Over the past 3 years, G1CD.DE returned 5.13%/yr vs 17.57%/yr for SPYN.DE. At a 0.27 correlation, their price movements are largely independent. G1CD.DE charges 0.60%/yr vs 0.18%/yr for SPYN.DE.
Performance
G1CD.DE vs. SPYN.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with G1CD.DE having a 35.16% return and SPYN.DE slightly lower at 35.04%.
G1CD.DE
- 1D
- -0.69%
- 1M
- 3.11%
- YTD
- 35.16%
- 6M
- 37.55%
- 1Y
- 83.64%
- 3Y*
- 5.13%
- 5Y*
- —
- 10Y*
- —
SPYN.DE
- 1D
- -0.92%
- 1M
- -2.45%
- YTD
- 35.04%
- 6M
- 30.84%
- 1Y
- 54.32%
- 3Y*
- 17.57%
- 5Y*
- 19.95%
- 10Y*
- 11.20%
G1CD.DE vs. SPYN.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% |
SPYN.DE SPDR MSCI Europe Energy UCITS ETF | 35.04% | 14.83% | -5.83% | 8.31% | 19.29% |
Correlation
The correlation between G1CD.DE and SPYN.DE is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.27 |
Over the past year, the correlation between G1CD.DE and SPYN.DE has dropped to 0.01 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
G1CD.DE vs. SPYN.DE — Risk / Return Rank
G1CD.DE
SPYN.DE
G1CD.DE vs. SPYN.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 SPDR MSCI Europe Energy UCITS ETF (SPYN.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 | SPYN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.42 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 7.85 | 4.55 | +3.30 |
| Martin ratioReturn relative to average drawdown | 27.83 | 14.57 | +13.26 |
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 | SPYN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.90 | 2.44 | +1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.30 | -0.24 |
Drawdowns
G1CD.DE vs. SPYN.DE - Drawdown Comparison
The maximum G1CD.DE drawdown since its inception was -64.00%, which is greater than SPYN.DE's maximum drawdown of -58.67%. Use the drawdown chart below to compare losses from any high point for G1CD.DE and SPYN.DE.
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Drawdown Indicators
| G1CD.DE | SPYN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.00% | -58.67% | -5.33% |
Max Drawdown (1Y)Largest decline over 1 year | -10.60% | -11.89% | +1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -52.73% | -26.54% | -26.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.67% | — |
Current DrawdownCurrent decline from peak | -16.50% | -6.51% | -9.99% |
Average DrawdownAverage peak-to-trough decline | -35.01% | -11.42% | -23.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.72% | -0.72% |
Volatility
G1CD.DE vs. SPYN.DE - Volatility Comparison
Invesco Global Clean Energy UCITS ETF Dist (G1CD.DE) has a higher volatility of 8.16% compared to SPDR MSCI Europe Energy UCITS ETF (SPYN.DE) at 7.11%. This indicates that G1CD.DE's price experiences larger fluctuations and is considered to be riskier than SPYN.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 | SPYN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.16% | 7.11% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 19.17% | -4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.33% | 22.25% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.12% | 23.69% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.12% | 26.06% | -0.94% |
G1CD.DE vs. SPYN.DE - Expense Ratio Comparison
G1CD.DE has a 0.60% expense ratio, which is higher than SPYN.DE's 0.18% expense ratio.
Dividends
G1CD.DE vs. SPYN.DE - Dividend Comparison
G1CD.DE's dividend yield for the trailing twelve months is around 1.52%, while SPYN.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% |
SPYN.DE SPDR MSCI Europe Energy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
G1CD.DE and SPYN.DE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYN.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYN.DE is cheaper with a 0.18% expense ratio, compared with 0.60% for G1CD.DE.
G1CD.DE tracks WilderHill New Energy Global Innovation, while SPYN.DE tracks MSCI Europe Energy 20/35 Capped. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.60% for G1CD.DE and 0.18% for SPYN.DE.
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