G1CE.DE vs. N1ES.DE
G1CE.DE (Invesco Global Clean Energy UCITS ETF Acc) and N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both exchange-traded funds - G1CE.DE is a Energy Equities fund tracking the WilderHill New Energy Global Innovation, while N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG. Both are passively managed. Over the past 3 years, G1CE.DE returned -0.62%/yr vs 24.44%/yr for N1ES.DE. A 0.57 correlation means they provide meaningful diversification when combined. G1CE.DE charges 0.60%/yr vs 0.25%/yr for N1ES.DE.
Performance
G1CE.DE vs. N1ES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, G1CE.DE achieves a 17.30% return, which is significantly lower than N1ES.DE's 20.65% return.
G1CE.DE
- 1D
- -0.04%
- 1M
- -8.21%
- 6M
- 9.07%
- YTD
- 17.30%
- 1Y
- 44.23%
- 3Y*
- -0.62%
- 5Y*
- -6.40%
- 10Y*
- —
N1ES.DE
- 1D
- 0.00%
- 1M
- -0.96%
- 6M
- 20.55%
- YTD
- 20.65%
- 1Y
- 32.92%
- 3Y*
- 24.44%
- 5Y*
- —
- 10Y*
- —
G1CE.DE vs. N1ES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
G1CE.DE Invesco Global Clean Energy UCITS ETF Acc | 17.30% | 27.42% | -22.22% | -13.48% | -25.43% | -10.12% |
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 20.65% | 8.26% | 33.55% | 51.62% | -29.13% | 10.00% |
Correlation
The correlation between G1CE.DE and N1ES.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2021 | 0.57 |
The correlation between G1CE.DE and N1ES.DE shifts across timeframes, from 0.50 (3 years) to 0.65 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
G1CE.DE vs. N1ES.DE — Risk / Return Rank
G1CE.DE
N1ES.DE
G1CE.DE vs. N1ES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Clean Energy UCITS ETF Acc (G1CE.DE) and Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| G1CE.DE | N1ES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 3.05 | -0.42 |
| Martin ratioReturn relative to average drawdown | 8.98 | 8.55 | +0.43 |
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Drawdowns
G1CE.DE vs. N1ES.DE - Drawdown Comparison
The maximum G1CE.DE drawdown since its inception was -74.86%, which is greater than N1ES.DE's maximum drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for G1CE.DE and N1ES.DE.
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Drawdown Indicators
| G1CE.DE | N1ES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.86% | -29.96% | -44.90% |
Max Drawdown (1Y)Largest decline over 1 year | -16.75% | -10.86% | -5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -52.76% | -26.65% | -26.11% |
Max Drawdown (5Y)Largest decline over 5 years | -68.85% | — | — |
Current DrawdownCurrent decline from peak | -49.68% | -1.78% | -47.90% |
Average DrawdownAverage peak-to-trough decline | -50.20% | -8.36% | -41.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 3.86% | +1.05% |
Volatility
G1CE.DE vs. N1ES.DE - Volatility Comparison
Invesco Global Clean Energy UCITS ETF Acc (G1CE.DE) has a higher volatility of 8.03% compared to Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) at 6.12%. This indicates that G1CE.DE's price experiences larger fluctuations and is considered to be riskier than N1ES.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| G1CE.DE | N1ES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 6.12% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 17.55% | 13.31% | +4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.08% | 18.21% | +4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.38% | 20.81% | +5.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.02% | 20.81% | +7.21% |
G1CE.DE vs. N1ES.DE - Expense Ratio Comparison
G1CE.DE has a 0.60% expense ratio, which is higher than N1ES.DE's 0.25% expense ratio.
Dividends
G1CE.DE vs. N1ES.DE - Dividend Comparison
Neither G1CE.DE nor N1ES.DE has paid dividends to shareholders.
Frequently Asked Questions
G1CE.DE and N1ES.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, N1ES.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
N1ES.DE is cheaper with a 0.25% expense ratio, compared with 0.60% for G1CE.DE.
G1CE.DE is categorized as Energy Equities, while N1ES.DE is Nasdaq-100. G1CE.DE tracks WilderHill New Energy Global Innovation, while N1ES.DE tracks Nasdaq 100® ESG. Their fees differ too: 0.60% for G1CE.DE and 0.25% for N1ES.DE.
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