G1CE.DE vs. RENW.DE
G1CE.DE (Invesco Global Clean Energy UCITS ETF Acc) and RENW.DE (L&G Clean Energy UCITS ETF) are both Energy Equities funds - G1CE.DE tracks the WilderHill New Energy Global Innovation while RENW.DE tracks the Solactive Clean Energy. Both are passively managed. Over the past 5 years, G1CE.DE returned -3.72%/yr vs 9.15%/yr for RENW.DE. Their correlation of 0.88 suggests significant overlap in exposure. G1CE.DE charges 0.60%/yr vs 0.49%/yr for RENW.DE.
Performance
G1CE.DE vs. RENW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, G1CE.DE achieves a 36.05% return, which is significantly lower than RENW.DE's 43.00% return.
G1CE.DE
- 1D
- -1.30%
- 1M
- 3.20%
- YTD
- 36.05%
- 6M
- 37.56%
- 1Y
- 83.69%
- 3Y*
- 5.16%
- 5Y*
- -3.72%
- 10Y*
- —
RENW.DE
- 1D
- -1.77%
- 1M
- 4.00%
- YTD
- 43.00%
- 6M
- 41.28%
- 1Y
- 80.41%
- 3Y*
- 15.60%
- 5Y*
- 9.15%
- 10Y*
- —
G1CE.DE vs. RENW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
G1CE.DE Invesco Global Clean Energy UCITS ETF Acc | 36.05% | 27.39% | -22.23% | -13.46% | -25.42% | -5.12% |
RENW.DE L&G Clean Energy UCITS ETF | 43.00% | 35.27% | -9.64% | -11.30% | -3.32% | 7.27% |
Correlation
The correlation between G1CE.DE and RENW.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2021 | 0.88 |
The correlation between G1CE.DE and RENW.DE has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.
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Return for Risk
G1CE.DE vs. RENW.DE — Risk / Return Rank
G1CE.DE
RENW.DE
G1CE.DE vs. RENW.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 L&G Clean Energy UCITS ETF (RENW.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.
| G1CE.DE | RENW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.56 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 7.99 | 9.22 | -1.23 |
| Martin ratioReturn relative to average drawdown | 28.31 | 34.50 | -6.20 |
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
| G1CE.DE | RENW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.88 | 3.49 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.41 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.49 | -0.62 |
Drawdowns
G1CE.DE vs. RENW.DE - Drawdown Comparison
The maximum G1CE.DE drawdown since its inception was -68.84%, which is greater than RENW.DE's maximum drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for G1CE.DE and RENW.DE.
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Drawdown Indicators
| G1CE.DE | RENW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.84% | -43.93% | -24.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -8.63% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -52.75% | -35.00% | -17.75% |
Max Drawdown (5Y)Largest decline over 5 years | -68.84% | -42.30% | -26.54% |
Current DrawdownCurrent decline from peak | -27.70% | -3.64% | -24.06% |
Average DrawdownAverage peak-to-trough decline | -38.48% | -17.33% | -21.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.31% | +0.64% |
Volatility
G1CE.DE vs. RENW.DE - Volatility Comparison
Invesco Global Clean Energy UCITS ETF Acc (G1CE.DE) and L&G Clean Energy UCITS ETF (RENW.DE) have volatilities of 8.41% and 8.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| G1CE.DE | RENW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 8.24% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 14.61% | 16.85% | -2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.47% | 22.80% | -1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.14% | 22.02% | +4.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.36% | 22.48% | +3.88% |
G1CE.DE vs. RENW.DE - Expense Ratio Comparison
G1CE.DE has a 0.60% expense ratio, which is higher than RENW.DE's 0.49% expense ratio.
Dividends
G1CE.DE vs. RENW.DE - Dividend Comparison
Neither G1CE.DE nor RENW.DE has paid dividends to shareholders.
Frequently Asked Questions
G1CE.DE and RENW.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RENW.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RENW.DE is cheaper with a 0.49% expense ratio, compared with 0.60% for G1CE.DE.
G1CE.DE tracks WilderHill New Energy Global Innovation, while RENW.DE tracks Solactive Clean Energy. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.60% for G1CE.DE and 0.49% for RENW.DE.
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