G1CE.DE vs. WRNW.DE
G1CE.DE (Invesco Global Clean Energy UCITS ETF Acc) and WRNW.DE (WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc) are both Energy Equities funds - G1CE.DE tracks the WilderHill New Energy Global Innovation while WRNW.DE tracks the WisdomTree Renewable Energy. Both are passively managed. Over the past year, G1CE.DE returned 83.69% vs 106.88% for WRNW.DE. Their correlation of 0.87 suggests significant overlap in exposure. G1CE.DE charges 0.60%/yr vs 0.45%/yr for WRNW.DE.
Performance
G1CE.DE vs. WRNW.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 higher than WRNW.DE's 30.17% 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*
- —
WRNW.DE
- 1D
- -2.37%
- 1M
- 4.66%
- YTD
- 30.17%
- 6M
- 30.34%
- 1Y
- 106.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
G1CE.DE vs. WRNW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
G1CE.DE Invesco Global Clean Energy UCITS ETF Acc | 36.05% | 27.39% | -22.23% | -15.15% |
WRNW.DE WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc | 30.17% | 51.49% | -23.68% | -12.62% |
Correlation
The correlation between G1CE.DE and WRNW.DE is 0.85, 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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023 | 0.87 |
The correlation between G1CE.DE and WRNW.DE has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.
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Return for Risk
G1CE.DE vs. WRNW.DE — Risk / Return Rank
G1CE.DE
WRNW.DE
G1CE.DE vs. WRNW.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 WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.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 | WRNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.52 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 7.99 | 7.07 | +0.92 |
| Martin ratioReturn relative to average drawdown | 28.31 | 23.97 | +4.34 |
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 | WRNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.88 | 3.54 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.37 | -0.50 |
Drawdowns
G1CE.DE vs. WRNW.DE - Drawdown Comparison
The maximum G1CE.DE drawdown since its inception was -68.84%, which is greater than WRNW.DE's maximum drawdown of -49.14%. Use the drawdown chart below to compare losses from any high point for G1CE.DE and WRNW.DE.
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Drawdown Indicators
| G1CE.DE | WRNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.84% | -49.14% | -19.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -15.04% | +4.62% |
Max Drawdown (3Y)Largest decline over 3 years | -52.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -68.84% | — | — |
Current DrawdownCurrent decline from peak | -27.70% | -4.04% | -23.66% |
Average DrawdownAverage peak-to-trough decline | -38.48% | -20.88% | -17.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 4.44% | -1.49% |
Volatility
G1CE.DE vs. WRNW.DE - Volatility Comparison
The current volatility for Invesco Global Clean Energy UCITS ETF Acc (G1CE.DE) is 8.41%, while WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE) has a volatility of 10.28%. This indicates that G1CE.DE experiences smaller price fluctuations and is considered to be less risky than WRNW.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 | WRNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 10.28% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.61% | 19.33% | -4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.47% | 30.01% | -8.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.14% | 26.02% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.36% | 26.02% | +0.34% |
G1CE.DE vs. WRNW.DE - Expense Ratio Comparison
G1CE.DE has a 0.60% expense ratio, which is higher than WRNW.DE's 0.45% expense ratio.
Dividends
G1CE.DE vs. WRNW.DE - Dividend Comparison
Neither G1CE.DE nor WRNW.DE has paid dividends to shareholders.
Frequently Asked Questions
G1CE.DE and WRNW.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WRNW.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRNW.DE is cheaper with a 0.45% expense ratio, compared with 0.60% for G1CE.DE.
G1CE.DE tracks WilderHill New Energy Global Innovation, while WRNW.DE tracks WisdomTree Renewable Energy. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.60% for G1CE.DE and 0.45% for WRNW.DE.
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