GCLE.L vs. GCED.L
Compare and contrast key facts about Invesco Global Clean Energy UCITS ETF Acc (GCLE.L) and Invesco Global Clean Energy UCITS ETF Dist (GCED.L).
GCLE.L and GCED.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GCLE.L is a passively managed fund by Invesco that tracks the performance of the WilderHill New Energy Global Innovation Index. It was launched on Mar 1, 2021. GCED.L is a passively managed fund by Invesco that tracks the performance of the WilderHill New Energy Global Innovation Index. It was launched on Mar 1, 2021. Both GCLE.L and GCED.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GCLE.L vs. GCED.L - Performance Comparison
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GCLE.L vs. GCED.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GCLE.L Invesco Global Clean Energy UCITS ETF Acc | 9.02% | 41.98% | -26.51% | -10.51% | -30.63% | -22.82% |
GCED.L Invesco Global Clean Energy UCITS ETF Dist | 9.19% | 41.92% | -26.55% | -10.54% | -30.72% | -22.60% |
Returns By Period
The year-to-date returns for both investments are quite close, with GCLE.L having a 9.02% return and GCED.L slightly higher at 9.19%.
GCLE.L
- 1D
- 0.18%
- 1M
- -4.76%
- YTD
- 9.02%
- 6M
- 18.30%
- 1Y
- 71.92%
- 3Y*
- -1.88%
- 5Y*
- -10.08%
- 10Y*
- —
GCED.L
- 1D
- 0.17%
- 1M
- -4.54%
- YTD
- 9.19%
- 6M
- 18.46%
- 1Y
- 71.94%
- 3Y*
- -1.86%
- 5Y*
- -10.10%
- 10Y*
- —
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GCLE.L vs. GCED.L - Expense Ratio Comparison
Both GCLE.L and GCED.L have an expense ratio of 0.60%.
Return for Risk
GCLE.L vs. GCED.L — Risk / Return Rank
GCLE.L
GCED.L
GCLE.L vs. GCED.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Clean Energy UCITS ETF Acc (GCLE.L) and Invesco Global Clean Energy UCITS ETF Dist (GCED.L). 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.
| GCLE.L | GCED.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.06 | 3.07 | -0.01 |
Sortino ratioReturn per unit of downside risk | 3.68 | 3.70 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.49 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 5.17 | 5.20 | -0.03 |
Martin ratioReturn relative to average drawdown | 19.65 | 19.59 | +0.06 |
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
| GCLE.L | GCED.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 3.07 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.36 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | -0.39 | 0.00 |
Correlation
The correlation between GCLE.L and GCED.L is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GCLE.L vs. GCED.L - Dividend Comparison
GCLE.L has not paid dividends to shareholders, while GCED.L's dividend yield for the trailing twelve months is around 1.90%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GCLE.L Invesco Global Clean Energy UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GCED.L Invesco Global Clean Energy UCITS ETF Dist | 1.90% | 2.09% | 1.43% | 0.68% | 0.09% | 0.20% |
Drawdowns
GCLE.L vs. GCED.L - Drawdown Comparison
The maximum GCLE.L drawdown since its inception was -72.13%, roughly equal to the maximum GCED.L drawdown of -72.10%. Use the drawdown chart below to compare losses from any high point for GCLE.L and GCED.L.
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Drawdown Indicators
| GCLE.L | GCED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.13% | -72.10% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -13.48% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -69.94% | -69.99% | +0.05% |
Current DrawdownCurrent decline from peak | -45.50% | -45.40% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -45.15% | -45.12% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 3.58% | -0.02% |
Volatility
GCLE.L vs. GCED.L - Volatility Comparison
Invesco Global Clean Energy UCITS ETF Acc (GCLE.L) has a higher volatility of 7.75% compared to Invesco Global Clean Energy UCITS ETF Dist (GCED.L) at 7.35%. This indicates that GCLE.L's price experiences larger fluctuations and is considered to be riskier than GCED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCLE.L | GCED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | 7.35% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 16.46% | 16.29% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.61% | 23.51% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.52% | 28.37% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.03% | 28.86% | +0.17% |