GCLE.L vs. IGDA.L
Compare and contrast key facts about Invesco Global Clean Energy UCITS ETF Acc (GCLE.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L).
GCLE.L and IGDA.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. IGDA.L is a passively managed fund by Invesco that tracks the performance of the Dow Jones Islamic Market Developed Markets Index. It was launched on Jan 7, 2022. Both GCLE.L and IGDA.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. IGDA.L - Performance Comparison
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GCLE.L vs. IGDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GCLE.L Invesco Global Clean Energy UCITS ETF Acc | 9.02% | 41.98% | -26.51% | -10.51% | -9.75% |
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc | -5.89% | 18.74% | 17.94% | 29.72% | -14.30% |
Returns By Period
In the year-to-date period, GCLE.L achieves a 9.02% return, which is significantly higher than IGDA.L's -5.89% return.
GCLE.L
- 1D
- 0.18%
- 1M
- -4.76%
- YTD
- 9.02%
- 6M
- 18.30%
- 1Y
- 71.92%
- 3Y*
- -1.88%
- 5Y*
- -10.08%
- 10Y*
- —
IGDA.L
- 1D
- 0.81%
- 1M
- -8.14%
- YTD
- -5.89%
- 6M
- -0.88%
- 1Y
- 20.85%
- 3Y*
- 15.76%
- 5Y*
- —
- 10Y*
- —
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GCLE.L vs. IGDA.L - Expense Ratio Comparison
GCLE.L has a 0.60% expense ratio, which is higher than IGDA.L's 0.40% expense ratio.
Return for Risk
GCLE.L vs. IGDA.L — Risk / Return Rank
GCLE.L
IGDA.L
GCLE.L vs. IGDA.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 Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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 | IGDA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.06 | 1.23 | +1.83 |
Sortino ratioReturn per unit of downside risk | 3.68 | 1.75 | +1.93 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.24 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 5.17 | 1.62 | +3.55 |
Martin ratioReturn relative to average drawdown | 19.65 | 7.29 | +12.37 |
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 | IGDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 1.23 | +1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | 0.57 | -0.95 |
Correlation
The correlation between GCLE.L and IGDA.L is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GCLE.L vs. IGDA.L - Dividend Comparison
Neither GCLE.L nor IGDA.L has paid dividends to shareholders.
Drawdowns
GCLE.L vs. IGDA.L - Drawdown Comparison
The maximum GCLE.L drawdown since its inception was -72.13%, which is greater than IGDA.L's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for GCLE.L and IGDA.L.
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Drawdown Indicators
| GCLE.L | IGDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.13% | -24.18% | -47.95% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -11.73% | -1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -69.94% | — | — |
Current DrawdownCurrent decline from peak | -45.50% | -8.98% | -36.52% |
Average DrawdownAverage peak-to-trough decline | -45.15% | -5.37% | -39.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.61% | +0.95% |
Volatility
GCLE.L vs. IGDA.L - Volatility Comparison
Invesco Global Clean Energy UCITS ETF Acc (GCLE.L) has a higher volatility of 7.75% compared to Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) at 5.17%. This indicates that GCLE.L's price experiences larger fluctuations and is considered to be riskier than IGDA.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 | IGDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | 5.17% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 16.46% | 9.69% | +6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.61% | 17.00% | +6.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.52% | 18.64% | +9.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.03% | 18.64% | +10.39% |