GCLX.L vs. WDEE.L
GCLX.L (Invesco Global Clean Energy UCITS ETF Acc) and WDEE.L (Invesco S&P World Energy Targeted & Screened UCITS ETF Acc) are both Energy Equities funds from Invesco - GCLX.L tracks the S&P Global Clean Energy TR USD while WDEE.L tracks the S&P World Energy Targeted & Screened Index. Both are passively managed. Over the past 3 years, GCLX.L returned 5.24%/yr vs 15.96%/yr for WDEE.L. At a 0.24 correlation, their price movements are largely independent. GCLX.L charges 0.60%/yr vs 0.18%/yr for WDEE.L.
Performance
GCLX.L vs. WDEE.L - Performance Comparison
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Different Trading Currencies
GCLX.L is traded in GBp, while WDEE.L is traded in USD. To make them comparable, the WDEE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GCLX.L achieves a 36.06% return, which is significantly higher than WDEE.L's 30.50% return.
GCLX.L
- 1D
- -0.90%
- 1M
- 3.33%
- YTD
- 36.06%
- 6M
- 36.43%
- 1Y
- 88.67%
- 3Y*
- 5.24%
- 5Y*
- -3.55%
- 10Y*
- —
WDEE.L
- 1D
- -0.74%
- 1M
- -1.16%
- YTD
- 30.50%
- 6M
- 26.32%
- 1Y
- 40.90%
- 3Y*
- 15.96%
- 5Y*
- —
- 10Y*
- —
GCLX.L vs. WDEE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GCLX.L Invesco Global Clean Energy UCITS ETF Acc | 36.06% | 32.48% | -25.40% | -17.65% |
WDEE.L Invesco S&P World Energy Targeted & Screened UCITS ETF Acc | 30.50% | 1.24% | 5.84% | 4.65% |
Correlation
The correlation between GCLX.L and WDEE.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.24 |
The correlation between GCLX.L and WDEE.L shifts across timeframes, from -0.07 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GCLX.L vs. WDEE.L — Risk / Return Rank
GCLX.L
WDEE.L
GCLX.L vs. WDEE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Clean Energy UCITS ETF Acc (GCLX.L) and Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.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.
| GCLX.L | WDEE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.36 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 8.26 | 3.43 | +4.83 |
| Martin ratioReturn relative to average drawdown | 27.52 | 10.75 | +16.77 |
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
| GCLX.L | WDEE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.21 | 2.09 | +2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.67 | -0.91 |
Drawdowns
GCLX.L vs. WDEE.L - Drawdown Comparison
The maximum GCLX.L drawdown since its inception was -69.45%, which is greater than WDEE.L's maximum drawdown of -21.91%. Use the drawdown chart below to compare losses from any high point for GCLX.L and WDEE.L.
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Drawdown Indicators
| GCLX.L | WDEE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.45% | -21.91% | -47.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -11.86% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -52.84% | -21.91% | -30.93% |
Max Drawdown (5Y)Largest decline over 5 years | -68.40% | — | — |
Current DrawdownCurrent decline from peak | -29.12% | -5.47% | -23.65% |
Average DrawdownAverage peak-to-trough decline | -40.37% | -7.26% | -33.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 3.79% | -0.58% |
Volatility
GCLX.L vs. WDEE.L - Volatility Comparison
Invesco Global Clean Energy UCITS ETF Acc (GCLX.L) has a higher volatility of 8.47% compared to Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L) at 7.32%. This indicates that GCLX.L's price experiences larger fluctuations and is considered to be riskier than WDEE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCLX.L | WDEE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.47% | 7.32% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 15.99% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.98% | 19.54% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.59% | 19.34% | +6.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.20% | 19.34% | +6.86% |
GCLX.L vs. WDEE.L - Expense Ratio Comparison
GCLX.L has a 0.60% expense ratio, which is higher than WDEE.L's 0.18% expense ratio.
Dividends
GCLX.L vs. WDEE.L - Dividend Comparison
Neither GCLX.L nor WDEE.L has paid dividends to shareholders.
Frequently Asked Questions
GCLX.L and WDEE.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDEE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDEE.L is cheaper with a 0.18% expense ratio, compared with 0.60% for GCLX.L.
GCLX.L tracks S&P Global Clean Energy TR USD, while WDEE.L tracks S&P World Energy Targeted & Screened Index. Their fees differ too: 0.60% for GCLX.L and 0.18% for WDEE.L.
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