IOGP.L vs. QCLN.L
IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) and QCLN.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) are both Energy Equities funds - IOGP.L tracks the S&P Commodity Producers Oil & Gas Exploration & Production Index while QCLN.L tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 5 years, IOGP.L returned 16.91%/yr vs -3.78%/yr for QCLN.L. At a 0.33 correlation, their price movements are largely independent. IOGP.L charges 0.55%/yr vs 0.60%/yr for QCLN.L.
Performance
IOGP.L vs. QCLN.L - Performance Comparison
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Different Trading Currencies
IOGP.L is traded in USD, while QCLN.L is traded in GBp. To make them comparable, the QCLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IOGP.L achieves a 20.93% return, which is significantly higher than QCLN.L's 15.15% return.
IOGP.L
- 1D
- 0.74%
- 1M
- 2.20%
- 6M
- 20.88%
- YTD
- 20.93%
- 1Y
- 26.42%
- 3Y*
- 9.43%
- 5Y*
- 16.91%
- 10Y*
- 6.62%
QCLN.L
- 1D
- -2.42%
- 1M
- -16.92%
- 6M
- 4.40%
- YTD
- 15.15%
- 1Y
- 47.94%
- 3Y*
- -2.92%
- 5Y*
- -3.78%
- 10Y*
- —
IOGP.L vs. QCLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOGP.L iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) | 20.93% | 6.27% | -0.86% | 2.69% | 37.85% | 67.31% | -31.65% | 8.07% | -20.89% | 6.45% |
QCLN.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 15.15% | 29.15% | -19.30% | -8.05% | -31.46% | 6,459.74% | 22.43% | 25.32% | -15.73% | 27.50% |
Correlation
The correlation between IOGP.L and QCLN.L is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2017 | 0.33 |
The correlation between IOGP.L and QCLN.L shifts across timeframes, from -0.05 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IOGP.L vs. QCLN.L — Risk / Return Rank
IOGP.L
QCLN.L
IOGP.L vs. QCLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) and First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IOGP.L | QCLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.94 | -0.59 |
| Martin ratioReturn relative to average drawdown | 3.54 | 6.76 | -3.22 |
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Drawdowns
IOGP.L vs. QCLN.L - Drawdown Comparison
The maximum IOGP.L drawdown since its inception was -83.55%, which is greater than QCLN.L's maximum drawdown of -72.06%. Use the drawdown chart below to compare losses from any high point for IOGP.L and QCLN.L.
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Drawdown Indicators
| IOGP.L | QCLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.55% | -72.06% | -11.49% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -24.63% | +5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -57.08% | +29.94% |
Max Drawdown (5Y)Largest decline over 5 years | -32.42% | -70.19% | +37.77% |
Max Drawdown (10Y)Largest decline over 10 years | -74.36% | — | — |
Current DrawdownCurrent decline from peak | -13.83% | -41.29% | +27.46% |
Average DrawdownAverage peak-to-trough decline | -33.69% | -30.43% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 7.08% | +0.37% |
Volatility
IOGP.L vs. QCLN.L - Volatility Comparison
The current volatility for iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) is 6.52%, while First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.L) has a volatility of 16.85%. This indicates that IOGP.L experiences smaller price fluctuations and is considered to be less risky than QCLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IOGP.L | QCLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 16.85% | -10.33% |
Volatility (6M)Calculated over the trailing 6-month period | 21.24% | 31.21% | -9.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.30% | 39.30% | -14.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.30% | 40.31% | -10.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.70% | 2,354.90% | -2,322.20% |
IOGP.L vs. QCLN.L - Expense Ratio Comparison
IOGP.L has a 0.55% expense ratio, which is lower than QCLN.L's 0.60% expense ratio.
Dividends
IOGP.L vs. QCLN.L - Dividend Comparison
Neither IOGP.L nor QCLN.L has paid dividends to shareholders.
Frequently Asked Questions
IOGP.L and QCLN.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IOGP.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IOGP.L is cheaper with a 0.55% expense ratio, compared with 0.60% for QCLN.L.
IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index, while QCLN.L tracks S&P Global Clean Energy TR USD. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.55% for IOGP.L and 0.60% for QCLN.L.
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