PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ISUN.L vs. INRG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISUN.L vs. INRG.L

Last updated Jun 5, 2026

ISUN.L (Invesco Solar Energy UCITS ETF Acc) and INRG.L (iShares Global Clean Energy UCITS ETF USD (Dist)) are both Energy Equities funds - ISUN.L tracks the MAC Global Solar Energy Index while INRG.L tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, ISUN.L returned -1.20%/yr vs 8.37%/yr for INRG.L. A 0.73 correlation means they provide meaningful diversification when combined. ISUN.L charges 0.69%/yr vs 0.65%/yr for INRG.L.

Performance

ISUN.L vs. INRG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Solar Energy UCITS ETF Acc (ISUN.L) and iShares Global Clean Energy UCITS ETF USD (Dist) (INRG.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

ISUN.L is traded in USD, while INRG.L is traded in GBp. To make them comparable, the INRG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with ISUN.L having a 39.92% return and INRG.L slightly lower at 38.75%.

ISUN.L

1D
-2.43%
1M
14.82%
YTD
39.92%
6M
44.99%
1Y
106.55%
3Y*
-1.20%
5Y*
—
10Y*
—

INRG.L

1D
-1.96%
1M
7.47%
YTD
38.75%
6M
36.52%
1Y
80.90%
3Y*
8.37%
5Y*
1.64%
10Y*
11.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISUN.L vs. INRG.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ISUN.L
Invesco Solar Energy UCITS ETF Acc		39.92%45.70%-36.88%-26.04%-7.51%-7.86%
INRG.L
iShares Global Clean Energy UCITS ETF USD (Dist)		38.75%44.92%-25.65%-19.82%-5.76%-5.76%

Correlation

The correlation between ISUN.L and INRG.L is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.80

Correlation (3Y)
Calculated over the trailing 3-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Aug 13, 2021

0.73

The correlation between ISUN.L and INRG.L has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.

ISUN.L vs. INRG.L - Sectors Allocation Comparison

Sectors
ISUN.L
INRG.L

Technology

62.0%
10.5%

Energy

51.5%
24.7%

Utilities

30.6%
33.7%

Financial Services

4.5%

-

Industrials

2.8%
28.3%

Basic Materials

-

1.3%

Communication Services

-

-

Consumer Cyclical

-

0.1%

Consumer Defensive

-

-

Healthcare

-

-

Real Estate

-

-

Technology

ISUN.L
62.0%
INRG.L
10.5%

Energy

ISUN.L
51.5%
INRG.L
24.7%

Utilities

ISUN.L
30.6%
INRG.L
33.7%

Financial Services

ISUN.L
4.5%
INRG.L

-

Industrials

ISUN.L
2.8%
INRG.L
28.3%

Basic Materials

ISUN.L

-

INRG.L
1.3%

Communication Services

ISUN.L

-

INRG.L

-

Consumer Cyclical

ISUN.L

-

INRG.L
0.1%

Consumer Defensive

ISUN.L

-

INRG.L

-

Healthcare

ISUN.L

-

INRG.L

-

Real Estate

ISUN.L

-

INRG.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Solar Energy UCITS ETF Acc

iShares Global Clean Energy UCITS ETF USD (Dist)

Often compared with ISUN.L:
ISUN.L vs. GCLE.LISUN.L vs. ANRJ.LISUN.L vs. MLPD.LISUN.L vs. XLEP.LISUN.L vs. CWEU.LISUN.L vs. GXLE.LISUN.L vs. XSEN.L
Often compared with INRG.L:
INRG.L vs. ICLNINRG.L vs. TANINRG.L vs. RENW.DEINRG.L vs. V3AB.LINRG.L vs. ACESINRG.L vs. ESIH.LINRG.L vs. RENG.L

Return for Risk

ISUN.L vs. INRG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISUN.L
ISUN.L Risk / Return Rank: 8787
Overall Rank
ISUN.L Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
ISUN.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
ISUN.L Omega Ratio Rank: 7676
Omega Ratio Rank
ISUN.L Calmar Ratio Rank: 9595
Calmar Ratio Rank
ISUN.L Martin Ratio Rank: 9090
Martin Ratio Rank
INRG.L
INRG.L Risk / Return Rank: 9191
Overall Rank
INRG.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
INRG.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
INRG.L Omega Ratio Rank: 8787
Omega Ratio Rank
INRG.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
INRG.L Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ISUN.L vs. INRG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Solar Energy UCITS ETF Acc (ISUN.L) and iShares Global Clean Energy UCITS ETF USD (Dist) (INRG.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.

ISUN.LINRG.LDifference
Sharpe ratioReturn per unit of total volatility
3.08
3.21

-0.14

Sortino ratioReturn per unit of downside risk
3.68
4.09

-0.41

Omega ratioGain probability vs. loss probability

1.44

1.48

-0.04

Calmar ratioReturn relative to maximum drawdown

8.38

7.14

+1.24

Martin ratioReturn relative to average drawdown

20.69

21.47

-0.78

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISUN.L vs. INRG.L - Sharpe Ratio Comparison

The current ISUN.L Sharpe Ratio is 3.08, which is comparable to the INRG.L Sharpe Ratio of 3.21. The chart below compares the historical Sharpe Ratios of ISUN.L and INRG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

ISUN.LINRG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.08

3.21

-0.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.06

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.44

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.12

-0.05

-0.07

Drawdowns

ISUN.L vs. INRG.L - Drawdown Comparison

The maximum ISUN.L drawdown since its inception was -74.01%, smaller than the maximum INRG.L drawdown of -88.36%. Use the drawdown chart below to compare losses from any high point for ISUN.L and INRG.L.

Loading charts...

Drawdown Indicators

ISUN.LINRG.LDifference

Max Drawdown

Largest peak-to-trough decline

-74.01%

-88.36%

+14.35%

Max Drawdown (1Y)

Largest decline over 1 year

-12.64%

-11.27%

-1.37%

Max Drawdown (3Y)

Largest decline over 3 years

-64.50%

-43.89%

-20.61%

Max Drawdown (5Y)

Largest decline over 5 years

—

-57.21%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-67.38%

—

Current Drawdown

Current decline from peak

-30.78%

-41.87%

+11.09%

Average Drawdown

Average peak-to-trough decline

-44.62%

-66.30%

+21.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.13%

3.76%

+1.37%

Volatility

ISUN.L vs. INRG.L - Volatility Comparison

Invesco Solar Energy UCITS ETF Acc (ISUN.L) has a higher volatility of 13.17% compared to iShares Global Clean Energy UCITS ETF USD (Dist) (INRG.L) at 9.81%. This indicates that ISUN.L's price experiences larger fluctuations and is considered to be riskier than INRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ISUN.LINRG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.17%

9.81%

+3.36%

Volatility (6M)

Calculated over the trailing 6-month period

23.69%

18.47%

+5.22%

Volatility (1Y)

Calculated over the trailing 1-year period

34.48%

25.06%

+9.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

42.46%

26.71%

+15.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.46%

26.61%

+15.85%

ISUN.L vs. INRG.L - Expense Ratio Comparison

ISUN.L has a 0.69% expense ratio, which is higher than INRG.L's 0.65% expense ratio.

Dividends

ISUN.L vs. INRG.L - Dividend Comparison

ISUN.L has not paid dividends to shareholders, while INRG.L's dividend yield for the trailing twelve months is around 1.09%.

PositionTTM20252024202320222021202020192018201720162015
INRG.L
iShares Global Clean Energy UCITS ETF USD (Dist)		1.09%1.77%1.58%1.00%0.62%1.01%0.61%2.05%3.68%3.69%3.65%3.90%
ISUN.L
Invesco Solar Energy UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ISUN.L and INRG.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, INRG.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

INRG.L is cheaper with a 0.65% expense ratio, compared with 0.69% for ISUN.L.

ISUN.L tracks MAC Global Solar Energy Index, while INRG.L tracks S&P Global Clean Energy TR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.69% for ISUN.L and 0.65% for INRG.L.

Portfolio Optimizer

Find the right allocation for ISUN.L and INRG.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer