PWER vs. 36BA.DE

Last updated Jun 4, 2026

PWER (Macquarie Energy Transition ETF) and 36BA.DE (iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)) are both exchange-traded funds - PWER is a Alternative Energy Equities fund actively managed by Macquarie, while 36BA.DE is a Corporate Bonds fund tracking the Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged). PWER is actively managed, while 36BA.DE is passively managed. Over the past year, PWER returned 70.78% vs 4.99% for 36BA.DE. At a 0.27 correlation, their price movements are largely independent. PWER charges 0.80%/yr vs 0.17%/yr for 36BA.DE.

Performance

PWER vs. 36BA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Macquarie Energy Transition ETF (PWER) and iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PWER is traded in USD, while 36BA.DE is traded in EUR. To make them comparable, the 36BA.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PWER achieves a 31.35% return, which is significantly higher than 36BA.DE's -2.18% return.

PWER

• 1D: -1.00%
• 1M: 7.47%
• YTD: 31.35%
• 6M: 32.81%
• 1Y: 70.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

36BA.DE

• 1D: -0.65%
• 1M: -0.26%
• YTD: -2.18%
• 6M: -1.32%
• 1Y: 4.99%
• 3Y*: 5.56%
• 5Y*: -2.59%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PWER vs. 36BA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PWER Macquarie Energy Transition ETF	31.35%	35.28%	-3.50%	9.72%
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)	-2.18%	18.98%	-5.53%	4.39%

Correlation

The correlation between PWER and 36BA.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.27

Return for Risk

PWER vs. 36BA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PWER

PWER Risk / Return Rank: 93
PWER Sharpe Ratio Rank: 94
PWER Sortino Ratio Rank: 92
PWER Omega Ratio Rank: 90
PWER Calmar Ratio Rank: 95
PWER Martin Ratio Rank: 95

36BA.DE

36BA.DE Risk / Return Rank: 19
36BA.DE Sharpe Ratio Rank: 19
36BA.DE Sortino Ratio Rank: 18
36BA.DE Omega Ratio Rank: 17
36BA.DE Calmar Ratio Rank: 22
36BA.DE Martin Ratio Rank: 21

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.

PWER vs. 36BA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Macquarie Energy Transition ETF (PWER) and iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE). 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.

	PWER	36BA.DE	Difference
Sharpe ratio Return per unit of total volatility	3.61	0.57	+3.05
Sortino ratio Return per unit of downside risk	4.45	0.87	+3.58
Omega ratio Gain probability vs. loss probability	1.59	1.10	+0.48
Calmar ratio Return relative to maximum drawdown	7.85	0.74	+7.11
Martin ratio Return relative to average drawdown	32.42	1.95	+30.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PWER vs. 36BA.DE - Sharpe Ratio Comparison

The current PWER Sharpe Ratio is 3.61, which is higher than the 36BA.DE Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of PWER and 36BA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PWER	36BA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.61	0.57	+3.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.04	+1.20

Drawdowns

PWER vs. 36BA.DE - Drawdown Comparison

The maximum PWER drawdown since its inception was -29.68%, smaller than the maximum 36BA.DE drawdown of -38.95%. Use the drawdown chart below to compare losses from any high point for PWER and 36BA.DE.

Drawdown Indicators

	PWER	36BA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-29.68%	-38.95%	+9.27%
Max Drawdown (1Y) Largest decline over 1 year	-9.07%	-6.75%	-2.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.80%	—
Current Drawdown Current decline from peak	-1.00%	-15.83%	+14.83%
Average Drawdown Average peak-to-trough decline	-6.22%	-18.54%	+12.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.55%	-0.36%

Volatility

PWER vs. 36BA.DE - Volatility Comparison

Macquarie Energy Transition ETF (PWER) has a higher volatility of 6.20% compared to iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) at 2.82%. This indicates that PWER's price experiences larger fluctuations and is considered to be riskier than 36BA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PWER	36BA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.20%	2.82%	+3.38%
Volatility (6M) Calculated over the trailing 6-month period	15.55%	6.19%	+9.36%
Volatility (1Y) Calculated over the trailing 1-year period	19.74%	8.79%	+10.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.37%	11.77%	+11.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.37%	11.29%	+12.08%

PWER vs. 36BA.DE - Expense Ratio Comparison

PWER has a 0.80% expense ratio, which is higher than 36BA.DE's 0.17% expense ratio.

Dividends

PWER vs. 36BA.DE - Dividend Comparison

PWER's dividend yield for the trailing twelve months is around 1.05%, less than 36BA.DE's 4.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)	4.96%	4.73%	4.75%	4.15%	2.94%	1.76%	0.87%
PWER Macquarie Energy Transition ETF	1.05%	1.37%	1.05%	0.06%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PWER and 36BA.DE in my portfolio?

PWER and 36BA.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PWER or 36BA.DE?

On fees, 36BA.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PWER or 36BA.DE?

36BA.DE is cheaper with a 0.17% expense ratio, compared with 0.80% for PWER.

What is the main difference between PWER and 36BA.DE?

PWER is categorized as Alternative Energy Equities, while 36BA.DE is Corporate Bonds. They also come from different issuers: Macquarie and iShares. Their fees differ too: 0.80% for PWER and 0.17% for 36BA.DE.