QCLN.DE vs. S0LR.DE
QCLN.DE (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) and S0LR.DE (Invesco Solar Energy UCITS ETF Acc) are both Energy Equities funds - QCLN.DE tracks the S&P Global Clean Energy TR USD while S0LR.DE tracks the MAC Global Solar Energy. Both are passively managed. Over the past 3 years, QCLN.DE returned 8.07%/yr vs -3.99%/yr for S0LR.DE. Their correlation of 0.82 suggests significant overlap in exposure. QCLN.DE charges 0.60%/yr vs 0.69%/yr for S0LR.DE.
Performance
QCLN.DE vs. S0LR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QCLN.DE achieves a 49.11% return, which is significantly higher than S0LR.DE's 39.14% return.
QCLN.DE
- 1D
- -1.82%
- 1M
- 14.31%
- YTD
- 49.11%
- 6M
- 47.01%
- 1Y
- 111.97%
- 3Y*
- 8.07%
- 5Y*
- 2.29%
- 10Y*
- —
S0LR.DE
- 1D
- -2.10%
- 1M
- 15.39%
- YTD
- 39.14%
- 6M
- 44.58%
- 1Y
- 102.95%
- 3Y*
- -3.99%
- 5Y*
- —
- 10Y*
- —
QCLN.DE vs. S0LR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QCLN.DE First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 49.11% | 16.50% | -14.54% | -10.39% | -26.09% | 3.11% |
S0LR.DE Invesco Solar Energy UCITS ETF Acc | 39.14% | 31.50% | -33.95% | -27.80% | 1.22% | -8.13% |
Correlation
The correlation between QCLN.DE and S0LR.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.82 |
The correlation between QCLN.DE and S0LR.DE shifts across timeframes, from 0.71 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QCLN.DE vs. S0LR.DE — Risk / Return Rank
QCLN.DE
S0LR.DE
QCLN.DE vs. S0LR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.DE) and Invesco Solar Energy UCITS ETF Acc (S0LR.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.
| QCLN.DE | S0LR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 7.93 | 8.71 | -0.78 |
| Martin ratioReturn relative to average drawdown | 24.33 | 21.79 | +2.54 |
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
| QCLN.DE | S0LR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.20 | 3.02 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.12 | +0.04 |
Drawdowns
QCLN.DE vs. S0LR.DE - Drawdown Comparison
The maximum QCLN.DE drawdown since its inception was -69.59%, smaller than the maximum S0LR.DE drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for QCLN.DE and S0LR.DE.
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Drawdown Indicators
| QCLN.DE | S0LR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.59% | -73.43% | +3.84% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -11.75% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -56.68% | -65.01% | +8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -69.59% | — | — |
Current DrawdownCurrent decline from peak | -20.21% | -32.82% | +12.61% |
Average DrawdownAverage peak-to-trough decline | -39.08% | -39.70% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 4.71% | -0.12% |
Volatility
QCLN.DE vs. S0LR.DE - Volatility Comparison
First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.DE) has a higher volatility of 14.59% compared to Invesco Solar Energy UCITS ETF Acc (S0LR.DE) at 12.56%. This indicates that QCLN.DE's price experiences larger fluctuations and is considered to be riskier than S0LR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QCLN.DE | S0LR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.59% | 12.56% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 23.50% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.84% | 33.92% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.29% | 36.23% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.76% | 36.23% | +0.53% |
QCLN.DE vs. S0LR.DE - Expense Ratio Comparison
QCLN.DE has a 0.60% expense ratio, which is lower than S0LR.DE's 0.69% expense ratio.
Dividends
QCLN.DE vs. S0LR.DE - Dividend Comparison
Neither QCLN.DE nor S0LR.DE has paid dividends to shareholders.
Frequently Asked Questions
QCLN.DE and S0LR.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QCLN.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QCLN.DE is cheaper with a 0.60% expense ratio, compared with 0.69% for S0LR.DE.
QCLN.DE tracks S&P Global Clean Energy TR USD, while S0LR.DE tracks MAC Global Solar Energy. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.60% for QCLN.DE and 0.69% for S0LR.DE.
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