QCLN.DE vs. WDEE.DE
QCLN.DE (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) and WDEE.DE (Invesco S&P World Energy ESG UCITS ETF Acc) are both Energy Equities funds - QCLN.DE tracks the S&P Global Clean Energy TR USD while WDEE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy. Both are passively managed. Over the past 3 years, QCLN.DE returned 8.07%/yr vs 16.13%/yr for WDEE.DE. At a 0.20 correlation, their price movements are largely independent. QCLN.DE charges 0.60%/yr vs 0.18%/yr for WDEE.DE.
Performance
QCLN.DE vs. WDEE.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 WDEE.DE's 33.31% return.
QCLN.DE
- 1D
- -1.82%
- 1M
- 14.22%
- YTD
- 49.11%
- 6M
- 44.27%
- 1Y
- 112.94%
- 3Y*
- 8.07%
- 5Y*
- 2.29%
- 10Y*
- —
WDEE.DE
- 1D
- 2.19%
- 1M
- 3.35%
- YTD
- 33.31%
- 6M
- 28.18%
- 1Y
- 39.15%
- 3Y*
- 16.13%
- 5Y*
- —
- 10Y*
- —
QCLN.DE vs. WDEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QCLN.DE First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 49.11% | 16.50% | -14.54% | -14.56% |
WDEE.DE Invesco S&P World Energy ESG UCITS ETF Acc | 33.31% | -2.96% | 9.29% | 6.37% |
Correlation
The correlation between QCLN.DE and WDEE.DE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.20 |
The correlation between QCLN.DE and WDEE.DE shifts across timeframes, from -0.02 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QCLN.DE vs. WDEE.DE — Risk / Return Rank
QCLN.DE
WDEE.DE
QCLN.DE vs. WDEE.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 S&P World Energy ESG UCITS ETF Acc (WDEE.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 | WDEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.31 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 7.93 | 2.94 | +4.99 |
| Martin ratioReturn relative to average drawdown | 24.33 | 9.51 | +14.82 |
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 | WDEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.20 | 1.75 | +1.44 |
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 | 0.69 | -0.77 |
Drawdowns
QCLN.DE vs. WDEE.DE - Drawdown Comparison
The maximum QCLN.DE drawdown since its inception was -69.59%, which is greater than WDEE.DE's maximum drawdown of -23.77%. Use the drawdown chart below to compare losses from any high point for QCLN.DE and WDEE.DE.
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Drawdown Indicators
| QCLN.DE | WDEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.59% | -23.77% | -45.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -12.42% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -56.68% | -23.77% | -32.91% |
Max Drawdown (5Y)Largest decline over 5 years | -69.59% | — | — |
Current DrawdownCurrent decline from peak | -20.21% | -4.37% | -15.84% |
Average DrawdownAverage peak-to-trough decline | -39.08% | -7.19% | -31.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 3.85% | +0.74% |
Volatility
QCLN.DE vs. WDEE.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 S&P World Energy ESG UCITS ETF Acc (WDEE.DE) at 7.54%. This indicates that QCLN.DE's price experiences larger fluctuations and is considered to be riskier than WDEE.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 | WDEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.59% | 7.54% | +7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 17.53% | +7.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.84% | 20.89% | +13.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.29% | 19.94% | +16.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.76% | 19.94% | +16.82% |
QCLN.DE vs. WDEE.DE - Expense Ratio Comparison
QCLN.DE has a 0.60% expense ratio, which is higher than WDEE.DE's 0.18% expense ratio.
Dividends
QCLN.DE vs. WDEE.DE - Dividend Comparison
Neither QCLN.DE nor WDEE.DE has paid dividends to shareholders.
Frequently Asked Questions
QCLN.DE and WDEE.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDEE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDEE.DE is cheaper with a 0.18% expense ratio, compared with 0.60% for QCLN.DE.
QCLN.DE tracks S&P Global Clean Energy TR USD, while WDEE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.60% for QCLN.DE and 0.18% for WDEE.DE.
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