QCLN.DE vs. WRNW.DE
QCLN.DE (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) and WRNW.DE (WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc) are both Energy Equities funds - QCLN.DE tracks the S&P Global Clean Energy TR USD while WRNW.DE tracks the WisdomTree Renewable Energy. Both are passively managed. Over the past year, QCLN.DE returned 112.94% vs 107.60% for WRNW.DE. A 0.80 correlation means they provide meaningful diversification when combined. QCLN.DE charges 0.60%/yr vs 0.45%/yr for WRNW.DE.
Performance
QCLN.DE vs. WRNW.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 WRNW.DE's 30.17% 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*
- —
WRNW.DE
- 1D
- -2.37%
- 1M
- 3.73%
- YTD
- 30.17%
- 6M
- 29.38%
- 1Y
- 107.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCLN.DE vs. WRNW.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% | -17.13% |
WRNW.DE WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc | 30.17% | 51.49% | -23.68% | -12.62% |
Correlation
The correlation between QCLN.DE and WRNW.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023 | 0.80 |
The correlation between QCLN.DE and WRNW.DE has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.
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Return for Risk
QCLN.DE vs. WRNW.DE — Risk / Return Rank
QCLN.DE
WRNW.DE
QCLN.DE vs. WRNW.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 WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.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 | WRNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.52 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 7.93 | 7.07 | +0.86 |
| Martin ratioReturn relative to average drawdown | 24.33 | 23.97 | +0.36 |
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 | WRNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.20 | 3.54 | -0.35 |
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 | 0.37 | -0.44 |
Drawdowns
QCLN.DE vs. WRNW.DE - Drawdown Comparison
The maximum QCLN.DE drawdown since its inception was -69.59%, which is greater than WRNW.DE's maximum drawdown of -49.14%. Use the drawdown chart below to compare losses from any high point for QCLN.DE and WRNW.DE.
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Drawdown Indicators
| QCLN.DE | WRNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.59% | -49.14% | -20.45% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -15.04% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -56.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -69.59% | — | — |
Current DrawdownCurrent decline from peak | -20.21% | -4.04% | -16.17% |
Average DrawdownAverage peak-to-trough decline | -39.08% | -20.88% | -18.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 4.44% | +0.15% |
Volatility
QCLN.DE vs. WRNW.DE - Volatility Comparison
First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.DE) has a higher volatility of 14.59% compared to WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE) at 10.28%. This indicates that QCLN.DE's price experiences larger fluctuations and is considered to be riskier than WRNW.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 | WRNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.59% | 10.28% | +4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 19.33% | +5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.84% | 30.01% | +4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.29% | 26.02% | +10.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.76% | 26.02% | +10.74% |
QCLN.DE vs. WRNW.DE - Expense Ratio Comparison
QCLN.DE has a 0.60% expense ratio, which is higher than WRNW.DE's 0.45% expense ratio.
Dividends
QCLN.DE vs. WRNW.DE - Dividend Comparison
Neither QCLN.DE nor WRNW.DE has paid dividends to shareholders.
Frequently Asked Questions
QCLN.DE and WRNW.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WRNW.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRNW.DE is cheaper with a 0.45% expense ratio, compared with 0.60% for QCLN.DE.
QCLN.DE tracks S&P Global Clean Energy TR USD, while WRNW.DE tracks WisdomTree Renewable Energy. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.60% for QCLN.DE and 0.45% for WRNW.DE.
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