QCLN.L vs. RENW.DE
QCLN.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) and RENW.DE (L&G Clean Energy UCITS ETF) are both Energy Equities funds - QCLN.L tracks the S&P Global Clean Energy TR USD while RENW.DE tracks the Solactive Clean Energy. Both are passively managed. Over the past 5 years, QCLN.L returned 2.45%/yr vs 9.30%/yr for RENW.DE. A 0.79 correlation means they provide meaningful diversification when combined. QCLN.L charges 0.60%/yr vs 0.49%/yr for RENW.DE.
Performance
QCLN.L vs. RENW.DE - Performance Comparison
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Different Trading Currencies
QCLN.L is traded in GBp, while RENW.DE is traded in EUR. To make them comparable, the RENW.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, QCLN.L achieves a 50.74% return, which is significantly higher than RENW.DE's 41.88% return.
QCLN.L
- 1D
- -1.62%
- 1M
- 15.04%
- YTD
- 50.74%
- 6M
- 46.10%
- 1Y
- 117.65%
- 3Y*
- 8.19%
- 5Y*
- 2.45%
- 10Y*
- —
RENW.DE
- 1D
- -1.65%
- 1M
- 4.89%
- YTD
- 41.88%
- 6M
- 39.72%
- 1Y
- 84.87%
- 3Y*
- 15.77%
- 5Y*
- 9.30%
- 10Y*
- —
QCLN.L vs. RENW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QCLN.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 50.74% | 20.09% | -17.94% | -12.66% | -23.26% | -17.50% |
RENW.DE L&G Clean Energy UCITS ETF | 41.88% | 42.31% | -13.57% | -13.07% | 1.98% | -14.26% |
Correlation
The correlation between QCLN.L and RENW.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2021 | 0.79 |
The correlation between QCLN.L and RENW.DE has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
QCLN.L vs. RENW.DE — Risk / Return Rank
QCLN.L
RENW.DE
QCLN.L vs. RENW.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.L) and L&G Clean Energy UCITS ETF (RENW.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.L | RENW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.60 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 7.96 | 9.35 | -1.39 |
| Martin ratioReturn relative to average drawdown | 25.08 | 33.66 | -8.58 |
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.L | RENW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.44 | 3.77 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.42 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.46 | -0.56 |
Drawdowns
QCLN.L vs. RENW.DE - Drawdown Comparison
The maximum QCLN.L drawdown since its inception was -69.87%, which is greater than RENW.DE's maximum drawdown of -46.50%. Use the drawdown chart below to compare losses from any high point for QCLN.L and RENW.DE.
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Drawdown Indicators
| QCLN.L | RENW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.87% | -46.50% | -23.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.69% | -9.03% | -5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -56.66% | -35.34% | -21.32% |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | -41.56% | -27.08% |
Current DrawdownCurrent decline from peak | -21.08% | -3.59% | -17.49% |
Average DrawdownAverage peak-to-trough decline | -40.89% | -20.39% | -20.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 2.51% | +2.16% |
Volatility
QCLN.L vs. RENW.DE - Volatility Comparison
First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.L) has a higher volatility of 14.86% compared to L&G Clean Energy UCITS ETF (RENW.DE) at 8.32%. This indicates that QCLN.L's price experiences larger fluctuations and is considered to be riskier than RENW.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.L | RENW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.86% | 8.32% | +6.54% |
Volatility (6M)Calculated over the trailing 6-month period | 24.36% | 16.53% | +7.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.07% | 22.38% | +11.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.87% | 21.71% | +14.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.95% | 22.29% | +14.66% |
QCLN.L vs. RENW.DE - Expense Ratio Comparison
QCLN.L has a 0.60% expense ratio, which is higher than RENW.DE's 0.49% expense ratio.
Dividends
QCLN.L vs. RENW.DE - Dividend Comparison
Neither QCLN.L nor RENW.DE has paid dividends to shareholders.
Frequently Asked Questions
QCLN.L and RENW.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RENW.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RENW.DE is cheaper with a 0.49% expense ratio, compared with 0.60% for QCLN.L.
QCLN.L tracks S&P Global Clean Energy TR USD, while RENW.DE tracks Solactive Clean Energy. They also come from different issuers: First Trust and Legal & General. Their fees differ too: 0.60% for QCLN.L and 0.49% for RENW.DE.
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