QCLN.L vs. RNRU.L
Compare and contrast key facts about First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.L) and Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L).
QCLN.L and RNRU.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QCLN.L is a passively managed fund by First Trust that tracks the performance of the S&P Global Clean Energy TR USD. It was launched on May 17, 2021. RNRU.L is a passively managed fund by Global X that tracks the performance of the S&P Global Clean Energy TR USD. It was launched on Dec 7, 2021. Both QCLN.L and RNRU.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QCLN.L vs. RNRU.L - Performance Comparison
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QCLN.L vs. RNRU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QCLN.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 6.40% | 20.09% | -17.94% | -12.66% | -23.26% | -8.59% |
RNRU.L Global X Renewable Energy Producers UCITS ETF USD Accumulating | 15.52% | 24.83% | -21.90% | -19.50% | -0.25% | -2.90% |
Different Trading Currencies
QCLN.L is traded in GBp, while RNRU.L is traded in GBP. To make them comparable, the RNRU.L 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 6.40% return, which is significantly lower than RNRU.L's 15.52% return.
QCLN.L
- 1D
- 4.13%
- 1M
- -1.52%
- YTD
- 6.40%
- 6M
- 12.92%
- 1Y
- 56.73%
- 3Y*
- -5.39%
- 5Y*
- -6.78%
- 10Y*
- —
RNRU.L
- 1D
- 1.00%
- 1M
- 3.23%
- YTD
- 15.52%
- 6M
- 22.18%
- 1Y
- 54.96%
- 3Y*
- 0.04%
- 5Y*
- —
- 10Y*
- —
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QCLN.L vs. RNRU.L - Expense Ratio Comparison
QCLN.L has a 0.60% expense ratio, which is higher than RNRU.L's 0.50% expense ratio.
Return for Risk
QCLN.L vs. RNRU.L — Risk / Return Rank
QCLN.L
RNRU.L
QCLN.L vs. RNRU.L - 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 Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L). 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 | RNRU.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.63 | 3.25 | -1.62 |
Sortino ratioReturn per unit of downside risk | 2.21 | 4.06 | -1.85 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.55 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 3.92 | 7.14 | -3.22 |
Martin ratioReturn relative to average drawdown | 11.69 | 27.68 | -15.99 |
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 | RNRU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 3.25 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.27 | -0.16 | -0.11 |
Correlation
The correlation between QCLN.L and RNRU.L is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QCLN.L vs. RNRU.L - Dividend Comparison
Neither QCLN.L nor RNRU.L has paid dividends to shareholders.
Drawdowns
QCLN.L vs. RNRU.L - Drawdown Comparison
The maximum QCLN.L drawdown since its inception was -69.87%, which is greater than RNRU.L's maximum drawdown of -53.53%. Use the drawdown chart below to compare losses from any high point for QCLN.L and RNRU.L.
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Drawdown Indicators
| QCLN.L | RNRU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.87% | -53.53% | -16.34% |
Max Drawdown (1Y)Largest decline over 1 year | -14.80% | -7.57% | -7.23% |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | — | — |
Current DrawdownCurrent decline from peak | -44.30% | -22.83% | -21.47% |
Average DrawdownAverage peak-to-trough decline | -41.17% | -29.35% | -11.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 1.95% | +2.97% |
Volatility
QCLN.L vs. RNRU.L - Volatility Comparison
First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.L) has a higher volatility of 10.20% compared to Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) at 4.65%. This indicates that QCLN.L's price experiences larger fluctuations and is considered to be riskier than RNRU.L 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 | RNRU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 4.65% | +5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 25.06% | 12.15% | +12.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.88% | 16.83% | +18.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.74% | 18.39% | +17.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.72% | 18.39% | +18.33% |