QCLN.L vs. WENS.L
QCLN.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) and WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) are both Energy Equities funds - QCLN.L tracks the S&P Global Clean Energy TR USD while WENS.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, QCLN.L returned 5.99%/yr vs 13.78%/yr for WENS.L. At a 0.16 correlation, their price movements are largely independent. QCLN.L charges 0.60%/yr vs 0.25%/yr for WENS.L.
Performance
QCLN.L vs. WENS.L - Performance Comparison
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Different Trading Currencies
QCLN.L is traded in GBp, while WENS.L is traded in GBP. To make them comparable, the WENS.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 37.73% return, which is significantly higher than WENS.L's 21.59% return.
QCLN.L
- 1D
- -2.16%
- 1M
- -7.26%
- YTD
- 37.73%
- 6M
- 33.39%
- 1Y
- 95.76%
- 3Y*
- 5.99%
- 5Y*
- -0.93%
- 10Y*
- —
WENS.L
- 1D
- 0.00%
- 1M
- -7.14%
- YTD
- 21.59%
- 6M
- 23.29%
- 1Y
- 34.31%
- 3Y*
- 13.78%
- 5Y*
- —
- 10Y*
- —
QCLN.L vs. WENS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QCLN.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 37.73% | 20.09% | -17.94% | -12.66% | -8.36% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 21.59% | 6.73% | 3.85% | -2.00% | 17.73% |
Correlation
The correlation between QCLN.L and WENS.L is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.16 |
The correlation between QCLN.L and WENS.L shifts across timeframes, from -0.05 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QCLN.L vs. WENS.L — Risk / Return Rank
QCLN.L
WENS.L
QCLN.L vs. WENS.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 iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QCLN.L | WENS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.24 | 2.32 | +3.93 |
| Martin ratioReturn relative to average drawdown | 18.58 | 6.60 | +11.98 |
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Drawdowns
QCLN.L vs. WENS.L - Drawdown Comparison
The maximum QCLN.L drawdown since its inception was -69.87%, which is greater than WENS.L's maximum drawdown of -21.15%. Use the drawdown chart below to compare losses from any high point for QCLN.L and WENS.L.
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Drawdown Indicators
| QCLN.L | WENS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.87% | -21.15% | -48.72% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -14.89% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -56.66% | -21.15% | -35.51% |
Max Drawdown (5Y)Largest decline over 5 years | -68.64% | — | — |
Current DrawdownCurrent decline from peak | -27.89% | -14.51% | -13.38% |
Average DrawdownAverage peak-to-trough decline | -27.57% | -8.47% | -19.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 5.21% | -0.08% |
Volatility
QCLN.L vs. WENS.L - Volatility Comparison
First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.L) has a higher volatility of 12.96% compared to iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) at 7.20%. This indicates that QCLN.L's price experiences larger fluctuations and is considered to be riskier than WENS.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 | WENS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.96% | 7.20% | +5.76% |
Volatility (6M)Calculated over the trailing 6-month period | 26.33% | 18.98% | +7.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.47% | 21.58% | +13.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.19% | 21.55% | +16.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,366.92% | 21.55% | +2,345.37% |
QCLN.L vs. WENS.L - Expense Ratio Comparison
QCLN.L has a 0.60% expense ratio, which is higher than WENS.L's 0.25% expense ratio.
Dividends
QCLN.L vs. WENS.L - Dividend Comparison
QCLN.L has not paid dividends to shareholders, while WENS.L's dividend yield for the trailing twelve months is around 2.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
QCLN.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 2.83% | 3.25% | 3.52% | 3.61% | 1.77% |
Frequently Asked Questions
QCLN.L and WENS.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WENS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WENS.L is cheaper with a 0.25% expense ratio, compared with 0.60% for QCLN.L.
QCLN.L tracks S&P Global Clean Energy TR USD, while WENS.L tracks MSCI World/Energy NR USD. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for QCLN.L and 0.25% for WENS.L.
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