QCLU.L vs. RENW.L
QCLU.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF USD (Acc)) and RENW.L (L&G Clean Energy UCITS ETF USD (Acc)) are both Alternative Energy Equities funds - QCLU.L tracks the Nasdaq Clean Edge Green Energy Exclusions Index while RENW.L tracks the Solactive Clean Energy Index NTR. Both are passively managed. Over the past 5 years, QCLU.L returned -3.82%/yr vs 5.30%/yr for RENW.L. Their correlation of 0.82 suggests significant overlap in exposure. QCLU.L charges 0.60%/yr vs 0.49%/yr for RENW.L.
Performance
QCLU.L vs. RENW.L - Performance Comparison
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Returns By Period
In the year-to-date period, QCLU.L achieves a 15.18% return, which is significantly lower than RENW.L's 22.11% return.
QCLU.L
- 1D
- -2.60%
- 1M
- -17.61%
- 6M
- 4.25%
- YTD
- 15.18%
- 1Y
- 46.93%
- 3Y*
- -3.01%
- 5Y*
- -3.82%
- 10Y*
- —
RENW.L
- 1D
- -1.07%
- 1M
- -10.32%
- 6M
- 13.78%
- YTD
- 22.11%
- 1Y
- 44.29%
- 3Y*
- 13.16%
- 5Y*
- 5.30%
- 10Y*
- —
QCLU.L vs. RENW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QCLU.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF USD (Acc) | 15.18% | 28.81% | -19.33% | -7.57% | -31.41% | -10.64% | 14.64% |
RENW.L L&G Clean Energy UCITS ETF USD (Acc) | 22.11% | 51.27% | -14.25% | -8.27% | -8.82% | -7.46% | 24.52% |
Correlation
The correlation between QCLU.L and RENW.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2020 | 0.82 |
The correlation between QCLU.L and RENW.L has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
QCLU.L vs. RENW.L — Risk / Return Rank
QCLU.L
RENW.L
QCLU.L vs. RENW.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 USD (Acc) (QCLU.L) and L&G Clean Energy UCITS ETF USD (Acc) (RENW.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.
| QCLU.L | RENW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.29 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.66 | -0.79 |
| Martin ratioReturn relative to average drawdown | 6.48 | 9.46 | -2.99 |
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Drawdowns
QCLU.L vs. RENW.L - Drawdown Comparison
The maximum QCLU.L drawdown since its inception was -71.99%, which is greater than RENW.L's maximum drawdown of -48.58%. Use the drawdown chart below to compare losses from any high point for QCLU.L and RENW.L.
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Drawdown Indicators
| QCLU.L | RENW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.99% | -48.58% | -23.41% |
Max Drawdown (1Y)Largest decline over 1 year | -24.92% | -16.56% | -8.36% |
Max Drawdown (3Y)Largest decline over 3 years | -56.88% | -32.48% | -24.40% |
Max Drawdown (5Y)Largest decline over 5 years | -70.15% | -43.77% | -26.38% |
Current DrawdownCurrent decline from peak | -41.20% | -16.56% | -24.64% |
Average DrawdownAverage peak-to-trough decline | -29.29% | -23.61% | -5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.23% | 4.67% | +2.56% |
Volatility
QCLU.L vs. RENW.L - Volatility Comparison
First Trust Nasdaq Clean Edge Green Energy UCITS ETF USD (Acc) (QCLU.L) has a higher volatility of 16.50% compared to L&G Clean Energy UCITS ETF USD (Acc) (RENW.L) at 8.97%. This indicates that QCLU.L's price experiences larger fluctuations and is considered to be riskier than RENW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QCLU.L | RENW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.50% | 8.97% | +7.53% |
Volatility (6M)Calculated over the trailing 6-month period | 31.62% | 20.81% | +10.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.95% | 25.96% | +13.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.97% | 24.75% | +14.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.17% | 24.98% | +9.19% |
QCLU.L vs. RENW.L - Expense Ratio Comparison
QCLU.L has a 0.60% expense ratio, which is higher than RENW.L's 0.49% expense ratio.
Dividends
QCLU.L vs. RENW.L - Dividend Comparison
Neither QCLU.L nor RENW.L has paid dividends to shareholders.
Frequently Asked Questions
QCLU.L and RENW.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RENW.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RENW.L is cheaper with a 0.49% expense ratio, compared with 0.60% for QCLU.L.
QCLU.L tracks Nasdaq Clean Edge Green Energy Exclusions Index, while RENW.L tracks Solactive Clean Energy Index NTR. They also come from different issuers: First Trust and L&G. Their fees differ too: 0.60% for QCLU.L and 0.49% for RENW.L.
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