RENW.DE vs. QCLN.DE
RENW.DE (L&G Clean Energy UCITS ETF) and QCLN.DE (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) are both Energy Equities funds - RENW.DE tracks the Solactive Clean Energy while QCLN.DE tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 5 years, RENW.DE returned 9.15%/yr vs 2.29%/yr for QCLN.DE. Their correlation of 0.81 suggests significant overlap in exposure. RENW.DE charges 0.49%/yr vs 0.60%/yr for QCLN.DE.
Performance
RENW.DE vs. QCLN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, RENW.DE achieves a 43.00% return, which is significantly lower than QCLN.DE's 49.11% return.
RENW.DE
- 1D
- -1.77%
- 1M
- 4.00%
- YTD
- 43.00%
- 6M
- 41.28%
- 1Y
- 80.41%
- 3Y*
- 15.60%
- 5Y*
- 9.15%
- 10Y*
- —
QCLN.DE
- 1D
- -1.82%
- 1M
- 14.22%
- YTD
- 49.11%
- 6M
- 44.27%
- 1Y
- 112.94%
- 3Y*
- 8.07%
- 5Y*
- 2.29%
- 10Y*
- —
RENW.DE vs. QCLN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RENW.DE L&G Clean Energy UCITS ETF | 43.00% | 35.27% | -9.64% | -11.30% | -3.32% | -7.27% |
QCLN.DE First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 49.11% | 16.50% | -14.54% | -10.39% | -26.09% | -12.74% |
Correlation
The correlation between RENW.DE and QCLN.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2021 | 0.81 |
The correlation between RENW.DE and QCLN.DE has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.
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Return for Risk
RENW.DE vs. QCLN.DE — Risk / Return Rank
RENW.DE
QCLN.DE
RENW.DE vs. QCLN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Energy UCITS ETF (RENW.DE) and First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.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.
| RENW.DE | QCLN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.44 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 9.22 | 7.93 | +1.29 |
| Martin ratioReturn relative to average drawdown | 34.50 | 24.33 | +10.18 |
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
| RENW.DE | QCLN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 3.20 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.06 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | -0.08 | +0.57 |
Drawdowns
RENW.DE vs. QCLN.DE - Drawdown Comparison
The maximum RENW.DE drawdown since its inception was -43.93%, smaller than the maximum QCLN.DE drawdown of -69.59%. Use the drawdown chart below to compare losses from any high point for RENW.DE and QCLN.DE.
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Drawdown Indicators
| RENW.DE | QCLN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -69.59% | +25.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -14.04% | +5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -35.00% | -56.68% | +21.68% |
Max Drawdown (5Y)Largest decline over 5 years | -42.30% | -69.59% | +27.29% |
Current DrawdownCurrent decline from peak | -3.64% | -20.21% | +16.57% |
Average DrawdownAverage peak-to-trough decline | -17.33% | -39.08% | +21.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 4.59% | -2.28% |
Volatility
RENW.DE vs. QCLN.DE - Volatility Comparison
The current volatility for L&G Clean Energy UCITS ETF (RENW.DE) is 8.24%, while First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.DE) has a volatility of 14.59%. This indicates that RENW.DE experiences smaller price fluctuations and is considered to be less risky than QCLN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RENW.DE | QCLN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 14.59% | -6.35% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 24.80% | -7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.80% | 34.84% | -12.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.02% | 36.29% | -14.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.48% | 36.76% | -14.28% |
RENW.DE vs. QCLN.DE - Expense Ratio Comparison
RENW.DE has a 0.49% expense ratio, which is lower than QCLN.DE's 0.60% expense ratio.
Dividends
RENW.DE vs. QCLN.DE - Dividend Comparison
Neither RENW.DE nor QCLN.DE has paid dividends to shareholders.
Frequently Asked Questions
RENW.DE and QCLN.DE have a correlation of 0.79, 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.DE.
RENW.DE tracks Solactive Clean Energy, while QCLN.DE tracks S&P Global Clean Energy TR USD. They also come from different issuers: Legal & General and First Trust. Their fees differ too: 0.49% for RENW.DE and 0.60% for QCLN.DE.
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