RENW.DE vs. QCLN.L
RENW.DE (L&G Clean Energy UCITS ETF) and QCLN.L (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) are both Energy Equities funds - RENW.DE tracks the Solactive Clean Energy while QCLN.L 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 2.31%/yr for QCLN.L. A 0.79 correlation means they provide meaningful diversification when combined. RENW.DE charges 0.49%/yr vs 0.60%/yr for QCLN.L.
Performance
RENW.DE vs. QCLN.L - Performance Comparison
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Different Trading Currencies
RENW.DE is traded in EUR, while QCLN.L is traded in GBp. To make them comparable, the QCLN.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, RENW.DE achieves a 43.00% return, which is significantly lower than QCLN.L's 52.09% 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.L
- 1D
- -1.71%
- 1M
- 14.83%
- YTD
- 52.09%
- 6M
- 47.57%
- 1Y
- 111.96%
- 3Y*
- 8.03%
- 5Y*
- 2.31%
- 10Y*
- —
RENW.DE vs. QCLN.L - 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% | -9.80% |
QCLN.L First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 52.11% | 13.82% | -13.98% | -10.81% | -27.22% | -13.35% |
Correlation
The correlation between RENW.DE and QCLN.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
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 RENW.DE and QCLN.L has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.
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Return for Risk
RENW.DE vs. QCLN.L — Risk / Return Rank
RENW.DE
QCLN.L
RENW.DE vs. QCLN.L - 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.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.
| RENW.DE | QCLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.44 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 9.22 | 7.66 | +1.56 |
| Martin ratioReturn relative to average drawdown | 34.50 | 24.52 | +9.98 |
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.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 3.21 | +0.28 |
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 | -0.09 | +0.58 |
Drawdowns
RENW.DE vs. QCLN.L - Drawdown Comparison
The maximum RENW.DE drawdown since its inception was -43.93%, smaller than the maximum QCLN.L drawdown of -69.23%. Use the drawdown chart below to compare losses from any high point for RENW.DE and QCLN.L.
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Drawdown Indicators
| RENW.DE | QCLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -69.23% | +25.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -14.53% | +5.90% |
Max Drawdown (3Y)Largest decline over 3 years | -35.00% | -56.09% | +21.09% |
Max Drawdown (5Y)Largest decline over 5 years | -42.30% | -69.23% | +26.93% |
Current DrawdownCurrent decline from peak | -3.64% | -20.40% | +16.76% |
Average DrawdownAverage peak-to-trough decline | -17.33% | -39.82% | +22.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 4.55% | -2.24% |
Volatility
RENW.DE vs. QCLN.L - 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.L) has a volatility of 14.77%. This indicates that RENW.DE experiences smaller price fluctuations and is considered to be less risky than QCLN.L 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.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 14.77% | -6.53% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 24.78% | -7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.80% | 34.67% | -11.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.02% | 36.37% | -14.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.48% | 37.38% | -14.90% |
RENW.DE vs. QCLN.L - Expense Ratio Comparison
RENW.DE has a 0.49% expense ratio, which is lower than QCLN.L's 0.60% expense ratio.
Dividends
RENW.DE vs. QCLN.L - Dividend Comparison
Neither RENW.DE nor QCLN.L has paid dividends to shareholders.
Frequently Asked Questions
RENW.DE and QCLN.L have a correlation of 0.77, 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.
RENW.DE tracks Solactive Clean Energy, while QCLN.L 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.L.
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