S0LR.DE vs. G1CE.DE
S0LR.DE (Invesco Solar Energy UCITS ETF Acc) and G1CE.DE (Invesco Global Clean Energy UCITS ETF Acc) are both Energy Equities funds from Invesco - S0LR.DE tracks the MAC Global Solar Energy while G1CE.DE tracks the WilderHill New Energy Global Innovation. Both are passively managed. Over the past 3 years, S0LR.DE returned -3.99%/yr vs 5.16%/yr for G1CE.DE. Their correlation of 0.84 suggests significant overlap in exposure. S0LR.DE charges 0.69%/yr vs 0.60%/yr for G1CE.DE.
Performance
S0LR.DE vs. G1CE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, S0LR.DE achieves a 39.14% return, which is significantly higher than G1CE.DE's 36.05% return.
S0LR.DE
- 1D
- -2.10%
- 1M
- 15.39%
- YTD
- 39.14%
- 6M
- 44.58%
- 1Y
- 102.95%
- 3Y*
- -3.99%
- 5Y*
- —
- 10Y*
- —
G1CE.DE
- 1D
- -1.30%
- 1M
- 3.20%
- YTD
- 36.05%
- 6M
- 37.56%
- 1Y
- 83.69%
- 3Y*
- 5.16%
- 5Y*
- -3.72%
- 10Y*
- —
S0LR.DE vs. G1CE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
S0LR.DE Invesco Solar Energy UCITS ETF Acc | 39.14% | 31.50% | -33.95% | -27.80% | 1.22% | -8.13% |
G1CE.DE Invesco Global Clean Energy UCITS ETF Acc | 36.05% | 27.39% | -22.23% | -13.46% | -25.42% | -6.19% |
Correlation
The correlation between S0LR.DE and G1CE.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.84 |
The correlation between S0LR.DE and G1CE.DE shifts across timeframes, from 0.72 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
S0LR.DE vs. G1CE.DE — Risk / Return Rank
S0LR.DE
G1CE.DE
S0LR.DE vs. G1CE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Solar Energy UCITS ETF Acc (S0LR.DE) and Invesco Global Clean Energy UCITS ETF Acc (G1CE.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.
| S0LR.DE | G1CE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.61 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 8.71 | 7.99 | +0.72 |
| Martin ratioReturn relative to average drawdown | 21.79 | 28.31 | -6.52 |
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
| S0LR.DE | G1CE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 3.88 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.13 | +0.02 |
Drawdowns
S0LR.DE vs. G1CE.DE - Drawdown Comparison
The maximum S0LR.DE drawdown since its inception was -73.43%, which is greater than G1CE.DE's maximum drawdown of -68.84%. Use the drawdown chart below to compare losses from any high point for S0LR.DE and G1CE.DE.
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Drawdown Indicators
| S0LR.DE | G1CE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.43% | -68.84% | -4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -10.42% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -65.01% | -52.75% | -12.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -68.84% | — |
Current DrawdownCurrent decline from peak | -32.82% | -27.70% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -39.70% | -38.48% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 2.95% | +1.76% |
Volatility
S0LR.DE vs. G1CE.DE - Volatility Comparison
Invesco Solar Energy UCITS ETF Acc (S0LR.DE) has a higher volatility of 12.56% compared to Invesco Global Clean Energy UCITS ETF Acc (G1CE.DE) at 8.41%. This indicates that S0LR.DE's price experiences larger fluctuations and is considered to be riskier than G1CE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| S0LR.DE | G1CE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 8.41% | +4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 23.50% | 14.61% | +8.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.92% | 21.47% | +12.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.23% | 26.14% | +10.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.23% | 26.36% | +9.87% |
S0LR.DE vs. G1CE.DE - Expense Ratio Comparison
S0LR.DE has a 0.69% expense ratio, which is higher than G1CE.DE's 0.60% expense ratio.
Dividends
S0LR.DE vs. G1CE.DE - Dividend Comparison
Neither S0LR.DE nor G1CE.DE has paid dividends to shareholders.
Frequently Asked Questions
S0LR.DE and G1CE.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, G1CE.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G1CE.DE is cheaper with a 0.60% expense ratio, compared with 0.69% for S0LR.DE.
S0LR.DE tracks MAC Global Solar Energy, while G1CE.DE tracks WilderHill New Energy Global Innovation. Their fees differ too: 0.69% for S0LR.DE and 0.60% for G1CE.DE.
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