S0LR.DE vs. IQQH.DE
S0LR.DE (Invesco Solar Energy UCITS ETF Acc) and IQQH.DE (iShares Global Clean Energy UCITS ETF USD (Dist)) are both Energy Equities funds - S0LR.DE tracks the MAC Global Solar Energy while IQQH.DE tracks the S&P Global Clean Energy. Both are passively managed. Over the past 3 years, S0LR.DE returned -3.99%/yr vs 5.37%/yr for IQQH.DE. Their correlation of 0.89 suggests significant overlap in exposure. S0LR.DE charges 0.69%/yr vs 0.65%/yr for IQQH.DE.
Performance
S0LR.DE vs. IQQH.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with S0LR.DE having a 39.14% return and IQQH.DE slightly higher at 39.28%.
S0LR.DE
- 1D
- -2.10%
- 1M
- 15.39%
- YTD
- 39.14%
- 6M
- 44.58%
- 1Y
- 102.95%
- 3Y*
- -3.99%
- 5Y*
- —
- 10Y*
- —
IQQH.DE
- 1D
- -1.81%
- 1M
- 8.24%
- YTD
- 39.28%
- 6M
- 36.90%
- 1Y
- 77.84%
- 3Y*
- 5.37%
- 5Y*
- 2.58%
- 10Y*
- 11.71%
S0LR.DE vs. IQQH.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% |
IQQH.DE iShares Global Clean Energy UCITS ETF USD (Dist) | 39.28% | 29.83% | -21.49% | -22.15% | 0.84% | -4.42% |
Correlation
The correlation between S0LR.DE and IQQH.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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.89 |
The correlation between S0LR.DE and IQQH.DE shifts across timeframes, from 0.79 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
S0LR.DE vs. IQQH.DE — Risk / Return Rank
S0LR.DE
IQQH.DE
S0LR.DE vs. IQQH.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 iShares Global Clean Energy UCITS ETF USD (Dist) (IQQH.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 | IQQH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.50 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 8.71 | 6.29 | +2.43 |
| Martin ratioReturn relative to average drawdown | 21.79 | 19.88 | +1.91 |
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 | IQQH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 3.18 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.10 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.01 | -0.10 |
Drawdowns
S0LR.DE vs. IQQH.DE - Drawdown Comparison
The maximum S0LR.DE drawdown since its inception was -73.43%, smaller than the maximum IQQH.DE drawdown of -86.09%. Use the drawdown chart below to compare losses from any high point for S0LR.DE and IQQH.DE.
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Drawdown Indicators
| S0LR.DE | IQQH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.43% | -86.09% | +12.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -12.32% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -65.01% | -44.74% | -20.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.78% | — |
Current DrawdownCurrent decline from peak | -32.82% | -24.01% | -8.81% |
Average DrawdownAverage peak-to-trough decline | -39.70% | -59.78% | +20.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 3.90% | +0.81% |
Volatility
S0LR.DE vs. IQQH.DE - Volatility Comparison
Invesco Solar Energy UCITS ETF Acc (S0LR.DE) has a higher volatility of 12.56% compared to iShares Global Clean Energy UCITS ETF USD (Dist) (IQQH.DE) at 9.79%. This indicates that S0LR.DE's price experiences larger fluctuations and is considered to be riskier than IQQH.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 | IQQH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 9.79% | +2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 23.50% | 18.31% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.92% | 24.37% | +9.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.23% | 24.69% | +11.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.23% | 25.08% | +11.15% |
S0LR.DE vs. IQQH.DE - Expense Ratio Comparison
S0LR.DE has a 0.69% expense ratio, which is higher than IQQH.DE's 0.65% expense ratio.
Dividends
S0LR.DE vs. IQQH.DE - Dividend Comparison
S0LR.DE has not paid dividends to shareholders, while IQQH.DE's dividend yield for the trailing twelve months is around 0.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQH.DE iShares Global Clean Energy UCITS ETF USD (Dist) | 0.94% | 1.53% | 1.32% | 1.23% | 0.83% | 1.23% | 0.56% | 2.89% | 3.30% | 4.82% | 4.72% | 2.86% |
S0LR.DE Invesco Solar Energy UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
S0LR.DE and IQQH.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, IQQH.DE is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQH.DE is cheaper with a 0.65% expense ratio, compared with 0.69% for S0LR.DE.
S0LR.DE tracks MAC Global Solar Energy, while IQQH.DE tracks S&P Global Clean Energy. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.69% for S0LR.DE and 0.65% for IQQH.DE.
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