SPYN.DE vs. QCLN.DE
SPYN.DE (SPDR MSCI Europe Energy UCITS ETF) and QCLN.DE (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) are both Energy Equities funds - SPYN.DE tracks the MSCI Europe Energy 20/35 Capped while QCLN.DE tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 5 years, SPYN.DE returned 19.95%/yr vs 2.29%/yr for QCLN.DE. At a 0.21 correlation, their price movements are largely independent. SPYN.DE charges 0.18%/yr vs 0.60%/yr for QCLN.DE.
Performance
SPYN.DE vs. QCLN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYN.DE achieves a 35.04% return, which is significantly lower than QCLN.DE's 49.11% return.
SPYN.DE
- 1D
- -0.92%
- 1M
- -2.45%
- YTD
- 35.04%
- 6M
- 30.84%
- 1Y
- 54.32%
- 3Y*
- 17.57%
- 5Y*
- 19.95%
- 10Y*
- 11.20%
QCLN.DE
- 1D
- -1.82%
- 1M
- 14.31%
- YTD
- 49.11%
- 6M
- 47.01%
- 1Y
- 111.97%
- 3Y*
- 8.07%
- 5Y*
- 2.29%
- 10Y*
- —
SPYN.DE vs. QCLN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPYN.DE SPDR MSCI Europe Energy UCITS ETF | 35.04% | 14.83% | -5.83% | 8.31% | 37.38% | 25.62% |
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 SPYN.DE and QCLN.DE is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2021 | 0.21 |
The correlation between SPYN.DE and QCLN.DE shifts across timeframes, from -0.00 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPYN.DE vs. QCLN.DE — Risk / Return Rank
SPYN.DE
QCLN.DE
SPYN.DE vs. QCLN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Energy UCITS ETF (SPYN.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.
| SPYN.DE | QCLN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.44 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 7.93 | -3.39 |
| Martin ratioReturn relative to average drawdown | 14.57 | 24.33 | -9.76 |
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
| SPYN.DE | QCLN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 3.20 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.06 | +0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | -0.08 | +0.38 |
Drawdowns
SPYN.DE vs. QCLN.DE - Drawdown Comparison
The maximum SPYN.DE drawdown since its inception was -58.67%, smaller than the maximum QCLN.DE drawdown of -69.59%. Use the drawdown chart below to compare losses from any high point for SPYN.DE and QCLN.DE.
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Drawdown Indicators
| SPYN.DE | QCLN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.67% | -69.59% | +10.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.89% | -14.04% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -26.54% | -56.68% | +30.14% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -69.59% | +43.05% |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | — | — |
Current DrawdownCurrent decline from peak | -6.51% | -20.21% | +13.70% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -39.08% | +27.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 4.59% | -0.87% |
Volatility
SPYN.DE vs. QCLN.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Energy UCITS ETF (SPYN.DE) is 7.11%, while First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.DE) has a volatility of 14.59%. This indicates that SPYN.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
| SPYN.DE | QCLN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 14.59% | -7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 19.17% | 24.80% | -5.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.25% | 34.84% | -12.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.69% | 36.29% | -12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.06% | 36.76% | -10.70% |
SPYN.DE vs. QCLN.DE - Expense Ratio Comparison
SPYN.DE has a 0.18% expense ratio, which is lower than QCLN.DE's 0.60% expense ratio.
Dividends
SPYN.DE vs. QCLN.DE - Dividend Comparison
Neither SPYN.DE nor QCLN.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYN.DE and QCLN.DE have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYN.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYN.DE is cheaper with a 0.18% expense ratio, compared with 0.60% for QCLN.DE.
SPYN.DE tracks MSCI Europe Energy 20/35 Capped, while QCLN.DE tracks S&P Global Clean Energy TR USD. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.18% for SPYN.DE and 0.60% for QCLN.DE.
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