WELN.DE vs. QCLN.DE
WELN.DE (Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc) and QCLN.DE (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) are both Energy Equities funds - WELN.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy while QCLN.DE tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, WELN.DE returned 14.42%/yr vs 8.07%/yr for QCLN.DE. At a 0.21 correlation, their price movements are largely independent. WELN.DE charges 0.18%/yr vs 0.60%/yr for QCLN.DE.
Performance
WELN.DE vs. QCLN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WELN.DE achieves a 33.78% return, which is significantly lower than QCLN.DE's 49.11% return.
WELN.DE
- 1D
- -0.46%
- 1M
- 2.90%
- YTD
- 33.78%
- 6M
- 30.26%
- 1Y
- 43.28%
- 3Y*
- 14.42%
- 5Y*
- —
- 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*
- —
WELN.DE vs. QCLN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WELN.DE Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc | 33.78% | -1.37% | 8.67% | -0.46% | 6.24% |
QCLN.DE First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc | 49.11% | 16.50% | -14.54% | -10.39% | -21.85% |
Correlation
The correlation between WELN.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 | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.22 |
The correlation between WELN.DE and QCLN.DE shifts across timeframes, from -0.00 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WELN.DE vs. QCLN.DE — Risk / Return Rank
WELN.DE
QCLN.DE
WELN.DE vs. QCLN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.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.
| WELN.DE | QCLN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.44 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 7.93 | -4.49 |
| Martin ratioReturn relative to average drawdown | 11.82 | 24.33 | -12.51 |
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
| WELN.DE | QCLN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 3.20 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | -0.08 | +0.68 |
Drawdowns
WELN.DE vs. QCLN.DE - Drawdown Comparison
The maximum WELN.DE drawdown since its inception was -23.29%, smaller than the maximum QCLN.DE drawdown of -69.59%. Use the drawdown chart below to compare losses from any high point for WELN.DE and QCLN.DE.
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Drawdown Indicators
| WELN.DE | QCLN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.29% | -69.59% | +46.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -14.04% | +1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -23.29% | -56.68% | +33.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.59% | — |
Current DrawdownCurrent decline from peak | -4.95% | -20.21% | +15.26% |
Average DrawdownAverage peak-to-trough decline | -7.87% | -39.08% | +31.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 4.59% | -0.99% |
Volatility
WELN.DE vs. QCLN.DE - Volatility Comparison
The current volatility for Amundi S&P Global Energy Carbon Reduced UCITS ETF EUR Acc (WELN.DE) is 6.50%, while First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.DE) has a volatility of 14.59%. This indicates that WELN.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
| WELN.DE | QCLN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 14.59% | -8.09% |
Volatility (6M)Calculated over the trailing 6-month period | 16.38% | 24.80% | -8.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.61% | 34.84% | -15.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.90% | 36.29% | -16.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.90% | 36.76% | -16.86% |
WELN.DE vs. QCLN.DE - Expense Ratio Comparison
WELN.DE has a 0.18% expense ratio, which is lower than QCLN.DE's 0.60% expense ratio.
Dividends
WELN.DE vs. QCLN.DE - Dividend Comparison
Neither WELN.DE nor QCLN.DE has paid dividends to shareholders.
Frequently Asked Questions
WELN.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, WELN.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELN.DE is cheaper with a 0.18% expense ratio, compared with 0.60% for QCLN.DE.
WELN.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Energy, while QCLN.DE tracks S&P Global Clean Energy TR USD. They also come from different issuers: Amundi and First Trust. Their fees differ too: 0.18% for WELN.DE and 0.60% for QCLN.DE.
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