WENS.L vs. GCLE.L
WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) and GCLE.L (Invesco Global Clean Energy UCITS ETF Acc) are both Energy Equities funds - WENS.L tracks the MSCI World/Energy NR USD while GCLE.L tracks the WilderHill New Energy Global Innovation Index. Both are passively managed. Over the past 3 years, WENS.L returned 13.87%/yr vs 5.32%/yr for GCLE.L. At a 0.20 correlation, their price movements are largely independent. WENS.L charges 0.25%/yr vs 0.60%/yr for GCLE.L.
Performance
WENS.L vs. GCLE.L - Performance Comparison
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Different Trading Currencies
WENS.L is traded in GBP, while GCLE.L is traded in USD. To make them comparable, the GCLE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, WENS.L achieves a 31.38% return, which is significantly lower than GCLE.L's 36.41% return.
WENS.L
- 1D
- -0.43%
- 1M
- -0.63%
- YTD
- 31.38%
- 6M
- 26.68%
- 1Y
- 44.00%
- 3Y*
- 13.87%
- 5Y*
- —
- 10Y*
- —
GCLE.L
- 1D
- -1.02%
- 1M
- 3.57%
- YTD
- 36.41%
- 6M
- 36.37%
- 1Y
- 88.57%
- 3Y*
- 5.32%
- 5Y*
- -3.54%
- 10Y*
- —
WENS.L vs. GCLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 31.38% | 3.24% | 2.09% | -2.00% | 17.73% |
GCLE.L Invesco Global Clean Energy UCITS ETF Acc | 36.41% | 31.87% | -25.22% | -14.99% | -3.72% |
Correlation
The correlation between WENS.L and GCLE.L is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.20 |
The correlation between WENS.L and GCLE.L shifts across timeframes, from -0.07 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WENS.L vs. GCLE.L — Risk / Return Rank
WENS.L
GCLE.L
WENS.L vs. GCLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) and Invesco Global Clean Energy UCITS ETF Acc (GCLE.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.
| WENS.L | GCLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.63 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 8.09 | -5.09 |
| Martin ratioReturn relative to average drawdown | 9.66 | 27.23 | -17.56 |
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
| WENS.L | GCLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 4.02 | -1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | -0.24 | +0.82 |
Drawdowns
WENS.L vs. GCLE.L - Drawdown Comparison
The maximum WENS.L drawdown since its inception was -22.49%, smaller than the maximum GCLE.L drawdown of -69.65%. Use the drawdown chart below to compare losses from any high point for WENS.L and GCLE.L.
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Drawdown Indicators
| WENS.L | GCLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.49% | -69.65% | +47.16% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -10.89% | -3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -22.49% | -52.80% | +30.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -68.49% | — |
Current DrawdownCurrent decline from peak | -7.62% | -29.34% | +21.72% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -40.62% | +31.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 3.24% | +1.30% |
Volatility
WENS.L vs. GCLE.L - Volatility Comparison
The current volatility for iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) is 7.96%, while Invesco Global Clean Energy UCITS ETF Acc (GCLE.L) has a volatility of 8.81%. This indicates that WENS.L experiences smaller price fluctuations and is considered to be less risky than GCLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WENS.L | GCLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 8.81% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 18.19% | 15.45% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.33% | 21.91% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 26.53% | -5.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 27.13% | -5.64% |
WENS.L vs. GCLE.L - Expense Ratio Comparison
WENS.L has a 0.25% expense ratio, which is lower than GCLE.L's 0.60% expense ratio.
Dividends
WENS.L vs. GCLE.L - Dividend Comparison
Neither WENS.L nor GCLE.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GCLE.L Invesco Global Clean Energy UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 0.00% | 0.00% | 1.75% | 3.61% | 1.77% |
Frequently Asked Questions
WENS.L and GCLE.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WENS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WENS.L is cheaper with a 0.25% expense ratio, compared with 0.60% for GCLE.L.
WENS.L tracks MSCI World/Energy NR USD, while GCLE.L tracks WilderHill New Energy Global Innovation Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for WENS.L and 0.60% for GCLE.L.
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