WRNW.DE vs. G1CD.DE

Last updated Jun 5, 2026

WRNW.DE (WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc) and G1CD.DE (Invesco Global Clean Energy UCITS ETF Dist) are both Energy Equities funds - WRNW.DE tracks the WisdomTree Renewable Energy while G1CD.DE tracks the WilderHill New Energy Global Innovation. Both are passively managed. Over the past year, WRNW.DE returned 107.60% vs 83.64% for G1CD.DE. Their correlation of 0.87 suggests significant overlap in exposure. WRNW.DE charges 0.45%/yr vs 0.60%/yr for G1CD.DE.

Performance

WRNW.DE vs. G1CD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE) and Invesco Global Clean Energy UCITS ETF Dist (G1CD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WRNW.DE achieves a 30.17% return, which is significantly lower than G1CD.DE's 35.16% return.

WRNW.DE

• 1D: -2.37%
• 1M: 3.73%
• YTD: 30.17%
• 6M: 29.38%
• 1Y: 107.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

G1CD.DE

• 1D: -0.69%
• 1M: 3.11%
• YTD: 35.16%
• 6M: 37.55%
• 1Y: 83.64%
• 3Y*: 5.13%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WRNW.DE vs. G1CD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WRNW.DE WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc	30.17%	51.49%	-23.68%	-12.62%
G1CD.DE Invesco Global Clean Energy UCITS ETF Dist	35.16%	28.09%	-22.10%	-15.21%

Correlation

The correlation between WRNW.DE and G1CD.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023	0.87

The correlation between WRNW.DE and G1CD.DE has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

WRNW.DE vs. G1CD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WRNW.DE

WRNW.DE Risk / Return Rank: 91
WRNW.DE Sharpe Ratio Rank: 94
WRNW.DE Sortino Ratio Rank: 89
WRNW.DE Omega Ratio Rank: 86
WRNW.DE Calmar Ratio Rank: 94
WRNW.DE Martin Ratio Rank: 93

G1CD.DE

G1CD.DE Risk / Return Rank: 94
G1CD.DE Sharpe Ratio Rank: 95
G1CD.DE Sortino Ratio Rank: 94
G1CD.DE Omega Ratio Rank: 93
G1CD.DE Calmar Ratio Rank: 95
G1CD.DE Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WRNW.DE vs. G1CD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE) and Invesco Global Clean Energy UCITS ETF Dist (G1CD.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.

	WRNW.DE	G1CD.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.54	3.90	-0.36
Sortino ratio: Return per unit of downside risk	4.04	4.70	-0.66
Omega ratio: Gain probability vs. loss probability	1.52	1.62	-0.10
Calmar ratio: Return relative to maximum drawdown	7.07	7.85	-0.78
Martin ratio: Return relative to average drawdown	23.97	27.83	-3.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WRNW.DE vs. G1CD.DE - Sharpe Ratio Comparison

The current WRNW.DE Sharpe Ratio is 3.54, which is comparable to the G1CD.DE Sharpe Ratio of 3.90. The chart below compares the historical Sharpe Ratios of WRNW.DE and G1CD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WRNW.DE	G1CD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.54	3.90	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.07	+0.30

Drawdowns

WRNW.DE vs. G1CD.DE - Drawdown Comparison

The maximum WRNW.DE drawdown since its inception was -49.14%, smaller than the maximum G1CD.DE drawdown of -64.00%. Use the drawdown chart below to compare losses from any high point for WRNW.DE and G1CD.DE.

Drawdown Indicators

	WRNW.DE	G1CD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-49.14%	-64.00%	+14.86%
Max Drawdown (1Y) Largest decline over 1 year	-15.04%	-10.60%	-4.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-52.73%	—
Current Drawdown Current decline from peak	-4.04%	-16.50%	+12.46%
Average Drawdown Average peak-to-trough decline	-20.88%	-35.01%	+14.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	3.00%	+1.44%

Volatility

WRNW.DE vs. G1CD.DE - Volatility Comparison

WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE) has a higher volatility of 10.28% compared to Invesco Global Clean Energy UCITS ETF Dist (G1CD.DE) at 8.16%. This indicates that WRNW.DE's price experiences larger fluctuations and is considered to be riskier than G1CD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WRNW.DE	G1CD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.28%	8.16%	+2.12%
Volatility (6M) Calculated over the trailing 6-month period	19.33%	14.33%	+5.00%
Volatility (1Y) Calculated over the trailing 1-year period	30.01%	21.33%	+8.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.02%	25.12%	+0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.02%	25.12%	+0.90%

WRNW.DE vs. G1CD.DE - Expense Ratio Comparison

WRNW.DE has a 0.45% expense ratio, which is lower than G1CD.DE's 0.60% expense ratio.

Dividends

WRNW.DE vs. G1CD.DE - Dividend Comparison

WRNW.DE has not paid dividends to shareholders, while G1CD.DE's dividend yield for the trailing twelve months is around 1.52%.

Position	TTM	2025	2024	2023	2022
G1CD.DE Invesco Global Clean Energy UCITS ETF Dist	1.52%	2.08%	1.37%	0.70%	0.09%
WRNW.DE WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WRNW.DE and G1CD.DE in my portfolio?

WRNW.DE and G1CD.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WRNW.DE or G1CD.DE?

On fees, WRNW.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WRNW.DE or G1CD.DE?

WRNW.DE is cheaper with a 0.45% expense ratio, compared with 0.60% for G1CD.DE.

What is the main difference between WRNW.DE and G1CD.DE?

WRNW.DE tracks WisdomTree Renewable Energy, while G1CD.DE tracks WilderHill New Energy Global Innovation. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.45% for WRNW.DE and 0.60% for G1CD.DE.