WRNW.DE vs. G1CE.DE
WRNW.DE (WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc) and G1CE.DE (Invesco Global Clean Energy UCITS ETF Acc) are both Energy Equities funds - WRNW.DE tracks the WisdomTree Renewable Energy while G1CE.DE tracks the WilderHill New Energy Global Innovation. Both are passively managed. Over the past year, WRNW.DE returned 107.60% vs 84.45% for G1CE.DE. Their correlation of 0.87 suggests significant overlap in exposure. WRNW.DE charges 0.45%/yr vs 0.60%/yr for G1CE.DE.
Performance
WRNW.DE vs. G1CE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WRNW.DE achieves a 30.17% return, which is significantly lower than G1CE.DE's 36.05% return.
WRNW.DE
- 1D
- -2.37%
- 1M
- 3.73%
- YTD
- 30.17%
- 6M
- 29.38%
- 1Y
- 107.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
G1CE.DE
- 1D
- -1.30%
- 1M
- 2.83%
- YTD
- 36.05%
- 6M
- 35.94%
- 1Y
- 84.45%
- 3Y*
- 5.16%
- 5Y*
- -3.72%
- 10Y*
- —
WRNW.DE vs. G1CE.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% |
G1CE.DE Invesco Global Clean Energy UCITS ETF Acc | 36.05% | 27.39% | -22.23% | -15.15% |
Correlation
The correlation between WRNW.DE and G1CE.DE is 0.85, 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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023 | 0.87 |
The correlation between WRNW.DE and G1CE.DE has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.
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Return for Risk
WRNW.DE vs. G1CE.DE — Risk / Return Rank
WRNW.DE
G1CE.DE
WRNW.DE vs. G1CE.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 Acc (G1CE.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 | G1CE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.61 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 7.07 | 7.99 | -0.92 |
| Martin ratioReturn relative to average drawdown | 23.97 | 28.31 | -4.34 |
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
| WRNW.DE | G1CE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.54 | 3.88 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | -0.13 | +0.50 |
Drawdowns
WRNW.DE vs. G1CE.DE - Drawdown Comparison
The maximum WRNW.DE drawdown since its inception was -49.14%, smaller than the maximum G1CE.DE drawdown of -68.84%. Use the drawdown chart below to compare losses from any high point for WRNW.DE and G1CE.DE.
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Drawdown Indicators
| WRNW.DE | G1CE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.14% | -68.84% | +19.70% |
Max Drawdown (1Y)Largest decline over 1 year | -15.04% | -10.42% | -4.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -68.84% | — |
Current DrawdownCurrent decline from peak | -4.04% | -27.70% | +23.66% |
Average DrawdownAverage peak-to-trough decline | -20.88% | -38.48% | +17.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 2.95% | +1.49% |
Volatility
WRNW.DE vs. G1CE.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 Acc (G1CE.DE) at 8.41%. This indicates that WRNW.DE's price experiences larger fluctuations and is considered to be riskier than G1CE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WRNW.DE | G1CE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.28% | 8.41% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 19.33% | 14.61% | +4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.01% | 21.47% | +8.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.02% | 26.14% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.02% | 26.36% | -0.34% |
WRNW.DE vs. G1CE.DE - Expense Ratio Comparison
WRNW.DE has a 0.45% expense ratio, which is lower than G1CE.DE's 0.60% expense ratio.
Dividends
WRNW.DE vs. G1CE.DE - Dividend Comparison
Neither WRNW.DE nor G1CE.DE has paid dividends to shareholders.
Frequently Asked Questions
WRNW.DE and G1CE.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
WRNW.DE is cheaper with a 0.45% expense ratio, compared with 0.60% for G1CE.DE.
WRNW.DE tracks WisdomTree Renewable Energy, while G1CE.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 G1CE.DE.
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