WRNW.DE vs. QCLN.DE

Last updated Jun 5, 2026

WRNW.DE (WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc) and QCLN.DE (First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc) are both Energy Equities funds - WRNW.DE tracks the WisdomTree Renewable Energy while QCLN.DE tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past year, WRNW.DE returned 107.60% vs 112.94% for QCLN.DE. A 0.80 correlation means they provide meaningful diversification when combined. WRNW.DE charges 0.45%/yr vs 0.60%/yr for QCLN.DE.

Performance

WRNW.DE vs. QCLN.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 First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.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 QCLN.DE's 49.11% return.

WRNW.DE

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

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

WRNW.DE vs. QCLN.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%
QCLN.DE First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc	49.11%	16.50%	-14.54%	-17.13%

Correlation

The correlation between WRNW.DE and QCLN.DE is 0.82, 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	0.82
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023	0.80

The correlation between WRNW.DE and QCLN.DE has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.

Return for Risk

WRNW.DE vs. QCLN.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

QCLN.DE

QCLN.DE Risk / Return Rank: 88
QCLN.DE Sharpe Ratio Rank: 92
QCLN.DE Sortino Ratio Rank: 85
QCLN.DE Omega Ratio Rank: 75
QCLN.DE Calmar Ratio Rank: 95
QCLN.DE Martin Ratio Rank: 93

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. QCLN.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 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.

	WRNW.DE	QCLN.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.54	3.20	+0.35
Sortino ratio: Return per unit of downside risk	4.04	3.76	+0.28
Omega ratio: Gain probability vs. loss probability	1.52	1.44	+0.08
Calmar ratio: Return relative to maximum drawdown	7.07	7.93	-0.86
Martin ratio: Return relative to average drawdown	23.97	24.33	-0.36
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. QCLN.DE - Sharpe Ratio Comparison

The current WRNW.DE Sharpe Ratio is 3.54, which is comparable to the QCLN.DE Sharpe Ratio of 3.20. The chart below compares the historical Sharpe Ratios of WRNW.DE and QCLN.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	QCLN.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.54	3.20	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	-0.08	+0.44

Drawdowns

WRNW.DE vs. QCLN.DE - Drawdown Comparison

The maximum WRNW.DE drawdown since its inception was -49.14%, smaller than the maximum QCLN.DE drawdown of -69.59%. Use the drawdown chart below to compare losses from any high point for WRNW.DE and QCLN.DE.

Drawdown Indicators

	WRNW.DE	QCLN.DE	Difference
Max Drawdown Largest peak-to-trough decline	-49.14%	-69.59%	+20.45%
Max Drawdown (1Y) Largest decline over 1 year	-15.04%	-14.04%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-69.59%	—
Current Drawdown Current decline from peak	-4.04%	-20.21%	+16.17%
Average Drawdown Average peak-to-trough decline	-20.88%	-39.08%	+18.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	4.59%	-0.15%

Volatility

WRNW.DE vs. QCLN.DE - Volatility Comparison

The current volatility for WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE) is 10.28%, while First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc (QCLN.DE) has a volatility of 14.59%. This indicates that WRNW.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.

Volatility by Period

	WRNW.DE	QCLN.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.28%	14.59%	-4.31%
Volatility (6M) Calculated over the trailing 6-month period	19.33%	24.80%	-5.47%
Volatility (1Y) Calculated over the trailing 1-year period	30.01%	34.84%	-4.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.02%	36.29%	-10.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.02%	36.76%	-10.74%

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

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

Dividends

WRNW.DE vs. QCLN.DE - Dividend Comparison

Neither WRNW.DE nor QCLN.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

WRNW.DE and QCLN.DE have a correlation of 0.82, 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 QCLN.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 QCLN.DE?

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

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

WRNW.DE tracks WisdomTree Renewable Energy, while QCLN.DE tracks S&P Global Clean Energy TR USD. They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.45% for WRNW.DE and 0.60% for QCLN.DE.