XLES.L vs. GCLE.L
Compare and contrast key facts about Invesco Energy S&P US Select Sector UCITS ETF Acc (XLES.L) and Invesco Global Clean Energy UCITS ETF Acc (GCLE.L).
XLES.L and GCLE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLES.L is a passively managed fund by Invesco that tracks the performance of the S&P® Select Sector Capped 20% Energy Index. It was launched on Dec 16, 2009. GCLE.L is a passively managed fund by Invesco that tracks the performance of the WilderHill New Energy Global Innovation Index. It was launched on Mar 1, 2021. Both XLES.L and GCLE.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XLES.L vs. GCLE.L - Performance Comparison
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XLES.L vs. GCLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XLES.L Invesco Energy S&P US Select Sector UCITS ETF Acc | 39.11% | 8.75% | 3.30% | 0.37% | 61.87% | 17.74% |
GCLE.L Invesco Global Clean Energy UCITS ETF Acc | 9.02% | 41.98% | -26.51% | -10.51% | -30.63% | -22.82% |
Returns By Period
In the year-to-date period, XLES.L achieves a 39.11% return, which is significantly higher than GCLE.L's 9.02% return.
XLES.L
- 1D
- -0.60%
- 1M
- 13.94%
- YTD
- 39.11%
- 6M
- 41.55%
- 1Y
- 36.26%
- 3Y*
- 17.91%
- 5Y*
- 24.37%
- 10Y*
- 11.18%
GCLE.L
- 1D
- 0.18%
- 1M
- -4.76%
- YTD
- 9.02%
- 6M
- 18.30%
- 1Y
- 71.92%
- 3Y*
- -1.88%
- 5Y*
- -10.08%
- 10Y*
- —
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XLES.L vs. GCLE.L - Expense Ratio Comparison
XLES.L has a 0.14% expense ratio, which is lower than GCLE.L's 0.60% expense ratio.
Return for Risk
XLES.L vs. GCLE.L — Risk / Return Rank
XLES.L
GCLE.L
XLES.L vs. GCLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Energy S&P US Select Sector UCITS ETF Acc (XLES.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.
| XLES.L | GCLE.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.60 | 3.06 | -1.45 |
Sortino ratioReturn per unit of downside risk | 2.05 | 3.68 | -1.64 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.49 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 5.17 | -3.29 |
Martin ratioReturn relative to average drawdown | 5.07 | 19.65 | -14.58 |
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
| XLES.L | GCLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 3.06 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | -0.35 | +1.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | -0.39 | +0.69 |
Correlation
The correlation between XLES.L and GCLE.L is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
XLES.L vs. GCLE.L - Dividend Comparison
Neither XLES.L nor GCLE.L has paid dividends to shareholders.
Drawdowns
XLES.L vs. GCLE.L - Drawdown Comparison
The maximum XLES.L drawdown since its inception was -72.10%, roughly equal to the maximum GCLE.L drawdown of -72.13%. Use the drawdown chart below to compare losses from any high point for XLES.L and GCLE.L.
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Drawdown Indicators
| XLES.L | GCLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.10% | -72.13% | +0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -19.47% | -13.52% | -5.95% |
Max Drawdown (5Y)Largest decline over 5 years | -28.55% | -69.94% | +41.39% |
Max Drawdown (10Y)Largest decline over 10 years | -67.55% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | -45.50% | +44.90% |
Average DrawdownAverage peak-to-trough decline | -20.57% | -45.15% | +24.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.19% | 3.56% | +3.63% |
Volatility
XLES.L vs. GCLE.L - Volatility Comparison
The current volatility for Invesco Energy S&P US Select Sector UCITS ETF Acc (XLES.L) is 5.84%, while Invesco Global Clean Energy UCITS ETF Acc (GCLE.L) has a volatility of 7.75%. This indicates that XLES.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
| XLES.L | GCLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.84% | 7.75% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 16.46% | -2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.57% | 23.61% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.76% | 28.52% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.72% | 29.03% | -0.31% |