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Global X Funds Global X Renewable Energy Producers ETF (RNRG) Sharpe Ratio: 2.55

ETF · Currency in USD · Last updated Jun 5, 2026

RNRG is a passive ETF by Global X tracking the investment results of the Indxx Renewable Energy Producers Index. RNRG launched on May 28, 2015 and has a 0.65% expense ratio.

RNRG's Sharpe Ratio of 2.55 indicates that for each unit of volatility, it generates 2.55 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 5, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

RNRG Sharpe Ratio Rank

RNRG Sharpe Ratio Rank: 79.780
Above Average

RNRG ranks above 79.7% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

RNRG Sharpe Ratio Market Positioning

The chart shows RNRG's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.87 or lower
  • Yellow zone (middle 50%): 0.87 to 2.40
  • Green zone (top 25%): 2.40 or higher
  • Top 1%: 7.61+
  • Median: 1.70 — half of all investments score higher

How it compares to other similar ETFs

The table compares Global X Funds Global X Renewable Energy Producers ETF's Sharpe Ratio with other ETFs in the Alternative Energy Equities category across multiple time periods, showing how RNRG's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 5, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
IBATiShares Energy Storage & Materials ETF4.66
HYDRGlobal X Hydrogen ETF4.32
PBDInvesco Global Clean Energy ETF3.87
CTECGlobal X CleanTech ETF3.76
CTEXProShares S&P Kensho Cleantech ETF3.66
PWERMacquarie Energy Transition ETF3.60
QCLNFirst Trust NASDAQ Clean Edge Green Energy Index Fund3.42
CNRGSPDR S&P Kensho Clean Power ETF3.32
FRNWFidelity Clean Energy ETF3.29
ICLNiShares Global Clean Energy ETF3.19
RNRGGlobal X Funds Global X Renewable Energy Producers ETF2.55

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows RNRG's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when RNRG consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does RNRG fit in your portfolio?

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