36BA.DE vs. RNRG
36BA.DE (iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist)) and RNRG (Global X Funds Global X Renewable Energy Producers ETF) are both exchange-traded funds - 36BA.DE is a Corporate Bonds fund tracking the Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged), while RNRG is a Alternative Energy Equities fund tracking the Indxx Renewable Energy Producers Index. Both are passively managed. Over the past 5 years, 36BA.DE returned -1.61%/yr vs -2.00%/yr for RNRG. At a 0.21 correlation, their price movements are largely independent. 36BA.DE charges 0.17%/yr vs 0.65%/yr for RNRG.
Performance
36BA.DE vs. RNRG - Performance Comparison
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Different Trading Currencies
36BA.DE is traded in EUR, while RNRG is traded in USD. To make them comparable, the RNRG values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 36BA.DE achieves a -0.71% return, which is significantly lower than RNRG's 17.75% return.
36BA.DE
- 1D
- 0.27%
- 1M
- 0.18%
- YTD
- -0.71%
- 6M
- -0.48%
- 1Y
- 2.78%
- 3Y*
- 2.93%
- 5Y*
- -1.61%
- 10Y*
- —
RNRG
- 1D
- -1.19%
- 1M
- -0.80%
- YTD
- 17.75%
- 6M
- 15.91%
- 1Y
- 37.74%
- 3Y*
- 1.26%
- 5Y*
- -2.00%
- 10Y*
- 4.03%
36BA.DE vs. RNRG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | -0.71% | 5.40% | 0.20% | 5.45% | -17.07% | -2.51% | 7.23% |
RNRG Global X Funds Global X Renewable Energy Producers ETF | 17.75% | 14.23% | -16.85% | -15.43% | -10.05% | -6.26% | 29.45% |
Correlation
The correlation between 36BA.DE and RNRG is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 15, 2020 | 0.21 |
The correlation between 36BA.DE and RNRG shifts across timeframes, from 0.13 (1 year) to 0.29 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
36BA.DE vs. RNRG — Risk / Return Rank
36BA.DE
RNRG
36BA.DE vs. RNRG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) and Global X Funds Global X Renewable Energy Producers ETF (RNRG). 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.
| 36BA.DE | RNRG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.45 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 7.29 | -6.37 |
| Martin ratioReturn relative to average drawdown | 2.43 | 21.61 | -19.18 |
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
| 36BA.DE | RNRG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.62 | -2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | -0.11 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.04 | -0.14 |
Drawdowns
36BA.DE vs. RNRG - Drawdown Comparison
The maximum 36BA.DE drawdown since its inception was -23.68%, smaller than the maximum RNRG drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for 36BA.DE and RNRG.
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Drawdown Indicators
| 36BA.DE | RNRG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.68% | -53.86% | +30.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -5.20% | +2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -6.31% | -35.42% | +29.11% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -52.76% | +29.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.86% | — |
Current DrawdownCurrent decline from peak | -10.87% | -27.25% | +16.38% |
Average DrawdownAverage peak-to-trough decline | -11.35% | -22.59% | +11.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.75% | -0.61% |
Volatility
36BA.DE vs. RNRG - Volatility Comparison
The current volatility for iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) (36BA.DE) is 1.83%, while Global X Funds Global X Renewable Energy Producers ETF (RNRG) has a volatility of 4.86%. This indicates that 36BA.DE experiences smaller price fluctuations and is considered to be less risky than RNRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BA.DE | RNRG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 4.86% | -3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 10.90% | -7.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.67% | 14.50% | -9.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.09% | 18.24% | -11.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.86% | 18.85% | -11.99% |
36BA.DE vs. RNRG - Expense Ratio Comparison
36BA.DE has a 0.17% expense ratio, which is lower than RNRG's 0.65% expense ratio.
Dividends
36BA.DE vs. RNRG - Dividend Comparison
36BA.DE's dividend yield for the trailing twelve months is around 4.95%, more than RNRG's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
36BA.DE iShares USD Corporate Bond ESG SRI UCITS ETF EUR Hedged (Dist) | 4.95% | 4.73% | 4.75% | 4.15% | 2.94% | 1.76% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RNRG Global X Funds Global X Renewable Energy Producers ETF | 1.29% | 1.50% | 1.48% | 1.44% | 1.15% | 1.10% | 3.16% | 2.97% | 5.22% | 4.14% | 5.02% | 3.48% |
Frequently Asked Questions
36BA.DE and RNRG have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36BA.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36BA.DE is cheaper with a 0.17% expense ratio, compared with 0.65% for RNRG.
36BA.DE is categorized as Corporate Bonds, while RNRG is Alternative Energy Equities. 36BA.DE tracks Bloomberg MSCI US Corporate Sustainable SRI Index (EUR Hedged), while RNRG tracks Indxx Renewable Energy Producers Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.17% for 36BA.DE and 0.65% for RNRG.
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