500P.L vs. RENG.L
Compare and contrast key facts about Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L) and L&G Clean Energy UCITS ETF (RENG.L).
500P.L and RENG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 500P.L is a passively managed fund by Franklin that tracks the performance of the S&P 500 Net Zero 2050 Paris-Aligned ESG Index. It was launched on Jul 29, 2020. RENG.L is a passively managed fund by Legal & General that tracks the performance of the S&P Global Clean Energy TR USD. It was launched on Nov 11, 2020. Both 500P.L and RENG.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
500P.L vs. RENG.L - Performance Comparison
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500P.L vs. RENG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
500P.L Franklin S&P 500 Paris Aligned Climate UCITS ETF | -6.34% | 7.74% | 28.94% | 23.30% | -12.86% | 34.04% | 0.89% |
RENG.L L&G Clean Energy UCITS ETF | 21.08% | 40.21% | -12.86% | -13.13% | 2.03% | -6.20% | 19.80% |
Different Trading Currencies
500P.L is traded in GBP, while RENG.L is traded in GBp. To make them comparable, the RENG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, 500P.L achieves a -6.34% return, which is significantly lower than RENG.L's 21.08% return.
500P.L
- 1D
- 1.60%
- 1M
- -3.81%
- YTD
- -6.34%
- 6M
- -3.44%
- 1Y
- 8.99%
- 3Y*
- 14.95%
- 5Y*
- 11.95%
- 10Y*
- —
RENG.L
- 1D
- 2.94%
- 1M
- 2.88%
- YTD
- 21.08%
- 6M
- 30.29%
- 1Y
- 78.42%
- 3Y*
- 7.75%
- 5Y*
- 4.35%
- 10Y*
- —
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500P.L vs. RENG.L - Expense Ratio Comparison
500P.L has a 0.07% expense ratio, which is lower than RENG.L's 0.49% expense ratio.
Return for Risk
500P.L vs. RENG.L — Risk / Return Rank
500P.L
RENG.L
500P.L vs. RENG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L) and L&G Clean Energy UCITS ETF (RENG.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.
| 500P.L | RENG.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 3.35 | -2.77 |
Sortino ratioReturn per unit of downside risk | 0.90 | 3.88 | -2.98 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.54 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 8.79 | -7.96 |
Martin ratioReturn relative to average drawdown | 2.70 | 29.02 | -26.32 |
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
| 500P.L | RENG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 3.35 | -2.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.20 | +0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.34 | +0.58 |
Correlation
The correlation between 500P.L and RENG.L is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
500P.L vs. RENG.L - Dividend Comparison
Neither 500P.L nor RENG.L has paid dividends to shareholders.
Drawdowns
500P.L vs. RENG.L - Drawdown Comparison
The maximum 500P.L drawdown since its inception was -20.32%, smaller than the maximum RENG.L drawdown of -45.48%. Use the drawdown chart below to compare losses from any high point for 500P.L and RENG.L.
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Drawdown Indicators
| 500P.L | RENG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.32% | -45.48% | +25.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -10.56% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -20.32% | -40.27% | +19.95% |
Current DrawdownCurrent decline from peak | -8.52% | 0.00% | -8.52% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -21.25% | +17.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.68% | +0.64% |
Volatility
500P.L vs. RENG.L - Volatility Comparison
The current volatility for Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L) is 3.78%, while L&G Clean Energy UCITS ETF (RENG.L) has a volatility of 7.29%. This indicates that 500P.L experiences smaller price fluctuations and is considered to be less risky than RENG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 500P.L | RENG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 7.29% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 8.28% | 17.56% | -9.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.35% | 23.28% | -7.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 21.73% | -6.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 22.22% | -7.04% |