AMEE.DE vs. RENW.DE
AMEE.DE (Amundi Global Hydrogen ESG Screened UCITS ETF EUR Acc) and RENW.DE (L&G Clean Energy UCITS ETF) are both Energy Equities funds - AMEE.DE tracks the Bloomberg Hydrogen ESG while RENW.DE tracks the Solactive Clean Energy. Both are passively managed. Over the past 5 years, AMEE.DE returned 28.59%/yr vs 9.15%/yr for RENW.DE. A 0.52 correlation means they provide meaningful diversification when combined. AMEE.DE charges 0.45%/yr vs 0.49%/yr for RENW.DE.
Performance
AMEE.DE vs. RENW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AMEE.DE achieves a 27.83% return, which is significantly lower than RENW.DE's 43.00% return.
AMEE.DE
- 1D
- -0.87%
- 1M
- -2.39%
- YTD
- 27.83%
- 6M
- 26.99%
- 1Y
- 61.42%
- 3Y*
- 32.97%
- 5Y*
- 28.59%
- 10Y*
- 15.13%
RENW.DE
- 1D
- -1.77%
- 1M
- 4.66%
- YTD
- 43.00%
- 6M
- 41.09%
- 1Y
- 80.00%
- 3Y*
- 15.60%
- 5Y*
- 9.15%
- 10Y*
- —
AMEE.DE vs. RENW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AMEE.DE Amundi Global Hydrogen ESG Screened UCITS ETF EUR Acc | 27.83% | 37.58% | 15.56% | 12.19% | 35.81% | 34.64% | 12.06% |
RENW.DE L&G Clean Energy UCITS ETF | 43.00% | 35.27% | -9.64% | -11.30% | -3.32% | 1.09% | 18.53% |
Correlation
The correlation between AMEE.DE and RENW.DE is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.52 |
Over the past year, AMEE.DE and RENW.DE have become more correlated (0.74) than their long-term average of 0.52, meaning their price movements have been converging.
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Return for Risk
AMEE.DE vs. RENW.DE — Risk / Return Rank
AMEE.DE
RENW.DE
AMEE.DE vs. RENW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Global Hydrogen ESG Screened UCITS ETF EUR Acc (AMEE.DE) and L&G Clean Energy UCITS ETF (RENW.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.
| AMEE.DE | RENW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.56 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 7.71 | 9.22 | -1.51 |
| Martin ratioReturn relative to average drawdown | 23.88 | 34.50 | -10.63 |
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
| AMEE.DE | RENW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.24 | 3.49 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.27 | 0.41 | +0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.49 | -0.08 |
Drawdowns
AMEE.DE vs. RENW.DE - Drawdown Comparison
The maximum AMEE.DE drawdown since its inception was -59.14%, which is greater than RENW.DE's maximum drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for AMEE.DE and RENW.DE.
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Drawdown Indicators
| AMEE.DE | RENW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.14% | -43.93% | -15.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.92% | -8.63% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -15.74% | -35.00% | +19.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.23% | -42.30% | +23.07% |
Max Drawdown (10Y)Largest decline over 10 years | -59.14% | — | — |
Current DrawdownCurrent decline from peak | -3.54% | -3.64% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -10.65% | -17.33% | +6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.31% | +0.25% |
Volatility
AMEE.DE vs. RENW.DE - Volatility Comparison
The current volatility for Amundi Global Hydrogen ESG Screened UCITS ETF EUR Acc (AMEE.DE) is 7.10%, while L&G Clean Energy UCITS ETF (RENW.DE) has a volatility of 8.24%. This indicates that AMEE.DE experiences smaller price fluctuations and is considered to be less risky than RENW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMEE.DE | RENW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 8.24% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 16.85% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.89% | 22.80% | -3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.25% | 22.02% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.74% | 22.48% | +3.26% |
AMEE.DE vs. RENW.DE - Expense Ratio Comparison
AMEE.DE has a 0.45% expense ratio, which is lower than RENW.DE's 0.49% expense ratio.
Dividends
AMEE.DE vs. RENW.DE - Dividend Comparison
Neither AMEE.DE nor RENW.DE has paid dividends to shareholders.
Frequently Asked Questions
AMEE.DE and RENW.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEE.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEE.DE is cheaper with a 0.45% expense ratio, compared with 0.49% for RENW.DE.
AMEE.DE tracks Bloomberg Hydrogen ESG, while RENW.DE tracks Solactive Clean Energy. They also come from different issuers: Amundi and Legal & General. Their fees differ too: 0.45% for AMEE.DE and 0.49% for RENW.DE.
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