AMUN vs. RNRG

Last updated Jun 5, 2026

AMUN (abrdn Ultra Short Municipal Income Active ETF) and RNRG (Global X Funds Global X Renewable Energy Producers ETF) are both exchange-traded funds - AMUN is a Municipal Bonds fund actively managed by abrdn, while RNRG is a Alternative Energy Equities fund tracking the Indxx Renewable Energy Producers Index. AMUN is actively managed, while RNRG is passively managed. At a correlation of -0.08, they often move in opposite directions. AMUN charges 0.25%/yr vs 0.65%/yr for RNRG.

Performance

AMUN vs. RNRG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Ultra Short Municipal Income Active ETF (AMUN) and Global X Funds Global X Renewable Energy Producers ETF (RNRG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMUN achieves a 1.13% return, which is significantly lower than RNRG's 16.42% return.

AMUN

• 1D: 0.02%
• 1M: 0.32%
• YTD: 1.13%
• 6M: 1.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RNRG

• 1D: -1.05%
• 1M: -1.46%
• YTD: 16.42%
• 6M: 15.60%
• 1Y: 40.09%
• 3Y*: 4.03%
• 5Y*: -2.90%
• 10Y*: 4.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMUN vs. RNRG - Yearly Performance Comparison

	2026 (YTD)	2025
AMUN abrdn Ultra Short Municipal Income Active ETF	1.13%	0.14%
RNRG Global X Funds Global X Renewable Energy Producers ETF	16.42%	0.06%

Correlation

The correlation between AMUN and RNRG is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025	-0.08

Return for Risk

AMUN vs. RNRG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RNRG

RNRG Risk / Return Rank: 82
RNRG Sharpe Ratio Rank: 80
RNRG Sortino Ratio Rank: 77
RNRG Omega Ratio Rank: 72
RNRG Calmar Ratio Rank: 93
RNRG Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMUN vs. RNRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Ultra Short Municipal Income Active ETF (AMUN) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AMUN	RNRG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.55	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.07	0.06	+2.01

Drawdowns

AMUN vs. RNRG - Drawdown Comparison

The maximum AMUN drawdown since its inception was -0.61%, smaller than the maximum RNRG drawdown of -58.79%. Use the drawdown chart below to compare losses from any high point for AMUN and RNRG.

Drawdown Indicators

	AMUN	RNRG	Difference
Max Drawdown Largest peak-to-trough decline	-0.61%	-58.79%	+58.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.95%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-35.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-52.17%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-58.79%	—
Current Drawdown Current decline from peak	-0.00%	-31.11%	+31.11%
Average Drawdown Average peak-to-trough decline	-0.09%	-24.45%	+24.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.15%	—

Volatility

Volatility by Period

	AMUN	RNRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.00%	15.82%	-14.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.00%	20.09%	-19.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.00%	19.67%	-18.67%

AMUN vs. RNRG - Expense Ratio Comparison

AMUN has a 0.25% expense ratio, which is lower than RNRG's 0.65% expense ratio.

Dividends

AMUN vs. RNRG - Dividend Comparison

AMUN's dividend yield for the trailing twelve months is around 1.89%, more than RNRG's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMUN abrdn Ultra Short Municipal Income Active ETF	1.89%	0.66%	0.00%	0.00%	0.00%	0.00%	0.00%	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

Can I hold both AMUN and RNRG in my portfolio?

AMUN and RNRG have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMUN or RNRG?

On fees, AMUN is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMUN or RNRG?

AMUN is cheaper with a 0.25% expense ratio, compared with 0.65% for RNRG.

Which ETF pays a higher dividend yield, AMUN or RNRG?

AMUN has the higher dividend yield at 1.89%, compared with 1.29% for RNRG.

What is the main difference between AMUN and RNRG?

AMUN is categorized as Municipal Bonds, while RNRG is Alternative Energy Equities. They also come from different issuers: abrdn and Global X. Their fees differ too: 0.25% for AMUN and 0.65% for RNRG.