AMUN vs. RNWZ

Last updated Jun 5, 2026

AMUN (abrdn Ultra Short Municipal Income Active ETF) and RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) are both exchange-traded funds - AMUN is a Municipal Bonds fund actively managed by abrdn, while RNWZ is a Energy Equities fund actively managed by TrueShares. Both are actively managed. At a correlation of -0.14, they often move in opposite directions. AMUN charges 0.25%/yr vs 0.75%/yr for RNWZ.

Performance

AMUN vs. RNWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Ultra Short Municipal Income Active ETF (AMUN) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). 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 RNWZ's 16.09% return.

AMUN

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

RNWZ

• 1D: -0.16%
• 1M: -3.74%
• YTD: 16.09%
• 6M: 17.14%
• 1Y: 37.91%
• 3Y*: 12.77%
• 5Y*: —
• 10Y*: —

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

AMUN vs. RNWZ - Yearly Performance Comparison

	2026 (YTD)	2025
AMUN abrdn Ultra Short Municipal Income Active ETF	1.13%	0.14%
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	16.09%	2.16%

Correlation

The correlation between AMUN and RNWZ is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025	-0.14

Return for Risk

AMUN vs. RNWZ — Risk / Return Rank

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

RNWZ

RNWZ Risk / Return Rank: 81
RNWZ Sharpe Ratio Rank: 79
RNWZ Sortino Ratio Rank: 77
RNWZ Omega Ratio Rank: 77
RNWZ Calmar Ratio Rank: 92
RNWZ Martin Ratio Rank: 79

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. RNWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Ultra Short Municipal Income Active ETF (AMUN) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). 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	RNWZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.07	0.61	+1.46

Drawdowns

AMUN vs. RNWZ - Drawdown Comparison

The maximum AMUN drawdown since its inception was -0.61%, smaller than the maximum RNWZ drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for AMUN and RNWZ.

Drawdown Indicators

	AMUN	RNWZ	Difference
Max Drawdown Largest peak-to-trough decline	-0.61%	-24.90%	+24.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.06%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.74%	—
Current Drawdown Current decline from peak	-0.00%	-4.62%	+4.62%
Average Drawdown Average peak-to-trough decline	-0.09%	-7.18%	+7.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.47%	—

Volatility

Volatility by Period

	AMUN	RNWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.00%	15.06%	-14.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.00%	16.98%	-15.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.00%	16.98%	-15.98%

AMUN vs. RNWZ - Expense Ratio Comparison

AMUN has a 0.25% expense ratio, which is lower than RNWZ's 0.75% expense ratio.

Dividends

AMUN vs. RNWZ - Dividend Comparison

AMUN's dividend yield for the trailing twelve months is around 1.89%, less than RNWZ's 1.93% yield.

Position	TTM	2025	2024	2023	2022
AMUN abrdn Ultra Short Municipal Income Active ETF	1.89%	0.66%	0.00%	0.00%	0.00%
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	1.93%	2.12%	2.36%	3.87%	0.01%

Frequently Asked Questions

Can I hold both AMUN and RNWZ in my portfolio?

AMUN and RNWZ have a correlation of -0.14, 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 RNWZ?

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 RNWZ?

AMUN is cheaper with a 0.25% expense ratio, compared with 0.75% for RNWZ.

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

RNWZ has the higher dividend yield at 1.93%, compared with 1.89% for AMUN.

What is the main difference between AMUN and RNWZ?

AMUN is categorized as Municipal Bonds, while RNWZ is Energy Equities. They also come from different issuers: abrdn and TrueShares. Their fees differ too: 0.25% for AMUN and 0.75% for RNWZ.