BATE.DE vs. RENW.DE

Last updated Jun 5, 2026

BATE.DE (Legal & General Battery Value-Chain UCITS ETF) and RENW.DE (L&G Clean Energy UCITS ETF) are both exchange-traded funds - BATE.DE is a Alternative Energy Equities fund tracking the Solactive Battery Value-Chain Index, while RENW.DE is a Energy Equities fund tracking the Solactive Clean Energy. Both are passively managed. Over the past 5 years, BATE.DE returned 17.34%/yr vs 9.15%/yr for RENW.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.

Performance

BATE.DE vs. RENW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Legal & General Battery Value-Chain UCITS ETF (BATE.DE) and L&G Clean Energy UCITS ETF (RENW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BATE.DE achieves a 34.62% return, which is significantly lower than RENW.DE's 43.00% return.

BATE.DE

• 1D: -2.05%
• 1M: -0.41%
• YTD: 34.62%
• 6M: 40.82%
• 1Y: 124.58%
• 3Y*: 24.81%
• 5Y*: 17.34%
• 10Y*: —

RENW.DE

• 1D: -1.77%
• 1M: 4.66%
• YTD: 43.00%
• 6M: 41.09%
• 1Y: 80.00%
• 3Y*: 15.60%
• 5Y*: 9.15%
• 10Y*: —

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

BATE.DE vs. RENW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BATE.DE Legal & General Battery Value-Chain UCITS ETF	34.62%	54.96%	4.46%	5.33%	-9.13%	25.95%	18.58%
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 BATE.DE and RENW.DE is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020	0.75

The correlation between BATE.DE and RENW.DE has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.

Return for Risk

BATE.DE vs. RENW.DE — Risk / Return Rank

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

BATE.DE

BATE.DE Risk / Return Rank: 95
BATE.DE Sharpe Ratio Rank: 96
BATE.DE Sortino Ratio Rank: 93
BATE.DE Omega Ratio Rank: 93
BATE.DE Calmar Ratio Rank: 96
BATE.DE Martin Ratio Rank: 96

RENW.DE

RENW.DE Risk / Return Rank: 93
RENW.DE Sharpe Ratio Rank: 94
RENW.DE Sortino Ratio Rank: 92
RENW.DE Omega Ratio Rank: 89
RENW.DE Calmar Ratio Rank: 96
RENW.DE Martin Ratio Rank: 96

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.

BATE.DE vs. RENW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Legal & General Battery Value-Chain UCITS ETF (BATE.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.

	BATE.DE	RENW.DE	Difference
Sharpe ratio: Return per unit of total volatility	4.23	3.49	+0.74
Sortino ratio: Return per unit of downside risk	4.63	4.36	+0.27
Omega ratio: Gain probability vs. loss probability	1.62	1.56	+0.06
Calmar ratio: Return relative to maximum drawdown	9.66	9.22	+0.44
Martin ratio: Return relative to average drawdown	32.63	34.50	-1.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BATE.DE vs. RENW.DE - Sharpe Ratio Comparison

The current BATE.DE Sharpe Ratio is 4.23, which is comparable to the RENW.DE Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of BATE.DE and RENW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BATE.DE	RENW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.23	3.49	+0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.41	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.49	+0.35

Drawdowns

BATE.DE vs. RENW.DE - Drawdown Comparison

The maximum BATE.DE drawdown since its inception was -36.39%, smaller than the maximum RENW.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for BATE.DE and RENW.DE.

Drawdown Indicators

	BATE.DE	RENW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.39%	-43.93%	+7.54%
Max Drawdown (1Y) Largest decline over 1 year	-12.82%	-8.63%	-4.19%
Max Drawdown (3Y) Largest decline over 3 years	-34.03%	-35.00%	+0.97%
Max Drawdown (5Y) Largest decline over 5 years	-34.03%	-42.30%	+8.27%
Current Drawdown Current decline from peak	-3.78%	-3.64%	-0.14%
Average Drawdown Average peak-to-trough decline	-8.28%	-17.33%	+9.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	2.31%	+1.49%

Volatility

BATE.DE vs. RENW.DE - Volatility Comparison

Legal & General Battery Value-Chain UCITS ETF (BATE.DE) has a higher volatility of 10.54% compared to L&G Clean Energy UCITS ETF (RENW.DE) at 8.24%. This indicates that BATE.DE's price experiences larger fluctuations and is considered to be riskier than RENW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BATE.DE	RENW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.54%	8.24%	+2.30%
Volatility (6M) Calculated over the trailing 6-month period	22.97%	16.85%	+6.12%
Volatility (1Y) Calculated over the trailing 1-year period	29.30%	22.80%	+6.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.24%	22.02%	+1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.45%	22.48%	+0.97%

BATE.DE vs. RENW.DE - Expense Ratio Comparison

Both BATE.DE and RENW.DE have an expense ratio of 0.49%.

Dividends

BATE.DE vs. RENW.DE - Dividend Comparison

Neither BATE.DE nor RENW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BATE.DE and RENW.DE in my portfolio?

BATE.DE and RENW.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BATE.DE or RENW.DE?

Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BATE.DE or RENW.DE?

BATE.DE and RENW.DE have the same expense ratio: 0.49% per year.

What is the main difference between BATE.DE and RENW.DE?

BATE.DE is categorized as Alternative Energy Equities, while RENW.DE is Energy Equities. BATE.DE tracks Solactive Battery Value-Chain Index, while RENW.DE tracks Solactive Clean Energy.