BESF vs. RNWZ

Last updated Jun 4, 2026

BESF (Bastion Energy ETF) and RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) are both Energy Equities funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. BESF charges 0.80%/yr vs 0.75%/yr for RNWZ.

Performance

BESF vs. RNWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bastion Energy ETF (BESF) 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, BESF achieves a 19.74% return, which is significantly higher than RNWZ's 16.28% return.

BESF

• 1D: 0.68%
• 1M: -4.08%
• YTD: 19.74%
• 6M: 21.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RNWZ

• 1D: 0.20%
• 1M: -2.61%
• YTD: 16.28%
• 6M: 16.86%
• 1Y: 38.19%
• 3Y*: 12.63%
• 5Y*: —
• 10Y*: —

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

BESF vs. RNWZ - Yearly Performance Comparison

	2026 (YTD)	2025
BESF Bastion Energy ETF	19.74%	41.15%
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	16.28%	18.79%

Correlation

The correlation between BESF and RNWZ is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.17

Return for Risk

BESF 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: 80
RNWZ Sharpe Ratio Rank: 78
RNWZ Sortino Ratio Rank: 75
RNWZ Omega Ratio Rank: 76
RNWZ Calmar Ratio Rank: 92
RNWZ Martin Ratio Rank: 80

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.

BESF vs. RNWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bastion Energy ETF (BESF) 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

	BESF	RNWZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.87	0.61	+2.26

Drawdowns

BESF vs. RNWZ - Drawdown Comparison

The maximum BESF drawdown since its inception was -9.89%, smaller than the maximum RNWZ drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for BESF and RNWZ.

Drawdown Indicators

	BESF	RNWZ	Difference
Max Drawdown Largest peak-to-trough decline	-9.89%	-24.90%	+15.01%
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	-5.88%	-4.46%	-1.42%
Average Drawdown Average peak-to-trough decline	-2.45%	-7.19%	+4.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.45%	—

Volatility

Volatility by Period

	BESF	RNWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.33%	15.06%	+9.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.33%	16.99%	+7.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.33%	16.99%	+7.34%

BESF vs. RNWZ - Expense Ratio Comparison

BESF has a 0.80% expense ratio, which is higher than RNWZ's 0.75% expense ratio.

Dividends

BESF vs. RNWZ - Dividend Comparison

BESF's dividend yield for the trailing twelve months is around 5.68%, more than RNWZ's 1.93% yield.

Position	TTM	2025	2024	2023	2022
BESF Bastion Energy ETF	5.68%	6.39%	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 BESF and RNWZ in my portfolio?

BESF and RNWZ have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BESF or RNWZ?

On fees, RNWZ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BESF or RNWZ?

RNWZ is cheaper with a 0.75% expense ratio, compared with 0.80% for BESF.

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

BESF has the higher dividend yield at 5.68%, compared with 1.93% for RNWZ.

What is the main difference between BESF and RNWZ?

They also come from different issuers: Bastion and TrueShares. Their fees differ too: 0.80% for BESF and 0.75% for RNWZ.