COHR vs. RNWZ

Last updated Jun 5, 2026

COHR (Coherent, Inc.) is a stock, while RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) is Energy Equities fund actively managed by TrueShares. Over the past 3 years, COHR returned 123.42%/yr vs 12.77%/yr for RNWZ. At a 0.25 correlation, their price movements are largely independent.

Performance

COHR vs. RNWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Coherent, Inc. (COHR) 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, COHR achieves a 128.59% return, which is significantly higher than RNWZ's 16.09% return.

COHR

• 1D: 1.07%
• 1M: 25.67%
• YTD: 128.59%
• 6M: 137.89%
• 1Y: 416.84%
• 3Y*: 123.42%
• 5Y*: 43.54%
• 10Y*: 35.23%

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)

COHR vs. RNWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
COHR Coherent, Inc.	128.59%	94.84%	117.62%	24.02%	-0.71%
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	16.09%	36.33%	-7.36%	-3.89%	-0.19%

Correlation

The correlation between COHR and RNWZ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022	0.25

Return for Risk

COHR vs. RNWZ — Risk / Return Rank

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

COHR

COHR Risk / Return Rank: 98
COHR Sharpe Ratio Rank: 99
COHR Sortino Ratio Rank: 96
COHR Omega Ratio Rank: 95
COHR Calmar Ratio Rank: 99
COHR Martin Ratio Rank: 99

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.

COHR vs. RNWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Coherent, Inc. (COHR) 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.

	COHR	RNWZ	Difference
Sharpe ratio: Return per unit of total volatility	5.88	2.53	+3.35
Sortino ratio: Return per unit of downside risk	4.27	3.38	+0.89
Omega ratio: Gain probability vs. loss probability	1.60	1.45	+0.15
Calmar ratio: Return relative to maximum drawdown	15.85	6.29	+9.56
Martin ratio: Return relative to average drawdown	44.41	15.38	+29.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COHR vs. RNWZ - Sharpe Ratio Comparison

The current COHR Sharpe Ratio is 5.88, which is higher than the RNWZ Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of COHR and RNWZ, 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

	COHR	RNWZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.88	2.53	+3.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.61	-0.28

Drawdowns

COHR vs. RNWZ - Drawdown Comparison

The maximum COHR drawdown since its inception was -80.89%, which is greater than RNWZ's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for COHR and RNWZ.

Drawdown Indicators

	COHR	RNWZ	Difference
Max Drawdown Largest peak-to-trough decline	-80.89%	-24.90%	-55.99%
Max Drawdown (1Y) Largest decline over 1 year	-26.52%	-6.06%	-20.46%
Max Drawdown (3Y) Largest decline over 3 years	-54.85%	-24.74%	-30.11%
Max Drawdown (5Y) Largest decline over 5 years	-62.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-72.22%	—	—
Current Drawdown Current decline from peak	-1.17%	-4.62%	+3.45%
Average Drawdown Average peak-to-trough decline	-35.03%	-7.18%	-27.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.45%	2.47%	+6.98%

Volatility

COHR vs. RNWZ - Volatility Comparison

Coherent, Inc. (COHR) has a higher volatility of 26.47% compared to TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) at 4.92%. This indicates that COHR's price experiences larger fluctuations and is considered to be riskier than RNWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COHR	RNWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.47%	4.92%	+21.55%
Volatility (6M) Calculated over the trailing 6-month period	54.45%	11.86%	+42.59%
Volatility (1Y) Calculated over the trailing 1-year period	71.44%	15.06%	+56.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.11%	16.98%	+44.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.27%	16.98%	+39.29%

Dividends

COHR vs. RNWZ - Dividend Comparison

COHR has not paid dividends to shareholders, while RNWZ's dividend yield for the trailing twelve months is around 1.93%.

Position	TTM	2025	2024	2023	2022
COHR Coherent, Inc.	0.00%	0.00%	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 COHR and RNWZ in my portfolio?

COHR and RNWZ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COHR or RNWZ?

COHR has higher volatility (26.47%) compared to RNWZ (4.92%). In terms of maximum drawdown, COHR dropped -80.89% vs RNWZ's -24.90%.

Which has better risk-adjusted returns?

COHR currently has the higher Sharpe Ratio (5.88 vs 2.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.