CTEK.L vs. RNRG.L
CTEK.L (Global X CleanTech UCITS ETF USD (Acc)) and RNRG.L (Global X Renewable Energy Producers UCITS ETF USD (Acc)) are both Alternative Energy Equities funds from Global X - CTEK.L tracks the Indxx Global CleanTech v2 Index while RNRG.L tracks the Indxx Renewable Energy Producers v2 Index. Both are passively managed. Over the past 3 years, CTEK.L returned -7.53%/yr vs 1.38%/yr for RNRG.L. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
CTEK.L vs. RNRG.L - Performance Comparison
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Returns By Period
In the year-to-date period, CTEK.L achieves a 6.99% return, which is significantly lower than RNRG.L's 8.41% return.
CTEK.L
- 1D
- -1.98%
- 1M
- -17.77%
- 6M
- -5.18%
- YTD
- 6.99%
- 1Y
- 39.87%
- 3Y*
- -7.53%
- 5Y*
- —
- 10Y*
- —
RNRG.L
- 1D
- -0.39%
- 1M
- -3.01%
- 6M
- 3.78%
- YTD
- 8.41%
- 1Y
- 26.13%
- 3Y*
- 1.38%
- 5Y*
- —
- 10Y*
- —
CTEK.L vs. RNRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CTEK.L Global X CleanTech UCITS ETF USD (Acc) | 6.99% | 53.41% | -33.55% | -21.76% | -17.31% | -5.12% |
RNRG.L Global X Renewable Energy Producers UCITS ETF USD (Acc) | 8.41% | 34.05% | -23.00% | -14.97% | -10.76% | -0.71% |
Correlation
The correlation between CTEK.L and RNRG.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.72 |
The correlation between CTEK.L and RNRG.L has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
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Return for Risk
CTEK.L vs. RNRG.L — Risk / Return Rank
CTEK.L
RNRG.L
CTEK.L vs. RNRG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech UCITS ETF USD (Acc) (CTEK.L) and Global X Renewable Energy Producers UCITS ETF USD (Acc) (RNRG.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CTEK.L | RNRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.84 | -0.47 |
| Martin ratioReturn relative to average drawdown | 4.17 | 6.25 | -2.08 |
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Drawdowns
CTEK.L vs. RNRG.L - Drawdown Comparison
The maximum CTEK.L drawdown since its inception was -73.85%, which is greater than RNRG.L's maximum drawdown of -51.14%. Use the drawdown chart below to compare losses from any high point for CTEK.L and RNRG.L.
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Drawdown Indicators
| CTEK.L | RNRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.85% | -51.14% | -22.71% |
Max Drawdown (1Y)Largest decline over 1 year | -28.89% | -14.11% | -14.78% |
Max Drawdown (3Y)Largest decline over 3 years | -63.73% | -37.17% | -26.56% |
Current DrawdownCurrent decline from peak | -43.11% | -19.88% | -23.23% |
Average DrawdownAverage peak-to-trough decline | -44.62% | -26.53% | -18.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.54% | 4.17% | +5.37% |
Volatility
CTEK.L vs. RNRG.L - Volatility Comparison
Global X CleanTech UCITS ETF USD (Acc) (CTEK.L) has a higher volatility of 13.53% compared to Global X Renewable Energy Producers UCITS ETF USD (Acc) (RNRG.L) at 4.77%. This indicates that CTEK.L's price experiences larger fluctuations and is considered to be riskier than RNRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CTEK.L | RNRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.53% | 4.77% | +8.76% |
Volatility (6M)Calculated over the trailing 6-month period | 28.76% | 14.52% | +14.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.62% | 18.19% | +20.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.97% | 21.44% | +15.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.97% | 21.44% | +15.53% |
CTEK.L vs. RNRG.L - Expense Ratio Comparison
Both CTEK.L and RNRG.L have an expense ratio of 0.50%.
Dividends
CTEK.L vs. RNRG.L - Dividend Comparison
Neither CTEK.L nor RNRG.L has paid dividends to shareholders.
Frequently Asked Questions
CTEK.L and RNRG.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CTEK.L and RNRG.L have the same expense ratio: 0.50% per year.
CTEK.L tracks Indxx Global CleanTech v2 Index, while RNRG.L tracks Indxx Renewable Energy Producers v2 Index.
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