EN4C.DE vs. RENW.DE
EN4C.DE (L&G Multi-Strategy Enhanced Commodities UCITS ETF) and RENW.DE (L&G Clean Energy UCITS ETF) are both exchange-traded funds - EN4C.DE is a Commodities fund tracking the Barclays Backwardation Tilt Multi-Strategy Capped, while RENW.DE is a Energy Equities fund tracking the Solactive Clean Energy. Both are passively managed. Over the past 3 years, EN4C.DE returned 9.70%/yr vs 15.60%/yr for RENW.DE. At a 0.11 correlation, their price movements are largely independent. EN4C.DE charges 0.30%/yr vs 0.49%/yr for RENW.DE.
Performance
EN4C.DE vs. RENW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EN4C.DE achieves a 24.44% return, which is significantly lower than RENW.DE's 43.00% return.
EN4C.DE
- 1D
- -1.57%
- 1M
- 0.45%
- YTD
- 24.44%
- 6M
- 23.08%
- 1Y
- 29.56%
- 3Y*
- 9.70%
- 5Y*
- —
- 10Y*
- —
RENW.DE
- 1D
- -1.77%
- 1M
- 4.00%
- YTD
- 43.00%
- 6M
- 41.28%
- 1Y
- 80.41%
- 3Y*
- 15.60%
- 5Y*
- 9.15%
- 10Y*
- —
EN4C.DE vs. RENW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EN4C.DE L&G Multi-Strategy Enhanced Commodities UCITS ETF | 24.44% | -3.13% | 9.93% | -5.63% | 29.83% | 10.18% |
RENW.DE L&G Clean Energy UCITS ETF | 43.00% | 35.27% | -9.64% | -11.30% | -3.32% | 0.84% |
Correlation
The correlation between EN4C.DE and RENW.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.11 |
The correlation between EN4C.DE and RENW.DE shifts across timeframes, from -0.07 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EN4C.DE vs. RENW.DE — Risk / Return Rank
EN4C.DE
RENW.DE
EN4C.DE vs. RENW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.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.
| EN4C.DE | RENW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.56 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 9.22 | -5.78 |
| Martin ratioReturn relative to average drawdown | 8.36 | 34.50 | -26.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EN4C.DE | RENW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 3.49 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.49 | +0.23 |
Drawdowns
EN4C.DE vs. RENW.DE - Drawdown Comparison
The maximum EN4C.DE drawdown since its inception was -25.41%, smaller than the maximum RENW.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for EN4C.DE and RENW.DE.
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Drawdown Indicators
| EN4C.DE | RENW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.41% | -43.93% | +18.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -8.63% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -17.63% | -35.00% | +17.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.30% | — |
Current DrawdownCurrent decline from peak | -4.02% | -3.64% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -13.89% | -17.33% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 2.31% | +1.33% |
Volatility
EN4C.DE vs. RENW.DE - Volatility Comparison
The current volatility for L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) is 5.98%, while L&G Clean Energy UCITS ETF (RENW.DE) has a volatility of 8.24%. This indicates that EN4C.DE experiences smaller price fluctuations and is considered to be less risky than RENW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EN4C.DE | RENW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 8.24% | -2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 16.85% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 22.80% | -4.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.11% | 22.02% | -3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 22.48% | -4.37% |
EN4C.DE vs. RENW.DE - Expense Ratio Comparison
EN4C.DE has a 0.30% expense ratio, which is lower than RENW.DE's 0.49% expense ratio.
Dividends
EN4C.DE vs. RENW.DE - Dividend Comparison
Neither EN4C.DE nor RENW.DE has paid dividends to shareholders.
Frequently Asked Questions
EN4C.DE and RENW.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EN4C.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EN4C.DE is cheaper with a 0.30% expense ratio, compared with 0.49% for RENW.DE.
EN4C.DE is categorized as Commodities, while RENW.DE is Energy Equities. EN4C.DE tracks Barclays Backwardation Tilt Multi-Strategy Capped, while RENW.DE tracks Solactive Clean Energy. Their fees differ too: 0.30% for EN4C.DE and 0.49% for RENW.DE.
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