ETLF.DE vs. RENW.DE
ETLF.DE (L&G All Commodities UCITS ETF) and RENW.DE (L&G Clean Energy UCITS ETF) are both exchange-traded funds - ETLF.DE is a Commodities fund tracking the Bloomberg Commodity, while RENW.DE is a Energy Equities fund tracking the Solactive Clean Energy. Both are passively managed. Over the past 5 years, ETLF.DE returned 12.26%/yr vs 9.15%/yr for RENW.DE. At a 0.13 correlation, their price movements are largely independent. ETLF.DE charges 0.15%/yr vs 0.49%/yr for RENW.DE.
Performance
ETLF.DE vs. RENW.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETLF.DE achieves a 23.78% return, which is significantly lower than RENW.DE's 43.00% return.
ETLF.DE
- 1D
- -1.48%
- 1M
- -0.32%
- YTD
- 23.78%
- 6M
- 22.90%
- 1Y
- 34.57%
- 3Y*
- 12.51%
- 5Y*
- 12.26%
- 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*
- —
ETLF.DE vs. RENW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ETLF.DE L&G All Commodities UCITS ETF | 23.78% | 4.67% | 10.97% | -10.24% | 21.51% | 40.15% | 0.32% |
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 ETLF.DE and RENW.DE is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.13 |
The correlation between ETLF.DE and RENW.DE shifts across timeframes, from -0.08 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETLF.DE vs. RENW.DE — Risk / Return Rank
ETLF.DE
RENW.DE
ETLF.DE vs. RENW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G All Commodities UCITS ETF (ETLF.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.
| ETLF.DE | RENW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.56 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 9.22 | -5.26 |
| Martin ratioReturn relative to average drawdown | 8.79 | 34.50 | -25.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ETLF.DE | RENW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 3.49 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.41 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.49 | +0.04 |
Drawdowns
ETLF.DE vs. RENW.DE - Drawdown Comparison
The maximum ETLF.DE drawdown since its inception was -28.78%, smaller than the maximum RENW.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for ETLF.DE and RENW.DE.
Loading charts...
Drawdown Indicators
| ETLF.DE | RENW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.78% | -43.93% | +15.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -8.63% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -35.00% | +19.04% |
Max Drawdown (5Y)Largest decline over 5 years | -27.00% | -42.30% | +15.30% |
Current DrawdownCurrent decline from peak | -4.91% | -3.64% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -12.13% | -17.33% | +5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 2.31% | +1.66% |
Volatility
ETLF.DE vs. RENW.DE - Volatility Comparison
The current volatility for L&G All Commodities UCITS ETF (ETLF.DE) is 5.93%, while L&G Clean Energy UCITS ETF (RENW.DE) has a volatility of 8.24%. This indicates that ETLF.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.
Loading charts...
Volatility by Period
| ETLF.DE | RENW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 8.24% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.60% | 16.85% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.79% | 22.80% | -4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 22.02% | -4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 22.48% | -6.89% |
ETLF.DE vs. RENW.DE - Expense Ratio Comparison
ETLF.DE has a 0.15% expense ratio, which is lower than RENW.DE's 0.49% expense ratio.
Dividends
ETLF.DE vs. RENW.DE - Dividend Comparison
Neither ETLF.DE nor RENW.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLF.DE and RENW.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLF.DE is cheaper with a 0.15% expense ratio, compared with 0.49% for RENW.DE.
ETLF.DE is categorized as Commodities, while RENW.DE is Energy Equities. ETLF.DE tracks Bloomberg Commodity, while RENW.DE tracks Solactive Clean Energy. Their fees differ too: 0.15% for ETLF.DE and 0.49% for RENW.DE.
Find the right allocation for ETLF.DE and RENW.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer