ETLN.DE vs. RENW.DE
ETLN.DE (L&G Europe ex UK Equity UCITS ETF) and RENW.DE (L&G Clean Energy UCITS ETF) are both exchange-traded funds - ETLN.DE is a Europe Equities fund tracking the Solactive Core Developed Markets Europe ex UK Large & Mid Cap, while RENW.DE is a Energy Equities fund tracking the Solactive Clean Energy. Both are passively managed. Over the past 5 years, ETLN.DE returned 9.33%/yr vs 9.15%/yr for RENW.DE. A 0.65 correlation means they provide meaningful diversification when combined. ETLN.DE charges 0.10%/yr vs 0.49%/yr for RENW.DE.
Performance
ETLN.DE vs. RENW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLN.DE achieves a 7.75% return, which is significantly lower than RENW.DE's 43.00% return.
ETLN.DE
- 1D
- 0.40%
- 1M
- 1.13%
- YTD
- 7.75%
- 6M
- 9.98%
- 1Y
- 16.15%
- 3Y*
- 13.52%
- 5Y*
- 9.33%
- 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*
- —
ETLN.DE vs. RENW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ETLN.DE L&G Europe ex UK Equity UCITS ETF | 7.75% | 20.59% | 6.45% | 18.04% | -12.23% | 25.18% | 4.11% |
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 ETLN.DE and RENW.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.65 |
The correlation between ETLN.DE and RENW.DE has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.
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Return for Risk
ETLN.DE vs. RENW.DE — Risk / Return Rank
ETLN.DE
RENW.DE
ETLN.DE vs. RENW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Europe ex UK Equity UCITS ETF (ETLN.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.
| ETLN.DE | RENW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.56 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 9.22 | -7.60 |
| Martin ratioReturn relative to average drawdown | 5.98 | 34.50 | -28.52 |
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
| ETLN.DE | RENW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 3.49 | -2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.41 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.49 | +0.20 |
Drawdowns
ETLN.DE vs. RENW.DE - Drawdown Comparison
The maximum ETLN.DE drawdown since its inception was -34.76%, smaller than the maximum RENW.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for ETLN.DE and RENW.DE.
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Drawdown Indicators
| ETLN.DE | RENW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.76% | -43.93% | +9.17% |
Max Drawdown (1Y)Largest decline over 1 year | -10.09% | -8.63% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -16.98% | -35.00% | +18.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.47% | -42.30% | +19.83% |
Current DrawdownCurrent decline from peak | -1.56% | -3.64% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -17.33% | +12.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.31% | +0.42% |
Volatility
ETLN.DE vs. RENW.DE - Volatility Comparison
The current volatility for L&G Europe ex UK Equity UCITS ETF (ETLN.DE) is 4.39%, while L&G Clean Energy UCITS ETF (RENW.DE) has a volatility of 8.24%. This indicates that ETLN.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
| ETLN.DE | RENW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 8.24% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 16.85% | -5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 22.80% | -8.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 22.02% | -6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 22.48% | -5.71% |
ETLN.DE vs. RENW.DE - Expense Ratio Comparison
ETLN.DE has a 0.10% expense ratio, which is lower than RENW.DE's 0.49% expense ratio.
Dividends
ETLN.DE vs. RENW.DE - Dividend Comparison
Neither ETLN.DE nor RENW.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLN.DE and RENW.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLN.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLN.DE is cheaper with a 0.10% expense ratio, compared with 0.49% for RENW.DE.
ETLN.DE is categorized as Europe Equities, while RENW.DE is Energy Equities. ETLN.DE tracks Solactive Core Developed Markets Europe ex UK Large & Mid Cap, while RENW.DE tracks Solactive Clean Energy. Their fees differ too: 0.10% for ETLN.DE and 0.49% for RENW.DE.
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