ETLQ.DE vs. RENW.DE
ETLQ.DE (L&G Global Equity UCITS ETF) and RENW.DE (L&G Clean Energy UCITS ETF) are both exchange-traded funds - ETLQ.DE is a Global Equities fund tracking the Solactive Core Developed Markets 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, ETLQ.DE returned 13.10%/yr vs 9.15%/yr for RENW.DE. A 0.66 correlation means they provide meaningful diversification when combined. ETLQ.DE charges 0.10%/yr vs 0.49%/yr for RENW.DE.
Performance
ETLQ.DE vs. RENW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLQ.DE achieves a 10.88% return, which is significantly lower than RENW.DE's 43.00% return.
ETLQ.DE
- 1D
- 0.00%
- 1M
- 3.89%
- YTD
- 10.88%
- 6M
- 10.99%
- 1Y
- 23.85%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 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*
- —
ETLQ.DE vs. RENW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ETLQ.DE L&G Global Equity UCITS ETF | 10.88% | 8.14% | 26.10% | 20.83% | -13.64% | 32.63% | 2.63% |
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 ETLQ.DE and RENW.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.66 |
The correlation between ETLQ.DE and RENW.DE has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.
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Return for Risk
ETLQ.DE vs. RENW.DE — Risk / Return Rank
ETLQ.DE
RENW.DE
ETLQ.DE vs. RENW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Global Equity UCITS ETF (ETLQ.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.
| ETLQ.DE | RENW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.56 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 9.22 | -5.66 |
| Martin ratioReturn relative to average drawdown | 14.23 | 34.50 | -20.27 |
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
| ETLQ.DE | RENW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 3.49 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.41 | +0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.49 | +0.44 |
Drawdowns
ETLQ.DE vs. RENW.DE - Drawdown Comparison
The maximum ETLQ.DE drawdown since its inception was -33.38%, smaller than the maximum RENW.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for ETLQ.DE and RENW.DE.
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Drawdown Indicators
| ETLQ.DE | RENW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.38% | -43.93% | +10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -8.63% | +1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -21.58% | -35.00% | +13.42% |
Max Drawdown (5Y)Largest decline over 5 years | -21.58% | -42.30% | +20.72% |
Current DrawdownCurrent decline from peak | -0.34% | -3.64% | +3.30% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -17.33% | +13.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.31% | -0.63% |
Volatility
ETLQ.DE vs. RENW.DE - Volatility Comparison
The current volatility for L&G Global Equity UCITS ETF (ETLQ.DE) is 2.68%, while L&G Clean Energy UCITS ETF (RENW.DE) has a volatility of 8.24%. This indicates that ETLQ.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
| ETLQ.DE | RENW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 8.24% | -5.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.77% | 16.85% | -9.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 22.80% | -11.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 22.02% | -7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 22.48% | -6.74% |
ETLQ.DE vs. RENW.DE - Expense Ratio Comparison
ETLQ.DE has a 0.10% expense ratio, which is lower than RENW.DE's 0.49% expense ratio.
Dividends
ETLQ.DE vs. RENW.DE - Dividend Comparison
Neither ETLQ.DE nor RENW.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLQ.DE and RENW.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLQ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLQ.DE is cheaper with a 0.10% expense ratio, compared with 0.49% for RENW.DE.
ETLQ.DE is categorized as Global Equities, while RENW.DE is Energy Equities. ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap, while RENW.DE tracks Solactive Clean Energy. Their fees differ too: 0.10% for ETLQ.DE and 0.49% for RENW.DE.
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