ETLX.DE vs. RENW.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and RENW.DE (L&G Clean Energy UCITS ETF) are both exchange-traded funds - ETLX.DE is a Precious Metals fund tracking the DAXglobal® Gold Miners, while RENW.DE is a Energy Equities fund tracking the Solactive Clean Energy. Both are passively managed. Over the past 5 years, ETLX.DE returned 23.41%/yr vs 9.15%/yr for RENW.DE. At a 0.27 correlation, their price movements are largely independent. ETLX.DE charges 0.65%/yr vs 0.49%/yr for RENW.DE.
Performance
ETLX.DE vs. RENW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLX.DE achieves a -2.30% return, which is significantly lower than RENW.DE's 43.00% return.
ETLX.DE
- 1D
- 0.57%
- 1M
- -6.27%
- YTD
- -2.30%
- 6M
- 5.08%
- 1Y
- 60.19%
- 3Y*
- 46.63%
- 5Y*
- 23.41%
- 10Y*
- 15.32%
RENW.DE
- 1D
- -1.77%
- 1M
- 4.00%
- YTD
- 43.00%
- 6M
- 41.28%
- 1Y
- 80.41%
- 3Y*
- 15.60%
- 5Y*
- 9.15%
- 10Y*
- —
ETLX.DE vs. RENW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | -2.30% | 152.55% | 27.41% | 11.05% | -7.10% | -3.32% | -8.62% |
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 ETLX.DE and RENW.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.27 |
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Return for Risk
ETLX.DE vs. RENW.DE — Risk / Return Rank
ETLX.DE
RENW.DE
ETLX.DE vs. RENW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (ETLX.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.
| ETLX.DE | RENW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.56 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 9.22 | -7.11 |
| Martin ratioReturn relative to average drawdown | 5.29 | 34.50 | -29.21 |
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
| ETLX.DE | RENW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 3.49 | -2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.41 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.49 | -0.26 |
Drawdowns
ETLX.DE vs. RENW.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than RENW.DE's maximum drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and RENW.DE.
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Drawdown Indicators
| ETLX.DE | RENW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -43.93% | -29.51% |
Max Drawdown (1Y)Largest decline over 1 year | -28.89% | -8.63% | -20.26% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -35.00% | +6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -42.03% | -42.30% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -47.05% | — | — |
Current DrawdownCurrent decline from peak | -24.71% | -3.64% | -21.07% |
Average DrawdownAverage peak-to-trough decline | -34.69% | -17.33% | -17.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 2.31% | +9.21% |
Volatility
ETLX.DE vs. RENW.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 14.03% compared to L&G Clean Energy UCITS ETF (RENW.DE) at 8.24%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier 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
| ETLX.DE | RENW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.03% | 8.24% | +5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 35.22% | 16.85% | +18.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.70% | 22.80% | +22.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.04% | 22.02% | +14.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.83% | 22.48% | +11.35% |
ETLX.DE vs. RENW.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than RENW.DE's 0.49% expense ratio.
Dividends
ETLX.DE vs. RENW.DE - Dividend Comparison
Neither ETLX.DE nor RENW.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLX.DE and RENW.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RENW.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RENW.DE is cheaper with a 0.49% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE is categorized as Precious Metals, while RENW.DE is Energy Equities. ETLX.DE tracks DAXglobal® Gold Miners, while RENW.DE tracks Solactive Clean Energy. Their fees differ too: 0.65% for ETLX.DE and 0.49% for RENW.DE.
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