EYED.L vs. RENG.L
Compare and contrast key facts about iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) and L&G Clean Energy UCITS ETF (RENG.L).
EYED.L and RENG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EYED.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Energy NR USD. It was launched on Oct 7, 2022. RENG.L is a passively managed fund by Legal & General that tracks the performance of the S&P Global Clean Energy TR USD. It was launched on Nov 11, 2020. Both EYED.L and RENG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EYED.L vs. RENG.L - Performance Comparison
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EYED.L vs. RENG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) | 38.35% | 20.20% | -10.02% | 5.93% | 5.37% |
RENG.L L&G Clean Energy UCITS ETF | 21.08% | 40.21% | -12.86% | -13.13% | 3.46% |
Different Trading Currencies
EYED.L is traded in GBP, while RENG.L is traded in GBp. To make them comparable, the RENG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EYED.L achieves a 38.35% return, which is significantly higher than RENG.L's 21.08% return.
EYED.L
- 1D
- -4.72%
- 1M
- 13.75%
- YTD
- 38.35%
- 6M
- 44.02%
- 1Y
- 47.24%
- 3Y*
- 17.74%
- 5Y*
- —
- 10Y*
- —
RENG.L
- 1D
- 2.94%
- 1M
- 2.88%
- YTD
- 21.08%
- 6M
- 30.29%
- 1Y
- 78.42%
- 3Y*
- 7.75%
- 5Y*
- 4.35%
- 10Y*
- —
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EYED.L vs. RENG.L - Expense Ratio Comparison
EYED.L has a 0.18% expense ratio, which is lower than RENG.L's 0.49% expense ratio.
Return for Risk
EYED.L vs. RENG.L — Risk / Return Rank
EYED.L
RENG.L
EYED.L vs. RENG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) and L&G Clean Energy UCITS ETF (RENG.L). 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.
| EYED.L | RENG.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.15 | 3.35 | -1.20 |
Sortino ratioReturn per unit of downside risk | 2.61 | 3.88 | -1.27 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.54 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 3.49 | 8.79 | -5.30 |
Martin ratioReturn relative to average drawdown | 12.33 | 29.02 | -16.69 |
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
| EYED.L | RENG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 3.35 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.34 | +0.44 |
Correlation
The correlation between EYED.L and RENG.L is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EYED.L vs. RENG.L - Dividend Comparison
EYED.L's dividend yield for the trailing twelve months is around 3.68%, while RENG.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) | 3.68% | 5.09% | 5.79% | 5.09% |
RENG.L L&G Clean Energy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EYED.L vs. RENG.L - Drawdown Comparison
The maximum EYED.L drawdown since its inception was -25.34%, smaller than the maximum RENG.L drawdown of -45.48%. Use the drawdown chart below to compare losses from any high point for EYED.L and RENG.L.
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Drawdown Indicators
| EYED.L | RENG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.34% | -45.48% | +20.14% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -10.56% | -7.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.27% | — |
Current DrawdownCurrent decline from peak | -4.72% | 0.00% | -4.72% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -21.25% | +12.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.68% | +1.25% |
Volatility
EYED.L vs. RENG.L - Volatility Comparison
iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) has a higher volatility of 9.31% compared to L&G Clean Energy UCITS ETF (RENG.L) at 7.29%. This indicates that EYED.L's price experiences larger fluctuations and is considered to be riskier than RENG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EYED.L | RENG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.31% | 7.29% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 17.56% | -2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.86% | 23.28% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.35% | 21.73% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 22.22% | -1.87% |