GXPE vs. RNWZ
GXPE (Global X PureCap MSCI Energy ETF) and RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) are both Energy Equities funds. GXPE is passively managed, while RNWZ is actively managed. At a 0.05 correlation, their price movements are largely independent. GXPE charges 0.15%/yr vs 0.75%/yr for RNWZ.
Performance
GXPE vs. RNWZ - Performance Comparison
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Returns By Period
In the year-to-date period, GXPE achieves a 20.25% return, which is significantly higher than RNWZ's 13.14% return.
GXPE
- 1D
- -1.80%
- 1M
- -9.28%
- YTD
- 20.25%
- 6M
- 21.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RNWZ
- 1D
- -0.43%
- 1M
- -3.34%
- YTD
- 13.14%
- 6M
- 13.65%
- 1Y
- 30.05%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
GXPE vs. RNWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 20.25% | 4.62% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 13.14% | 9.84% |
Correlation
The correlation between GXPE and RNWZ is 0.05, 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 (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.05 |
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Return for Risk
GXPE vs. RNWZ — Risk / Return Rank
GXPE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RNWZ
GXPE vs. RNWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Energy ETF (GXPE) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GXPE | RNWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.10 | — |
| Martin ratioReturn relative to average drawdown | — | 10.57 | — |
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Drawdowns
GXPE vs. RNWZ - Drawdown Comparison
The maximum GXPE drawdown since its inception was -14.89%, smaller than the maximum RNWZ drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for GXPE and RNWZ.
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Drawdown Indicators
| GXPE | RNWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.89% | -24.90% | +10.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.36% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.74% | — |
Current DrawdownCurrent decline from peak | -14.64% | -7.04% | -7.60% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -7.16% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.85% | — |
Volatility
GXPE vs. RNWZ - Volatility Comparison
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Volatility by Period
| GXPE | RNWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.99% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.22% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.74% | 15.27% | +5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.74% | 16.95% | +3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.74% | 16.95% | +3.79% |
GXPE vs. RNWZ - Expense Ratio Comparison
GXPE has a 0.15% expense ratio, which is lower than RNWZ's 0.75% expense ratio.
Dividends
GXPE vs. RNWZ - Dividend Comparison
GXPE's dividend yield for the trailing twelve months is around 1.00%, less than RNWZ's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GXPE Global X PureCap MSCI Energy ETF | 1.00% | 1.20% | 0.00% | 0.00% | 0.00% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 1.98% | 2.12% | 2.36% | 3.87% | 0.01% |
Frequently Asked Questions
GXPE and RNWZ have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPE is cheaper with a 0.15% expense ratio, compared with 0.75% for RNWZ.
RNWZ has the higher dividend yield at 1.98%, compared with 1.00% for GXPE.
They also come from different issuers: Global X and TrueShares. Their fees differ too: 0.15% for GXPE and 0.75% for RNWZ.
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