IGE vs. RNWZ

Last updated Jun 4, 2026

IGE (iShares North American Natural Resources ETF) and RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) are both Energy Equities funds. IGE is passively managed, while RNWZ is actively managed. Over the past 3 years, IGE returned 20.25%/yr vs 12.63%/yr for RNWZ. At a 0.37 correlation, their price movements are largely independent. IGE charges 0.39%/yr vs 0.75%/yr for RNWZ.

Performance

IGE vs. RNWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares North American Natural Resources ETF (IGE) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGE achieves a 22.98% return, which is significantly higher than RNWZ's 16.28% return.

IGE

• 1D: -0.15%
• 1M: -0.36%
• YTD: 22.98%
• 6M: 23.36%
• 1Y: 43.74%
• 3Y*: 20.25%
• 5Y*: 17.22%
• 10Y*: 9.79%

RNWZ

• 1D: 0.20%
• 1M: -2.61%
• YTD: 16.28%
• 6M: 16.86%
• 1Y: 38.19%
• 3Y*: 12.63%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGE vs. RNWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGE iShares North American Natural Resources ETF	22.98%	20.41%	7.55%	3.12%	4.30%
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	16.28%	36.33%	-7.36%	-3.89%	-0.19%

Correlation

The correlation between IGE and RNWZ 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	0.33
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022	0.37

IGE vs. RNWZ - Sectors Allocation Comparison

Sectors	IGE	RNWZ
Energy	71.9%	3.8%
Basic Materials	24.5%	4.5%
Consumer Cyclical	3.3%	-
Healthcare	0.2%	-
Industrials	0.1%	5.3%
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	6.9%
Real Estate	-	3.2%
Technology	-	-
Utilities	-	41.0%

Return for Risk

IGE vs. RNWZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGE

IGE Risk / Return Rank: 84
IGE Sharpe Ratio Rank: 83
IGE Sortino Ratio Rank: 80
IGE Omega Ratio Rank: 75
IGE Calmar Ratio Rank: 95
IGE Martin Ratio Rank: 88

RNWZ

RNWZ Risk / Return Rank: 80
RNWZ Sharpe Ratio Rank: 78
RNWZ Sortino Ratio Rank: 75
RNWZ Omega Ratio Rank: 76
RNWZ Calmar Ratio Rank: 92
RNWZ Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGE vs. RNWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares North American Natural Resources ETF (IGE) 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.

	IGE	RNWZ	Difference
Sharpe ratio: Return per unit of total volatility	2.75	2.55	+0.21
Sortino ratio: Return per unit of downside risk	3.64	3.40	+0.24
Omega ratio: Gain probability vs. loss probability	1.45	1.45	0.00
Calmar ratio: Return relative to maximum drawdown	7.93	6.33	+1.60
Martin ratio: Return relative to average drawdown	19.51	15.60	+3.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGE vs. RNWZ - Sharpe Ratio Comparison

The current IGE Sharpe Ratio is 2.75, which is comparable to the RNWZ Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of IGE and RNWZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGE	RNWZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	2.55	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.61	-0.31

Drawdowns

IGE vs. RNWZ - Drawdown Comparison

The maximum IGE drawdown since its inception was -67.55%, which is greater than RNWZ's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for IGE and RNWZ.

Drawdown Indicators

	IGE	RNWZ	Difference
Max Drawdown Largest peak-to-trough decline	-67.55%	-24.90%	-42.65%
Max Drawdown (1Y) Largest decline over 1 year	-5.54%	-6.06%	+0.52%
Max Drawdown (3Y) Largest decline over 3 years	-19.49%	-24.74%	+5.25%
Max Drawdown (5Y) Largest decline over 5 years	-25.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-60.57%	—	—
Current Drawdown Current decline from peak	-2.86%	-4.46%	+1.60%
Average Drawdown Average peak-to-trough decline	-18.90%	-7.19%	-11.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	2.45%	-0.20%

Volatility

IGE vs. RNWZ - Volatility Comparison

The current volatility for iShares North American Natural Resources ETF (IGE) is 4.40%, while TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) has a volatility of 5.06%. This indicates that IGE experiences smaller price fluctuations and is considered to be less risky than RNWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGE	RNWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	5.06%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	12.67%	11.86%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	15.98%	15.06%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	16.99%	+5.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.94%	16.99%	+7.95%

IGE vs. RNWZ - Expense Ratio Comparison

IGE has a 0.39% expense ratio, which is lower than RNWZ's 0.75% expense ratio.

Dividends

IGE vs. RNWZ - Dividend Comparison

IGE's dividend yield for the trailing twelve months is around 1.89%, less than RNWZ's 1.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGE iShares North American Natural Resources ETF	1.89%	2.32%	2.54%	2.85%	2.96%	2.92%	3.34%	5.55%	2.68%	2.11%	1.66%	3.08%
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	1.93%	2.12%	2.36%	3.87%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGE and RNWZ in my portfolio?

IGE and RNWZ 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.

Which is riskier, IGE or RNWZ?

RNWZ has higher volatility (5.06%) compared to IGE (4.40%). In terms of maximum drawdown, IGE dropped -67.55% vs RNWZ's -24.90%.

Which ETF is better, IGE or RNWZ?

On 3-year performance, IGE leads with 20.25% vs 12.63% for RNWZ. On fees, IGE is cheaper at 0.39% per year. On volatility, IGE has been the lower-risk option at 4.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGE or RNWZ?

Over the 3-year period, IGE has performed better with a 20.25% return vs 12.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGE or RNWZ?

IGE is cheaper with a 0.39% expense ratio, compared with 0.75% for RNWZ.

Which ETF pays a higher dividend yield, IGE or RNWZ?

RNWZ has the higher dividend yield at 1.93%, compared with 1.89% for IGE.

What is the main difference between IGE and RNWZ?

They also come from different issuers: iShares and TrueShares. Their fees differ too: 0.39% for IGE and 0.75% for RNWZ.

Which has better risk-adjusted returns?

IGE currently has the higher Sharpe Ratio (2.75 vs 2.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.