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INRG.L vs. BATT.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

INRG.L vs. BATT.L

Last updated Jun 5, 2026

INRG.L (iShares Global Clean Energy UCITS ETF USD (Dist)) and BATT.L (L&G Battery Value-Chain UCITS ETF) are both exchange-traded funds - INRG.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD, while BATT.L is a Alternative Energy Equities fund tracking the Solactive Battery Value-Chain Index. Both are passively managed. Over the past 5 years, INRG.L returned 2.72%/yr vs 17.44%/yr for BATT.L. A 0.61 correlation means they provide meaningful diversification when combined. INRG.L charges 0.65%/yr vs 0.49%/yr for BATT.L.

Performance

INRG.L vs. BATT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Global Clean Energy UCITS ETF USD (Dist) (INRG.L) and L&G Battery Value-Chain UCITS ETF (BATT.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

INRG.L is traded in GBp, while BATT.L is traded in USD. To make them comparable, the BATT.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, INRG.L achieves a 39.09% return, which is significantly higher than BATT.L's 35.72% return.

INRG.L

1D
-2.01%
1M
8.39%
YTD
39.09%
6M
35.51%
1Y
82.63%
3Y*
5.64%
5Y*
2.72%
10Y*
12.64%

BATT.L

1D
-2.55%
1M
-0.59%
YTD
35.72%
6M
39.06%
1Y
130.28%
3Y*
24.97%
5Y*
17.44%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

INRG.L vs. BATT.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
INRG.L
iShares Global Clean Energy UCITS ETF USD (Dist)		39.09%34.75%-24.39%-23.83%5.52%-23.71%135.23%39.22%-2.21%
BATT.L
L&G Battery Value-Chain UCITS ETF		35.72%59.22%0.53%3.36%-3.98%16.77%76.00%12.15%-17.15%

Correlation

The correlation between INRG.L and BATT.L is 0.62, 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

0.62

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Jan 24, 2018

0.61

The correlation between INRG.L and BATT.L has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.

INRG.L vs. BATT.L - Sectors Allocation Comparison

Sectors
INRG.L
BATT.L

Utilities

33.7%
3.0%

Industrials

28.3%
33.3%

Energy

24.7%

-

Technology

10.5%
11.8%

Basic Materials

1.3%
36.9%

Consumer Cyclical

0.1%
15.0%

Communication Services

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

INRG.L
33.7%
BATT.L
3.0%

Industrials

INRG.L
28.3%
BATT.L
33.3%

Energy

INRG.L
24.7%
BATT.L

-

Technology

INRG.L
10.5%
BATT.L
11.8%

Basic Materials

INRG.L
1.3%
BATT.L
36.9%

Consumer Cyclical

INRG.L
0.1%
BATT.L
15.0%

Communication Services

INRG.L

-

BATT.L

-

Consumer Defensive

INRG.L

-

BATT.L

-

Financial Services

INRG.L

-

BATT.L

-

Healthcare

INRG.L

-

BATT.L

-

Real Estate

INRG.L

-

BATT.L

-

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iShares Global Clean Energy UCITS ETF USD (Dist)

L&G Battery Value-Chain UCITS ETF

Often compared with INRG.L:
INRG.L vs. ICLNINRG.L vs. TANINRG.L vs. RENW.DEINRG.L vs. V3AB.LINRG.L vs. ACESINRG.L vs. ESIH.LINRG.L vs. RENG.L
Often compared with BATT.L:
BATT.L vs. GLGG.LBATT.L vs. 4COP.DEBATT.L vs. AIAG.LBATT.L vs. BCOG.LBATT.L vs. NCLR.LBATT.L vs. LGUK.LBATT.L vs. ROBG.L

Return for Risk

INRG.L vs. BATT.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
INRG.L
INRG.L Risk / Return Rank: 9191
Overall Rank
INRG.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
INRG.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
INRG.L Omega Ratio Rank: 8787
Omega Ratio Rank
INRG.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
INRG.L Martin Ratio Rank: 8989
Martin Ratio Rank
BATT.L
BATT.L Risk / Return Rank: 9595
Overall Rank
BATT.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
BATT.L Sortino Ratio Rank: 9393
Sortino Ratio Rank
BATT.L Omega Ratio Rank: 9292
Omega Ratio Rank
BATT.L Calmar Ratio Rank: 9696
Calmar Ratio Rank
BATT.L Martin Ratio Rank: 9595
Martin Ratio Rank
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.

INRG.L vs. BATT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy UCITS ETF USD (Dist) (INRG.L) and L&G Battery Value-Chain UCITS ETF (BATT.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.

INRG.LBATT.LDifference
Sharpe ratioReturn per unit of total volatility
3.42
4.47

-1.05

Sortino ratioReturn per unit of downside risk
4.38
4.85

-0.47

Omega ratioGain probability vs. loss probability

1.53

1.65

-0.12

Calmar ratioReturn relative to maximum drawdown

6.64

10.03

-3.39

Martin ratioReturn relative to average drawdown

19.87

34.79

-14.93

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INRG.L vs. BATT.L - Sharpe Ratio Comparison

The current INRG.L Sharpe Ratio is 3.42, which is comparable to the BATT.L Sharpe Ratio of 4.47. The chart below compares the historical Sharpe Ratios of INRG.L and BATT.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

INRG.LBATT.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.42

4.47

-1.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.11

0.74

-0.63

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.02

0.78

-0.76

Drawdowns

INRG.L vs. BATT.L - Drawdown Comparison

The maximum INRG.L drawdown since its inception was -85.09%, which is greater than BATT.L's maximum drawdown of -33.29%. Use the drawdown chart below to compare losses from any high point for INRG.L and BATT.L.

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Drawdown Indicators

INRG.LBATT.LDifference

Max Drawdown

Largest peak-to-trough decline

-85.09%

-33.29%

-51.80%

Max Drawdown (1Y)

Largest decline over 1 year

-12.38%

-12.91%

+0.53%

Max Drawdown (3Y)

Largest decline over 3 years

-44.29%

-33.29%

-11.00%

Max Drawdown (5Y)

Largest decline over 5 years

-57.38%

-33.29%

-24.09%

Max Drawdown (10Y)

Largest decline over 10 years

-65.47%

—

—

Current Drawdown

Current decline from peak

-27.35%

-4.28%

-23.07%

Average Drawdown

Average peak-to-trough decline

-56.54%

-8.89%

-47.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.15%

3.73%

+0.42%

Volatility

INRG.L vs. BATT.L - Volatility Comparison

The current volatility for iShares Global Clean Energy UCITS ETF USD (Dist) (INRG.L) is 9.58%, while L&G Battery Value-Chain UCITS ETF (BATT.L) has a volatility of 10.87%. This indicates that INRG.L experiences smaller price fluctuations and is considered to be less risky than BATT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

INRG.LBATT.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.58%

10.87%

-1.29%

Volatility (6M)

Calculated over the trailing 6-month period

17.61%

22.93%

-5.32%

Volatility (1Y)

Calculated over the trailing 1-year period

24.04%

28.95%

-4.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.80%

23.60%

+1.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.33%

23.55%

+1.78%

INRG.L vs. BATT.L - Expense Ratio Comparison

INRG.L has a 0.65% expense ratio, which is higher than BATT.L's 0.49% expense ratio.

Dividends

INRG.L vs. BATT.L - Dividend Comparison

INRG.L's dividend yield for the trailing twelve months is around 1.09%, while BATT.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
BATT.L
L&G Battery Value-Chain UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
INRG.L
iShares Global Clean Energy UCITS ETF USD (Dist)		1.09%1.77%1.58%1.00%0.62%1.01%0.61%2.05%3.68%3.69%3.65%3.90%

Frequently Asked Questions

INRG.L and BATT.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, BATT.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

BATT.L is cheaper with a 0.49% expense ratio, compared with 0.65% for INRG.L.

INRG.L is categorized as Energy Equities, while BATT.L is Alternative Energy Equities. INRG.L tracks S&P Global Clean Energy TR USD, while BATT.L tracks Solactive Battery Value-Chain Index. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.65% for INRG.L and 0.49% for BATT.L.

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