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INRG.L vs. RENW.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

INRG.L vs. RENW.DE

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Global Clean Energy UCITS ETF USD (Dist) (INRG.L) and L&G Clean Energy UCITS ETF (RENW.DE).

INRG.L and RENW.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INRG.L is a passively managed fund by iShares that tracks the performance of the S&P Global Clean Energy TR USD. It was launched on Jul 9, 2007. RENW.DE is a passively managed fund by Legal & General that tracks the performance of the Solactive Clean Energy. It was launched on Nov 11, 2020. Both INRG.L and RENW.DE 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

INRG.L vs. RENW.DE - 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 Clean Energy UCITS ETF (RENW.DE). The values are adjusted to include any dividend payments, if applicable.

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INRG.L vs. RENW.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
INRG.L
iShares Global Clean Energy UCITS ETF USD (Dist)		13.43%34.16%-24.63%-23.98%5.40%-23.91%24.28%
RENW.DE
L&G Clean Energy UCITS ETF		21.23%42.31%-13.57%-13.07%1.98%-6.04%18.84%
Different Trading Currencies

INRG.L is traded in GBp, while RENW.DE is traded in EUR. To make them comparable, the RENW.DE 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 13.43% return, which is significantly lower than RENW.DE's 21.23% return.

INRG.L

1D
2.31%
1M
2.18%
YTD
13.43%
6M
19.43%
1Y
58.29%
3Y*
-3.61%
5Y*
-3.83%
10Y*
9.43%

RENW.DE

1D
3.52%
1M
4.21%
YTD
21.23%
6M
30.27%
1Y
79.62%
3Y*
8.18%
5Y*
4.37%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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iShares Global Clean Energy UCITS ETF USD (Dist)

L&G Clean Energy UCITS ETF

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Often compared with RENW.DE:
RENW.DE vs. XDG7.DERENW.DE vs. AW1P.DERENW.DE vs. SPYGRENW.DE vs. NUKL.DERENW.DE vs. SMOGRENW.DE vs. CNRGRENW.DE vs. VPL

INRG.L vs. RENW.DE - Expense Ratio Comparison

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

INRG.L
iShares Global Clean Energy UCITS ETF USD (Dist)
RENW.DE
L&G Clean Energy UCITS ETF

Return for Risk

INRG.L vs. RENW.DE — 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: 9494
Overall Rank
INRG.L Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
INRG.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
INRG.L Omega Ratio Rank: 9292
Omega Ratio Rank
INRG.L Calmar Ratio Rank: 9696
Calmar Ratio Rank
INRG.L Martin Ratio Rank: 9292
Martin Ratio Rank
RENW.DE
RENW.DE Risk / Return Rank: 9797
Overall Rank
RENW.DE Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
RENW.DE Sortino Ratio Rank: 9696
Sortino Ratio Rank
RENW.DE Omega Ratio Rank: 9595
Omega Ratio Rank
RENW.DE Calmar Ratio Rank: 9898
Calmar Ratio Rank
RENW.DE Martin Ratio Rank: 9898
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. RENW.DE - 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 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.

INRG.LRENW.DEDifference

Sharpe ratio

Return per unit of total volatility

2.52

3.28

-0.76

Sortino ratio

Return per unit of downside risk

3.30

3.90

-0.60

Omega ratio

Gain probability vs. loss probability

1.41

1.54

-0.13

Calmar ratio

Return relative to maximum drawdown

4.57

8.68

-4.11

Martin ratio

Return relative to average drawdown

13.21

29.70

-16.49

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. RENW.DE - Sharpe Ratio Comparison

The current INRG.L Sharpe Ratio is 2.52, which is comparable to the RENW.DE Sharpe Ratio of 3.28. The chart below compares the historical Sharpe Ratios of INRG.L and RENW.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

INRG.LRENW.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.52

3.28

-0.76

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.15

0.20

-0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.37

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.04

0.33

-0.37

Correlation

The correlation between INRG.L and RENW.DE is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

INRG.L vs. RENW.DE - Dividend Comparison

INRG.L's dividend yield for the trailing twelve months is around 1.18%, while RENW.DE has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
INRG.L
iShares Global Clean Energy UCITS ETF USD (Dist)		1.18%1.34%1.24%0.80%0.51%0.74%0.48%1.60%2.81%2.83%2.73%2.55%
RENW.DE
L&G Clean Energy 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%

Drawdowns

INRG.L vs. RENW.DE - Drawdown Comparison

The maximum INRG.L drawdown since its inception was -85.70%, which is greater than RENW.DE's maximum drawdown of -46.50%. Use the drawdown chart below to compare losses from any high point for INRG.L and RENW.DE.

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Drawdown Indicators

INRG.LRENW.DEDifference

Max Drawdown

Largest peak-to-trough decline

-85.70%

-43.93%

-41.77%

Max Drawdown (1Y)

Largest decline over 1 year

-12.62%

-14.24%

+1.62%

Max Drawdown (5Y)

Largest decline over 5 years

-57.62%

-42.30%

-15.32%

Max Drawdown (10Y)

Largest decline over 10 years

-65.78%

—

—

Current Drawdown

Current decline from peak

-41.53%

0.00%

-41.53%

Average Drawdown

Average peak-to-trough decline

-58.14%

-17.85%

-40.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.37%

2.59%

+1.78%

Volatility

INRG.L vs. RENW.DE - Volatility Comparison

The current volatility for iShares Global Clean Energy UCITS ETF USD (Dist) (INRG.L) is 7.29%, while L&G Clean Energy UCITS ETF (RENW.DE) has a volatility of 8.00%. This indicates that INRG.L experiences smaller price fluctuations and is considered to be less risky 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

INRG.LRENW.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.29%

8.00%

-0.71%

Volatility (6M)

Calculated over the trailing 6-month period

18.33%

17.74%

+0.59%

Volatility (1Y)

Calculated over the trailing 1-year period

23.01%

24.14%

-1.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.95%

21.73%

+3.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.18%

22.22%

+2.96%