IUES.L vs. RNRU.L
IUES.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) and RNRU.L (Global X Renewable Energy Producers UCITS ETF USD Accumulating) are both Energy Equities funds - IUES.L tracks the MSCI World/Energy NR USD while RNRU.L tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, IUES.L returned 16.84%/yr vs 5.29%/yr for RNRU.L. At a 0.22 correlation, their price movements are largely independent. IUES.L charges 0.15%/yr vs 0.50%/yr for RNRU.L.
Performance
IUES.L vs. RNRU.L - Performance Comparison
Loading charts...
Different Trading Currencies
IUES.L is traded in USD, while RNRU.L is traded in GBP. To make them comparable, the RNRU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUES.L achieves a 30.45% return, which is significantly higher than RNRU.L's 18.75% return.
IUES.L
- 1D
- -0.36%
- 1M
- -1.09%
- YTD
- 30.45%
- 6M
- 29.22%
- 1Y
- 46.28%
- 3Y*
- 16.84%
- 5Y*
- 20.33%
- 10Y*
- 9.21%
RNRU.L
- 1D
- -1.97%
- 1M
- -1.48%
- YTD
- 18.75%
- 6M
- 19.08%
- 1Y
- 48.40%
- 3Y*
- 5.29%
- 5Y*
- —
- 10Y*
- —
IUES.L vs. RNRU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 30.45% | 9.82% | 3.87% | -0.63% | 63.84% | -1.53% |
RNRU.L Global X Renewable Energy Producers UCITS ETF USD Accumulating | 18.75% | 34.24% | -23.20% | -15.25% | -10.91% | -0.60% |
Correlation
The correlation between IUES.L and RNRU.L 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 (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.22 |
The correlation between IUES.L and RNRU.L shifts across timeframes, from -0.05 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IUES.L vs. RNRU.L — Risk / Return Rank
IUES.L
RNRU.L
IUES.L vs. RNRU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) and Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.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.
| IUES.L | RNRU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.45 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 6.99 | -3.81 |
| Martin ratioReturn relative to average drawdown | 9.97 | 22.42 | -12.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IUES.L | RNRU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.75 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.09 | +0.40 |
Drawdowns
IUES.L vs. RNRU.L - Drawdown Comparison
The maximum IUES.L drawdown since its inception was -66.78%, which is greater than RNRU.L's maximum drawdown of -51.05%. Use the drawdown chart below to compare losses from any high point for IUES.L and RNRU.L.
Loading charts...
Drawdown Indicators
| IUES.L | RNRU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.78% | -51.05% | -15.73% |
Max Drawdown (1Y)Largest decline over 1 year | -14.49% | -6.89% | -7.60% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -37.29% | +16.39% |
Max Drawdown (5Y)Largest decline over 5 years | -27.98% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.78% | — | — |
Current DrawdownCurrent decline from peak | -7.45% | -12.26% | +4.81% |
Average DrawdownAverage peak-to-trough decline | -14.21% | -26.80% | +12.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 2.15% | +2.48% |
Volatility
IUES.L vs. RNRU.L - Volatility Comparison
iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) has a higher volatility of 8.13% compared to Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) at 6.44%. This indicates that IUES.L's price experiences larger fluctuations and is considered to be riskier than RNRU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IUES.L | RNRU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 6.44% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 18.58% | 13.28% | +5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.81% | 17.57% | +4.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.72% | 21.03% | +5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.49% | 21.03% | +7.46% |
IUES.L vs. RNRU.L - Expense Ratio Comparison
IUES.L has a 0.15% expense ratio, which is lower than RNRU.L's 0.50% expense ratio.
Dividends
IUES.L vs. RNRU.L - Dividend Comparison
Neither IUES.L nor RNRU.L has paid dividends to shareholders.
Frequently Asked Questions
IUES.L and RNRU.L 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, IUES.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUES.L is cheaper with a 0.15% expense ratio, compared with 0.50% for RNRU.L.
IUES.L tracks MSCI World/Energy NR USD, while RNRU.L tracks S&P Global Clean Energy TR USD. They also come from different issuers: iShares and Global X. Their fees differ too: 0.15% for IUES.L and 0.50% for RNRU.L.
Find the right allocation for IUES.L and RNRU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer