PAYH vs. RNWZ
PAYH (TrueShares S&P Autocallable High Income ETF) and RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) are both exchange-traded funds - PAYH is a Derivative Income fund actively managed by TrueShares, while RNWZ is a Energy Equities fund actively managed by TrueShares. Both are actively managed. At a 0.21 correlation, their price movements are largely independent. PAYH charges 0.74%/yr vs 0.75%/yr for RNWZ.
Performance
PAYH vs. RNWZ - Performance Comparison
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Returns By Period
In the year-to-date period, PAYH achieves a 5.88% return, which is significantly lower than RNWZ's 13.14% return.
PAYH
- 1D
- -0.91%
- 1M
- -2.97%
- YTD
- 5.88%
- 6M
- —
- 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*
- —
PAYH vs. RNWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PAYH TrueShares S&P Autocallable High Income ETF | 5.88% | -0.73% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 13.14% | -0.23% |
Correlation
The correlation between PAYH and RNWZ is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025 | 0.21 |
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Return for Risk
PAYH vs. RNWZ — Risk / Return Rank
PAYH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RNWZ
PAYH vs. RNWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares S&P Autocallable High Income ETF (PAYH) 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.
| PAYH | 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
PAYH vs. RNWZ - Drawdown Comparison
The maximum PAYH drawdown since its inception was -16.33%, smaller than the maximum RNWZ drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for PAYH and RNWZ.
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Drawdown Indicators
| PAYH | RNWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.33% | -24.90% | +8.57% |
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 | -3.55% | -7.04% | +3.49% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -7.16% | +4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.85% | — |
Volatility
PAYH vs. RNWZ - Volatility Comparison
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Volatility by Period
| PAYH | 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 | 22.78% | 15.27% | +7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.78% | 16.95% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.78% | 16.95% | +5.83% |
PAYH vs. RNWZ - Expense Ratio Comparison
PAYH has a 0.74% expense ratio, which is lower than RNWZ's 0.75% expense ratio.
Dividends
PAYH vs. RNWZ - Dividend Comparison
PAYH's dividend yield for the trailing twelve months is around 6.63%, more than RNWZ's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PAYH TrueShares S&P Autocallable High Income ETF | 6.63% | 0.00% | 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
PAYH and RNWZ have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAYH is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAYH is cheaper with a 0.74% expense ratio, compared with 0.75% for RNWZ.
PAYH has the higher dividend yield at 6.63%, compared with 1.98% for RNWZ.
PAYH is categorized as Derivative Income, while RNWZ is Energy Equities. Their fees differ too: 0.74% for PAYH and 0.75% for RNWZ.
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