REGB.L vs. NRJL.L

Last updated Jul 1, 2026

REGB.L (VanEck Rare Earth and Strategic Metals UCITS ETF A) and NRJL.L (Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist) are both exchange-traded funds - REGB.L is a Rare Earth & Strategic Metals fund tracking the EMIX Global Mining Global Gold TR USD, while NRJL.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, REGB.L returned 0.07%/yr vs 11.14%/yr for NRJL.L. A 0.57 correlation means they provide meaningful diversification when combined. REGB.L charges 0.59%/yr vs 0.60%/yr for NRJL.L.

Performance

REGB.L vs. NRJL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Rare Earth and Strategic Metals UCITS ETF A (REGB.L) and Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REGB.L achieves a 16.69% return, which is significantly lower than NRJL.L's 38.38% return.

REGB.L

• 1D: 0.00%
• 1M: -15.09%
• YTD: 16.69%
• 6M: 15.50%
• 1Y: 118.12%
• 3Y*: 0.07%
• 5Y*: —
• 10Y*: —

NRJL.L

• 1D: 2.18%
• 1M: -0.27%
• YTD: 38.38%
• 6M: 37.58%
• 1Y: 79.01%
• 3Y*: 11.14%
• 5Y*: 2.89%
• 10Y*: 9.77%

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

REGB.L vs. NRJL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
REGB.L VanEck Rare Earth and Strategic Metals UCITS ETF A	16.69%	75.67%	-34.55%	-22.78%	-22.89%	-20.32%
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist	38.38%	35.47%	-11.56%	-22.87%	-8.74%	-5.09%

Correlation

The correlation between REGB.L and NRJL.L is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021	0.57

The correlation between REGB.L and NRJL.L has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

Return for Risk

REGB.L vs. NRJL.L — Risk / Return Rank

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

REGB.L

REGB.L Risk / Return Rank: 83
REGB.L Sharpe Ratio Rank: 90
REGB.L Sortino Ratio Rank: 80
REGB.L Omega Ratio Rank: 72
REGB.L Calmar Ratio Rank: 93
REGB.L Martin Ratio Rank: 81

NRJL.L

NRJL.L Risk / Return Rank: 96
NRJL.L Sharpe Ratio Rank: 97
NRJL.L Sortino Ratio Rank: 95
NRJL.L Omega Ratio Rank: 95
NRJL.L Calmar Ratio Rank: 96
NRJL.L Martin Ratio Rank: 96

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.

REGB.L vs. NRJL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Rare Earth and Strategic Metals UCITS ETF A (REGB.L) and Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.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.

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.

	REGB.L	NRJL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.56	3.73	-1.17
Sortino ratio: Return per unit of downside risk	3.03	4.34	-1.31
Omega ratio: Gain probability vs. loss probability	1.36	1.61	-0.25
Calmar ratio: Return relative to maximum drawdown	5.67	7.92	-2.24
Martin ratio: Return relative to average drawdown	13.51	28.54	-15.03

REGB.L vs. NRJL.L - Sharpe Ratio Comparison

The current REGB.L Sharpe Ratio is 2.56, which is lower than the NRJL.L Sharpe Ratio of 3.73. The chart below compares the historical Sharpe Ratios of REGB.L and NRJL.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.

Drawdowns

REGB.L vs. NRJL.L - Drawdown Comparison

The maximum REGB.L drawdown since its inception was -74.24%, which is greater than NRJL.L's maximum drawdown of -54.56%. Use the drawdown chart below to compare losses from any high point for REGB.L and NRJL.L.

Drawdown Indicators

	REGB.L	NRJL.L	Difference
Max Drawdown Largest peak-to-trough decline	-74.24%	-54.56%	-19.68%
Max Drawdown (1Y) Largest decline over 1 year	-20.93%	-9.93%	-11.00%
Max Drawdown (3Y) Largest decline over 3 years	-60.57%	-39.16%	-21.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-54.10%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-54.56%	—
Current Drawdown Current decline from peak	-36.34%	-3.27%	-33.07%
Average Drawdown Average peak-to-trough decline	-44.84%	-23.11%	-21.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.78%	2.76%	+6.02%

Volatility

REGB.L vs. NRJL.L - Volatility Comparison

VanEck Rare Earth and Strategic Metals UCITS ETF A (REGB.L) has a higher volatility of 13.32% compared to Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) at 9.59%. This indicates that REGB.L's price experiences larger fluctuations and is considered to be riskier than NRJL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REGB.L	NRJL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.32%	9.59%	+3.73%
Volatility (6M) Calculated over the trailing 6-month period	33.12%	17.37%	+15.75%
Volatility (1Y) Calculated over the trailing 1-year period	46.36%	21.06%	+25.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.34%	21.92%	+24.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.34%	21.32%	+25.02%

REGB.L vs. NRJL.L - Expense Ratio Comparison

REGB.L has a 0.59% expense ratio, which is lower than NRJL.L's 0.60% expense ratio.

Dividends

REGB.L vs. NRJL.L - Dividend Comparison

REGB.L has not paid dividends to shareholders, while NRJL.L's dividend yield for the trailing twelve months is around 0.30%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist	0.30%	0.42%	0.73%	0.77%	0.24%	0.32%	0.70%	1.02%	0.59%	0.79%
REGB.L VanEck Rare Earth and Strategic Metals UCITS ETF A	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both REGB.L and NRJL.L in my portfolio?

REGB.L and NRJL.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, REGB.L or NRJL.L?

On fees, REGB.L is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, REGB.L or NRJL.L?

REGB.L is cheaper with a 0.59% expense ratio, compared with 0.60% for NRJL.L.

What is the main difference between REGB.L and NRJL.L?

REGB.L is categorized as Rare Earth & Strategic Metals, while NRJL.L is Energy Equities. REGB.L tracks EMIX Global Mining Global Gold TR USD, while NRJL.L tracks S&P Global Clean Energy TR USD. They also come from different issuers: VanEck and Amundi. Their fees differ too: 0.59% for REGB.L and 0.60% for NRJL.L.