RENG.L vs. 500P.L
Compare and contrast key facts about L&G Clean Energy UCITS ETF (RENG.L) and Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L).
RENG.L and 500P.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RENG.L is a passively managed fund by Legal & General that tracks the performance of the S&P Global Clean Energy TR USD. It was launched on Nov 11, 2020. 500P.L is a passively managed fund by Franklin that tracks the performance of the S&P 500 Net Zero 2050 Paris-Aligned ESG Index. It was launched on Jul 29, 2020. Both RENG.L and 500P.L 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
RENG.L vs. 500P.L - Performance Comparison
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RENG.L vs. 500P.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RENG.L L&G Clean Energy UCITS ETF | 17.62% | 40.21% | -12.86% | -13.13% | 2.03% | -6.20% | 19.80% |
500P.L Franklin S&P 500 Paris Aligned Climate UCITS ETF | -7.81% | 7.74% | 28.94% | 23.30% | -12.86% | 34.04% | 0.89% |
Different Trading Currencies
RENG.L is traded in GBp, while 500P.L is traded in GBP. To make them comparable, the 500P.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, RENG.L achieves a 17.62% return, which is significantly higher than 500P.L's -7.81% return.
RENG.L
- 1D
- 1.14%
- 1M
- -0.07%
- YTD
- 17.62%
- 6M
- 28.42%
- 1Y
- 75.56%
- 3Y*
- 6.72%
- 5Y*
- 3.75%
- 10Y*
- —
500P.L
- 1D
- 0.47%
- 1M
- -5.13%
- YTD
- -7.81%
- 6M
- -4.55%
- 1Y
- 9.05%
- 3Y*
- 14.35%
- 5Y*
- 11.60%
- 10Y*
- —
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RENG.L vs. 500P.L - Expense Ratio Comparison
RENG.L has a 0.49% expense ratio, which is higher than 500P.L's 0.07% expense ratio.
Return for Risk
RENG.L vs. 500P.L — Risk / Return Rank
RENG.L
500P.L
RENG.L vs. 500P.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Energy UCITS ETF (RENG.L) and Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.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.
| RENG.L | 500P.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.25 | 0.59 | +2.66 |
Sortino ratioReturn per unit of downside risk | 3.77 | 0.90 | +2.87 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.13 | +0.39 |
Calmar ratioReturn relative to maximum drawdown | 6.95 | 0.67 | +6.27 |
Martin ratioReturn relative to average drawdown | 24.95 | 1.93 | +23.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RENG.L | 500P.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.25 | 0.59 | +2.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.78 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.90 | -0.59 |
Correlation
The correlation between RENG.L and 500P.L is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
RENG.L vs. 500P.L - Dividend Comparison
Neither RENG.L nor 500P.L has paid dividends to shareholders.
Drawdowns
RENG.L vs. 500P.L - Drawdown Comparison
The maximum RENG.L drawdown since its inception was -45.48%, which is greater than 500P.L's maximum drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for RENG.L and 500P.L.
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Drawdown Indicators
| RENG.L | 500P.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.48% | -20.32% | -25.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.56% | -10.81% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -40.27% | -20.32% | -19.95% |
Current DrawdownCurrent decline from peak | -2.38% | -9.96% | +7.58% |
Average DrawdownAverage peak-to-trough decline | -21.27% | -4.23% | -17.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.78% | -0.84% |
Volatility
RENG.L vs. 500P.L - Volatility Comparison
L&G Clean Energy UCITS ETF (RENG.L) has a higher volatility of 8.33% compared to Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L) at 3.30%. This indicates that RENG.L's price experiences larger fluctuations and is considered to be riskier than 500P.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RENG.L | 500P.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | 3.30% | +5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 17.40% | 8.15% | +9.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.31% | 15.29% | +8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.69% | 14.89% | +6.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 15.17% | +7.03% |