RENG.L vs. CUKX.L
Compare and contrast key facts about L&G Clean Energy UCITS ETF (RENG.L) and iShares FTSE 100 UCITS ETF (CUKX.L).
RENG.L and CUKX.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. CUKX.L is a passively managed fund by iShares that tracks the performance of the FTSE 100 Index. It was launched on Jan 26, 2010. Both RENG.L and CUKX.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RENG.L or CUKX.L.
Key characteristics
| RENG.L | CUKX.L | |
|---|---|---|
| YTD Return | -7.79% | 10.40% |
| 1Y Return | 2.51% | 12.78% |
| 3Y Return (Ann) | -7.20% | 8.61% |
| Sharpe Ratio | 0.12 | 1.23 |
| Sortino Ratio | 0.32 | 1.81 |
| Omega Ratio | 1.04 | 1.22 |
| Calmar Ratio | 0.06 | 2.02 |
| Martin Ratio | 0.33 | 6.25 |
| Ulcer Index | 7.62% | 1.98% |
| Daily Std Dev | 20.12% | 10.03% |
| Max Drawdown | -39.04% | -34.50% |
| Current Drawdown | -32.50% | -0.82% |
Correlation
The correlation between RENG.L and CUKX.L is 0.65, 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.
Performance
RENG.L vs. CUKX.L - Performance Comparison
In the year-to-date period, RENG.L achieves a -7.79% return, which is significantly lower than CUKX.L's 10.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RENG.L vs. CUKX.L - Expense Ratio Comparison
RENG.L has a 0.49% expense ratio, which is higher than CUKX.L's 0.07% expense ratio.
Risk-Adjusted Performance
RENG.L vs. CUKX.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Energy UCITS ETF (RENG.L) and iShares FTSE 100 UCITS ETF (CUKX.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.
Dividends
RENG.L vs. CUKX.L - Dividend Comparison
Neither RENG.L nor CUKX.L has paid dividends to shareholders.
Drawdowns
RENG.L vs. CUKX.L - Drawdown Comparison
The maximum RENG.L drawdown since its inception was -39.04%, which is greater than CUKX.L's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for RENG.L and CUKX.L. For additional features, visit the drawdowns tool.
Volatility
RENG.L vs. CUKX.L - Volatility Comparison
L&G Clean Energy UCITS ETF (RENG.L) has a higher volatility of 4.97% compared to iShares FTSE 100 UCITS ETF (CUKX.L) at 3.33%. This indicates that RENG.L's price experiences larger fluctuations and is considered to be riskier than CUKX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.