RENG.L vs. GCLX.L
Compare and contrast key facts about L&G Clean Energy UCITS ETF (RENG.L) and Invesco Global Clean Energy UCITS ETF Acc (GCLX.L).
RENG.L and GCLX.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. GCLX.L is a passively managed fund by Invesco that tracks the performance of the S&P Global Clean Energy TR USD. It was launched on Mar 1, 2021. Both RENG.L and GCLX.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 GCLX.L.
Key characteristics
| RENG.L | GCLX.L | |
|---|---|---|
| YTD Return | -7.79% | -17.98% |
| 1Y Return | 2.51% | -12.08% |
| 3Y Return (Ann) | -7.20% | -20.18% |
| Sharpe Ratio | 0.12 | -0.52 |
| Sortino Ratio | 0.32 | -0.63 |
| Omega Ratio | 1.04 | 0.93 |
| Calmar Ratio | 0.06 | -0.20 |
| Martin Ratio | 0.33 | -0.90 |
| Ulcer Index | 7.62% | 13.44% |
| Daily Std Dev | 20.12% | 23.39% |
| Max Drawdown | -39.04% | -59.94% |
| Current Drawdown | -32.50% | -56.76% |
Correlation
The correlation between RENG.L and GCLX.L is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RENG.L vs. GCLX.L - Performance Comparison
In the year-to-date period, RENG.L achieves a -7.79% return, which is significantly higher than GCLX.L's -17.98% 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. GCLX.L - Expense Ratio Comparison
RENG.L has a 0.49% expense ratio, which is lower than GCLX.L's 0.60% expense ratio.
Risk-Adjusted Performance
RENG.L vs. GCLX.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 Invesco Global Clean Energy UCITS ETF Acc (GCLX.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. GCLX.L - Dividend Comparison
Neither RENG.L nor GCLX.L has paid dividends to shareholders.
Drawdowns
RENG.L vs. GCLX.L - Drawdown Comparison
The maximum RENG.L drawdown since its inception was -39.04%, smaller than the maximum GCLX.L drawdown of -59.94%. Use the drawdown chart below to compare losses from any high point for RENG.L and GCLX.L. For additional features, visit the drawdowns tool.
Volatility
RENG.L vs. GCLX.L - Volatility Comparison
The current volatility for L&G Clean Energy UCITS ETF (RENG.L) is 4.97%, while Invesco Global Clean Energy UCITS ETF Acc (GCLX.L) has a volatility of 6.32%. This indicates that RENG.L experiences smaller price fluctuations and is considered to be less risky than GCLX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.