RENG.L vs. IEM.L
Compare and contrast key facts about L&G Clean Energy UCITS ETF (RENG.L) and Impax Environmental Markets plc (IEM.L).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RENG.L or IEM.L.
Key characteristics
| RENG.L | IEM.L | |
|---|---|---|
| YTD Return | -8.96% | -0.80% |
| 1Y Return | 2.10% | 11.31% |
| 3Y Return (Ann) | -7.48% | -7.72% |
| Sharpe Ratio | 0.10 | 0.84 |
| Sortino Ratio | 0.29 | 1.31 |
| Omega Ratio | 1.03 | 1.16 |
| Calmar Ratio | 0.05 | 0.31 |
| Martin Ratio | 0.28 | 3.70 |
| Ulcer Index | 7.56% | 3.53% |
| Daily Std Dev | 20.24% | 15.62% |
| Max Drawdown | -39.04% | -63.64% |
| Current Drawdown | -33.35% | -30.85% |
Correlation
The correlation between RENG.L and IEM.L is 0.66, 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. IEM.L - Performance Comparison
In the year-to-date period, RENG.L achieves a -8.96% return, which is significantly lower than IEM.L's -0.80% 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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Risk-Adjusted Performance
RENG.L vs. IEM.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 Impax Environmental Markets plc (IEM.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. IEM.L - Dividend Comparison
RENG.L has not paid dividends to shareholders, while IEM.L's dividend yield for the trailing twelve months is around 1.20%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RENG.L L&G Clean Energy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEM.L Impax Environmental Markets plc | 1.20% | 1.05% | 0.72% | 0.42% | 1.02% | 0.90% | 0.99% | 0.76% | 0.67% | 0.87% | 0.01% | 0.60% |
Drawdowns
RENG.L vs. IEM.L - Drawdown Comparison
The maximum RENG.L drawdown since its inception was -39.04%, smaller than the maximum IEM.L drawdown of -63.64%. Use the drawdown chart below to compare losses from any high point for RENG.L and IEM.L. For additional features, visit the drawdowns tool.
Volatility
RENG.L vs. IEM.L - Volatility Comparison
L&G Clean Energy UCITS ETF (RENG.L) has a higher volatility of 5.20% compared to Impax Environmental Markets plc (IEM.L) at 3.76%. This indicates that RENG.L's price experiences larger fluctuations and is considered to be riskier than IEM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.