RENG.L vs. WDEE.L

Last updated Jun 4, 2026

RENG.L (L&G Clean Energy UCITS ETF) and WDEE.L (Invesco S&P World Energy Targeted & Screened UCITS ETF Acc) are both Energy Equities funds - RENG.L tracks the S&P Global Clean Energy TR USD while WDEE.L tracks the S&P World Energy Targeted & Screened Index. Both are passively managed. Over the past 3 years, RENG.L returned 16.55%/yr vs 16.22%/yr for WDEE.L. At a 0.22 correlation, their price movements are largely independent. RENG.L charges 0.49%/yr vs 0.18%/yr for WDEE.L.

Performance

RENG.L vs. WDEE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Clean Energy UCITS ETF (RENG.L) and Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RENG.L is traded in GBp, while WDEE.L is traded in USD. To make them comparable, the WDEE.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 44.46% return, which is significantly higher than WDEE.L's 31.43% return.

RENG.L

• 1D: -0.30%
• 1M: 8.19%
• YTD: 44.46%
• 6M: 43.89%
• 1Y: 89.37%
• 3Y*: 16.55%
• 5Y*: 9.68%
• 10Y*: —

WDEE.L

• 1D: 2.27%
• 1M: -0.02%
• YTD: 31.43%
• 6M: 28.87%
• 1Y: 40.47%
• 3Y*: 16.22%
• 5Y*: —
• 10Y*: —

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

RENG.L vs. WDEE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RENG.L L&G Clean Energy UCITS ETF	44.46%	40.21%	-12.86%	-14.26%
WDEE.L Invesco S&P World Energy Targeted & Screened UCITS ETF Acc	31.43%	1.24%	5.84%	4.65%

Correlation

The correlation between RENG.L and WDEE.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023	0.22

The correlation between RENG.L and WDEE.L shifts across timeframes, from -0.07 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RENG.L vs. WDEE.L — Risk / Return Rank

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

RENG.L

RENG.L Risk / Return Rank: 95
RENG.L Sharpe Ratio Rank: 95
RENG.L Sortino Ratio Rank: 93
RENG.L Omega Ratio Rank: 92
RENG.L Calmar Ratio Rank: 96
RENG.L Martin Ratio Rank: 96

WDEE.L

WDEE.L Risk / Return Rank: 66
WDEE.L Sharpe Ratio Rank: 65
WDEE.L Sortino Ratio Rank: 60
WDEE.L Omega Ratio Rank: 60
WDEE.L Calmar Ratio Rank: 80
WDEE.L Martin Ratio Rank: 67

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.

RENG.L vs. WDEE.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 Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.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	WDEE.L	Difference
Sharpe ratio: Return per unit of total volatility	4.01	2.06	+1.95
Sortino ratio: Return per unit of downside risk	4.67	2.63	+2.04
Omega ratio: Gain probability vs. loss probability	1.63	1.36	+0.27
Calmar ratio: Return relative to maximum drawdown	10.06	3.40	+6.66
Martin ratio: Return relative to average drawdown	35.59	10.68	+24.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RENG.L vs. WDEE.L - Sharpe Ratio Comparison

The current RENG.L Sharpe Ratio is 4.01, which is higher than the WDEE.L Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of RENG.L and WDEE.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.

Sharpe Ratios by Period

	RENG.L	WDEE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.01	2.06	+1.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.68	-0.20

Drawdowns

RENG.L vs. WDEE.L - Drawdown Comparison

The maximum RENG.L drawdown since its inception was -45.48%, which is greater than WDEE.L's maximum drawdown of -21.91%. Use the drawdown chart below to compare losses from any high point for RENG.L and WDEE.L.

Drawdown Indicators

	RENG.L	WDEE.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.48%	-21.91%	-23.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.84%	-11.86%	+3.02%
Max Drawdown (3Y) Largest decline over 3 years	-33.95%	-21.91%	-12.04%
Max Drawdown (5Y) Largest decline over 5 years	-40.27%	—	—
Current Drawdown Current decline from peak	-1.79%	-4.80%	+3.01%
Average Drawdown Average peak-to-trough decline	-20.65%	-7.26%	-13.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	3.78%	-1.28%

Volatility

RENG.L vs. WDEE.L - Volatility Comparison

L&G Clean Energy UCITS ETF (RENG.L) has a higher volatility of 8.17% compared to Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L) at 7.33%. This indicates that RENG.L's price experiences larger fluctuations and is considered to be riskier than WDEE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RENG.L	WDEE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.17%	7.33%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	15.75%	15.98%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	22.23%	19.58%	+2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.71%	19.35%	+2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.30%	19.35%	+2.95%

RENG.L vs. WDEE.L - Expense Ratio Comparison

RENG.L has a 0.49% expense ratio, which is higher than WDEE.L's 0.18% expense ratio.

Dividends

RENG.L vs. WDEE.L - Dividend Comparison

Neither RENG.L nor WDEE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RENG.L and WDEE.L in my portfolio?

RENG.L and WDEE.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RENG.L or WDEE.L?

On fees, WDEE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RENG.L or WDEE.L?

WDEE.L is cheaper with a 0.18% expense ratio, compared with 0.49% for RENG.L.

What is the main difference between RENG.L and WDEE.L?

RENG.L tracks S&P Global Clean Energy TR USD, while WDEE.L tracks S&P World Energy Targeted & Screened Index. They also come from different issuers: Legal & General and Invesco. Their fees differ too: 0.49% for RENG.L and 0.18% for WDEE.L.