RENW.DE vs. AMEE.DE
RENW.DE (L&G Clean Energy UCITS ETF) and AMEE.DE (Amundi Global Hydrogen ESG Screened UCITS ETF EUR Acc) are both Energy Equities funds - RENW.DE tracks the Solactive Clean Energy while AMEE.DE tracks the Bloomberg Hydrogen ESG. Both are passively managed. Over the past 5 years, RENW.DE returned 7.10%/yr vs 27.39%/yr for AMEE.DE. A 0.52 correlation means they provide meaningful diversification when combined. RENW.DE charges 0.49%/yr vs 0.45%/yr for AMEE.DE.
Performance
RENW.DE vs. AMEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, RENW.DE achieves a 35.68% return, which is significantly higher than AMEE.DE's 25.34% return.
RENW.DE
- 1D
- -0.38%
- 1M
- -8.57%
- YTD
- 35.68%
- 6M
- 36.86%
- 1Y
- 70.59%
- 3Y*
- 14.98%
- 5Y*
- 7.10%
- 10Y*
- —
AMEE.DE
- 1D
- -0.68%
- 1M
- -5.42%
- YTD
- 25.34%
- 6M
- 26.10%
- 1Y
- 59.52%
- 3Y*
- 32.29%
- 5Y*
- 27.39%
- 10Y*
- 15.00%
RENW.DE vs. AMEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RENW.DE L&G Clean Energy UCITS ETF | 35.68% | 35.23% | -9.66% | -11.28% | -3.33% | 1.09% | 29.18% |
AMEE.DE Amundi Global Hydrogen ESG Screened UCITS ETF EUR Acc | 25.34% | 37.58% | 15.56% | 12.19% | 35.81% | 34.64% | 11.08% |
Correlation
The correlation between RENW.DE and AMEE.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2020 | 0.52 |
Over the past year, RENW.DE and AMEE.DE have become more correlated (0.75) than their long-term average of 0.52, meaning their price movements have been converging.
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Return for Risk
RENW.DE vs. AMEE.DE — Risk / Return Rank
RENW.DE
AMEE.DE
RENW.DE vs. AMEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Energy UCITS ETF (RENW.DE) and Amundi Global Hydrogen ESG Screened UCITS ETF EUR Acc (AMEE.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RENW.DE | AMEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.48 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.64 | 6.46 | -0.82 |
| Martin ratioReturn relative to average drawdown | 23.78 | 20.23 | +3.54 |
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Drawdowns
RENW.DE vs. AMEE.DE - Drawdown Comparison
The maximum RENW.DE drawdown since its inception was -43.92%, smaller than the maximum AMEE.DE drawdown of -59.14%. Use the drawdown chart below to compare losses from any high point for RENW.DE and AMEE.DE.
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Drawdown Indicators
| RENW.DE | AMEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.92% | -59.14% | +15.22% |
Max Drawdown (1Y)Largest decline over 1 year | -12.46% | -9.17% | -3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -33.83% | -15.74% | -18.09% |
Max Drawdown (5Y)Largest decline over 5 years | -42.32% | -19.23% | -23.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.14% | — |
Current DrawdownCurrent decline from peak | -8.57% | -5.42% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -17.18% | -10.42% | -6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.93% | +0.03% |
Volatility
RENW.DE vs. AMEE.DE - Volatility Comparison
L&G Clean Energy UCITS ETF (RENW.DE) has a higher volatility of 8.43% compared to Amundi Global Hydrogen ESG Screened UCITS ETF EUR Acc (AMEE.DE) at 5.36%. This indicates that RENW.DE's price experiences larger fluctuations and is considered to be riskier than AMEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RENW.DE | AMEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 5.36% | +3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 18.29% | 14.61% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.79% | 19.39% | +4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.22% | 22.26% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.89% | 25.59% | -2.70% |
RENW.DE vs. AMEE.DE - Expense Ratio Comparison
RENW.DE has a 0.49% expense ratio, which is higher than AMEE.DE's 0.45% expense ratio.
Dividends
RENW.DE vs. AMEE.DE - Dividend Comparison
Neither RENW.DE nor AMEE.DE has paid dividends to shareholders.
Frequently Asked Questions
RENW.DE and AMEE.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEE.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEE.DE is cheaper with a 0.45% expense ratio, compared with 0.49% for RENW.DE.
RENW.DE tracks Solactive Clean Energy, while AMEE.DE tracks Bloomberg Hydrogen ESG. They also come from different issuers: Legal & General and Amundi. Their fees differ too: 0.49% for RENW.DE and 0.45% for AMEE.DE.
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