RENW.DE vs. CNRG

Last updated Jun 5, 2026

RENW.DE (L&G Clean Energy UCITS ETF) and CNRG (SPDR S&P Kensho Clean Power ETF) are both exchange-traded funds - RENW.DE is a Energy Equities fund tracking the Solactive Clean Energy, while CNRG is a Alternative Energy Equities fund tracking the S&P Kensho Clean Power Index. Both are passively managed. Over the past 5 years, RENW.DE returned 9.15%/yr vs 6.24%/yr for CNRG. A 0.62 correlation means they provide meaningful diversification when combined. RENW.DE charges 0.49%/yr vs 0.45%/yr for CNRG.

Performance

RENW.DE vs. CNRG - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Clean Energy UCITS ETF (RENW.DE) and SPDR S&P Kensho Clean Power ETF (CNRG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RENW.DE is traded in EUR, while CNRG is traded in USD. To make them comparable, the CNRG values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, RENW.DE achieves a 43.00% return, which is significantly higher than CNRG's 38.54% return.

RENW.DE

• 1D: -1.77%
• 1M: 4.66%
• YTD: 43.00%
• 6M: 41.09%
• 1Y: 80.00%
• 3Y*: 15.60%
• 5Y*: 9.15%
• 10Y*: —

CNRG

• 1D: 0.08%
• 1M: 14.97%
• YTD: 38.54%
• 6M: 27.33%
• 1Y: 116.03%
• 3Y*: 12.52%
• 5Y*: 6.24%
• 10Y*: —

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

RENW.DE vs. CNRG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RENW.DE L&G Clean Energy UCITS ETF	43.00%	35.27%	-9.64%	-11.30%	-3.32%	1.09%	18.53%
CNRG SPDR S&P Kensho Clean Power ETF	38.54%	32.41%	-8.83%	-14.20%	-2.27%	-9.38%	26.02%

Correlation

The correlation between RENW.DE and CNRG is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020	0.62

The correlation between RENW.DE and CNRG has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.

Return for Risk

RENW.DE vs. CNRG — Risk / Return Rank

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

RENW.DE

RENW.DE Risk / Return Rank: 93
RENW.DE Sharpe Ratio Rank: 94
RENW.DE Sortino Ratio Rank: 92
RENW.DE Omega Ratio Rank: 89
RENW.DE Calmar Ratio Rank: 96
RENW.DE Martin Ratio Rank: 96

CNRG

CNRG Risk / Return Rank: 86
CNRG Sharpe Ratio Rank: 92
CNRG Sortino Ratio Rank: 82
CNRG Omega Ratio Rank: 79
CNRG Calmar Ratio Rank: 93
CNRG Martin Ratio Rank: 85

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.

RENW.DE vs. CNRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Clean Energy UCITS ETF (RENW.DE) and SPDR S&P Kensho Clean Power ETF (CNRG). 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.

	RENW.DE	CNRG	Difference
Sharpe ratio: Return per unit of total volatility	3.49	3.25	+0.24
Sortino ratio: Return per unit of downside risk	4.36	3.57	+0.79
Omega ratio: Gain probability vs. loss probability	1.56	1.46	+0.10
Calmar ratio: Return relative to maximum drawdown	9.22	6.65	+2.57
Martin ratio: Return relative to average drawdown	34.50	15.69	+18.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RENW.DE vs. CNRG - Sharpe Ratio Comparison

The current RENW.DE Sharpe Ratio is 3.49, which is comparable to the CNRG Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of RENW.DE and CNRG, 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

	RENW.DE	CNRG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.49	3.25	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.19	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.62	-0.13

Drawdowns

RENW.DE vs. CNRG - Drawdown Comparison

The maximum RENW.DE drawdown since its inception was -43.93%, smaller than the maximum CNRG drawdown of -65.46%. Use the drawdown chart below to compare losses from any high point for RENW.DE and CNRG.

Drawdown Indicators

	RENW.DE	CNRG	Difference
Max Drawdown Largest peak-to-trough decline	-43.93%	-65.46%	+21.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.63%	-17.54%	+8.91%
Max Drawdown (3Y) Largest decline over 3 years	-35.00%	-49.16%	+14.16%
Max Drawdown (5Y) Largest decline over 5 years	-42.30%	-59.82%	+17.52%
Current Drawdown Current decline from peak	-3.64%	-7.04%	+3.40%
Average Drawdown Average peak-to-trough decline	-17.33%	-28.34%	+11.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	7.42%	-5.11%

Volatility

RENW.DE vs. CNRG - Volatility Comparison

The current volatility for L&G Clean Energy UCITS ETF (RENW.DE) is 8.24%, while SPDR S&P Kensho Clean Power ETF (CNRG) has a volatility of 11.30%. This indicates that RENW.DE experiences smaller price fluctuations and is considered to be less risky than CNRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RENW.DE	CNRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.24%	11.30%	-3.06%
Volatility (6M) Calculated over the trailing 6-month period	16.85%	24.76%	-7.91%
Volatility (1Y) Calculated over the trailing 1-year period	22.80%	35.96%	-13.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.02%	33.21%	-11.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.48%	35.37%	-12.89%

RENW.DE vs. CNRG - Expense Ratio Comparison

RENW.DE has a 0.49% expense ratio, which is higher than CNRG's 0.45% expense ratio.

Dividends

RENW.DE vs. CNRG - Dividend Comparison

RENW.DE has not paid dividends to shareholders, while CNRG's dividend yield for the trailing twelve months is around 1.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CNRG SPDR S&P Kensho Clean Power ETF	1.01%	1.46%	1.34%	1.17%	1.23%	1.34%	0.69%	1.16%	0.35%
RENW.DE L&G Clean Energy UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RENW.DE and CNRG in my portfolio?

RENW.DE and CNRG have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RENW.DE or CNRG?

On fees, CNRG is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RENW.DE or CNRG?

CNRG is cheaper with a 0.45% expense ratio, compared with 0.49% for RENW.DE.

What is the main difference between RENW.DE and CNRG?

RENW.DE is categorized as Energy Equities, while CNRG is Alternative Energy Equities. RENW.DE tracks Solactive Clean Energy, while CNRG tracks S&P Kensho Clean Power Index. They also come from different issuers: Legal & General and State Street. Their fees differ too: 0.49% for RENW.DE and 0.45% for CNRG.