RENW.DE vs. G1CD.DE
RENW.DE (L&G Clean Energy UCITS ETF) and G1CD.DE (Invesco Global Clean Energy UCITS ETF Dist) are both Energy Equities funds - RENW.DE tracks the Solactive Clean Energy while G1CD.DE tracks the WilderHill New Energy Global Innovation. Both are passively managed. Over the past 3 years, RENW.DE returned 15.60%/yr vs 5.13%/yr for G1CD.DE. Their correlation of 0.87 suggests significant overlap in exposure. RENW.DE charges 0.49%/yr vs 0.60%/yr for G1CD.DE.
Performance
RENW.DE vs. G1CD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, RENW.DE achieves a 43.00% return, which is significantly higher than G1CD.DE's 35.16% return.
RENW.DE
- 1D
- -1.77%
- 1M
- 4.00%
- YTD
- 43.00%
- 6M
- 41.28%
- 1Y
- 80.41%
- 3Y*
- 15.60%
- 5Y*
- 9.15%
- 10Y*
- —
G1CD.DE
- 1D
- -0.69%
- 1M
- 3.04%
- YTD
- 35.16%
- 6M
- 36.31%
- 1Y
- 84.42%
- 3Y*
- 5.13%
- 5Y*
- —
- 10Y*
- —
RENW.DE vs. G1CD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RENW.DE L&G Clean Energy UCITS ETF | 43.00% | 35.27% | -9.64% | -11.30% | 7.45% |
G1CD.DE Invesco Global Clean Energy UCITS ETF Dist | 35.16% | 28.09% | -22.10% | -13.60% | -7.76% |
Correlation
The correlation between RENW.DE and G1CD.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.87 |
The correlation between RENW.DE and G1CD.DE has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
RENW.DE vs. G1CD.DE — Risk / Return Rank
RENW.DE
G1CD.DE
RENW.DE vs. G1CD.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 Invesco Global Clean Energy UCITS ETF Dist (G1CD.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.
| RENW.DE | G1CD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.62 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 9.22 | 7.85 | +1.37 |
| Martin ratioReturn relative to average drawdown | 34.50 | 27.83 | +6.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RENW.DE | G1CD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 3.90 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.07 | +0.42 |
Drawdowns
RENW.DE vs. G1CD.DE - Drawdown Comparison
The maximum RENW.DE drawdown since its inception was -43.93%, smaller than the maximum G1CD.DE drawdown of -64.00%. Use the drawdown chart below to compare losses from any high point for RENW.DE and G1CD.DE.
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Drawdown Indicators
| RENW.DE | G1CD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -64.00% | +20.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -10.60% | +1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -35.00% | -52.73% | +17.73% |
Max Drawdown (5Y)Largest decline over 5 years | -42.30% | — | — |
Current DrawdownCurrent decline from peak | -3.64% | -16.50% | +12.86% |
Average DrawdownAverage peak-to-trough decline | -17.33% | -35.01% | +17.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 3.00% | -0.69% |
Volatility
RENW.DE vs. G1CD.DE - Volatility Comparison
L&G Clean Energy UCITS ETF (RENW.DE) and Invesco Global Clean Energy UCITS ETF Dist (G1CD.DE) have volatilities of 8.24% and 8.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RENW.DE | G1CD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 8.16% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 14.33% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.80% | 21.33% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.02% | 25.12% | -3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.48% | 25.12% | -2.64% |
RENW.DE vs. G1CD.DE - Expense Ratio Comparison
RENW.DE has a 0.49% expense ratio, which is lower than G1CD.DE's 0.60% expense ratio.
Dividends
RENW.DE vs. G1CD.DE - Dividend Comparison
RENW.DE has not paid dividends to shareholders, while G1CD.DE's dividend yield for the trailing twelve months is around 1.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
G1CD.DE Invesco Global Clean Energy UCITS ETF Dist | 1.52% | 2.08% | 1.37% | 0.70% | 0.09% |
RENW.DE L&G Clean Energy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RENW.DE and G1CD.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RENW.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RENW.DE is cheaper with a 0.49% expense ratio, compared with 0.60% for G1CD.DE.
RENW.DE tracks Solactive Clean Energy, while G1CD.DE tracks WilderHill New Energy Global Innovation. They also come from different issuers: Legal & General and Invesco. Their fees differ too: 0.49% for RENW.DE and 0.60% for G1CD.DE.
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