RENW.DE vs. IQQH.DE
RENW.DE (L&G Clean Energy UCITS ETF) and IQQH.DE (iShares Global Clean Energy UCITS ETF USD (Dist)) are both Energy Equities funds - RENW.DE tracks the Solactive Clean Energy while IQQH.DE tracks the S&P Global Clean Energy. Both are passively managed. Over the past 5 years, RENW.DE returned 9.15%/yr vs 2.58%/yr for IQQH.DE. Their correlation of 0.86 suggests significant overlap in exposure. RENW.DE charges 0.49%/yr vs 0.65%/yr for IQQH.DE.
Performance
RENW.DE vs. IQQH.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 IQQH.DE's 39.28% 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*
- —
IQQH.DE
- 1D
- -1.81%
- 1M
- 8.45%
- YTD
- 39.28%
- 6M
- 35.95%
- 1Y
- 78.04%
- 3Y*
- 5.37%
- 5Y*
- 2.58%
- 10Y*
- 11.71%
RENW.DE vs. IQQH.DE - 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% |
IQQH.DE iShares Global Clean Energy UCITS ETF USD (Dist) | 39.28% | 29.83% | -21.49% | -22.15% | 0.84% | -17.65% | 22.47% |
Correlation
The correlation between RENW.DE and IQQH.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.86 |
The correlation between RENW.DE and IQQH.DE has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
RENW.DE vs. IQQH.DE — Risk / Return Rank
RENW.DE
IQQH.DE
RENW.DE vs. IQQH.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 iShares Global Clean Energy UCITS ETF USD (Dist) (IQQH.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 | IQQH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.50 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 9.22 | 6.29 | +2.94 |
| Martin ratioReturn relative to average drawdown | 34.50 | 19.88 | +14.62 |
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 | IQQH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 3.18 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.10 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | -0.01 | +0.50 |
Drawdowns
RENW.DE vs. IQQH.DE - Drawdown Comparison
The maximum RENW.DE drawdown since its inception was -43.93%, smaller than the maximum IQQH.DE drawdown of -86.09%. Use the drawdown chart below to compare losses from any high point for RENW.DE and IQQH.DE.
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Drawdown Indicators
| RENW.DE | IQQH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -86.09% | +42.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -12.32% | +3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -35.00% | -44.43% | +9.43% |
Max Drawdown (5Y)Largest decline over 5 years | -42.30% | -57.70% | +15.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.78% | — |
Current DrawdownCurrent decline from peak | -3.64% | -24.01% | +20.37% |
Average DrawdownAverage peak-to-trough decline | -17.33% | -59.78% | +42.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 3.90% | -1.59% |
Volatility
RENW.DE vs. IQQH.DE - Volatility Comparison
The current volatility for L&G Clean Energy UCITS ETF (RENW.DE) is 8.24%, while iShares Global Clean Energy UCITS ETF USD (Dist) (IQQH.DE) has a volatility of 9.79%. This indicates that RENW.DE experiences smaller price fluctuations and is considered to be less risky than IQQH.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 | IQQH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 9.79% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 18.31% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.80% | 24.37% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.02% | 24.69% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.48% | 25.08% | -2.60% |
RENW.DE vs. IQQH.DE - Expense Ratio Comparison
RENW.DE has a 0.49% expense ratio, which is lower than IQQH.DE's 0.65% expense ratio.
Dividends
RENW.DE vs. IQQH.DE - Dividend Comparison
RENW.DE has not paid dividends to shareholders, while IQQH.DE's dividend yield for the trailing twelve months is around 0.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQH.DE iShares Global Clean Energy UCITS ETF USD (Dist) | 0.94% | 1.53% | 1.32% | 1.23% | 0.83% | 1.23% | 0.56% | 2.89% | 3.30% | 4.82% | 4.72% | 2.86% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RENW.DE and IQQH.DE have a correlation of 0.79, 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 0.65% for IQQH.DE.
RENW.DE tracks Solactive Clean Energy, while IQQH.DE tracks S&P Global Clean Energy. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.49% for RENW.DE and 0.65% for IQQH.DE.
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