RENW.DE vs. IUAA.L
RENW.DE (L&G Clean Energy UCITS ETF) and IUAA.L (iShares US Aggregate Bond UCITS ETF USD Acc) are both exchange-traded funds - RENW.DE is a Energy Equities fund tracking the Solactive Clean Energy, while IUAA.L is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index. Both are passively managed. Over the past 5 years, RENW.DE returned 9.15%/yr vs 0.88%/yr for IUAA.L. At a 0.01 correlation, their price movements are largely independent. RENW.DE charges 0.49%/yr vs 0.25%/yr for IUAA.L.
Performance
RENW.DE vs. IUAA.L - Performance Comparison
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Different Trading Currencies
RENW.DE is traded in EUR, while IUAA.L is traded in USD. To make them comparable, the IUAA.L 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 IUAA.L's 1.05% 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*
- —
IUAA.L
- 1D
- 0.20%
- 1M
- 0.99%
- YTD
- 1.05%
- 6M
- 0.84%
- 1Y
- 3.10%
- 3Y*
- 0.98%
- 5Y*
- 0.88%
- 10Y*
- —
RENW.DE vs. IUAA.L - 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% |
IUAA.L iShares US Aggregate Bond UCITS ETF USD Acc | 1.05% | -5.46% | 7.97% | 1.73% | -7.42% | 5.31% | -2.30% |
Correlation
The correlation between RENW.DE and IUAA.L is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.01 |
The correlation between RENW.DE and IUAA.L shifts across timeframes, from 0.01 (all time) to 0.12 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RENW.DE vs. IUAA.L — Risk / Return Rank
RENW.DE
IUAA.L
RENW.DE vs. IUAA.L - 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 US Aggregate Bond UCITS ETF USD Acc (IUAA.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.
| RENW.DE | IUAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.01 | ||
| Sortino ratioReturn per unit of downside risk | +3.64 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.09 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 9.22 | 0.73 | +8.49 |
| Martin ratioReturn relative to average drawdown | 34.50 | 1.97 | +32.54 |
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 | IUAA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 0.48 | +3.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.11 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.06 | +0.43 |
Drawdowns
RENW.DE vs. IUAA.L - Drawdown Comparison
The maximum RENW.DE drawdown since its inception was -43.93%, which is greater than IUAA.L's maximum drawdown of -15.67%. Use the drawdown chart below to compare losses from any high point for RENW.DE and IUAA.L.
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Drawdown Indicators
| RENW.DE | IUAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -15.67% | -28.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -3.98% | -4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -35.00% | -11.10% | -23.90% |
Max Drawdown (5Y)Largest decline over 5 years | -42.30% | -12.67% | -29.63% |
Current DrawdownCurrent decline from peak | -3.64% | -7.71% | +4.07% |
Average DrawdownAverage peak-to-trough decline | -17.33% | -7.56% | -9.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 1.48% | +0.83% |
Volatility
RENW.DE vs. IUAA.L - Volatility Comparison
L&G Clean Energy UCITS ETF (RENW.DE) has a higher volatility of 8.24% compared to iShares US Aggregate Bond UCITS ETF USD Acc (IUAA.L) at 1.37%. This indicates that RENW.DE's price experiences larger fluctuations and is considered to be riskier than IUAA.L 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 | IUAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 1.37% | +6.87% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 4.58% | +12.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.80% | 6.03% | +16.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.02% | 8.35% | +13.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.48% | 8.08% | +14.40% |
RENW.DE vs. IUAA.L - Expense Ratio Comparison
RENW.DE has a 0.49% expense ratio, which is higher than IUAA.L's 0.25% expense ratio.
Dividends
RENW.DE vs. IUAA.L - Dividend Comparison
Neither RENW.DE nor IUAA.L has paid dividends to shareholders.
Frequently Asked Questions
RENW.DE and IUAA.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUAA.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUAA.L is cheaper with a 0.25% expense ratio, compared with 0.49% for RENW.DE.
RENW.DE is categorized as Energy Equities, while IUAA.L is Total Bond Market. RENW.DE tracks Solactive Clean Energy, while IUAA.L tracks Bloomberg US Aggregate Bond Index. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.49% for RENW.DE and 0.25% for IUAA.L.
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