RENW.DE vs. JMLP.DE
RENW.DE (L&G Clean Energy UCITS ETF) and JMLP.DE (HANetf Alerian Midstream Energy Dividend UCITS ETF) are both Energy Equities funds - RENW.DE tracks the Solactive Clean Energy while JMLP.DE tracks the Alerian Midstream Energy Dividend. Both are passively managed. Over the past 5 years, RENW.DE returned 7.10%/yr vs 19.33%/yr for JMLP.DE. At a 0.29 correlation, their price movements are largely independent. RENW.DE charges 0.49%/yr vs 0.40%/yr for JMLP.DE.
Performance
RENW.DE vs. JMLP.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 JMLP.DE's 30.05% 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*
- —
JMLP.DE
- 1D
- 0.00%
- 1M
- -1.15%
- YTD
- 30.05%
- 6M
- 31.37%
- 1Y
- 32.86%
- 3Y*
- 23.81%
- 5Y*
- 19.33%
- 10Y*
- —
RENW.DE vs. JMLP.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% |
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF | 30.05% | -5.93% | 40.86% | 9.97% | 28.08% | 44.11% | 5.87% |
Correlation
The correlation between RENW.DE and JMLP.DE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2020 | 0.29 |
The correlation between RENW.DE and JMLP.DE shifts across timeframes, from -0.02 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RENW.DE vs. JMLP.DE — Risk / Return Rank
RENW.DE
JMLP.DE
RENW.DE vs. JMLP.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 HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.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 | JMLP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.28 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 5.64 | 2.99 | +2.64 |
| Martin ratioReturn relative to average drawdown | 23.78 | 8.41 | +15.36 |
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Drawdowns
RENW.DE vs. JMLP.DE - Drawdown Comparison
The maximum RENW.DE drawdown since its inception was -43.92%, which is greater than JMLP.DE's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for RENW.DE and JMLP.DE.
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Drawdown Indicators
| RENW.DE | JMLP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.92% | -22.29% | -21.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.46% | -11.02% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -33.83% | -22.29% | -11.54% |
Max Drawdown (5Y)Largest decline over 5 years | -42.32% | -22.29% | -20.03% |
Current DrawdownCurrent decline from peak | -8.57% | -3.17% | -5.40% |
Average DrawdownAverage peak-to-trough decline | -17.18% | -6.44% | -10.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.92% | -0.96% |
Volatility
RENW.DE vs. JMLP.DE - Volatility Comparison
L&G Clean Energy UCITS ETF (RENW.DE) has a higher volatility of 8.43% compared to HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) at 6.84%. This indicates that RENW.DE's price experiences larger fluctuations and is considered to be riskier than JMLP.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 | JMLP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 6.84% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 18.29% | 15.71% | +2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.79% | 19.25% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.22% | 20.38% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.89% | 21.43% | +1.46% |
RENW.DE vs. JMLP.DE - Expense Ratio Comparison
RENW.DE has a 0.49% expense ratio, which is higher than JMLP.DE's 0.40% expense ratio.
Dividends
RENW.DE vs. JMLP.DE - Dividend Comparison
RENW.DE has not paid dividends to shareholders, while JMLP.DE's dividend yield for the trailing twelve months is around 2.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF | 2.83% | 3.38% | 3.34% | 6.50% | 6.31% | 6.46% | 4.11% |
RENW.DE L&G Clean Energy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RENW.DE and JMLP.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMLP.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMLP.DE is cheaper with a 0.40% expense ratio, compared with 0.49% for RENW.DE.
RENW.DE tracks Solactive Clean Energy, while JMLP.DE tracks Alerian Midstream Energy Dividend. They also come from different issuers: Legal & General and HANetf. Their fees differ too: 0.49% for RENW.DE and 0.40% for JMLP.DE.
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