RENW.DE vs. SPYG
Compare and contrast key facts about L&G Clean Energy UCITS ETF (RENW.DE) and SPDR Portfolio S&P 500 Growth ETF (SPYG).
RENW.DE and SPYG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RENW.DE is a passively managed fund by Legal & General that tracks the performance of the Solactive Clean Energy. It was launched on Nov 11, 2020. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. Both RENW.DE and SPYG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RENW.DE or SPYG.
Key characteristics
| RENW.DE | SPYG | |
|---|---|---|
| YTD Return | -3.67% | 23.89% |
| 1Y Return | -3.19% | 32.06% |
| 3Y Return (Ann) | -5.74% | 7.36% |
| Sharpe Ratio | -0.05 | 1.89 |
| Daily Std Dev | 20.79% | 16.80% |
| Max Drawdown | -37.44% | -67.79% |
| Current Drawdown | -27.21% | -4.45% |
Correlation
The correlation between RENW.DE and SPYG is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RENW.DE vs. SPYG - Performance Comparison
In the year-to-date period, RENW.DE achieves a -3.67% return, which is significantly lower than SPYG's 23.89% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RENW.DE vs. SPYG - Expense Ratio Comparison
RENW.DE has a 0.49% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Risk-Adjusted Performance
RENW.DE vs. SPYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Energy UCITS ETF (RENW.DE) and SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.
Dividends
RENW.DE vs. SPYG - Dividend Comparison
RENW.DE has not paid dividends to shareholders, while SPYG's dividend yield for the trailing twelve months is around 0.54%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.54% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% | 1.42% |
Drawdowns
RENW.DE vs. SPYG - Drawdown Comparison
The maximum RENW.DE drawdown since its inception was -37.44%, smaller than the maximum SPYG drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for RENW.DE and SPYG. For additional features, visit the drawdowns tool.
Volatility
RENW.DE vs. SPYG - Volatility Comparison
L&G Clean Energy UCITS ETF (RENW.DE) has a higher volatility of 6.50% compared to SPDR Portfolio S&P 500 Growth ETF (SPYG) at 5.49%. This indicates that RENW.DE's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.