RENW.DE vs. VNM

Last updated Jun 9, 2026

RENW.DE (L&G Clean Energy UCITS ETF) and VNM (VanEck Vectors Vietnam ETF) are both exchange-traded funds - RENW.DE is a Energy Equities fund tracking the Solactive Clean Energy, while VNM is a Asia Pacific Equities fund tracking the MVIS Vietnam Index. Both are passively managed. Over the past 5 years, RENW.DE returned 8.51%/yr vs 0.21%/yr for VNM. At a 0.15 correlation, their price movements are largely independent. RENW.DE charges 0.49%/yr vs 0.68%/yr for VNM.

Performance

RENW.DE vs. VNM - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Clean Energy UCITS ETF (RENW.DE) and VanEck Vectors Vietnam ETF (VNM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RENW.DE is traded in EUR, while VNM is traded in USD. To make them comparable, the VNM 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 38.14% return, which is significantly higher than VNM's -5.20% return.

RENW.DE

• 1D: -0.46%
• 1M: 0.79%
• YTD: 38.14%
• 6M: 37.20%
• 1Y: 72.75%
• 3Y*: 14.37%
• 5Y*: 8.51%
• 10Y*: —

VNM

• 1D: -1.39%
• 1M: -8.21%
• YTD: -5.20%
• 6M: -4.08%
• 1Y: 28.88%
• 3Y*: 9.97%
• 5Y*: 0.21%
• 10Y*: 2.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RENW.DE vs. VNM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RENW.DE L&G Clean Energy UCITS ETF	38.14%	35.23%	-9.66%	-11.28%	-3.33%	1.09%	29.18%
VNM VanEck Vectors Vietnam ETF	-5.20%	46.78%	-5.28%	11.57%	-40.26%	31.18%	9.29%

Correlation

The correlation between RENW.DE and VNM is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Nov 11, 2020	0.15

Return for Risk

RENW.DE vs. VNM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RENW.DE

RENW.DE Risk / Return Rank: 93
RENW.DE Sharpe Ratio Rank: 94
RENW.DE Sortino Ratio Rank: 92
RENW.DE Omega Ratio Rank: 89
RENW.DE Calmar Ratio Rank: 96
RENW.DE Martin Ratio Rank: 96

VNM

VNM Risk / Return Rank: 35
VNM Sharpe Ratio Rank: 35
VNM Sortino Ratio Rank: 35
VNM Omega Ratio Rank: 33
VNM Calmar Ratio Rank: 40
VNM Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RENW.DE vs. VNM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Clean Energy UCITS ETF (RENW.DE) and VanEck Vectors Vietnam ETF (VNM). 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	VNM	Difference
Sharpe ratio: Return per unit of total volatility	3.15	1.07	+2.08
Sortino ratio: Return per unit of downside risk	4.02	1.62	+2.40
Omega ratio: Gain probability vs. loss probability	1.51	1.19	+0.32
Calmar ratio: Return relative to maximum drawdown	8.36	1.72	+6.64
Martin ratio: Return relative to average drawdown	30.05	4.22	+25.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RENW.DE vs. VNM - Sharpe Ratio Comparison

The current RENW.DE Sharpe Ratio is 3.15, which is higher than the VNM Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of RENW.DE and VNM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RENW.DE	VNM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.15	1.07	+2.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.01	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.02	+0.50

Drawdowns

RENW.DE vs. VNM - Drawdown Comparison

The maximum RENW.DE drawdown since its inception was -43.92%, smaller than the maximum VNM drawdown of -50.93%. Use the drawdown chart below to compare losses from any high point for RENW.DE and VNM.

Drawdown Indicators

	RENW.DE	VNM	Difference
Max Drawdown Largest peak-to-trough decline	-43.92%	-50.93%	+7.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.62%	-16.88%	+8.26%
Max Drawdown (3Y) Largest decline over 3 years	-34.99%	-32.82%	-2.17%
Max Drawdown (5Y) Largest decline over 5 years	-42.32%	-48.44%	+6.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.44%	—
Current Drawdown Current decline from peak	-6.92%	-13.96%	+7.04%
Average Drawdown Average peak-to-trough decline	-17.26%	-26.07%	+8.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	6.91%	-4.51%

Volatility

RENW.DE vs. VNM - Volatility Comparison

L&G Clean Energy UCITS ETF (RENW.DE) has a higher volatility of 8.29% compared to VanEck Vectors Vietnam ETF (VNM) at 4.39%. This indicates that RENW.DE's price experiences larger fluctuations and is considered to be riskier than VNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RENW.DE	VNM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.29%	4.39%	+3.90%
Volatility (6M) Calculated over the trailing 6-month period	16.91%	18.22%	-1.31%
Volatility (1Y) Calculated over the trailing 1-year period	22.88%	27.23%	-4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.03%	24.79%	-2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.77%	23.96%	-1.19%

RENW.DE vs. VNM - Expense Ratio Comparison

RENW.DE has a 0.49% expense ratio, which is lower than VNM's 0.68% expense ratio.

Dividends

RENW.DE vs. VNM - Dividend Comparison

RENW.DE has not paid dividends to shareholders, while VNM's dividend yield for the trailing twelve months is around 0.21%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VNM VanEck Vectors Vietnam ETF	0.21%	0.20%	0.00%	5.21%	0.96%	0.49%	0.40%	0.76%	0.83%	1.14%	2.44%	3.69%

Frequently Asked Questions

Can I hold both RENW.DE and VNM in my portfolio?

RENW.DE and VNM have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RENW.DE or VNM?

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.

Which ETF is cheaper, RENW.DE or VNM?

RENW.DE is cheaper with a 0.49% expense ratio, compared with 0.68% for VNM.

What is the main difference between RENW.DE and VNM?

RENW.DE is categorized as Energy Equities, while VNM is Asia Pacific Equities. RENW.DE tracks Solactive Clean Energy, while VNM tracks MVIS Vietnam Index. They also come from different issuers: Legal & General and VanEck. Their fees differ too: 0.49% for RENW.DE and 0.68% for VNM.