RENW.DE vs. WDEE.DE
RENW.DE (L&G Clean Energy UCITS ETF) and WDEE.DE (Invesco S&P World Energy ESG UCITS ETF Acc) are both Energy Equities funds - RENW.DE tracks the Solactive Clean Energy while WDEE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy. Both are passively managed. Over the past 3 years, RENW.DE returned 15.60%/yr vs 16.13%/yr for WDEE.DE. At a 0.21 correlation, their price movements are largely independent. RENW.DE charges 0.49%/yr vs 0.18%/yr for WDEE.DE.
Performance
RENW.DE vs. WDEE.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 WDEE.DE's 33.31% 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*
- —
WDEE.DE
- 1D
- 2.19%
- 1M
- 3.35%
- YTD
- 33.31%
- 6M
- 28.18%
- 1Y
- 39.15%
- 3Y*
- 16.13%
- 5Y*
- —
- 10Y*
- —
RENW.DE vs. WDEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RENW.DE L&G Clean Energy UCITS ETF | 43.00% | 35.27% | -9.64% | -13.22% |
WDEE.DE Invesco S&P World Energy ESG UCITS ETF Acc | 33.31% | -2.96% | 9.29% | 6.37% |
Correlation
The correlation between RENW.DE and WDEE.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 | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.21 |
The correlation between RENW.DE and WDEE.DE shifts across timeframes, from -0.02 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RENW.DE vs. WDEE.DE — Risk / Return Rank
RENW.DE
WDEE.DE
RENW.DE vs. WDEE.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 Invesco S&P World Energy ESG UCITS ETF Acc (WDEE.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 | WDEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.31 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 9.22 | 2.94 | +6.28 |
| Martin ratioReturn relative to average drawdown | 34.50 | 9.51 | +25.00 |
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 | WDEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 1.75 | +1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.69 | -0.20 |
Drawdowns
RENW.DE vs. WDEE.DE - Drawdown Comparison
The maximum RENW.DE drawdown since its inception was -43.93%, which is greater than WDEE.DE's maximum drawdown of -23.77%. Use the drawdown chart below to compare losses from any high point for RENW.DE and WDEE.DE.
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Drawdown Indicators
| RENW.DE | WDEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -23.77% | -20.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -12.42% | +3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -35.00% | -23.77% | -11.23% |
Max Drawdown (5Y)Largest decline over 5 years | -42.30% | — | — |
Current DrawdownCurrent decline from peak | -3.64% | -4.37% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -17.33% | -7.19% | -10.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 3.85% | -1.54% |
Volatility
RENW.DE vs. WDEE.DE - Volatility Comparison
L&G Clean Energy UCITS ETF (RENW.DE) has a higher volatility of 8.24% compared to Invesco S&P World Energy ESG UCITS ETF Acc (WDEE.DE) at 7.54%. This indicates that RENW.DE's price experiences larger fluctuations and is considered to be riskier than WDEE.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 | WDEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 7.54% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 17.53% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.80% | 20.89% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.02% | 19.94% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.48% | 19.94% | +2.54% |
RENW.DE vs. WDEE.DE - Expense Ratio Comparison
RENW.DE has a 0.49% expense ratio, which is higher than WDEE.DE's 0.18% expense ratio.
Dividends
RENW.DE vs. WDEE.DE - Dividend Comparison
Neither RENW.DE nor WDEE.DE has paid dividends to shareholders.
Frequently Asked Questions
RENW.DE and WDEE.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, WDEE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDEE.DE is cheaper with a 0.18% expense ratio, compared with 0.49% for RENW.DE.
RENW.DE tracks Solactive Clean Energy, while WDEE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy. They also come from different issuers: Legal & General and Invesco. Their fees differ too: 0.49% for RENW.DE and 0.18% for WDEE.DE.
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