RENW.DE vs. WELP.DE
RENW.DE (L&G Clean Energy UCITS ETF) and WELP.DE (HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF) are both exchange-traded funds - RENW.DE is a Energy Equities fund tracking the Solactive Clean Energy, while WELP.DE is a Health & Biotech Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, RENW.DE returned 14.98%/yr vs 12.49%/yr for WELP.DE. At a 0.25 correlation, their price movements are largely independent. RENW.DE charges 0.49%/yr vs 0.59%/yr for WELP.DE.
Performance
RENW.DE vs. WELP.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 WELP.DE's 25.35% 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*
- —
WELP.DE
- 1D
- 0.00%
- 1M
- -7.19%
- YTD
- 25.35%
- 6M
- 26.72%
- 1Y
- 34.31%
- 3Y*
- 12.49%
- 5Y*
- —
- 10Y*
- —
RENW.DE vs. WELP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RENW.DE L&G Clean Energy UCITS ETF | 35.68% | 35.23% | -9.66% | -11.28% | -5.63% |
WELP.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF | 25.35% | -1.54% | 7.90% | 0.25% | 5.34% |
Correlation
The correlation between RENW.DE and WELP.DE is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.25 |
Over the past year, the correlation between RENW.DE and WELP.DE has dropped to 0.03 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
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Return for Risk
RENW.DE vs. WELP.DE — Risk / Return Rank
RENW.DE
WELP.DE
RENW.DE vs. WELP.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 HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.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 | WELP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.31 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 5.64 | 2.80 | +2.84 |
| Martin ratioReturn relative to average drawdown | 23.78 | 8.57 | +15.21 |
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Drawdowns
RENW.DE vs. WELP.DE - Drawdown Comparison
The maximum RENW.DE drawdown since its inception was -43.92%, which is greater than WELP.DE's maximum drawdown of -23.55%. Use the drawdown chart below to compare losses from any high point for RENW.DE and WELP.DE.
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Drawdown Indicators
| RENW.DE | WELP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.92% | -23.55% | -20.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.46% | -12.22% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -33.83% | -23.55% | -10.28% |
Max Drawdown (5Y)Largest decline over 5 years | -42.32% | — | — |
Current DrawdownCurrent decline from peak | -8.57% | -11.07% | +2.50% |
Average DrawdownAverage peak-to-trough decline | -17.18% | -7.79% | -9.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.99% | -1.03% |
Volatility
RENW.DE vs. WELP.DE - Volatility Comparison
L&G Clean Energy UCITS ETF (RENW.DE) has a higher volatility of 8.43% compared to HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF (WELP.DE) at 6.59%. This indicates that RENW.DE's price experiences larger fluctuations and is considered to be riskier than WELP.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 | WELP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 6.59% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 18.29% | 16.90% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.79% | 19.54% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.22% | 20.07% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.89% | 20.07% | +2.82% |
RENW.DE vs. WELP.DE - Expense Ratio Comparison
RENW.DE has a 0.49% expense ratio, which is lower than WELP.DE's 0.59% expense ratio.
Dividends
RENW.DE vs. WELP.DE - Dividend Comparison
RENW.DE has not paid dividends to shareholders, while WELP.DE's dividend yield for the trailing twelve months is around 3.05%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
RENW.DE L&G Clean Energy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
WELP.DE HANetf HAN-GINS Indxx Healthcare Megatrend Equal Weight UCITS ETF | 3.05% | 3.78% | 3.64% | 0.79% |
Frequently Asked Questions
RENW.DE and WELP.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
RENW.DE is cheaper with a 0.49% expense ratio, compared with 0.59% for WELP.DE.
RENW.DE is categorized as Energy Equities, while WELP.DE is Health & Biotech Equities. RENW.DE tracks Solactive Clean Energy, while WELP.DE tracks MSCI World/Energy NR USD. They also come from different issuers: Legal & General and Amundi. Their fees differ too: 0.49% for RENW.DE and 0.59% for WELP.DE.
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