RENW.DE vs. WNDY.DE
RENW.DE (L&G Clean Energy UCITS ETF) and WNDY.DE (Global X Wind Energy UCITS ETF USD Accumulating) are both Energy Equities funds - RENW.DE tracks the Solactive Clean Energy while WNDY.DE tracks the Solactive Wind Energy. Both are passively managed. Over the past 3 years, RENW.DE returned 15.60%/yr vs -0.54%/yr for WNDY.DE. A 0.60 correlation means they provide meaningful diversification when combined. RENW.DE charges 0.49%/yr vs 0.50%/yr for WNDY.DE.
Performance
RENW.DE vs. WNDY.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 WNDY.DE's 17.83% 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*
- —
WNDY.DE
- 1D
- -2.17%
- 1M
- -7.39%
- YTD
- 17.83%
- 6M
- 17.94%
- 1Y
- 39.82%
- 3Y*
- -0.54%
- 5Y*
- —
- 10Y*
- —
RENW.DE vs. WNDY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RENW.DE L&G Clean Energy UCITS ETF | 43.00% | 35.27% | -9.64% | -11.30% | 5.11% |
WNDY.DE Global X Wind Energy UCITS ETF USD Accumulating | 17.83% | 17.05% | -14.98% | -22.01% | -8.38% |
Correlation
The correlation between RENW.DE and WNDY.DE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.60 |
The correlation between RENW.DE and WNDY.DE has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
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Return for Risk
RENW.DE vs. WNDY.DE — Risk / Return Rank
RENW.DE
WNDY.DE
RENW.DE vs. WNDY.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 Global X Wind Energy UCITS ETF USD Accumulating (WNDY.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 | WNDY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.34 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 9.22 | 4.67 | +4.55 |
| Martin ratioReturn relative to average drawdown | 34.50 | 14.81 | +19.70 |
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 | WNDY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 1.96 | +1.53 |
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 | -0.19 | +0.68 |
Drawdowns
RENW.DE vs. WNDY.DE - Drawdown Comparison
The maximum RENW.DE drawdown since its inception was -43.93%, smaller than the maximum WNDY.DE drawdown of -52.12%. Use the drawdown chart below to compare losses from any high point for RENW.DE and WNDY.DE.
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Drawdown Indicators
| RENW.DE | WNDY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -52.12% | +8.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -8.45% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -35.00% | -37.87% | +2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -42.30% | — | — |
Current DrawdownCurrent decline from peak | -3.64% | -23.24% | +19.60% |
Average DrawdownAverage peak-to-trough decline | -17.33% | -30.02% | +12.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.67% | -0.36% |
Volatility
RENW.DE vs. WNDY.DE - Volatility Comparison
L&G Clean Energy UCITS ETF (RENW.DE) has a higher volatility of 8.24% compared to Global X Wind Energy UCITS ETF USD Accumulating (WNDY.DE) at 5.39%. This indicates that RENW.DE's price experiences larger fluctuations and is considered to be riskier than WNDY.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 | WNDY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 5.39% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 14.34% | +2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.80% | 20.15% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.02% | 21.04% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.48% | 21.04% | +1.44% |
RENW.DE vs. WNDY.DE - Expense Ratio Comparison
RENW.DE has a 0.49% expense ratio, which is lower than WNDY.DE's 0.50% expense ratio.
Dividends
RENW.DE vs. WNDY.DE - Dividend Comparison
Neither RENW.DE nor WNDY.DE has paid dividends to shareholders.
Frequently Asked Questions
RENW.DE and WNDY.DE have a correlation of 0.56, 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 0.50% for WNDY.DE.
RENW.DE tracks Solactive Clean Energy, while WNDY.DE tracks Solactive Wind Energy. They also come from different issuers: Legal & General and Global X. Their fees differ too: 0.49% for RENW.DE and 0.50% for WNDY.DE.
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