RENW.L vs. CTEK.L
RENW.L (L&G Clean Energy UCITS ETF USD (Acc)) and CTEK.L (Global X CleanTech UCITS ETF USD (Acc)) are both Alternative Energy Equities funds - RENW.L tracks the Solactive Clean Energy Index NTR while CTEK.L tracks the Indxx Global CleanTech v2 Index. Both are passively managed. Over the past 3 years, RENW.L returned 13.16%/yr vs -7.53%/yr for CTEK.L. Their correlation of 0.86 suggests significant overlap in exposure. RENW.L charges 0.49%/yr vs 0.50%/yr for CTEK.L.
Performance
RENW.L vs. CTEK.L - Performance Comparison
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Returns By Period
In the year-to-date period, RENW.L achieves a 22.11% return, which is significantly higher than CTEK.L's 6.99% return.
RENW.L
- 1D
- -1.07%
- 1M
- -10.32%
- 6M
- 13.78%
- YTD
- 22.11%
- 1Y
- 44.29%
- 3Y*
- 13.16%
- 5Y*
- 5.30%
- 10Y*
- —
CTEK.L
- 1D
- -1.98%
- 1M
- -17.77%
- 6M
- -5.18%
- YTD
- 6.99%
- 1Y
- 39.87%
- 3Y*
- -7.53%
- 5Y*
- —
- 10Y*
- —
RENW.L vs. CTEK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RENW.L L&G Clean Energy UCITS ETF USD (Acc) | 22.11% | 51.27% | -14.25% | -8.27% | -8.82% | -8.29% |
CTEK.L Global X CleanTech UCITS ETF USD (Acc) | 6.99% | 53.41% | -33.55% | -21.76% | -17.31% | -19.38% |
Correlation
The correlation between RENW.L and CTEK.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.86 |
The correlation between RENW.L and CTEK.L has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
RENW.L vs. CTEK.L — Risk / Return Rank
RENW.L
CTEK.L
RENW.L vs. CTEK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Energy UCITS ETF USD (Acc) (RENW.L) and Global X CleanTech UCITS ETF USD (Acc) (CTEK.L). 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.L | CTEK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.18 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.37 | +1.29 |
| Martin ratioReturn relative to average drawdown | 9.46 | 4.17 | +5.30 |
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Drawdowns
RENW.L vs. CTEK.L - Drawdown Comparison
The maximum RENW.L drawdown since its inception was -48.58%, smaller than the maximum CTEK.L drawdown of -73.85%. Use the drawdown chart below to compare losses from any high point for RENW.L and CTEK.L.
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Drawdown Indicators
| RENW.L | CTEK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -73.85% | +25.27% |
Max Drawdown (1Y)Largest decline over 1 year | -16.56% | -28.89% | +12.33% |
Max Drawdown (3Y)Largest decline over 3 years | -32.48% | -63.73% | +31.25% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | — | — |
Current DrawdownCurrent decline from peak | -16.56% | -43.11% | +26.55% |
Average DrawdownAverage peak-to-trough decline | -23.61% | -44.62% | +21.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 9.54% | -4.87% |
Volatility
RENW.L vs. CTEK.L - Volatility Comparison
The current volatility for L&G Clean Energy UCITS ETF USD (Acc) (RENW.L) is 8.97%, while Global X CleanTech UCITS ETF USD (Acc) (CTEK.L) has a volatility of 13.53%. This indicates that RENW.L experiences smaller price fluctuations and is considered to be less risky than CTEK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RENW.L | CTEK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.97% | 13.53% | -4.56% |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | 28.76% | -7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.96% | 38.62% | -12.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.75% | 36.97% | -12.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 36.97% | -11.99% |
RENW.L vs. CTEK.L - Expense Ratio Comparison
RENW.L has a 0.49% expense ratio, which is lower than CTEK.L's 0.50% expense ratio.
Dividends
RENW.L vs. CTEK.L - Dividend Comparison
Neither RENW.L nor CTEK.L has paid dividends to shareholders.
Frequently Asked Questions
RENW.L and CTEK.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RENW.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RENW.L is cheaper with a 0.49% expense ratio, compared with 0.50% for CTEK.L.
RENW.L tracks Solactive Clean Energy Index NTR, while CTEK.L tracks Indxx Global CleanTech v2 Index. They also come from different issuers: L&G and Global X. Their fees differ too: 0.49% for RENW.L and 0.50% for CTEK.L.
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