RENW.L vs. HKOD.L
RENW.L (L&G Clean Energy UCITS ETF) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - RENW.L tracks the L&G Clean Energy UCITS ETF while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 5 years, RENW.L returned 5.60%/yr vs 14.71%/yr for HKOD.L. A 0.59 correlation means they provide meaningful diversification when combined. RENW.L charges 0.49%/yr vs 0.50%/yr for HKOD.L.
Performance
RENW.L vs. HKOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, RENW.L achieves a 23.89% return, which is significantly lower than HKOD.L's 70.37% return.
RENW.L
- 1D
- -1.20%
- 1M
- -8.42%
- 6M
- 17.61%
- YTD
- 23.89%
- 1Y
- 47.17%
- 3Y*
- 14.14%
- 5Y*
- 5.60%
- 10Y*
- —
HKOD.L
- 1D
- -1.67%
- 1M
- -20.60%
- 6M
- 52.67%
- YTD
- 70.37%
- 1Y
- 138.83%
- 3Y*
- 37.85%
- 5Y*
- 14.71%
- 10Y*
- 14.34%
RENW.L vs. HKOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RENW.L L&G Clean Energy UCITS ETF | 23.89% | 51.27% | -14.25% | -8.27% | -8.82% | -7.46% | 24.52% |
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 70.37% | 99.54% | -22.90% | 19.95% | -28.44% | -8.49% | 24.34% |
Correlation
The correlation between RENW.L and HKOD.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2020 | 0.60 |
The correlation between RENW.L and HKOD.L has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.
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Return for Risk
RENW.L vs. HKOD.L — Risk / Return Rank
RENW.L
HKOD.L
RENW.L vs. HKOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Energy UCITS ETF (RENW.L) and HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.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 | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.45 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 5.77 | -2.70 |
| Martin ratioReturn relative to average drawdown | 10.60 | 17.93 | -7.32 |
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Drawdowns
RENW.L vs. HKOD.L - Drawdown Comparison
The maximum RENW.L drawdown since its inception was -48.58%, roughly equal to the maximum HKOD.L drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for RENW.L and HKOD.L.
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Drawdown Indicators
| RENW.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -50.54% | +1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -15.66% | -24.00% | +8.34% |
Max Drawdown (3Y)Largest decline over 3 years | -32.48% | -29.48% | -3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -47.65% | +3.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.54% | — |
Current DrawdownCurrent decline from peak | -15.34% | -24.00% | +8.66% |
Average DrawdownAverage peak-to-trough decline | -23.62% | -18.79% | -4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 7.75% | -3.21% |
Volatility
RENW.L vs. HKOD.L - Volatility Comparison
The current volatility for L&G Clean Energy UCITS ETF (RENW.L) is 8.94%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that RENW.L experiences smaller price fluctuations and is considered to be less risky than HKOD.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 | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 20.20% | -11.26% |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | 41.23% | -20.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.93% | 45.10% | -19.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.75% | 29.74% | -4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 26.96% | -1.98% |
RENW.L vs. HKOD.L - Expense Ratio Comparison
RENW.L has a 0.49% expense ratio, which is lower than HKOD.L's 0.50% expense ratio.
Dividends
RENW.L vs. HKOD.L - Dividend Comparison
RENW.L has not paid dividends to shareholders, while HKOD.L's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 0.43% | 0.68% | 1.54% | 1.08% | 0.72% | 0.61% | 0.02% | 0.29% | 0.56% | 0.10% |
RENW.L 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% |
Frequently Asked Questions
RENW.L and HKOD.L have a correlation of 0.62, 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 HKOD.L.
RENW.L tracks L&G Clean Energy UCITS ETF, while HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF. They also come from different issuers: L&G and HSBC. Their fees differ too: 0.49% for RENW.L and 0.50% for HKOD.L.
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