RENW.L vs. IWVG.L
RENW.L (L&G Clean Energy UCITS ETF) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds - RENW.L tracks the L&G Clean Energy UCITS ETF while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, RENW.L returned 5.60%/yr vs 16.55%/yr for IWVG.L. A 0.69 correlation means they provide meaningful diversification when combined. RENW.L charges 0.49%/yr vs 0.30%/yr for IWVG.L.
Performance
RENW.L vs. IWVG.L - Performance Comparison
Loading charts...
Different Trading Currencies
RENW.L is traded in USD, while IWVG.L is traded in GBP. To make them comparable, the IWVG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, RENW.L achieves a 23.89% return, which is significantly lower than IWVG.L's 29.21% 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*
- —
IWVG.L
- 1D
- -1.38%
- 1M
- -4.12%
- 6M
- 25.30%
- YTD
- 29.21%
- 1Y
- 56.72%
- 3Y*
- 26.65%
- 5Y*
- 16.55%
- 10Y*
- —
RENW.L vs. IWVG.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% |
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 29.21% | 41.17% | 4.80% | 19.04% | -9.76% | 20.14% | 7.22% |
Correlation
The correlation between RENW.L and IWVG.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2020 | 0.69 |
The correlation between RENW.L and IWVG.L has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RENW.L vs. IWVG.L — Risk / Return Rank
RENW.L
IWVG.L
RENW.L vs. IWVG.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 iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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 | IWVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.60 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 6.55 | -3.48 |
| Martin ratioReturn relative to average drawdown | 10.60 | 23.13 | -12.52 |
Loading charts...
Drawdowns
RENW.L vs. IWVG.L - Drawdown Comparison
The maximum RENW.L drawdown since its inception was -48.58%, which is greater than IWVG.L's maximum drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for RENW.L and IWVG.L.
Loading charts...
Drawdown Indicators
| RENW.L | IWVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -35.79% | -12.79% |
Max Drawdown (1Y)Largest decline over 1 year | -15.66% | -8.62% | -7.04% |
Max Drawdown (3Y)Largest decline over 3 years | -32.48% | -14.64% | -17.84% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -26.94% | -16.83% |
Current DrawdownCurrent decline from peak | -15.34% | -4.24% | -11.10% |
Average DrawdownAverage peak-to-trough decline | -23.62% | -6.64% | -16.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 2.45% | +2.09% |
Volatility
RENW.L vs. IWVG.L - Volatility Comparison
L&G Clean Energy UCITS ETF (RENW.L) has a higher volatility of 8.94% compared to iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) at 6.03%. This indicates that RENW.L's price experiences larger fluctuations and is considered to be riskier than IWVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RENW.L | IWVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 6.03% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | 13.95% | +6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.93% | 16.24% | +9.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.75% | 15.95% | +8.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 17.66% | +7.32% |
RENW.L vs. IWVG.L - Expense Ratio Comparison
RENW.L has a 0.49% expense ratio, which is higher than IWVG.L's 0.30% expense ratio.
Dividends
RENW.L vs. IWVG.L - Dividend Comparison
RENW.L has not paid dividends to shareholders, while IWVG.L's dividend yield for the trailing twelve months is around 1.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.93% | 2.48% | 3.12% | 3.22% | 3.11% | 2.61% | 2.37% | 2.90% | 2.48% |
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% |
Frequently Asked Questions
RENW.L and IWVG.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWVG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWVG.L is cheaper with a 0.30% expense ratio, compared with 0.49% for RENW.L.
RENW.L tracks L&G Clean Energy UCITS ETF, while IWVG.L tracks MSCI ACWI Value NR USD. They also come from different issuers: L&G and iShares. Their fees differ too: 0.49% for RENW.L and 0.30% for IWVG.L.
Find the right allocation for RENW.L and IWVG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer