RENW.L vs. KSTR.L
RENW.L (L&G Clean Energy UCITS ETF) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - RENW.L tracks the L&G Clean Energy UCITS ETF while KSTR.L tracks the KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. Both are passively managed. Over the past 5 years, RENW.L returned 5.60%/yr vs -0.22%/yr for KSTR.L. At a 0.30 correlation, their price movements are largely independent. RENW.L charges 0.49%/yr vs 0.82%/yr for KSTR.L.
Performance
RENW.L vs. KSTR.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 KSTR.L's 41.53% 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*
- —
KSTR.L
- 1D
- -4.62%
- 1M
- 3.52%
- 6M
- 25.64%
- YTD
- 41.53%
- 1Y
- 93.56%
- 3Y*
- 21.29%
- 5Y*
- -0.22%
- 10Y*
- —
RENW.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RENW.L L&G Clean Energy UCITS ETF | 23.89% | 51.27% | -14.25% | -8.27% | -8.82% | -2.10% |
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF | 41.53% | 42.76% | 5.23% | -18.80% | -38.16% | 2.78% |
Correlation
The correlation between RENW.L and KSTR.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.30 |
The correlation between RENW.L and KSTR.L shifts across timeframes, from 0.30 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RENW.L vs. KSTR.L — Risk / Return Rank
RENW.L
KSTR.L
RENW.L vs. KSTR.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 KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.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 | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.38 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 4.76 | -1.69 |
| Martin ratioReturn relative to average drawdown | 10.60 | 12.21 | -1.60 |
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Drawdowns
RENW.L vs. KSTR.L - Drawdown Comparison
The maximum RENW.L drawdown since its inception was -48.58%, smaller than the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for RENW.L and KSTR.L.
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Drawdown Indicators
| RENW.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -66.67% | +18.09% |
Max Drawdown (1Y)Largest decline over 1 year | -15.66% | -19.42% | +3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -32.48% | -36.60% | +4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -66.38% | +22.61% |
Current DrawdownCurrent decline from peak | -15.34% | -18.75% | +3.41% |
Average DrawdownAverage peak-to-trough decline | -23.62% | -39.83% | +16.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 7.58% | -3.04% |
Volatility
RENW.L vs. KSTR.L - Volatility Comparison
The current volatility for L&G Clean Energy UCITS ETF (RENW.L) is 8.94%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 19.20%. This indicates that RENW.L experiences smaller price fluctuations and is considered to be less risky than KSTR.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 | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 19.20% | -10.26% |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | 33.48% | -12.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.93% | 40.57% | -14.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.75% | 34.52% | -9.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 34.46% | -9.48% |
RENW.L vs. KSTR.L - Expense Ratio Comparison
RENW.L has a 0.49% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
RENW.L vs. KSTR.L - Dividend Comparison
Neither RENW.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
RENW.L and KSTR.L have a correlation of 0.40, 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 0.82% for KSTR.L.
RENW.L tracks L&G Clean Energy UCITS ETF, while KSTR.L tracks KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. They also come from different issuers: L&G and KraneShares. Their fees differ too: 0.49% for RENW.L and 0.82% for KSTR.L.
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