RENW.L vs. LGGL.L
RENW.L (L&G Clean Energy UCITS ETF) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds from L&G - RENW.L tracks the L&G Clean Energy UCITS ETF while LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, RENW.L returned 5.60%/yr vs 11.81%/yr for LGGL.L. A 0.73 correlation means they provide meaningful diversification when combined. RENW.L charges 0.49%/yr vs 0.10%/yr for LGGL.L.
Performance
RENW.L vs. LGGL.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 higher than LGGL.L's 10.31% 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*
- —
LGGL.L
- 1D
- 0.04%
- 1M
- 0.18%
- 6M
- 9.21%
- YTD
- 10.31%
- 1Y
- 22.17%
- 3Y*
- 19.11%
- 5Y*
- 11.81%
- 10Y*
- —
RENW.L vs. LGGL.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% |
LGGL.L L&G Global Equity UCITS ETF | 10.31% | 21.18% | 19.20% | 25.02% | -18.03% | 21.94% | 7.02% |
Correlation
The correlation between RENW.L and LGGL.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 | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2020 | 0.73 |
The correlation between RENW.L and LGGL.L has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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Return for Risk
RENW.L vs. LGGL.L — Risk / Return Rank
RENW.L
LGGL.L
RENW.L vs. LGGL.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 L&G Global Equity UCITS ETF (LGGL.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 | LGGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 2.62 | +0.45 |
| Martin ratioReturn relative to average drawdown | 10.60 | 10.81 | -0.20 |
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Drawdowns
RENW.L vs. LGGL.L - Drawdown Comparison
The maximum RENW.L drawdown since its inception was -48.58%, which is greater than LGGL.L's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for RENW.L and LGGL.L.
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Drawdown Indicators
| RENW.L | LGGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -33.89% | -14.69% |
Max Drawdown (1Y)Largest decline over 1 year | -15.66% | -8.42% | -7.24% |
Max Drawdown (3Y)Largest decline over 3 years | -32.48% | -17.79% | -14.69% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -25.76% | -18.01% |
Current DrawdownCurrent decline from peak | -15.34% | -0.07% | -15.27% |
Average DrawdownAverage peak-to-trough decline | -23.62% | -4.91% | -18.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 2.05% | +2.49% |
Volatility
RENW.L vs. LGGL.L - Volatility Comparison
L&G Clean Energy UCITS ETF (RENW.L) has a higher volatility of 8.94% compared to L&G Global Equity UCITS ETF (LGGL.L) at 2.85%. This indicates that RENW.L's price experiences larger fluctuations and is considered to be riskier than LGGL.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 | LGGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 2.85% | +6.09% |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | 9.86% | +10.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.93% | 12.27% | +13.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.75% | 15.65% | +9.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 17.10% | +7.88% |
RENW.L vs. LGGL.L - Expense Ratio Comparison
RENW.L has a 0.49% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.
Dividends
RENW.L vs. LGGL.L - Dividend Comparison
Neither RENW.L nor LGGL.L has paid dividends to shareholders.
Frequently Asked Questions
RENW.L and LGGL.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, LGGL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.49% for RENW.L.
RENW.L tracks L&G Clean Energy UCITS ETF, while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Their fees differ too: 0.49% for RENW.L and 0.10% for LGGL.L.
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