RENW.L vs. LGJP.L
RENW.L (L&G Clean Energy UCITS ETF) and LGJP.L (L&G Japan Equity UCITS ETF) are both exchange-traded funds - RENW.L is a Global Equities fund tracking the L&G Clean Energy UCITS ETF, while LGJP.L is a Japan Equities fund tracking the L&G Japan Equity UCITS ETF. Both are passively managed. Over the past 5 years, RENW.L returned 5.60%/yr vs 9.51%/yr for LGJP.L. A 0.65 correlation means they provide meaningful diversification when combined. RENW.L charges 0.49%/yr vs 0.10%/yr for LGJP.L.
Performance
RENW.L vs. LGJP.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 LGJP.L's 15.08% 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*
- —
LGJP.L
- 1D
- -0.68%
- 1M
- -0.39%
- 6M
- 9.30%
- YTD
- 15.08%
- 1Y
- 33.92%
- 3Y*
- 17.92%
- 5Y*
- 9.51%
- 10Y*
- —
RENW.L vs. LGJP.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% |
LGJP.L L&G Japan Equity UCITS ETF | 15.08% | 25.67% | 8.35% | 20.25% | -16.76% | 1.05% | 7.47% |
Correlation
The correlation between RENW.L and LGJP.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2020 | 0.65 |
The correlation between RENW.L and LGJP.L has been stable across timeframes, ranging from 0.63 to 0.66 - a consistent structural relationship.
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Return for Risk
RENW.L vs. LGJP.L — Risk / Return Rank
RENW.L
LGJP.L
RENW.L vs. LGJP.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 Japan Equity UCITS ETF (LGJP.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 | LGJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 2.53 | +0.55 |
| Martin ratioReturn relative to average drawdown | 10.60 | 8.18 | +2.42 |
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Drawdowns
RENW.L vs. LGJP.L - Drawdown Comparison
The maximum RENW.L drawdown since its inception was -48.58%, which is greater than LGJP.L's maximum drawdown of -32.19%. Use the drawdown chart below to compare losses from any high point for RENW.L and LGJP.L.
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Drawdown Indicators
| RENW.L | LGJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -32.19% | -16.39% |
Max Drawdown (1Y)Largest decline over 1 year | -15.66% | -13.20% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -32.48% | -14.30% | -18.18% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -32.19% | -11.58% |
Current DrawdownCurrent decline from peak | -15.34% | -3.27% | -12.07% |
Average DrawdownAverage peak-to-trough decline | -23.62% | -7.57% | -16.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 4.08% | +0.46% |
Volatility
RENW.L vs. LGJP.L - Volatility Comparison
L&G Clean Energy UCITS ETF (RENW.L) has a higher volatility of 8.94% compared to L&G Japan Equity UCITS ETF (LGJP.L) at 6.42%. This indicates that RENW.L's price experiences larger fluctuations and is considered to be riskier than LGJP.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 | LGJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 6.42% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | 17.61% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.93% | 21.09% | +4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.75% | 18.15% | +6.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 18.30% | +6.68% |
RENW.L vs. LGJP.L - Expense Ratio Comparison
RENW.L has a 0.49% expense ratio, which is higher than LGJP.L's 0.10% expense ratio.
Dividends
RENW.L vs. LGJP.L - Dividend Comparison
Neither RENW.L nor LGJP.L has paid dividends to shareholders.
Frequently Asked Questions
RENW.L and LGJP.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGJP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGJP.L is cheaper with a 0.10% expense ratio, compared with 0.49% for RENW.L.
RENW.L is categorized as Global Equities, while LGJP.L is Japan Equities. RENW.L tracks L&G Clean Energy UCITS ETF, while LGJP.L tracks L&G Japan Equity UCITS ETF. Their fees differ too: 0.49% for RENW.L and 0.10% for LGJP.L.
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