RENW.L vs. LUK2.L
RENW.L (L&G Clean Energy UCITS ETF USD (Acc)) and LUK2.L (L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc)) are both exchange-traded funds - RENW.L is a Alternative Energy Equities fund tracking the Solactive Clean Energy Index NTR, while LUK2.L is a Leveraged Equities fund tracking the FTSE 100 Daily Leveraged Index. Both are passively managed. Over the past 5 years, RENW.L returned 5.30%/yr vs 16.78%/yr for LUK2.L. A 0.59 correlation means they provide meaningful diversification when combined. RENW.L charges 0.49%/yr vs 0.50%/yr for LUK2.L.
Performance
RENW.L vs. LUK2.L - Performance Comparison
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Different Trading Currencies
RENW.L is traded in USD, while LUK2.L is traded in GBp. To make them comparable, the LUK2.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 22.11% return, which is significantly higher than LUK2.L's 12.79% return.
RENW.L
- 1D
- -1.07%
- 1M
- -10.32%
- 6M
- 13.78%
- YTD
- 22.11%
- 1Y
- 44.29%
- 3Y*
- 13.16%
- 5Y*
- 5.30%
- 10Y*
- —
LUK2.L
- 1D
- 0.46%
- 1M
- 2.55%
- 6M
- 7.10%
- YTD
- 12.79%
- 1Y
- 36.40%
- 3Y*
- 25.34%
- 5Y*
- 16.78%
- 10Y*
- 10.80%
RENW.L vs. LUK2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RENW.L L&G Clean Energy UCITS ETF USD (Acc) | 22.11% | 51.27% | -14.25% | -8.27% | -8.82% | -7.46% | 24.52% |
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) | 12.79% | 54.57% | 7.98% | 12.21% | -7.34% | 33.53% | 8.30% |
Correlation
The correlation between RENW.L and LUK2.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
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 | 0.59 |
The correlation between RENW.L and LUK2.L shifts across timeframes, from 0.49 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RENW.L vs. LUK2.L — Risk / Return Rank
RENW.L
LUK2.L
RENW.L vs. LUK2.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Energy UCITS ETF USD (Acc) (RENW.L) and L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.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 | LUK2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.92 | +0.74 |
| Martin ratioReturn relative to average drawdown | 9.46 | 5.46 | +4.01 |
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Drawdowns
RENW.L vs. LUK2.L - Drawdown Comparison
The maximum RENW.L drawdown since its inception was -48.58%, smaller than the maximum LUK2.L drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for RENW.L and LUK2.L.
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Drawdown Indicators
| RENW.L | LUK2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -64.37% | +15.79% |
Max Drawdown (1Y)Largest decline over 1 year | -16.56% | -18.89% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -32.48% | -25.12% | -7.36% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -34.17% | -9.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.37% | — |
Current DrawdownCurrent decline from peak | -16.56% | -6.38% | -10.18% |
Average DrawdownAverage peak-to-trough decline | -23.61% | -13.04% | -10.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 6.65% | -1.98% |
Volatility
RENW.L vs. LUK2.L - Volatility Comparison
L&G Clean Energy UCITS ETF USD (Acc) (RENW.L) has a higher volatility of 8.97% compared to L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.L) at 5.99%. This indicates that RENW.L's price experiences larger fluctuations and is considered to be riskier than LUK2.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 | LUK2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.97% | 5.99% | +2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 20.81% | 20.97% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.96% | 24.17% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.75% | 28.28% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 31.33% | -6.35% |
RENW.L vs. LUK2.L - Expense Ratio Comparison
RENW.L has a 0.49% expense ratio, which is lower than LUK2.L's 0.50% expense ratio.
Dividends
RENW.L vs. LUK2.L - Dividend Comparison
Neither RENW.L nor LUK2.L has paid dividends to shareholders.
Frequently Asked Questions
RENW.L and LUK2.L have a correlation of 0.49, 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 LUK2.L.
RENW.L is categorized as Alternative Energy Equities, while LUK2.L is Leveraged Equities. RENW.L tracks Solactive Clean Energy Index NTR, while LUK2.L tracks FTSE 100 Daily Leveraged Index. Their fees differ too: 0.49% for RENW.L and 0.50% for LUK2.L.
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