RENW.L vs. NXTG.L
RENW.L (L&G Clean Energy UCITS ETF) and NXTG.L (First Trust Indxx NextG UCITS ETF) are both Global Equities funds - RENW.L tracks the L&G Clean Energy UCITS ETF while NXTG.L tracks the First Trust Indxx NextG UCITS ETF. Both are passively managed. Over the past 5 years, RENW.L returned 5.60%/yr vs 9.05%/yr for NXTG.L. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
RENW.L vs. NXTG.L - Performance Comparison
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Different Trading Currencies
RENW.L is traded in USD, while NXTG.L is traded in GBp. To make them comparable, the NXTG.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 NXTG.L's 38.59% 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*
- —
NXTG.L
- 1D
- -0.25%
- 1M
- -5.49%
- 6M
- 35.96%
- YTD
- 38.59%
- 1Y
- 56.79%
- 3Y*
- 17.63%
- 5Y*
- 9.05%
- 10Y*
- 7.11%
RENW.L vs. NXTG.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% |
NXTG.L First Trust Indxx NextG UCITS ETF | 38.59% | 28.23% | 13.05% | 5.58% | -32.47% | 14.83% | 6.51% |
Correlation
The correlation between RENW.L and NXTG.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 | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2020 | 0.62 |
The correlation between RENW.L and NXTG.L shifts across timeframes, from 0.62 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RENW.L vs. NXTG.L — Risk / Return Rank
RENW.L
NXTG.L
RENW.L vs. NXTG.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 First Trust Indxx NextG UCITS ETF (NXTG.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 | NXTG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.46 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 2.29 | +0.79 |
| Martin ratioReturn relative to average drawdown | 10.60 | 4.79 | +5.82 |
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Drawdowns
RENW.L vs. NXTG.L - Drawdown Comparison
The maximum RENW.L drawdown since its inception was -48.58%, smaller than the maximum NXTG.L drawdown of -54.89%. Use the drawdown chart below to compare losses from any high point for RENW.L and NXTG.L.
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Drawdown Indicators
| RENW.L | NXTG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -54.89% | +6.31% |
Max Drawdown (1Y)Largest decline over 1 year | -15.66% | -24.85% | +9.19% |
Max Drawdown (3Y)Largest decline over 3 years | -32.48% | -32.80% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -45.46% | +1.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.89% | — |
Current DrawdownCurrent decline from peak | -15.34% | -10.07% | -5.27% |
Average DrawdownAverage peak-to-trough decline | -23.62% | -26.87% | +3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 11.89% | -7.35% |
Volatility
RENW.L vs. NXTG.L - Volatility Comparison
L&G Clean Energy UCITS ETF (RENW.L) has a higher volatility of 8.94% compared to First Trust Indxx NextG UCITS ETF (NXTG.L) at 6.74%. This indicates that RENW.L's price experiences larger fluctuations and is considered to be riskier than NXTG.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 | NXTG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 6.74% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | 16.85% | +3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.93% | 47.00% | -21.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.75% | 44.57% | -19.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 34.76% | -9.78% |
Dividends
RENW.L vs. NXTG.L - Dividend Comparison
Neither RENW.L nor NXTG.L has paid dividends to shareholders.
Frequently Asked Questions
RENW.L and NXTG.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.
RENW.L tracks L&G Clean Energy UCITS ETF, while NXTG.L tracks First Trust Indxx NextG UCITS ETF. They also come from different issuers: L&G and First Trust.
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