RENW.L vs. SPXS.L
RENW.L (L&G Clean Energy UCITS ETF) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - RENW.L tracks the L&G Clean Energy UCITS ETF while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 5 years, RENW.L returned 5.60%/yr vs -54.94%/yr for SPXS.L. A 0.67 correlation means they provide meaningful diversification when combined. RENW.L charges 0.49%/yr vs 0.05%/yr for SPXS.L.
Performance
RENW.L vs. SPXS.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 SPXS.L's 10.20% 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*
- —
SPXS.L
- 1D
- -0.12%
- 1M
- -0.05%
- 6M
- 9.96%
- YTD
- 10.20%
- 1Y
- -98.78%
- 3Y*
- -74.11%
- 5Y*
- -54.94%
- 10Y*
- -27.39%
RENW.L vs. SPXS.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% |
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 5.75% |
Correlation
The correlation between RENW.L and SPXS.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2020 | 0.67 |
The correlation between RENW.L and SPXS.L has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.
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Return for Risk
RENW.L vs. SPXS.L — Risk / Return Rank
RENW.L
SPXS.L
RENW.L vs. SPXS.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 Invesco S&P 500 UCITS ETF (SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.85 | ||
| Sortino ratioReturn per unit of downside risk | +3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.52 | +0.79 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | -1.00 | +4.07 |
| Martin ratioReturn relative to average drawdown | 10.60 | -1.23 | +11.83 |
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Drawdowns
RENW.L vs. SPXS.L - Drawdown Comparison
The maximum RENW.L drawdown since its inception was -48.58%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for RENW.L and SPXS.L.
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Drawdown Indicators
| RENW.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -99.07% | +50.49% |
Max Drawdown (1Y)Largest decline over 1 year | -15.66% | -99.07% | +83.41% |
Max Drawdown (3Y)Largest decline over 3 years | -32.48% | -99.07% | +66.59% |
Max Drawdown (5Y)Largest decline over 5 years | -43.77% | -99.07% | +55.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -15.34% | -98.90% | +83.56% |
Average DrawdownAverage peak-to-trough decline | -23.62% | -7.67% | -15.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 80.57% | -76.03% |
Volatility
RENW.L vs. SPXS.L - Volatility Comparison
L&G Clean Energy UCITS ETF (RENW.L) has a higher volatility of 8.94% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.73%. This indicates that RENW.L's price experiences larger fluctuations and is considered to be riskier than SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 2.73% | +6.21% |
Volatility (6M)Calculated over the trailing 6-month period | 20.76% | 9.24% | +11.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.93% | 99.43% | -73.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.75% | 47.13% | -22.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 35.27% | -10.29% |
RENW.L vs. SPXS.L - Expense Ratio Comparison
RENW.L has a 0.49% expense ratio, which is higher than SPXS.L's 0.05% expense ratio.
Dividends
RENW.L vs. SPXS.L - Dividend Comparison
Neither RENW.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
RENW.L and SPXS.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.49% for RENW.L.
RENW.L tracks L&G Clean Energy UCITS ETF, while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: L&G and Invesco. Their fees differ too: 0.49% for RENW.L and 0.05% for SPXS.L.
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