RGEF vs. LENS

Last updated Jun 23, 2026

RGEF (Rockefeller Global Equity ETF) and LENS (Sarmaya Thematic ETF) are both Global Equities funds. Both are actively managed. Over the past year, RGEF returned 32.12% vs 47.02% for LENS. At a 0.39 correlation, their price movements are largely independent. RGEF charges 0.55%/yr vs 0.79%/yr for LENS.

Performance

RGEF vs. LENS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rockefeller Global Equity ETF (RGEF) and Sarmaya Thematic ETF (LENS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RGEF achieves a 14.40% return, which is significantly higher than LENS's 5.02% return.

RGEF

• 1D: -0.59%
• 1M: 2.37%
• YTD: 14.40%
• 6M: 14.79%
• 1Y: 32.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LENS

• 1D: -0.52%
• 1M: -7.84%
• YTD: 5.02%
• 6M: 2.93%
• 1Y: 47.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RGEF vs. LENS - Yearly Performance Comparison

	2026 (YTD)	2025
RGEF Rockefeller Global Equity ETF	14.40%	19.13%
LENS Sarmaya Thematic ETF	5.02%	56.41%

Correlation

The correlation between RGEF and LENS is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jan 29, 2025	0.39

Return for Risk

RGEF vs. LENS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RGEF

RGEF Risk / Return Rank: 70
RGEF Sharpe Ratio Rank: 71
RGEF Sortino Ratio Rank: 70
RGEF Omega Ratio Rank: 68
RGEF Calmar Ratio Rank: 67
RGEF Martin Ratio Rank: 76

LENS

LENS Risk / Return Rank: 46
LENS Sharpe Ratio Rank: 51
LENS Sortino Ratio Rank: 42
LENS Omega Ratio Rank: 49
LENS Calmar Ratio Rank: 48
LENS Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RGEF vs. LENS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rockefeller Global Equity ETF (RGEF) and Sarmaya Thematic ETF (LENS). 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.

	RGEF	LENS	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.71	+0.49
Sortino ratio: Return per unit of downside risk	3.05	2.09	+0.96
Omega ratio: Gain probability vs. loss probability	1.39	1.31	+0.09
Calmar ratio: Return relative to maximum drawdown	3.24	2.31	+0.94
Martin ratio: Return relative to average drawdown	14.16	6.43	+7.73

RGEF vs. LENS - Sharpe Ratio Comparison

The current RGEF Sharpe Ratio is 2.21, which is comparable to the LENS Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of RGEF and LENS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RGEF vs. LENS - Drawdown Comparison

The maximum RGEF drawdown since its inception was -16.01%, smaller than the maximum LENS drawdown of -20.49%. Use the drawdown chart below to compare losses from any high point for RGEF and LENS.

Drawdown Indicators

	RGEF	LENS	Difference
Max Drawdown Largest peak-to-trough decline	-16.01%	-20.49%	+4.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.95%	-20.49%	+10.54%
Current Drawdown Current decline from peak	-0.59%	-19.96%	+19.37%
Average Drawdown Average peak-to-trough decline	-1.79%	-4.19%	+2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	7.33%	-5.06%

Volatility

RGEF vs. LENS - Volatility Comparison

The current volatility for Rockefeller Global Equity ETF (RGEF) is 5.76%, while Sarmaya Thematic ETF (LENS) has a volatility of 8.23%. This indicates that RGEF experiences smaller price fluctuations and is considered to be less risky than LENS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RGEF	LENS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	8.23%	-2.47%
Volatility (6M) Calculated over the trailing 6-month period	12.20%	23.03%	-10.83%
Volatility (1Y) Calculated over the trailing 1-year period	14.65%	27.62%	-12.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.06%	25.83%	-8.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.06%	25.83%	-8.77%

RGEF vs. LENS - Expense Ratio Comparison

RGEF has a 0.55% expense ratio, which is lower than LENS's 0.79% expense ratio.

Dividends

RGEF vs. LENS - Dividend Comparison

RGEF's dividend yield for the trailing twelve months is around 0.88%, less than LENS's 1.52% yield.

Position	TTM	2025	2024
LENS Sarmaya Thematic ETF	1.52%	1.60%	0.00%
RGEF Rockefeller Global Equity ETF	0.88%	0.92%	0.29%

Frequently Asked Questions

Can I hold both RGEF and LENS in my portfolio?

RGEF and LENS have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RGEF or LENS?

LENS has higher volatility (8.23%) compared to RGEF (5.76%). In terms of maximum drawdown, RGEF dropped -16.01% vs LENS's -20.49%.

Which ETF is better, RGEF or LENS?

On 1-year performance, LENS leads with 47.02% vs 32.12% for RGEF. On fees, RGEF is cheaper at 0.55% per year. On volatility, RGEF has been the lower-risk option at 5.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RGEF or LENS?

Over the 1-year period, LENS has performed better with a 47.02% return vs 32.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RGEF or LENS?

RGEF is cheaper with a 0.55% expense ratio, compared with 0.79% for LENS.

Which ETF pays a higher dividend yield, RGEF or LENS?

LENS has the higher dividend yield at 1.52%, compared with 0.88% for RGEF.

What is the main difference between RGEF and LENS?

They also come from different issuers: Rockefeller and Sarmaya Partners. Their fees differ too: 0.55% for RGEF and 0.79% for LENS.

Which has better risk-adjusted returns?

RGEF currently has the higher Sharpe Ratio (2.21 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.