Correlation
The correlation between RNEW and BKGI is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
RNEW vs. BKGI
Compare and contrast key facts about VanEck Green Infrastructure ETF (RNEW) and Bny Mellon Global Infrastructure Income ETF (BKGI).
RNEW and BKGI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RNEW is a passively managed fund by VanEck that tracks the performance of the Indxx US Green Infrastructure - MCAP Weighted Index - Benchmark TR Gross. It was launched on Oct 18, 2022. BKGI is an actively managed fund by BNY Mellon. It was launched on Nov 2, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNEW or BKGI.
Performance
RNEW vs. BKGI - Performance Comparison
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Key characteristics
RNEW:
0.03
BKGI:
1.99
RNEW:
0.22
BKGI:
2.46
RNEW:
1.03
BKGI:
1.37
RNEW:
0.04
BKGI:
2.89
RNEW:
0.12
BKGI:
10.75
RNEW:
7.16%
BKGI:
2.79%
RNEW:
23.34%
BKGI:
15.51%
RNEW:
-25.83%
BKGI:
-14.79%
RNEW:
-10.97%
BKGI:
-0.47%
Returns By Period
In the year-to-date period, RNEW achieves a -1.63% return, which is significantly lower than BKGI's 25.72% return.
RNEW
-1.63%
4.19%
-5.58%
0.19%
N/A
N/A
N/A
BKGI
25.72%
4.82%
19.45%
28.90%
N/A
N/A
N/A
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RNEW vs. BKGI - Expense Ratio Comparison
RNEW has a 0.46% expense ratio, which is lower than BKGI's 0.65% expense ratio.
Risk-Adjusted Performance
RNEW vs. BKGI — Risk-Adjusted Performance Rank
RNEW
BKGI
RNEW vs. BKGI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Green Infrastructure ETF (RNEW) and Bny Mellon Global Infrastructure Income ETF (BKGI). 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.
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Dividends
RNEW vs. BKGI - Dividend Comparison
RNEW's dividend yield for the trailing twelve months is around 0.81%, less than BKGI's 3.00% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
RNEW VanEck Green Infrastructure ETF | 0.81% | 0.80% | 0.86% | 0.25% |
BKGI Bny Mellon Global Infrastructure Income ETF | 3.00% | 4.54% | 4.55% | 0.53% |
Drawdowns
RNEW vs. BKGI - Drawdown Comparison
The maximum RNEW drawdown since its inception was -25.83%, which is greater than BKGI's maximum drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for RNEW and BKGI.
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Volatility
RNEW vs. BKGI - Volatility Comparison
VanEck Green Infrastructure ETF (RNEW) has a higher volatility of 5.23% compared to Bny Mellon Global Infrastructure Income ETF (BKGI) at 3.41%. This indicates that RNEW's price experiences larger fluctuations and is considered to be riskier than BKGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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