RNEW vs. SPY
Compare and contrast key facts about VanEck Green Infrastructure ETF (RNEW) and SPDR S&P 500 ETF (SPY).
RNEW and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both RNEW and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNEW or SPY.
Correlation
The correlation between RNEW and SPY is 0.70, 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.
Performance
RNEW vs. SPY - Performance Comparison
Key characteristics
RNEW:
0.37
SPY:
0.57
RNEW:
0.69
SPY:
0.94
RNEW:
1.08
SPY:
1.14
RNEW:
0.38
SPY:
0.61
RNEW:
1.29
SPY:
2.48
RNEW:
6.83%
SPY:
4.63%
RNEW:
23.66%
SPY:
20.07%
RNEW:
-25.83%
SPY:
-55.19%
RNEW:
-13.96%
SPY:
-9.29%
Returns By Period
The year-to-date returns for both stocks are quite close, with RNEW having a -4.93% return and SPY slightly lower at -5.13%.
RNEW
-4.93%
1.68%
-0.81%
6.43%
N/A
N/A
SPY
-5.13%
-0.24%
-4.11%
10.06%
15.53%
12.11%
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RNEW vs. SPY - Expense Ratio Comparison
RNEW has a 0.46% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RNEW vs. SPY — Risk-Adjusted Performance Rank
RNEW
SPY
RNEW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Green Infrastructure ETF (RNEW) and SPDR S&P 500 ETF (SPY). 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.
Dividends
RNEW vs. SPY - Dividend Comparison
RNEW's dividend yield for the trailing twelve months is around 0.84%, less than SPY's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNEW VanEck Green Infrastructure ETF | 0.84% | 0.80% | 0.86% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.29% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RNEW vs. SPY - Drawdown Comparison
The maximum RNEW drawdown since its inception was -25.83%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RNEW and SPY. For additional features, visit the drawdowns tool.
Volatility
RNEW vs. SPY - Volatility Comparison
The current volatility for VanEck Green Infrastructure ETF (RNEW) is 12.76%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.00%. This indicates that RNEW experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.