RNEW vs. USMV
Compare and contrast key facts about VanEck Green Infrastructure ETF (RNEW) and iShares Edge MSCI Min Vol USA ETF (USMV).
RNEW and USMV 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. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011. Both RNEW and USMV 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 USMV.
Correlation
The correlation between RNEW and USMV is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RNEW vs. USMV - Performance Comparison
Key characteristics
RNEW:
0.37
USMV:
1.16
RNEW:
0.69
USMV:
1.61
RNEW:
1.08
USMV:
1.24
RNEW:
0.38
USMV:
1.60
RNEW:
1.29
USMV:
6.14
RNEW:
6.83%
USMV:
2.43%
RNEW:
23.66%
USMV:
12.94%
RNEW:
-25.83%
USMV:
-33.10%
RNEW:
-13.96%
USMV:
-2.53%
Returns By Period
In the year-to-date period, RNEW achieves a -4.93% return, which is significantly lower than USMV's 3.82% return.
RNEW
-4.93%
1.68%
-0.81%
6.43%
N/A
N/A
USMV
3.82%
-0.95%
1.70%
14.86%
11.14%
10.40%
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RNEW vs. USMV - Expense Ratio Comparison
RNEW has a 0.46% expense ratio, which is higher than USMV's 0.15% expense ratio.
Risk-Adjusted Performance
RNEW vs. USMV — Risk-Adjusted Performance Rank
RNEW
USMV
RNEW vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Green Infrastructure ETF (RNEW) and iShares Edge MSCI Min Vol USA ETF (USMV). 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. USMV - Dividend Comparison
RNEW's dividend yield for the trailing twelve months is around 0.84%, less than USMV's 1.58% 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% |
USMV iShares Edge MSCI Min Vol USA ETF | 1.58% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% |
Drawdowns
RNEW vs. USMV - Drawdown Comparison
The maximum RNEW drawdown since its inception was -25.83%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for RNEW and USMV. For additional features, visit the drawdowns tool.
Volatility
RNEW vs. USMV - Volatility Comparison
VanEck Green Infrastructure ETF (RNEW) has a higher volatility of 12.76% compared to iShares Edge MSCI Min Vol USA ETF (USMV) at 9.41%. This indicates that RNEW's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.