RNRG.L vs. BATG.L
RNRG.L (Global X Renewable Energy Producers UCITS ETF USD (Acc)) and BATG.L (L&G Battery Value-Chain UCITS ETF) are both exchange-traded funds - RNRG.L is a Alternative Energy Equities fund tracking the Indxx Renewable Energy Producers v2 Index, while BATG.L is a Lithium & Battery Metals fund tracking the Solactive Battery Value-Chain Index. Both are passively managed. Over the past 3 years, RNRG.L returned 1.38%/yr vs 14.70%/yr for BATG.L. A 0.61 correlation means they provide meaningful diversification when combined. RNRG.L charges 0.50%/yr vs 0.49%/yr for BATG.L.
Performance
RNRG.L vs. BATG.L - Performance Comparison
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Different Trading Currencies
RNRG.L is traded in USD, while BATG.L is traded in GBp. To make them comparable, the BATG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, RNRG.L achieves a 8.41% return, which is significantly higher than BATG.L's 5.18% return.
RNRG.L
- 1D
- -0.39%
- 1M
- -3.01%
- 6M
- 3.78%
- YTD
- 8.41%
- 1Y
- 26.13%
- 3Y*
- 1.38%
- 5Y*
- —
- 10Y*
- —
BATG.L
- 1D
- -2.21%
- 1M
- -18.06%
- 6M
- -3.89%
- YTD
- 5.18%
- 1Y
- 58.06%
- 3Y*
- 14.70%
- 5Y*
- 11.24%
- 10Y*
- —
RNRG.L vs. BATG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RNRG.L Global X Renewable Energy Producers UCITS ETF USD (Acc) | 8.41% | 34.05% | -23.00% | -14.97% | -10.76% | -0.71% |
BATG.L L&G Battery Value-Chain UCITS ETF | 5.18% | 72.52% | -1.20% | 8.25% | -14.18% | 2.21% |
Correlation
The correlation between RNRG.L and BATG.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.61 |
The correlation between RNRG.L and BATG.L has been stable across timeframes, ranging from 0.58 to 0.61 - a consistent structural relationship.
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Return for Risk
RNRG.L vs. BATG.L — Risk / Return Rank
RNRG.L
BATG.L
RNRG.L vs. BATG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Renewable Energy Producers UCITS ETF USD (Acc) (RNRG.L) and L&G Battery Value-Chain UCITS ETF (BATG.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.
| RNRG.L | BATG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.24 | -0.40 |
| Martin ratioReturn relative to average drawdown | 6.25 | 7.83 | -1.58 |
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Drawdowns
RNRG.L vs. BATG.L - Drawdown Comparison
The maximum RNRG.L drawdown since its inception was -51.14%, smaller than the maximum BATG.L drawdown of -57.13%. Use the drawdown chart below to compare losses from any high point for RNRG.L and BATG.L.
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Drawdown Indicators
| RNRG.L | BATG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.14% | -57.13% | +5.99% |
Max Drawdown (1Y)Largest decline over 1 year | -14.11% | -25.76% | +11.65% |
Max Drawdown (3Y)Largest decline over 3 years | -37.17% | -33.86% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.08% | — |
Current DrawdownCurrent decline from peak | -19.88% | -25.76% | +5.88% |
Average DrawdownAverage peak-to-trough decline | -26.53% | -19.82% | -6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 7.39% | -3.22% |
Volatility
RNRG.L vs. BATG.L - Volatility Comparison
The current volatility for Global X Renewable Energy Producers UCITS ETF USD (Acc) (RNRG.L) is 4.77%, while L&G Battery Value-Chain UCITS ETF (BATG.L) has a volatility of 10.35%. This indicates that RNRG.L experiences smaller price fluctuations and is considered to be less risky than BATG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNRG.L | BATG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 10.35% | -5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.52% | 26.21% | -11.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.19% | 31.97% | -13.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 28.90% | -7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.44% | 28.85% | -7.41% |
RNRG.L vs. BATG.L - Expense Ratio Comparison
RNRG.L has a 0.50% expense ratio, which is higher than BATG.L's 0.49% expense ratio.
Dividends
RNRG.L vs. BATG.L - Dividend Comparison
Neither RNRG.L nor BATG.L has paid dividends to shareholders.
Frequently Asked Questions
RNRG.L and BATG.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BATG.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BATG.L is cheaper with a 0.49% expense ratio, compared with 0.50% for RNRG.L.
RNRG.L is categorized as Alternative Energy Equities, while BATG.L is Lithium & Battery Metals. RNRG.L tracks Indxx Renewable Energy Producers v2 Index, while BATG.L tracks Solactive Battery Value-Chain Index. They also come from different issuers: Global X and Legal & General Investment Management. Their fees differ too: 0.50% for RNRG.L and 0.49% for BATG.L.
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