RNRG.L vs. FLXK.L
RNRG.L (Global X Renewable Energy Producers UCITS ETF) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - RNRG.L tracks the Global X Renewable Energy Producers UCITS ETF while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 3 years, RNRG.L returned 1.84%/yr vs 39.45%/yr for FLXK.L. A 0.51 correlation means they provide meaningful diversification when combined. RNRG.L charges 0.50%/yr vs 0.09%/yr for FLXK.L.
Performance
RNRG.L vs. FLXK.L - Performance Comparison
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Returns By Period
In the year-to-date period, RNRG.L achieves a 9.08% return, which is significantly lower than FLXK.L's 75.46% return.
RNRG.L
- 1D
- -0.31%
- 1M
- -4.84%
- 6M
- 4.43%
- YTD
- 9.08%
- 1Y
- 26.17%
- 3Y*
- 1.84%
- 5Y*
- —
- 10Y*
- —
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
RNRG.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RNRG.L Global X Renewable Energy Producers UCITS ETF | 9.08% | 34.05% | -23.00% | -14.97% | -10.76% | -0.71% |
FLXK.L Franklin FTSE Korea UCITS ETF | 75.46% | 94.79% | -21.63% | 20.77% | -28.01% | 0.82% |
Correlation
The correlation between RNRG.L and FLXK.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.51 |
The correlation between RNRG.L and FLXK.L has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.
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Return for Risk
RNRG.L vs. FLXK.L — Risk / Return Rank
RNRG.L
FLXK.L
RNRG.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Renewable Energy Producers UCITS ETF (RNRG.L) and Franklin FTSE Korea UCITS ETF (FLXK.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 | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.47 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 5.86 | -4.02 |
| Martin ratioReturn relative to average drawdown | 6.37 | 18.40 | -12.03 |
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Drawdowns
RNRG.L vs. FLXK.L - Drawdown Comparison
The maximum RNRG.L drawdown since its inception was -51.14%, roughly equal to the maximum FLXK.L drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for RNRG.L and FLXK.L.
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Drawdown Indicators
| RNRG.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.14% | -49.43% | -1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -14.11% | -24.10% | +9.99% |
Max Drawdown (3Y)Largest decline over 3 years | -37.17% | -28.54% | -8.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.00% | — |
Current DrawdownCurrent decline from peak | -19.38% | -24.10% | +4.72% |
Average DrawdownAverage peak-to-trough decline | -26.54% | -20.23% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 7.70% | -3.60% |
Volatility
RNRG.L vs. FLXK.L - Volatility Comparison
The current volatility for Global X Renewable Energy Producers UCITS ETF (RNRG.L) is 4.97%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that RNRG.L experiences smaller price fluctuations and is considered to be less risky than FLXK.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 | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 19.75% | -14.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.51% | 41.53% | -27.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 45.08% | -26.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.45% | 29.63% | -8.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.45% | 29.61% | -8.16% |
RNRG.L vs. FLXK.L - Expense Ratio Comparison
RNRG.L has a 0.50% expense ratio, which is higher than FLXK.L's 0.09% expense ratio.
Dividends
RNRG.L vs. FLXK.L - Dividend Comparison
Neither RNRG.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
RNRG.L and FLXK.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXK.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.L is cheaper with a 0.09% expense ratio, compared with 0.50% for RNRG.L.
RNRG.L tracks Global X Renewable Energy Producers UCITS ETF, while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: Global X and Franklin. Their fees differ too: 0.50% for RNRG.L and 0.09% for FLXK.L.
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