RNRG.L vs. KSTR.L
RNRG.L (Global X Renewable Energy Producers UCITS ETF) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - RNRG.L tracks the Global X Renewable Energy Producers UCITS ETF while KSTR.L tracks the KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. Both are passively managed. Over the past 3 years, RNRG.L returned 1.84%/yr vs 21.29%/yr for KSTR.L. At a 0.28 correlation, their price movements are largely independent. RNRG.L charges 0.50%/yr vs 0.82%/yr for KSTR.L.
Performance
RNRG.L vs. KSTR.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 KSTR.L's 41.53% return.
RNRG.L
- 1D
- -0.31%
- 1M
- -4.84%
- 6M
- 4.43%
- YTD
- 9.08%
- 1Y
- 26.17%
- 3Y*
- 1.84%
- 5Y*
- —
- 10Y*
- —
KSTR.L
- 1D
- -4.62%
- 1M
- 3.52%
- 6M
- 25.64%
- YTD
- 41.53%
- 1Y
- 93.56%
- 3Y*
- 21.29%
- 5Y*
- -0.22%
- 10Y*
- —
RNRG.L vs. KSTR.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% |
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF | 41.53% | 42.76% | 5.23% | -18.80% | -38.16% | -1.37% |
Correlation
The correlation between RNRG.L and KSTR.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.28 |
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Return for Risk
RNRG.L vs. KSTR.L — Risk / Return Rank
RNRG.L
KSTR.L
RNRG.L vs. KSTR.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 KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.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 | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.38 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 4.76 | -2.91 |
| Martin ratioReturn relative to average drawdown | 6.37 | 12.21 | -5.84 |
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Drawdowns
RNRG.L vs. KSTR.L - Drawdown Comparison
The maximum RNRG.L drawdown since its inception was -51.14%, smaller than the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for RNRG.L and KSTR.L.
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Drawdown Indicators
| RNRG.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.14% | -66.67% | +15.53% |
Max Drawdown (1Y)Largest decline over 1 year | -14.11% | -19.42% | +5.31% |
Max Drawdown (3Y)Largest decline over 3 years | -37.17% | -36.60% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.38% | — |
Current DrawdownCurrent decline from peak | -19.38% | -18.75% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -26.54% | -39.83% | +13.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 7.58% | -3.48% |
Volatility
RNRG.L vs. KSTR.L - Volatility Comparison
The current volatility for Global X Renewable Energy Producers UCITS ETF (RNRG.L) is 4.97%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 19.20%. This indicates that RNRG.L experiences smaller price fluctuations and is considered to be less risky than KSTR.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 | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 19.20% | -14.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.51% | 33.48% | -18.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 40.57% | -22.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.45% | 34.52% | -13.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.45% | 34.46% | -13.01% |
RNRG.L vs. KSTR.L - Expense Ratio Comparison
RNRG.L has a 0.50% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
RNRG.L vs. KSTR.L - Dividend Comparison
Neither RNRG.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
RNRG.L and KSTR.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RNRG.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RNRG.L is cheaper with a 0.50% expense ratio, compared with 0.82% for KSTR.L.
RNRG.L tracks Global X Renewable Energy Producers UCITS ETF, while KSTR.L tracks KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. They also come from different issuers: Global X and KraneShares. Their fees differ too: 0.50% for RNRG.L and 0.82% for KSTR.L.
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