RNRG.L vs. LGUS.L
RNRG.L (Global X Renewable Energy Producers UCITS ETF) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds - RNRG.L tracks the Global X Renewable Energy Producers UCITS ETF while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 3 years, RNRG.L returned 1.84%/yr vs 20.40%/yr for LGUS.L. A 0.55 correlation means they provide meaningful diversification when combined. RNRG.L charges 0.50%/yr vs 0.05%/yr for LGUS.L.
Performance
RNRG.L vs. LGUS.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 LGUS.L's 10.34% return.
RNRG.L
- 1D
- -0.31%
- 1M
- -4.84%
- 6M
- 4.43%
- YTD
- 9.08%
- 1Y
- 26.17%
- 3Y*
- 1.84%
- 5Y*
- —
- 10Y*
- —
LGUS.L
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 9.90%
- YTD
- 10.34%
- 1Y
- 21.64%
- 3Y*
- 20.40%
- 5Y*
- 12.82%
- 10Y*
- —
RNRG.L vs. LGUS.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% |
LGUS.L L&G US Equity UCITS ETF | 10.34% | 17.98% | 25.09% | 28.66% | -20.46% | 4.31% |
Correlation
The correlation between RNRG.L and LGUS.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.55 |
The correlation between RNRG.L and LGUS.L shifts across timeframes, from 0.44 (3 years) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RNRG.L vs. LGUS.L — Risk / Return Rank
RNRG.L
LGUS.L
RNRG.L vs. LGUS.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 L&G US Equity UCITS ETF (LGUS.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 | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.59 | -0.75 |
| Martin ratioReturn relative to average drawdown | 6.37 | 9.99 | -3.62 |
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Drawdowns
RNRG.L vs. LGUS.L - Drawdown Comparison
The maximum RNRG.L drawdown since its inception was -51.14%, which is greater than LGUS.L's maximum drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for RNRG.L and LGUS.L.
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Drawdown Indicators
| RNRG.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.14% | -34.26% | -16.88% |
Max Drawdown (1Y)Largest decline over 1 year | -14.11% | -8.58% | -5.53% |
Max Drawdown (3Y)Largest decline over 3 years | -37.17% | -19.46% | -17.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.64% | — |
Current DrawdownCurrent decline from peak | -19.38% | -0.49% | -18.89% |
Average DrawdownAverage peak-to-trough decline | -26.54% | -5.30% | -21.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 2.23% | +1.87% |
Volatility
RNRG.L vs. LGUS.L - Volatility Comparison
Global X Renewable Energy Producers UCITS ETF (RNRG.L) has a higher volatility of 4.97% compared to L&G US Equity UCITS ETF (LGUS.L) at 2.86%. This indicates that RNRG.L's price experiences larger fluctuations and is considered to be riskier than LGUS.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 | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 2.86% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 14.51% | 9.41% | +5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 12.47% | +5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.45% | 16.51% | +4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.45% | 18.10% | +3.35% |
RNRG.L vs. LGUS.L - Expense Ratio Comparison
RNRG.L has a 0.50% expense ratio, which is higher than LGUS.L's 0.05% expense ratio.
Dividends
RNRG.L vs. LGUS.L - Dividend Comparison
Neither RNRG.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
RNRG.L and LGUS.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.50% for RNRG.L.
RNRG.L tracks Global X Renewable Energy Producers UCITS ETF, while LGUS.L tracks L&G US Equity UCITS ETF. They also come from different issuers: Global X and L&G. Their fees differ too: 0.50% for RNRG.L and 0.05% for LGUS.L.
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