RNRG vs. BILZ
RNRG (Global X Funds Global X Renewable Energy Producers ETF) and BILZ (PIMCO Ultra Short Government Active Exchange-Traded Fund) are both exchange-traded funds - RNRG is a Alternative Energy Equities fund tracking the Indxx Renewable Energy Producers Index, while BILZ is a Ultrashort Bond fund actively managed by PIMCO. RNRG is passively managed, while BILZ is actively managed. Over the past 3 years, RNRG returned 2.19%/yr vs 4.67%/yr for BILZ. At a correlation of -0.08, they often move in opposite directions. RNRG charges 0.65%/yr vs 0.14%/yr for BILZ.
Performance
RNRG vs. BILZ - Performance Comparison
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Returns By Period
In the year-to-date period, RNRG achieves a 9.61% return, which is significantly higher than BILZ's 1.64% return.
RNRG
- 1D
- 0.88%
- 1M
- -3.89%
- YTD
- 9.61%
- 6M
- 10.89%
- 1Y
- 30.64%
- 3Y*
- 2.19%
- 5Y*
- -4.43%
- 10Y*
- 3.99%
BILZ
- 1D
- 0.00%
- 1M
- 0.25%
- YTD
- 1.64%
- 6M
- 1.75%
- 1Y
- 3.89%
- 3Y*
- 4.67%
- 5Y*
- —
- 10Y*
- —
RNRG vs. BILZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RNRG Global X Funds Global X Renewable Energy Producers ETF | 9.61% | 29.61% | -22.00% | -6.31% |
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund | 1.64% | 4.21% | 5.25% | 2.87% |
Correlation
The correlation between RNRG and BILZ is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023 | -0.08 |
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Return for Risk
RNRG vs. BILZ — Risk / Return Rank
RNRG
BILZ
RNRG vs. BILZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Funds Global X Renewable Energy Producers ETF (RNRG) and PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ). 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 | BILZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -16.78 | ||
| Sortino ratioReturn per unit of downside risk | -116.07 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 47.43 | -46.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 197.44 | -194.02 |
| Martin ratioReturn relative to average drawdown | 12.29 | 1,898.07 | -1,885.79 |
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Drawdowns
RNRG vs. BILZ - Drawdown Comparison
The maximum RNRG drawdown since its inception was -58.79%, which is greater than BILZ's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for RNRG and BILZ.
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Drawdown Indicators
| RNRG | BILZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.79% | -0.52% | -58.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -0.02% | -8.98% |
Max Drawdown (3Y)Largest decline over 3 years | -35.23% | -0.17% | -35.06% |
Max Drawdown (5Y)Largest decline over 5 years | -52.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.79% | — | — |
Current DrawdownCurrent decline from peak | -35.14% | 0.00% | -35.14% |
Average DrawdownAverage peak-to-trough decline | -24.48% | -0.01% | -24.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 0.00% | +2.50% |
Volatility
RNRG vs. BILZ - Volatility Comparison
Global X Funds Global X Renewable Energy Producers ETF (RNRG) has a higher volatility of 5.92% compared to PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) at 0.07%. This indicates that RNRG's price experiences larger fluctuations and is considered to be riskier than BILZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNRG | BILZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 0.07% | +5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 0.14% | +12.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 0.21% | +15.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.16% | 0.52% | +19.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.67% | 0.52% | +19.15% |
RNRG vs. BILZ - Expense Ratio Comparison
RNRG has a 0.65% expense ratio, which is higher than BILZ's 0.14% expense ratio.
Dividends
RNRG vs. BILZ - Dividend Comparison
RNRG's dividend yield for the trailing twelve months is around 1.37%, less than BILZ's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund | 4.07% | 4.19% | 4.95% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RNRG Global X Funds Global X Renewable Energy Producers ETF | 1.37% | 1.50% | 1.48% | 1.44% | 1.15% | 1.10% | 3.16% | 2.97% | 5.22% | 4.14% | 5.02% | 3.48% |
Frequently Asked Questions
RNRG and BILZ have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNRG has higher volatility (5.92%) compared to BILZ (0.07%). In terms of maximum drawdown, RNRG dropped -58.79% vs BILZ's -0.52%.
On 3-year performance, BILZ leads with 4.67% vs 2.19% for RNRG. On fees, BILZ is cheaper at 0.14% per year. On volatility, BILZ has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BILZ has performed better with a 4.67% return vs 2.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BILZ is cheaper with a 0.14% expense ratio, compared with 0.65% for RNRG.
BILZ has the higher dividend yield at 4.07%, compared with 1.37% for RNRG.
RNRG is categorized as Alternative Energy Equities, while BILZ is Ultrashort Bond. They also come from different issuers: Global X and PIMCO. Their fees differ too: 0.65% for RNRG and 0.14% for BILZ.
BILZ currently has the higher Sharpe Ratio (18.70 vs 1.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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