RNRG vs. FRNW
Compare and contrast key facts about Global X Funds Global X Renewable Energy Producers ETF (RNRG) and Fidelity Clean Energy ETF (FRNW).
RNRG and FRNW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RNRG is a passively managed fund by Global X that tracks the performance of the Indxx Renewable Energy Producers Index. It was launched on May 28, 2015. FRNW is an actively managed fund by Fidelity. It was launched on Oct 5, 2021.
Performance
RNRG vs. FRNW - Performance Comparison
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RNRG vs. FRNW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RNRG Global X Funds Global X Renewable Energy Producers ETF | 11.62% | 29.61% | -22.00% | -12.82% | -15.30% | 1.43% |
FRNW Fidelity Clean Energy ETF | 14.35% | 53.20% | -21.11% | -19.64% | -11.46% | -2.85% |
Returns By Period
In the year-to-date period, RNRG achieves a 11.62% return, which is significantly lower than FRNW's 14.35% return.
RNRG
- 1D
- 0.50%
- 1M
- -0.12%
- YTD
- 11.62%
- 6M
- 15.26%
- 1Y
- 47.91%
- 3Y*
- 1.37%
- 5Y*
- -3.90%
- 10Y*
- 4.31%
FRNW
- 1D
- 0.43%
- 1M
- 0.89%
- YTD
- 14.35%
- 6M
- 15.90%
- 1Y
- 81.48%
- 3Y*
- 2.60%
- 5Y*
- —
- 10Y*
- —
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RNRG vs. FRNW - Expense Ratio Comparison
RNRG has a 0.65% expense ratio, which is higher than FRNW's 0.39% expense ratio.
Return for Risk
RNRG vs. FRNW — Risk / Return Rank
RNRG
FRNW
RNRG vs. FRNW - 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 Fidelity Clean Energy ETF (FRNW). 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.
| RNRG | FRNW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.66 | 3.02 | -0.37 |
Sortino ratioReturn per unit of downside risk | 3.40 | 3.64 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.47 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 5.33 | 7.20 | -1.87 |
Martin ratioReturn relative to average drawdown | 22.94 | 21.15 | +1.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RNRG | FRNW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | 3.02 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | -0.04 | +0.08 |
Correlation
The correlation between RNRG and FRNW is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RNRG vs. FRNW - Dividend Comparison
RNRG's dividend yield for the trailing twelve months is around 1.35%, more than FRNW's 1.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNRG Global X Funds Global X Renewable Energy Producers ETF | 1.35% | 1.50% | 1.48% | 1.44% | 1.15% | 1.10% | 3.16% | 2.97% | 5.22% | 4.14% | 5.02% | 3.48% |
FRNW Fidelity Clean Energy ETF | 1.10% | 1.25% | 1.43% | 1.30% | 0.69% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RNRG vs. FRNW - Drawdown Comparison
The maximum RNRG drawdown since its inception was -58.79%, roughly equal to the maximum FRNW drawdown of -59.37%. Use the drawdown chart below to compare losses from any high point for RNRG and FRNW.
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Drawdown Indicators
| RNRG | FRNW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.79% | -59.37% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -11.58% | +1.64% |
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 | -33.95% | -17.42% | -16.53% |
Average DrawdownAverage peak-to-trough decline | -24.33% | -34.23% | +9.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 3.94% | -1.63% |
Volatility
RNRG vs. FRNW - Volatility Comparison
The current volatility for Global X Funds Global X Renewable Energy Producers ETF (RNRG) is 6.29%, while Fidelity Clean Energy ETF (FRNW) has a volatility of 7.52%. This indicates that RNRG experiences smaller price fluctuations and is considered to be less risky than FRNW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNRG | FRNW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 7.52% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 19.57% | -7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.41% | 27.10% | -8.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.17% | 28.45% | -8.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.62% | 28.45% | -8.83% |