RNRG vs. PBW
Compare and contrast key facts about Global X Funds Global X Renewable Energy Producers ETF (RNRG) and Invesco WilderHill Clean Energy ETF (PBW).
RNRG and PBW 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. PBW is a passively managed fund by Invesco that tracks the performance of the The WilderHill Clean Energy Index (AMEX). It was launched on Mar 3, 2005. Both RNRG and PBW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNRG or PBW.
Key characteristics
| RNRG | PBW | |
|---|---|---|
| YTD Return | -15.93% | -33.87% |
| 1Y Return | -20.33% | -41.94% |
| 3Y Return (Ann) | -15.82% | -39.08% |
| 5Y Return (Ann) | -4.29% | -5.27% |
| Sharpe Ratio | -1.05 | -1.14 |
| Daily Std Dev | 20.01% | 38.40% |
| Max Drawdown | -52.50% | -87.01% |
| Current Drawdown | -50.79% | -84.36% |
Correlation
The correlation between RNRG and PBW is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RNRG vs. PBW - Performance Comparison
In the year-to-date period, RNRG achieves a -15.93% return, which is significantly higher than PBW's -33.87% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RNRG vs. PBW - Expense Ratio Comparison
RNRG has a 0.65% expense ratio, which is higher than PBW's 0.61% expense ratio.
Risk-Adjusted Performance
RNRG vs. PBW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Funds Global X Renewable Energy Producers ETF (RNRG) and Invesco WilderHill Clean Energy ETF (PBW). 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.
Dividends
RNRG vs. PBW - Dividend Comparison
RNRG's dividend yield for the trailing twelve months is around 1.71%, less than PBW's 4.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNRG Global X Funds Global X Renewable Energy Producers ETF | 1.71% | 1.44% | 1.15% | 1.10% | 3.16% | 2.97% | 5.22% | 4.14% | 5.02% | 3.48% | 0.00% | 0.00% |
PBW Invesco WilderHill Clean Energy ETF | 4.05% | 3.68% | 4.21% | 1.71% | 0.44% | 1.45% | 2.89% | 1.28% | 2.68% | 1.53% | 2.96% | 2.18% |
Drawdowns
RNRG vs. PBW - Drawdown Comparison
The maximum RNRG drawdown since its inception was -52.50%, smaller than the maximum PBW drawdown of -87.01%. Use the drawdown chart below to compare losses from any high point for RNRG and PBW. For additional features, visit the drawdowns tool.
Volatility
RNRG vs. PBW - Volatility Comparison
The current volatility for Global X Funds Global X Renewable Energy Producers ETF (RNRG) is 5.30%, while Invesco WilderHill Clean Energy ETF (PBW) has a volatility of 10.33%. This indicates that RNRG experiences smaller price fluctuations and is considered to be less risky than PBW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.