RNRG vs. UTG

Last updated Jun 4, 2026

RNRG (Global X Funds Global X Renewable Energy Producers ETF) is Alternative Energy Equities fund tracking the Indxx Renewable Energy Producers Index, while UTG (Reaves Utility Income Trust) is a stock. Over the past 10 years, RNRG returned 4.47%/yr vs 10.70%/yr for UTG. At a 0.41 correlation, their price movements are largely independent.

Performance

RNRG vs. UTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Funds Global X Renewable Energy Producers ETF (RNRG) and Reaves Utility Income Trust (UTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with RNRG having a 17.66% return and UTG slightly lower at 16.83%. Over the past 10 years, RNRG has underperformed UTG with an annualized return of 4.47%, while UTG has yielded a comparatively higher 10.70% annualized return.

RNRG

• 1D: -1.39%
• 1M: 0.86%
• YTD: 17.66%
• 6M: 17.51%
• 1Y: 42.65%
• 3Y*: 4.44%
• 5Y*: -2.70%
• 10Y*: 4.47%

UTG

• 1D: -0.12%
• 1M: -2.28%
• YTD: 16.83%
• 6M: 14.83%
• 1Y: 27.73%
• 3Y*: 24.38%
• 5Y*: 11.47%
• 10Y*: 10.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RNRG vs. UTG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RNRG Global X Funds Global X Renewable Energy Producers ETF	17.66%	29.61%	-22.00%	-12.82%	-15.30%	-12.78%	26.67%	37.04%	-6.22%	21.16%
UTG Reaves Utility Income Trust	16.83%	23.24%	28.10%	2.84%	-13.38%	14.26%	-5.25%	33.65%	1.84%	6.74%

Correlation

The correlation between RNRG and UTG is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since May 29, 2015	0.41

The correlation between RNRG and UTG shifts across timeframes, from 0.32 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

RNRG vs. UTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RNRG

RNRG Risk / Return Rank: 84
RNRG Sharpe Ratio Rank: 83
RNRG Sortino Ratio Rank: 79
RNRG Omega Ratio Rank: 75
RNRG Calmar Ratio Rank: 94
RNRG Martin Ratio Rank: 89

UTG

UTG Risk / Return Rank: 78
UTG Sharpe Ratio Rank: 84
UTG Sortino Ratio Rank: 77
UTG Omega Ratio Rank: 77
UTG Calmar Ratio Rank: 77
UTG Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RNRG vs. UTG - 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 Reaves Utility Income Trust (UTG). 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	UTG	Difference
Sharpe ratio: Return per unit of total volatility	2.72	1.67	+1.04
Sortino ratio: Return per unit of downside risk	3.58	2.16	+1.42
Omega ratio: Gain probability vs. loss probability	1.45	1.29	+0.16
Calmar ratio: Return relative to maximum drawdown	7.20	2.40	+4.80
Martin ratio: Return relative to average drawdown	19.98	5.36	+14.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RNRG vs. UTG - Sharpe Ratio Comparison

The current RNRG Sharpe Ratio is 2.72, which is higher than the UTG Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of RNRG and UTG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RNRG	UTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.72	1.67	+1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	0.69	-0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.50	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.48	-0.42

Drawdowns

RNRG vs. UTG - Drawdown Comparison

The maximum RNRG drawdown since its inception was -58.79%, smaller than the maximum UTG drawdown of -67.77%. Use the drawdown chart below to compare losses from any high point for RNRG and UTG.

Drawdown Indicators

	RNRG	UTG	Difference
Max Drawdown Largest peak-to-trough decline	-58.79%	-67.77%	+8.98%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-11.59%	+5.64%
Max Drawdown (3Y) Largest decline over 3 years	-35.23%	-15.03%	-20.20%
Max Drawdown (5Y) Largest decline over 5 years	-52.17%	-26.54%	-25.63%
Max Drawdown (10Y) Largest decline over 10 years	-58.79%	-47.91%	-10.88%
Current Drawdown Current decline from peak	-30.37%	-3.53%	-26.84%
Average Drawdown Average peak-to-trough decline	-24.45%	-8.74%	-15.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	5.18%	-3.04%

Volatility

RNRG vs. UTG - Volatility Comparison

The current volatility for Global X Funds Global X Renewable Energy Producers ETF (RNRG) is 5.55%, while Reaves Utility Income Trust (UTG) has a volatility of 6.08%. This indicates that RNRG experiences smaller price fluctuations and is considered to be less risky than UTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RNRG	UTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	6.08%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	12.10%	12.74%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	15.77%	16.65%	-0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.10%	16.80%	+3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	21.59%	-1.92%

Dividends

RNRG vs. UTG - Dividend Comparison

RNRG's dividend yield for the trailing twelve months is around 1.28%, less than UTG's 5.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RNRG Global X Funds Global X Renewable Energy Producers ETF	1.28%	1.50%	1.48%	1.44%	1.15%	1.10%	3.16%	2.97%	5.22%	4.14%	5.02%	3.48%
UTG Reaves Utility Income Trust	5.70%	6.42%	7.19%	8.53%	8.07%	6.35%	6.59%	5.69%	6.86%	6.21%	9.02%	6.86%

Frequently Asked Questions

Can I hold both RNRG and UTG in my portfolio?

RNRG and UTG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RNRG or UTG?

UTG has higher volatility (6.08%) compared to RNRG (5.55%). In terms of maximum drawdown, RNRG dropped -58.79% vs UTG's -67.77%.

Which has better risk-adjusted returns?

RNRG currently has the higher Sharpe Ratio (2.72 vs 1.67), 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.