Correlation
The correlation between RNRG and VDE is 0.51, 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.
RNRG vs. VDE
Compare and contrast key facts about Global X Funds Global X Renewable Energy Producers ETF (RNRG) and Vanguard Energy ETF (VDE).
RNRG and VDE 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. VDE is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Energy 25/50 Index. It was launched on Sep 23, 2004. Both RNRG and VDE 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 VDE.
Performance
RNRG vs. VDE - Performance Comparison
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Key characteristics
RNRG:
-0.55
VDE:
-0.30
RNRG:
-0.59
VDE:
-0.30
RNRG:
0.92
VDE:
0.96
RNRG:
-0.19
VDE:
-0.42
RNRG:
-0.74
VDE:
-1.07
RNRG:
14.93%
VDE:
8.29%
RNRG:
21.14%
VDE:
25.45%
RNRG:
-58.79%
VDE:
-74.16%
RNRG:
-51.19%
VDE:
-15.22%
Returns By Period
In the year-to-date period, RNRG achieves a 6.91% return, which is significantly higher than VDE's -5.16% return. Over the past 10 years, RNRG has underperformed VDE with an annualized return of -2.09%, while VDE has yielded a comparatively higher 3.89% annualized return.
RNRG
6.91%
4.74%
0.37%
-12.34%
-13.90%
-6.11%
-2.09%
VDE
-5.16%
1.38%
-13.57%
-9.72%
1.57%
21.96%
3.89%
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RNRG vs. VDE - Expense Ratio Comparison
RNRG has a 0.65% expense ratio, which is higher than VDE's 0.10% expense ratio.
Risk-Adjusted Performance
RNRG vs. VDE — Risk-Adjusted Performance Rank
RNRG
VDE
RNRG vs. VDE - 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 Vanguard Energy ETF (VDE). 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.
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Dividends
RNRG vs. VDE - Dividend Comparison
RNRG's dividend yield for the trailing twelve months is around 1.38%, less than VDE's 3.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNRG Global X Funds Global X Renewable Energy Producers ETF | 1.38% | 1.47% | 1.43% | 1.15% | 1.10% | 3.17% | 2.96% | 5.24% | 4.14% | 5.02% | 3.48% | 0.00% |
VDE Vanguard Energy ETF | 3.43% | 3.23% | 3.34% | 3.65% | 4.13% | 4.76% | 3.59% | 3.35% | 2.90% | 2.31% | 3.17% | 1.98% |
Drawdowns
RNRG vs. VDE - Drawdown Comparison
The maximum RNRG drawdown since its inception was -58.79%, smaller than the maximum VDE drawdown of -74.16%. Use the drawdown chart below to compare losses from any high point for RNRG and VDE.
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Volatility
RNRG vs. VDE - Volatility Comparison
Global X Funds Global X Renewable Energy Producers ETF (RNRG) and Vanguard Energy ETF (VDE) have volatilities of 5.29% and 5.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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