RNRG vs. XLU
Compare and contrast key facts about Global X Funds Global X Renewable Energy Producers ETF (RNRG) and Utilities Select Sector SPDR Fund (XLU).
RNRG and XLU 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. XLU is a passively managed fund by State Street that tracks the performance of the Utilities Select Sector Index. It was launched on Dec 16, 1998. Both RNRG and XLU 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 XLU.
Key characteristics
| RNRG | XLU | |
|---|---|---|
| YTD Return | -3.27% | 26.92% |
| 1Y Return | 1.57% | 26.04% |
| 3Y Return (Ann) | -11.43% | 9.41% |
| 5Y Return (Ann) | -3.04% | 7.70% |
| Sharpe Ratio | 0.04 | 1.53 |
| Daily Std Dev | 21.22% | 16.94% |
| Max Drawdown | -52.50% | -52.27% |
| Current Drawdown | -43.38% | -0.08% |
Correlation
The correlation between RNRG and XLU is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RNRG vs. XLU - Performance Comparison
In the year-to-date period, RNRG achieves a -3.27% return, which is significantly lower than XLU's 26.92% 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. XLU - Expense Ratio Comparison
RNRG has a 0.65% expense ratio, which is higher than XLU's 0.13% expense ratio.
Risk-Adjusted Performance
RNRG vs. XLU - 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 Utilities Select Sector SPDR Fund (XLU). 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. XLU - Dividend Comparison
RNRG's dividend yield for the trailing twelve months is around 1.37%, less than XLU's 2.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNRG Global X Funds Global X Renewable Energy Producers ETF | 1.37% | 1.44% | 1.15% | 1.10% | 3.16% | 2.97% | 5.22% | 4.14% | 5.02% | 3.48% | 0.00% | 0.00% |
XLU Utilities Select Sector SPDR Fund | 2.11% | 3.39% | 2.92% | 2.79% | 3.14% | 2.95% | 3.33% | 3.33% | 3.41% | 3.67% | 3.19% | 3.86% |
Drawdowns
RNRG vs. XLU - Drawdown Comparison
The maximum RNRG drawdown since its inception was -52.50%, roughly equal to the maximum XLU drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for RNRG and XLU. For additional features, visit the drawdowns tool.
Volatility
RNRG vs. XLU - Volatility Comparison
Global X Funds Global X Renewable Energy Producers ETF (RNRG) has a higher volatility of 6.36% compared to Utilities Select Sector SPDR Fund (XLU) at 2.69%. This indicates that RNRG's price experiences larger fluctuations and is considered to be riskier than XLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.