RNRU.L vs. GCED.L
Compare and contrast key facts about Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) and Invesco Global Clean Energy UCITS ETF Dist (GCED.L).
RNRU.L and GCED.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RNRU.L is a passively managed fund by Global X that tracks the performance of the S&P Global Clean Energy TR USD. It was launched on Dec 7, 2021. GCED.L is a passively managed fund by Invesco that tracks the performance of the WilderHill New Energy Global Innovation Index. It was launched on Mar 1, 2021. Both RNRU.L and GCED.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
RNRU.L vs. GCED.L - Performance Comparison
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RNRU.L vs. GCED.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RNRU.L Global X Renewable Energy Producers UCITS ETF USD Accumulating | 15.52% | 24.83% | -21.90% | -19.50% | -0.25% | -2.90% |
GCED.L Invesco Global Clean Energy UCITS ETF Dist | 14.22% | 31.81% | -25.26% | -15.01% | -22.48% | -7.55% |
Different Trading Currencies
RNRU.L is traded in GBP, while GCED.L is traded in USD. To make them comparable, the GCED.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, RNRU.L achieves a 15.52% return, which is significantly higher than GCED.L's 14.22% return.
RNRU.L
- 1D
- 1.00%
- 1M
- 3.23%
- YTD
- 15.52%
- 6M
- 22.18%
- 1Y
- 54.96%
- 3Y*
- 0.04%
- 5Y*
- —
- 10Y*
- —
GCED.L
- 1D
- 2.67%
- 1M
- -0.14%
- YTD
- 14.22%
- 6M
- 20.65%
- 1Y
- 70.61%
- 3Y*
- -3.27%
- 5Y*
- -8.81%
- 10Y*
- —
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RNRU.L vs. GCED.L - Expense Ratio Comparison
RNRU.L has a 0.50% expense ratio, which is lower than GCED.L's 0.60% expense ratio.
Return for Risk
RNRU.L vs. GCED.L — Risk / Return Rank
RNRU.L
GCED.L
RNRU.L vs. GCED.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) and Invesco Global Clean Energy UCITS ETF Dist (GCED.L). 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.
| RNRU.L | GCED.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.25 | 3.17 | +0.08 |
Sortino ratioReturn per unit of downside risk | 4.06 | 3.85 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.51 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 7.14 | 6.44 | +0.70 |
Martin ratioReturn relative to average drawdown | 27.68 | 20.79 | +6.88 |
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
| RNRU.L | GCED.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.25 | 3.17 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | -0.36 | +0.20 |
Correlation
The correlation between RNRU.L and GCED.L is 0.70, 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
RNRU.L vs. GCED.L - Dividend Comparison
RNRU.L has not paid dividends to shareholders, while GCED.L's dividend yield for the trailing twelve months is around 1.85%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RNRU.L Global X Renewable Energy Producers UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GCED.L Invesco Global Clean Energy UCITS ETF Dist | 1.85% | 2.09% | 1.43% | 0.68% | 0.09% | 0.20% |
Drawdowns
RNRU.L vs. GCED.L - Drawdown Comparison
The maximum RNRU.L drawdown since its inception was -53.53%, smaller than the maximum GCED.L drawdown of -69.62%. Use the drawdown chart below to compare losses from any high point for RNRU.L and GCED.L.
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Drawdown Indicators
| RNRU.L | GCED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.53% | -72.10% | +18.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.57% | -13.48% | +5.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.99% | — |
Current DrawdownCurrent decline from peak | -22.83% | -43.81% | +20.98% |
Average DrawdownAverage peak-to-trough decline | -29.35% | -45.12% | +15.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 3.44% | -1.49% |
Volatility
RNRU.L vs. GCED.L - Volatility Comparison
The current volatility for Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) is 4.65%, while Invesco Global Clean Energy UCITS ETF Dist (GCED.L) has a volatility of 6.06%. This indicates that RNRU.L experiences smaller price fluctuations and is considered to be less risky than GCED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNRU.L | GCED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 6.06% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.15% | 16.09% | -3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.83% | 22.16% | -5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.39% | 26.54% | -8.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 27.02% | -8.63% |