RNRU.L vs. GCLX.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 Acc (GCLX.L).
RNRU.L and GCLX.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. GCLX.L is a passively managed fund by Invesco that tracks the performance of the S&P Global Clean Energy TR USD. It was launched on Mar 1, 2021. Both RNRU.L and GCLX.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RNRU.L or GCLX.L.
Correlation
The correlation between RNRU.L and GCLX.L is 0.81, 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.
Performance
RNRU.L vs. GCLX.L - Performance Comparison
Key characteristics
RNRU.L:
-0.86
GCLX.L:
-0.62
RNRU.L:
-1.12
GCLX.L:
-0.75
RNRU.L:
0.87
GCLX.L:
0.91
RNRU.L:
-0.30
GCLX.L:
-0.22
RNRU.L:
-1.46
GCLX.L:
-1.06
RNRU.L:
10.05%
GCLX.L:
12.73%
RNRU.L:
16.92%
GCLX.L:
21.59%
RNRU.L:
-48.99%
GCLX.L:
-62.11%
RNRU.L:
-48.71%
GCLX.L:
-60.57%
Returns By Period
In the year-to-date period, RNRU.L achieves a -4.16% return, which is significantly lower than GCLX.L's 0.27% return.
RNRU.L
-4.16%
-5.38%
-16.34%
-14.68%
N/A
N/A
GCLX.L
0.27%
-2.98%
-7.42%
-14.80%
N/A
N/A
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RNRU.L vs. GCLX.L - Expense Ratio Comparison
RNRU.L has a 0.50% expense ratio, which is lower than GCLX.L's 0.60% expense ratio.
Risk-Adjusted Performance
RNRU.L vs. GCLX.L — Risk-Adjusted Performance Rank
RNRU.L
GCLX.L
RNRU.L vs. GCLX.L - Risk-Adjusted Performance 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 Acc (GCLX.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.
Dividends
RNRU.L vs. GCLX.L - Dividend Comparison
Neither RNRU.L nor GCLX.L has paid dividends to shareholders.
Drawdowns
RNRU.L vs. GCLX.L - Drawdown Comparison
The maximum RNRU.L drawdown since its inception was -48.99%, smaller than the maximum GCLX.L drawdown of -62.11%. Use the drawdown chart below to compare losses from any high point for RNRU.L and GCLX.L. For additional features, visit the drawdowns tool.
Volatility
RNRU.L vs. GCLX.L - Volatility Comparison
The current volatility for Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) is 4.58%, while Invesco Global Clean Energy UCITS ETF Acc (GCLX.L) has a volatility of 6.84%. This indicates that RNRU.L experiences smaller price fluctuations and is considered to be less risky than GCLX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.