RNRU.L vs. INRG.L
RNRU.L (Global X Renewable Energy Producers UCITS ETF USD Accumulating) and INRG.L (iShares Global Clean Energy UCITS ETF USD (Dist)) are both Energy Equities funds tracking the S&P Global Clean Energy TR USD, from Global X and iShares respectively. Both are passively managed. Over the past 3 years, RNRU.L returned 2.64%/yr vs 5.64%/yr for INRG.L. A 0.77 correlation means they provide meaningful diversification when combined. RNRU.L charges 0.50%/yr vs 0.65%/yr for INRG.L.
Performance
RNRU.L vs. INRG.L - Performance Comparison
Loading charts...
Different Trading Currencies
RNRU.L is traded in GBP, while INRG.L is traded in GBp. To make them comparable, the INRG.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 19.04% return, which is significantly lower than INRG.L's 39.09% return.
RNRU.L
- 1D
- -2.01%
- 1M
- -0.85%
- YTD
- 19.04%
- 6M
- 18.52%
- 1Y
- 50.49%
- 3Y*
- 2.64%
- 5Y*
- —
- 10Y*
- —
INRG.L
- 1D
- -2.01%
- 1M
- 8.39%
- YTD
- 39.09%
- 6M
- 35.51%
- 1Y
- 82.63%
- 3Y*
- 5.64%
- 5Y*
- 2.72%
- 10Y*
- 12.64%
RNRU.L vs. INRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RNRU.L Global X Renewable Energy Producers UCITS ETF USD Accumulating | 19.04% | 24.83% | -21.90% | -19.50% | -0.25% | -2.90% |
INRG.L iShares Global Clean Energy UCITS ETF USD (Dist) | 39.09% | 34.75% | -24.39% | -23.83% | 5.52% | -7.93% |
Correlation
The correlation between RNRU.L and INRG.L is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.77 |
The correlation between RNRU.L and INRG.L has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RNRU.L vs. INRG.L — Risk / Return Rank
RNRU.L
INRG.L
RNRU.L vs. INRG.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 iShares Global Clean Energy UCITS ETF USD (Dist) (INRG.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 | INRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.53 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 8.92 | 6.64 | +2.28 |
| Martin ratioReturn relative to average drawdown | 29.05 | 19.87 | +9.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| RNRU.L | INRG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.13 | 3.42 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.02 | -0.14 |
Drawdowns
RNRU.L vs. INRG.L - Drawdown Comparison
The maximum RNRU.L drawdown since its inception was -53.53%, smaller than the maximum INRG.L drawdown of -85.09%. Use the drawdown chart below to compare losses from any high point for RNRU.L and INRG.L.
Loading charts...
Drawdown Indicators
| RNRU.L | INRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.53% | -85.09% | +31.56% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -12.38% | +6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -37.25% | -44.29% | +7.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -57.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.47% | — |
Current DrawdownCurrent decline from peak | -20.48% | -27.35% | +6.87% |
Average DrawdownAverage peak-to-trough decline | -29.04% | -56.54% | +27.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 4.15% | -2.44% |
Volatility
RNRU.L vs. INRG.L - Volatility Comparison
The current volatility for Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) is 5.73%, while iShares Global Clean Energy UCITS ETF USD (Dist) (INRG.L) has a volatility of 9.58%. This indicates that RNRU.L experiences smaller price fluctuations and is considered to be less risky than INRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RNRU.L | INRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 9.58% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 17.61% | -5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 24.04% | -8.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 24.80% | -6.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 25.33% | -6.98% |
RNRU.L vs. INRG.L - Expense Ratio Comparison
RNRU.L has a 0.50% expense ratio, which is lower than INRG.L's 0.65% expense ratio.
Dividends
RNRU.L vs. INRG.L - Dividend Comparison
RNRU.L has not paid dividends to shareholders, while INRG.L's dividend yield for the trailing twelve months is around 1.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INRG.L iShares Global Clean Energy UCITS ETF USD (Dist) | 1.09% | 1.77% | 1.58% | 1.00% | 0.62% | 1.01% | 0.61% | 2.05% | 3.68% | 3.69% | 3.65% | 3.90% |
RNRU.L Global X Renewable Energy Producers UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RNRU.L and INRG.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RNRU.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RNRU.L is cheaper with a 0.50% expense ratio, compared with 0.65% for INRG.L.
Both ETFs track S&P Global Clean Energy TR USD. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for RNRU.L and 0.65% for INRG.L.
Find the right allocation for RNRU.L and INRG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer