RNRU.L vs. SILG.L
RNRU.L (Global X Renewable Energy Producers UCITS ETF USD Accumulating) and SILG.L (Global X Silver Miners UCITS ETF USD Accumulating) are both exchange-traded funds - RNRU.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD, while SILG.L is a Silver fund tracking the Solactive Global Silver Miners Total Return v2 Index. Both are passively managed. Over the past 3 years, RNRU.L returned 2.64%/yr vs 45.51%/yr for SILG.L. At a 0.29 correlation, their price movements are largely independent. RNRU.L charges 0.50%/yr vs 0.65%/yr for SILG.L.
Performance
RNRU.L vs. SILG.L - Performance Comparison
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Returns By Period
In the year-to-date period, RNRU.L achieves a 19.04% return, which is significantly higher than SILG.L's 5.62% return.
RNRU.L
- 1D
- -2.01%
- 1M
- -0.85%
- YTD
- 19.04%
- 6M
- 18.52%
- 1Y
- 50.49%
- 3Y*
- 2.64%
- 5Y*
- —
- 10Y*
- —
SILG.L
- 1D
- 0.35%
- 1M
- -4.68%
- YTD
- 5.62%
- 6M
- 15.75%
- 1Y
- 90.07%
- 3Y*
- 45.51%
- 5Y*
- —
- 10Y*
- —
RNRU.L vs. SILG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RNRU.L Global X Renewable Energy Producers UCITS ETF USD Accumulating | 19.04% | 24.83% | -21.90% | -19.50% | -1.09% |
SILG.L Global X Silver Miners UCITS ETF USD Accumulating | 5.62% | 153.98% | 13.53% | -6.34% | -8.01% |
Correlation
The correlation between RNRU.L and SILG.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.29 |
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Return for Risk
RNRU.L vs. SILG.L — Risk / Return Rank
RNRU.L
SILG.L
RNRU.L vs. SILG.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 Global X Silver Miners UCITS ETF USD Accumulating (SILG.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 | SILG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.31 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 8.92 | 3.16 | +5.76 |
| Martin ratioReturn relative to average drawdown | 29.05 | 7.69 | +21.35 |
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 | SILG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.13 | 1.98 | +1.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.68 | -0.80 |
Drawdowns
RNRU.L vs. SILG.L - Drawdown Comparison
The maximum RNRU.L drawdown since its inception was -53.53%, which is greater than SILG.L's maximum drawdown of -32.00%. Use the drawdown chart below to compare losses from any high point for RNRU.L and SILG.L.
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Drawdown Indicators
| RNRU.L | SILG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.53% | -32.00% | -21.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -30.90% | +25.34% |
Max Drawdown (3Y)Largest decline over 3 years | -37.25% | -30.90% | -6.35% |
Current DrawdownCurrent decline from peak | -20.48% | -24.56% | +4.08% |
Average DrawdownAverage peak-to-trough decline | -29.04% | -12.52% | -16.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 12.74% | -11.03% |
Volatility
RNRU.L vs. SILG.L - Volatility Comparison
The current volatility for Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) is 5.73%, while Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) has a volatility of 18.48%. This indicates that RNRU.L experiences smaller price fluctuations and is considered to be less risky than SILG.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 | SILG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 18.48% | -12.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 39.95% | -28.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 49.23% | -33.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 39.40% | -21.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 39.40% | -21.05% |
RNRU.L vs. SILG.L - Expense Ratio Comparison
RNRU.L has a 0.50% expense ratio, which is lower than SILG.L's 0.65% expense ratio.
Dividends
RNRU.L vs. SILG.L - Dividend Comparison
Neither RNRU.L nor SILG.L has paid dividends to shareholders.
Frequently Asked Questions
RNRU.L and SILG.L have a correlation of 0.23, 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 SILG.L.
RNRU.L is categorized as Energy Equities, while SILG.L is Silver. RNRU.L tracks S&P Global Clean Energy TR USD, while SILG.L tracks Solactive Global Silver Miners Total Return v2 Index. Their fees differ too: 0.50% for RNRU.L and 0.65% for SILG.L.
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