RNRU.L vs. WDEE.L
RNRU.L (Global X Renewable Energy Producers UCITS ETF USD Accumulating) and WDEE.L (Invesco S&P World Energy Targeted & Screened UCITS ETF Acc) are both Energy Equities funds - RNRU.L tracks the S&P Global Clean Energy TR USD while WDEE.L tracks the S&P World Energy Targeted & Screened Index. Both are passively managed. Over the past 3 years, RNRU.L returned 2.64%/yr vs 15.96%/yr for WDEE.L. At a 0.19 correlation, their price movements are largely independent. RNRU.L charges 0.50%/yr vs 0.18%/yr for WDEE.L.
Performance
RNRU.L vs. WDEE.L - Performance Comparison
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Different Trading Currencies
RNRU.L is traded in GBP, while WDEE.L is traded in USD. To make them comparable, the WDEE.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 WDEE.L's 30.50% return.
RNRU.L
- 1D
- -2.01%
- 1M
- -0.85%
- YTD
- 19.04%
- 6M
- 18.52%
- 1Y
- 50.49%
- 3Y*
- 2.64%
- 5Y*
- —
- 10Y*
- —
WDEE.L
- 1D
- -0.74%
- 1M
- -1.16%
- YTD
- 30.50%
- 6M
- 26.32%
- 1Y
- 40.90%
- 3Y*
- 15.96%
- 5Y*
- —
- 10Y*
- —
RNRU.L vs. WDEE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RNRU.L Global X Renewable Energy Producers UCITS ETF USD Accumulating | 19.04% | 24.83% | -21.90% | -10.33% |
WDEE.L Invesco S&P World Energy Targeted & Screened UCITS ETF Acc | 30.46% | 1.24% | 5.84% | 4.65% |
Correlation
The correlation between RNRU.L and WDEE.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.19 |
The correlation between RNRU.L and WDEE.L shifts across timeframes, from -0.02 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RNRU.L vs. WDEE.L — Risk / Return Rank
RNRU.L
WDEE.L
RNRU.L vs. WDEE.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 S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.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 | WDEE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.36 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 8.92 | 3.43 | +5.49 |
| Martin ratioReturn relative to average drawdown | 29.05 | 10.75 | +18.30 |
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 | WDEE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.13 | 2.09 | +1.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.67 | -0.79 |
Drawdowns
RNRU.L vs. WDEE.L - Drawdown Comparison
The maximum RNRU.L drawdown since its inception was -53.53%, which is greater than WDEE.L's maximum drawdown of -21.91%. Use the drawdown chart below to compare losses from any high point for RNRU.L and WDEE.L.
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Drawdown Indicators
| RNRU.L | WDEE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.53% | -21.91% | -31.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -11.86% | +6.30% |
Max Drawdown (3Y)Largest decline over 3 years | -37.25% | -21.91% | -15.34% |
Current DrawdownCurrent decline from peak | -20.48% | -5.47% | -15.01% |
Average DrawdownAverage peak-to-trough decline | -29.04% | -7.26% | -21.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 3.79% | -2.08% |
Volatility
RNRU.L vs. WDEE.L - Volatility Comparison
The current volatility for Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) is 5.73%, while Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L) has a volatility of 7.32%. This indicates that RNRU.L experiences smaller price fluctuations and is considered to be less risky than WDEE.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 | WDEE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 7.32% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 15.99% | -4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 19.54% | -3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 19.34% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 19.34% | -0.99% |
RNRU.L vs. WDEE.L - Expense Ratio Comparison
RNRU.L has a 0.50% expense ratio, which is higher than WDEE.L's 0.18% expense ratio.
Dividends
RNRU.L vs. WDEE.L - Dividend Comparison
Neither RNRU.L nor WDEE.L has paid dividends to shareholders.
Frequently Asked Questions
RNRU.L and WDEE.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDEE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDEE.L is cheaper with a 0.18% expense ratio, compared with 0.50% for RNRU.L.
RNRU.L tracks S&P Global Clean Energy TR USD, while WDEE.L tracks S&P World Energy Targeted & Screened Index. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for RNRU.L and 0.18% for WDEE.L.
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