RNRU.L vs. WENS.L
RNRU.L (Global X Renewable Energy Producers UCITS ETF USD Accumulating) and WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) are both Energy Equities funds - RNRU.L tracks the S&P Global Clean Energy TR USD while WENS.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, RNRU.L returned 2.64%/yr vs 13.87%/yr for WENS.L. At a 0.19 correlation, their price movements are largely independent. RNRU.L charges 0.50%/yr vs 0.25%/yr for WENS.L.
Performance
RNRU.L vs. WENS.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 lower than WENS.L's 31.38% return.
RNRU.L
- 1D
- -2.01%
- 1M
- -0.85%
- YTD
- 19.04%
- 6M
- 18.52%
- 1Y
- 50.49%
- 3Y*
- 2.64%
- 5Y*
- —
- 10Y*
- —
WENS.L
- 1D
- -0.43%
- 1M
- 3.54%
- YTD
- 31.38%
- 6M
- 26.25%
- 1Y
- 44.78%
- 3Y*
- 13.87%
- 5Y*
- —
- 10Y*
- —
RNRU.L vs. WENS.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% | -0.20% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 31.38% | 3.24% | 2.09% | -2.00% | 17.73% |
Correlation
The correlation between RNRU.L and WENS.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 | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.19 |
The correlation between RNRU.L and WENS.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. WENS.L — Risk / Return Rank
RNRU.L
WENS.L
RNRU.L vs. WENS.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 MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.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 | WENS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.37 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 8.92 | 2.99 | +5.93 |
| Martin ratioReturn relative to average drawdown | 29.05 | 9.66 | +19.39 |
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 | WENS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.13 | 2.06 | +1.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.59 | -0.71 |
Drawdowns
RNRU.L vs. WENS.L - Drawdown Comparison
The maximum RNRU.L drawdown since its inception was -53.53%, which is greater than WENS.L's maximum drawdown of -22.49%. Use the drawdown chart below to compare losses from any high point for RNRU.L and WENS.L.
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Drawdown Indicators
| RNRU.L | WENS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.53% | -22.49% | -31.04% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -14.63% | +9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -37.25% | -22.49% | -14.76% |
Current DrawdownCurrent decline from peak | -20.48% | -7.62% | -12.86% |
Average DrawdownAverage peak-to-trough decline | -29.04% | -9.15% | -19.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 4.54% | -2.83% |
Volatility
RNRU.L vs. WENS.L - Volatility Comparison
The current volatility for Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) is 5.73%, while iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) has a volatility of 7.96%. This indicates that RNRU.L experiences smaller price fluctuations and is considered to be less risky than WENS.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 | WENS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 7.96% | -2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 18.19% | -6.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 21.33% | -5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 21.49% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 21.49% | -3.14% |
RNRU.L vs. WENS.L - Expense Ratio Comparison
RNRU.L has a 0.50% expense ratio, which is higher than WENS.L's 0.25% expense ratio.
Dividends
RNRU.L vs. WENS.L - Dividend Comparison
Neither RNRU.L nor WENS.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
RNRU.L Global X Renewable Energy Producers UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 0.00% | 0.00% | 1.75% | 3.61% | 1.77% |
Frequently Asked Questions
RNRU.L and WENS.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, WENS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WENS.L is cheaper with a 0.25% expense ratio, compared with 0.50% for RNRU.L.
RNRU.L tracks S&P Global Clean Energy TR USD, while WENS.L tracks MSCI World/Energy NR USD. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for RNRU.L and 0.25% for WENS.L.
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