RNRU.L vs. WNDG.L
RNRU.L (Global X Renewable Energy Producers UCITS ETF USD Accumulating) and WNDG.L (Global X Wind Energy UCITS ETF USD Accumulating) are both Energy Equities funds from Global X tracking the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, RNRU.L returned 2.64%/yr vs -0.34%/yr for WNDG.L. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
RNRU.L vs. WNDG.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 WNDG.L's 16.77% return.
RNRU.L
- 1D
- -2.01%
- 1M
- -0.85%
- YTD
- 19.04%
- 6M
- 18.52%
- 1Y
- 50.49%
- 3Y*
- 2.64%
- 5Y*
- —
- 10Y*
- —
WNDG.L
- 1D
- -1.72%
- 1M
- -8.21%
- YTD
- 16.77%
- 6M
- 17.23%
- 1Y
- 43.35%
- 3Y*
- -0.34%
- 5Y*
- —
- 10Y*
- —
RNRU.L vs. WNDG.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% | 7.70% |
WNDG.L Global X Wind Energy UCITS ETF USD Accumulating | 16.77% | 23.53% | -18.76% | -23.82% | -3.71% |
Correlation
The correlation between RNRU.L and WNDG.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.61 |
The correlation between RNRU.L and WNDG.L has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.
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Return for Risk
RNRU.L vs. WNDG.L — Risk / Return Rank
RNRU.L
WNDG.L
RNRU.L vs. WNDG.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 Wind Energy UCITS ETF USD Accumulating (WNDG.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 | WNDG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.39 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 8.92 | 4.94 | +3.98 |
| Martin ratioReturn relative to average drawdown | 29.05 | 16.13 | +12.91 |
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 | WNDG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.13 | 2.23 | +0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | -0.17 | +0.05 |
Drawdowns
RNRU.L vs. WNDG.L - Drawdown Comparison
The maximum RNRU.L drawdown since its inception was -53.53%, roughly equal to the maximum WNDG.L drawdown of -52.03%. Use the drawdown chart below to compare losses from any high point for RNRU.L and WNDG.L.
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Drawdown Indicators
| RNRU.L | WNDG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.53% | -52.03% | -1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -8.76% | +3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -37.25% | -38.73% | +1.48% |
Current DrawdownCurrent decline from peak | -20.48% | -21.30% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -29.04% | -28.82% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.69% | -0.98% |
Volatility
RNRU.L vs. WNDG.L - Volatility Comparison
Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) has a higher volatility of 5.73% compared to Global X Wind Energy UCITS ETF USD Accumulating (WNDG.L) at 4.77%. This indicates that RNRU.L's price experiences larger fluctuations and is considered to be riskier than WNDG.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 | WNDG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 4.77% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 13.61% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 19.43% | -3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 20.70% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 20.70% | -2.35% |
RNRU.L vs. WNDG.L - Expense Ratio Comparison
Both RNRU.L and WNDG.L have an expense ratio of 0.50%.
Dividends
RNRU.L vs. WNDG.L - Dividend Comparison
Neither RNRU.L nor WNDG.L has paid dividends to shareholders.
Frequently Asked Questions
RNRU.L and WNDG.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
RNRU.L and WNDG.L have the same expense ratio: 0.50% per year.
Both ETFs track S&P Global Clean Energy TR USD.
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