RNWZ vs. AMND

Last updated Apr 1, 2026

Compare and contrast key facts about TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND).

RNWZ and AMND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RNWZ is an actively managed fund by TrueShares. It was launched on Dec 7, 2022. AMND is a passively managed fund by UBS that tracks the performance of the Alerian Midstream Energy Dividend Index. It was launched on Jul 15, 2020.

Performance

RNWZ vs. AMND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). The values are adjusted to include any dividend payments, if applicable.

RNWZ vs. AMND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	16.02%	36.33%	-7.36%	-3.89%	-0.19%
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	40.42%	13.60%	1.52%

Returns By Period

RNWZ

• 1D: 2.24%
• 1M: 0.71%
• YTD: 16.02%
• 6M: 25.57%
• 1Y: 47.86%
• 3Y*: 12.20%
• 5Y*: —
• 10Y*: —

AMND

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RNWZ vs. AMND - Expense Ratio Comparison

Both RNWZ and AMND have an expense ratio of 0.75%.

RNWZ

TrueShares Eagle Global Renewable Energy Income ETF

AMND

ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050

Return for Risk

RNWZ vs. AMND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RNWZ

RNWZ Risk / Return Rank: 97
RNWZ Sharpe Ratio Rank: 97
RNWZ Sortino Ratio Rank: 97
RNWZ Omega Ratio Rank: 97
RNWZ Calmar Ratio Rank: 97
RNWZ Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RNWZ vs. AMND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). 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.

	RNWZ	AMND	Difference
Sharpe ratio Return per unit of total volatility	2.85	—	—
Sortino ratio Return per unit of downside risk	3.65	—	—
Omega ratio Gain probability vs. loss probability	1.54	—	—
Calmar ratio Return relative to maximum drawdown	4.79	—	—
Martin ratio Return relative to average drawdown	19.98	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RNWZ	AMND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	—	—

Correlation

The correlation between RNWZ and AMND is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

RNWZ vs. AMND - Dividend Comparison

RNWZ's dividend yield for the trailing twelve months is around 1.93%, while AMND has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	1.93%	2.12%	2.36%	3.87%	0.01%	0.00%	0.00%
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	0.00%	5.14%	6.56%	6.37%	7.10%	2.49%

Drawdowns

Drawdown Indicators

	RNWZ	AMND	Difference
Max Drawdown Largest peak-to-trough decline	-24.90%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.98%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-7.44%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	—	—

Volatility

Volatility by Period

	RNWZ	AMND	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.85%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.88%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	—	—