RNWZ vs. BILD

Last updated Jun 24, 2026

RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) and BILD (Macquarie Global Listed Infrastructure ETF) are both Energy Equities funds. Both are actively managed. Over the past year, RNWZ returned 31.84% vs 16.09% for BILD. Their correlation of 0.81 suggests significant overlap in exposure. RNWZ charges 0.75%/yr vs 0.49%/yr for BILD.

Performance

RNWZ vs. BILD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and Macquarie Global Listed Infrastructure ETF (BILD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RNWZ achieves a 13.62% return, which is significantly higher than BILD's 7.62% return.

RNWZ

• 1D: -0.37%
• 1M: -2.92%
• YTD: 13.62%
• 6M: 14.12%
• 1Y: 31.84%
• 3Y*: 11.64%
• 5Y*: —
• 10Y*: —

BILD

• 1D: 0.11%
• 1M: -1.90%
• YTD: 7.62%
• 6M: 7.81%
• 1Y: 16.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RNWZ vs. BILD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	13.62%	36.33%	-7.36%	8.02%
BILD Macquarie Global Listed Infrastructure ETF	7.62%	21.08%	-2.68%	3.73%

Correlation

The correlation between RNWZ and BILD is 0.73, 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	0.73
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023	0.81

The correlation between RNWZ and BILD has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.

RNWZ vs. BILD - Sectors Allocation Comparison

Sectors	RNWZ	BILD
Utilities	41.0%	52.8%
Financial Services	6.7%	-
Industrials	5.3%	22.1%
Basic Materials	4.8%	-
Energy	3.7%	18.2%
Real Estate	3.1%	5.4%
Communication Services	-	1.5%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Technology	-	-

Return for Risk

RNWZ vs. BILD — Risk / Return Rank

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

RNWZ

RNWZ Risk / Return Rank: 71
RNWZ Sharpe Ratio Rank: 70
RNWZ Sortino Ratio Rank: 68
RNWZ Omega Ratio Rank: 67
RNWZ Calmar Ratio Rank: 85
RNWZ Martin Ratio Rank: 67

BILD

BILD Risk / Return Rank: 47
BILD Sharpe Ratio Rank: 46
BILD Sortino Ratio Rank: 43
BILD Omega Ratio Rank: 45
BILD Calmar Ratio Rank: 59
BILD Martin Ratio Rank: 44

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. BILD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and Macquarie Global Listed Infrastructure ETF (BILD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RNWZ	BILD	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.49	+0.60
Sortino ratio: Return per unit of downside risk	2.86	2.02	+0.85
Omega ratio: Gain probability vs. loss probability	1.37	1.27	+0.10
Calmar ratio: Return relative to maximum drawdown	4.34	2.67	+1.67
Martin ratio: Return relative to average drawdown	11.33	6.81	+4.52

RNWZ vs. BILD - Sharpe Ratio Comparison

The current RNWZ Sharpe Ratio is 2.10, which is higher than the BILD Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of RNWZ and BILD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RNWZ vs. BILD - Drawdown Comparison

The maximum RNWZ drawdown since its inception was -24.90%, which is greater than BILD's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for RNWZ and BILD.

Drawdown Indicators

	RNWZ	BILD	Difference
Max Drawdown Largest peak-to-trough decline	-24.90%	-14.78%	-10.12%
Max Drawdown (1Y) Largest decline over 1 year	-7.36%	-6.05%	-1.31%
Max Drawdown (3Y) Largest decline over 3 years	-24.74%	—	—
Current Drawdown Current decline from peak	-6.64%	-4.71%	-1.93%
Average Drawdown Average peak-to-trough decline	-7.16%	-3.72%	-3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	2.37%	+0.45%

Volatility

RNWZ vs. BILD - Volatility Comparison

TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) has a higher volatility of 3.99% compared to Macquarie Global Listed Infrastructure ETF (BILD) at 2.98%. This indicates that RNWZ's price experiences larger fluctuations and is considered to be riskier than BILD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RNWZ	BILD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	2.98%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	12.21%	8.88%	+3.33%
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	10.86%	+4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	13.15%	+3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	13.15%	+3.80%

RNWZ vs. BILD - Expense Ratio Comparison

RNWZ has a 0.75% expense ratio, which is higher than BILD's 0.49% expense ratio.

Dividends

RNWZ vs. BILD - Dividend Comparison

RNWZ's dividend yield for the trailing twelve months is around 1.97%, less than BILD's 5.81% yield.

Position	TTM	2025	2024	2023	2022
BILD Macquarie Global Listed Infrastructure ETF	5.81%	3.05%	5.53%	0.52%	0.00%
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	1.97%	2.12%	2.36%	3.87%	0.01%

Frequently Asked Questions

Can I hold both RNWZ and BILD in my portfolio?

RNWZ and BILD have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RNWZ or BILD?

RNWZ has higher volatility (3.99%) compared to BILD (2.98%). In terms of maximum drawdown, RNWZ dropped -24.90% vs BILD's -14.78%.

Which ETF is better, RNWZ or BILD?

On 1-year performance, RNWZ leads with 31.84% vs 16.09% for BILD. On fees, BILD is cheaper at 0.49% per year. On volatility, BILD has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RNWZ or BILD?

Over the 1-year period, RNWZ has performed better with a 31.84% return vs 16.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RNWZ or BILD?

BILD is cheaper with a 0.49% expense ratio, compared with 0.75% for RNWZ.

Which ETF pays a higher dividend yield, RNWZ or BILD?

BILD has the higher dividend yield at 5.81%, compared with 1.97% for RNWZ.

What is the main difference between RNWZ and BILD?

They also come from different issuers: TrueShares and Macquarie. Their fees differ too: 0.75% for RNWZ and 0.49% for BILD.

Which has better risk-adjusted returns?

RNWZ currently has the higher Sharpe Ratio (2.10 vs 1.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.