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RNWZ vs. EICIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RNWZ vs. EICIX

Last updated Jun 14, 2026

RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) and EICIX (EIC Value Fund) are both funds - RNWZ is a Energy Equities fund actively managed by TrueShares, while EICIX is a Large Cap Value Equities fund managed by Equity Investment Corp. Over the past 3 years, RNWZ returned 11.78%/yr vs 15.33%/yr for EICIX. At a 0.50 correlation, their price movements are largely independent. RNWZ charges 0.75%/yr vs 0.95%/yr for EICIX.

Performance

RNWZ vs. EICIX - Performance Comparison

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

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Returns By Period

In the year-to-date period, RNWZ achieves a 15.40% return, which is significantly higher than EICIX's 5.81% return.

RNWZ

1D
0.06%
1M
0.92%
YTD
15.40%
6M
17.62%
1Y
34.43%
3Y*
11.78%
5Y*
—
10Y*
—

EICIX

1D
0.80%
1M
4.47%
YTD
5.81%
6M
4.81%
1Y
13.57%
3Y*
15.33%
5Y*
10.21%
10Y*
11.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RNWZ vs. EICIX - Yearly Performance Comparison

2026 (YTD)2025202420232022
RNWZ
TrueShares Eagle Global Renewable Energy Income ETF		15.40%36.33%-7.36%-3.89%-0.74%
EICIX
EIC Value Fund		5.81%16.01%11.55%12.91%0.20%

Correlation

The correlation between RNWZ and EICIX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Dec 9, 2022

0.50

The correlation between RNWZ and EICIX shifts across timeframes, from 0.38 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

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TrueShares Eagle Global Renewable Energy Income ETF

EIC Value Fund

Often compared with RNWZ:
RNWZ vs. VCLNRNWZ vs. ECLNRNWZ vs. XLEIRNWZ vs. COPJRNWZ vs. NUKZRNWZ vs. CRAKRNWZ vs. XLE
Often compared with EICIX:
EICIX vs. ECCCEICIX vs. SPYEICIX vs. OXLCEICIX vs. WMFFXEICIX vs. VTEICIX vs. PEQIXEICIX vs. DAGVX

Return for Risk

RNWZ vs. EICIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RNWZ
RNWZ Risk / Return Rank: 8080
Overall Rank
RNWZ Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
RNWZ Sortino Ratio Rank: 7878
Sortino Ratio Rank
RNWZ Omega Ratio Rank: 7676
Omega Ratio Rank
RNWZ Calmar Ratio Rank: 8989
Calmar Ratio Rank
RNWZ Martin Ratio Rank: 7777
Martin Ratio Rank
EICIX
EICIX Risk / Return Rank: 2323
Overall Rank
EICIX Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
EICIX Sortino Ratio Rank: 2525
Sortino Ratio Rank
EICIX Omega Ratio Rank: 2222
Omega Ratio Rank
EICIX Calmar Ratio Rank: 2626
Calmar Ratio Rank
EICIX Martin Ratio Rank: 1818
Martin Ratio Rank
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. EICIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and EIC Value Fund (EICIX). 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.

RNWZEICIXDifference
Sharpe ratioReturn per unit of total volatility
2.23
1.14

+1.10

Sortino ratioReturn per unit of downside risk
3.04
1.71

+1.33

Omega ratioGain probability vs. loss probability

1.39

1.20

+0.20

Calmar ratioReturn relative to maximum drawdown

4.81

1.54

+3.27

Martin ratioReturn relative to average drawdown

12.90

3.81

+9.10

RNWZ vs. EICIX - Sharpe Ratio Comparison

The current RNWZ Sharpe Ratio is 2.23, which is higher than the EICIX Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of RNWZ and EICIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RNWZ vs. EICIX - Drawdown Comparison

The maximum RNWZ drawdown since its inception was -24.90%, smaller than the maximum EICIX drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for RNWZ and EICIX.

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Drawdown Indicators

RNWZEICIXDifference

Max Drawdown

Largest peak-to-trough decline

-24.90%

-34.26%

+9.36%

Max Drawdown (1Y)

Largest decline over 1 year

-7.07%

-8.55%

+1.48%

Max Drawdown (3Y)

Largest decline over 3 years

-24.74%

-11.10%

-13.64%

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.36%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.26%

—

Current Drawdown

Current decline from peak

-5.19%

-3.66%

-1.53%

Average Drawdown

Average peak-to-trough decline

-7.17%

-3.41%

-3.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.63%

3.39%

-0.76%

Volatility

RNWZ vs. EICIX - Volatility Comparison

TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) has a higher volatility of 5.01% compared to EIC Value Fund (EICIX) at 2.99%. This indicates that RNWZ's price experiences larger fluctuations and is considered to be riskier than EICIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RNWZEICIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.01%

2.99%

+2.02%

Volatility (6M)

Calculated over the trailing 6-month period

12.10%

8.16%

+3.94%

Volatility (1Y)

Calculated over the trailing 1-year period

15.25%

11.55%

+3.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.98%

14.59%

+2.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.98%

16.27%

+0.71%

RNWZ vs. EICIX - Expense Ratio Comparison

RNWZ has a 0.75% expense ratio, which is lower than EICIX's 0.95% expense ratio.

Dividends

RNWZ vs. EICIX - Dividend Comparison

RNWZ's dividend yield for the trailing twelve months is around 1.94%, less than EICIX's 8.46% yield.

PositionTTM20252024202320222021202020192018201720162015
EICIX
EIC Value Fund		8.46%8.95%9.47%4.09%6.07%11.14%6.05%7.71%10.82%8.51%2.03%3.42%
RNWZ
TrueShares Eagle Global Renewable Energy Income ETF		1.94%2.12%2.36%3.87%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

RNWZ and EICIX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RNWZ has higher volatility (5.01%) compared to EICIX (2.99%). In terms of maximum drawdown, RNWZ dropped -24.90% vs EICIX's -34.26%.

RNWZ currently has the higher Sharpe Ratio (2.23 vs 1.14), 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.

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