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RNWZ vs. IEZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RNWZ vs. IEZ

Last updated Jun 24, 2026

RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) and IEZ (iShares U.S. Oil Equipment & Services ETF) are both Energy Equities funds. RNWZ is actively managed, while IEZ is passively managed. Over the past 3 years, RNWZ returned 11.64%/yr vs 15.70%/yr for IEZ. At a 0.28 correlation, their price movements are largely independent. RNWZ charges 0.75%/yr vs 0.42%/yr for IEZ.

Performance

RNWZ vs. IEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and iShares U.S. Oil Equipment & Services ETF (IEZ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, RNWZ achieves a 13.62% return, which is significantly lower than IEZ's 33.32% return.

RNWZ

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

IEZ

1D
-0.72%
1M
-12.99%
YTD
33.32%
6M
33.77%
1Y
64.80%
3Y*
15.70%
5Y*
12.80%
10Y*
-1.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RNWZ vs. IEZ - Yearly Performance Comparison

2026 (YTD)2025202420232022
RNWZ
TrueShares Eagle Global Renewable Energy Income ETF		13.62%36.33%-7.36%-3.89%-0.74%
IEZ
iShares U.S. Oil Equipment & Services ETF		33.32%7.51%-8.15%4.43%9.11%

Correlation

The correlation between RNWZ and IEZ is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.26

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

0.25

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

0.28

RNWZ vs. IEZ - Sectors Allocation Comparison

Sectors
RNWZ
IEZ

Utilities

41.0%
1.0%

Financial Services

6.7%

-

Industrials

5.3%
0.7%

Basic Materials

4.8%

-

Energy

3.7%
99.3%

Real Estate

3.1%

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Healthcare

-

-

Technology

-

-

Utilities

RNWZ
41.0%
IEZ
1.0%

Financial Services

RNWZ
6.7%
IEZ

-

Industrials

RNWZ
5.3%
IEZ
0.7%

Basic Materials

RNWZ
4.8%
IEZ

-

Energy

RNWZ
3.7%
IEZ
99.3%

Real Estate

RNWZ
3.1%
IEZ

-

Communication Services

RNWZ

-

IEZ

-

Consumer Cyclical

RNWZ

-

IEZ

-

Consumer Defensive

RNWZ

-

IEZ

-

Healthcare

RNWZ

-

IEZ

-

Technology

RNWZ

-

IEZ

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TrueShares Eagle Global Renewable Energy Income ETF

iShares U.S. Oil Equipment & Services ETF

Often compared with RNWZ:
RNWZ vs. VCLNRNWZ vs. ECLNRNWZ vs. XLEIRNWZ vs. COPJRNWZ vs. NUKZRNWZ vs. CRAKRNWZ vs. XLE
Often compared with IEZ:
IEZ vs. XESIEZ vs. XOPIEZ vs. FCGIEZ vs. EZUIEZ vs. IEOIEZ vs. IBBQIEZ vs. USO

Return for Risk

RNWZ vs. IEZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RNWZ
RNWZ Risk / Return Rank: 7171
Overall Rank
RNWZ Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
RNWZ Sortino Ratio Rank: 6868
Sortino Ratio Rank
RNWZ Omega Ratio Rank: 6767
Omega Ratio Rank
RNWZ Calmar Ratio Rank: 8585
Calmar Ratio Rank
RNWZ Martin Ratio Rank: 6767
Martin Ratio Rank
IEZ
IEZ Risk / Return Rank: 7474
Overall Rank
IEZ Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
IEZ Sortino Ratio Rank: 6767
Sortino Ratio Rank
IEZ Omega Ratio Rank: 6363
Omega Ratio Rank
IEZ Calmar Ratio Rank: 8484
Calmar Ratio Rank
IEZ Martin Ratio Rank: 8181
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. IEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and iShares U.S. Oil Equipment & Services ETF (IEZ). 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.

RNWZIEZDifference
Sharpe ratioReturn per unit of total volatility
2.10
2.23

-0.14

Sortino ratioReturn per unit of downside risk
2.86
2.91

-0.05

Omega ratioGain probability vs. loss probability

1.37

1.36

+0.01

Calmar ratioReturn relative to maximum drawdown

4.34

4.35

-0.01

Martin ratioReturn relative to average drawdown

11.33

15.22

-3.89

RNWZ vs. IEZ - Sharpe Ratio Comparison

The current RNWZ Sharpe Ratio is 2.10, which is comparable to the IEZ Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of RNWZ and IEZ, 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. IEZ - Drawdown Comparison

The maximum RNWZ drawdown since its inception was -24.90%, smaller than the maximum IEZ drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for RNWZ and IEZ.

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Drawdown Indicators

RNWZIEZDifference

Max Drawdown

Largest peak-to-trough decline

-24.90%

-92.52%

+67.62%

Max Drawdown (1Y)

Largest decline over 1 year

-7.36%

-14.97%

+7.61%

Max Drawdown (3Y)

Largest decline over 3 years

-24.74%

-40.25%

+15.51%

Max Drawdown (5Y)

Largest decline over 5 years

—

-40.25%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-88.29%

—

Current Drawdown

Current decline from peak

-6.64%

-56.00%

+49.36%

Average Drawdown

Average peak-to-trough decline

-7.16%

-48.26%

+41.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.82%

4.27%

-1.45%

Volatility

RNWZ vs. IEZ - Volatility Comparison

The current volatility for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) is 3.99%, while iShares U.S. Oil Equipment & Services ETF (IEZ) has a volatility of 9.89%. This indicates that RNWZ experiences smaller price fluctuations and is considered to be less risky than IEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RNWZIEZDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.99%

9.89%

-5.90%

Volatility (6M)

Calculated over the trailing 6-month period

12.21%

20.84%

-8.63%

Volatility (1Y)

Calculated over the trailing 1-year period

15.30%

29.51%

-14.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.95%

36.32%

-19.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.95%

41.52%

-24.57%

RNWZ vs. IEZ - Expense Ratio Comparison

RNWZ has a 0.75% expense ratio, which is higher than IEZ's 0.42% expense ratio.

Dividends

RNWZ vs. IEZ - Dividend Comparison

RNWZ's dividend yield for the trailing twelve months is around 1.97%, more than IEZ's 1.24% yield.

PositionTTM20252024202320222021202020192018201720162015
IEZ
iShares U.S. Oil Equipment & Services ETF		1.24%1.87%1.76%0.97%0.65%1.20%2.07%2.28%1.81%3.42%0.91%2.40%
RNWZ
TrueShares Eagle Global Renewable Energy Income ETF		1.97%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 IEZ have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IEZ has higher volatility (9.89%) compared to RNWZ (3.99%). In terms of maximum drawdown, RNWZ dropped -24.90% vs IEZ's -92.52%.

On 3-year performance, IEZ leads with 15.70% vs 11.64% for RNWZ. On fees, IEZ is cheaper at 0.42% per year. On volatility, RNWZ has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, IEZ has performed better with a 15.70% return vs 11.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IEZ is cheaper with a 0.42% expense ratio, compared with 0.75% for RNWZ.

RNWZ has the higher dividend yield at 1.97%, compared with 1.24% for IEZ.

They also come from different issuers: TrueShares and iShares. Their fees differ too: 0.75% for RNWZ and 0.42% for IEZ.

IEZ currently has the higher Sharpe Ratio (2.23 vs 2.10), 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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