RNWZ vs. M
RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) is Energy Equities fund actively managed by TrueShares, while M (Macy's, Inc.) is a stock. Over the past 3 years, RNWZ returned 11.78%/yr vs 20.95%/yr for M. At a 0.24 correlation, their price movements are largely independent.
Performance
RNWZ vs. M - Performance Comparison
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Returns By Period
In the year-to-date period, RNWZ achieves a 15.40% return, which is significantly lower than M's 16.35% return.
RNWZ
- 1D
- 0.06%
- 1M
- 0.92%
- YTD
- 15.40%
- 6M
- 17.62%
- 1Y
- 34.43%
- 3Y*
- 11.78%
- 5Y*
- —
- 10Y*
- —
M
- 1D
- 1.32%
- 1M
- 37.81%
- YTD
- 16.35%
- 6M
- 7.05%
- 1Y
- 132.50%
- 3Y*
- 20.95%
- 5Y*
- 9.42%
- 10Y*
- 2.22%
RNWZ vs. M - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 15.40% | 36.33% | -7.36% | -3.89% | -0.74% |
M Macy's, Inc. | 16.35% | 36.55% | -12.41% | 1.64% | -9.48% |
Correlation
The correlation between RNWZ and M is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2022 | 0.24 |
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Return for Risk
RNWZ vs. M — Risk / Return Rank
RNWZ
M
RNWZ vs. M - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and Macy's, Inc. (M). 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 | M | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 4.33 | +0.48 |
| Martin ratioReturn relative to average drawdown | 12.90 | 10.47 | +2.43 |
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Drawdowns
RNWZ vs. M - Drawdown Comparison
The maximum RNWZ drawdown since its inception was -24.90%, smaller than the maximum M drawdown of -91.95%. Use the drawdown chart below to compare losses from any high point for RNWZ and M.
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Drawdown Indicators
| RNWZ | M | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.90% | -91.95% | +67.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -28.61% | +21.54% |
Max Drawdown (3Y)Largest decline over 3 years | -24.74% | -51.33% | +26.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.79% | — |
Current DrawdownCurrent decline from peak | -5.19% | -44.51% | +39.32% |
Average DrawdownAverage peak-to-trough decline | -7.17% | -34.61% | +27.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 11.79% | -9.16% |
Volatility
RNWZ vs. M - Volatility Comparison
The current volatility for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) is 5.01%, while Macy's, Inc. (M) has a volatility of 14.61%. This indicates that RNWZ experiences smaller price fluctuations and is considered to be less risky than M based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNWZ | M | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 14.61% | -9.60% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 29.51% | -17.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 46.38% | -31.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.98% | 54.14% | -37.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 56.17% | -39.19% |
Dividends
RNWZ vs. M - Dividend Comparison
RNWZ's dividend yield for the trailing twelve months is around 1.94%, less than M's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
M Macy's, Inc. | 2.19% | 3.31% | 4.10% | 3.29% | 3.05% | 1.15% | 3.36% | 8.88% | 5.07% | 5.99% | 4.17% | 3.98% |
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 M have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
M has higher volatility (14.61%) compared to RNWZ (5.01%). In terms of maximum drawdown, RNWZ dropped -24.90% vs M's -91.95%.
M currently has the higher Sharpe Ratio (2.67 vs 2.23), 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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