RNWZ vs. PPT
RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) and PPT (Putnam Premier Income Trust) are both funds - RNWZ is a Energy Equities fund actively managed by TrueShares, while PPT is a Multisector Bonds fund actively managed by Putnam Investments. Both are actively managed. Over the past 3 years, RNWZ returned 10.78%/yr vs 7.60%/yr for PPT. At a 0.21 correlation, their price movements are largely independent.
Performance
RNWZ vs. PPT - Performance Comparison
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Returns By Period
In the year-to-date period, RNWZ achieves a 14.86% return, which is significantly higher than PPT's 0.81% return.
RNWZ
- 1D
- -0.46%
- 1M
- 0.46%
- YTD
- 14.86%
- 6M
- 16.07%
- 1Y
- 33.81%
- 3Y*
- 10.78%
- 5Y*
- —
- 10Y*
- —
PPT
- 1D
- 0.29%
- 1M
- 0.47%
- YTD
- 0.81%
- 6M
- 1.85%
- 1Y
- 2.23%
- 3Y*
- 7.60%
- 5Y*
- 2.15%
- 10Y*
- 4.57%
RNWZ vs. PPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 14.86% | 36.33% | -7.36% | -3.89% | -0.74% |
PPT Putnam Premier Income Trust | 0.81% | 8.39% | 8.80% | 7.43% | 0.17% |
Correlation
The correlation between RNWZ and PPT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2022 | 0.21 |
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Return for Risk
RNWZ vs. PPT — Risk / Return Rank
RNWZ
PPT
RNWZ vs. PPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and Putnam Premier Income Trust (PPT). 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 | PPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.04 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 0.33 | +4.47 |
| Martin ratioReturn relative to average drawdown | 12.78 | 0.77 | +12.01 |
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Drawdowns
RNWZ vs. PPT - Drawdown Comparison
The maximum RNWZ drawdown since its inception was -24.90%, smaller than the maximum PPT drawdown of -49.76%. Use the drawdown chart below to compare losses from any high point for RNWZ and PPT.
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Drawdown Indicators
| RNWZ | PPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.90% | -49.76% | +24.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -5.05% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -24.74% | -9.10% | -15.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.79% | — |
Current DrawdownCurrent decline from peak | -5.63% | -3.62% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -7.17% | -11.23% | +4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 2.18% | +0.47% |
Volatility
RNWZ vs. PPT - Volatility Comparison
TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) has a higher volatility of 5.01% compared to Putnam Premier Income Trust (PPT) at 2.25%. This indicates that RNWZ's price experiences larger fluctuations and is considered to be riskier than PPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNWZ | PPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 2.25% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.11% | 6.99% | +5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.24% | 9.36% | +5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 11.96% | +5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 14.45% | +2.52% |
Dividends
RNWZ vs. PPT - Dividend Comparison
RNWZ's dividend yield for the trailing twelve months is around 1.95%, less than PPT's 9.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPT Putnam Premier Income Trust | 9.07% | 8.81% | 8.76% | 8.74% | 8.60% | 7.31% | 8.84% | 7.73% | 6.84% | 5.85% | 6.28% | 6.30% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 1.95% | 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 PPT have a correlation of 0.14, 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 PPT (2.25%). In terms of maximum drawdown, RNWZ dropped -24.90% vs PPT's -49.76%.
RNWZ currently has the higher Sharpe Ratio (2.23 vs 0.18), 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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