RNWZ vs. SETM

Last updated Apr 1, 2026

Compare and contrast key facts about TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and Sprott Energy Transition Materials ETF (SETM).

RNWZ and SETM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RNWZ is an actively managed fund by TrueShares. It was launched on Dec 7, 2022. SETM is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. It was launched on Feb 1, 2023.

Performance

RNWZ vs. SETM - Performance Comparison

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

RNWZ vs. SETM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	16.02%	36.33%	-7.36%	-4.61%
SETM Sprott Energy Transition Materials ETF	14.27%	95.27%	-13.24%	-11.03%

Returns By Period

In the year-to-date period, RNWZ achieves a 16.02% return, which is significantly higher than SETM's 14.27% return.

RNWZ

• 1D: 2.24%
• 1M: 0.71%
• YTD: 16.02%
• 6M: 25.57%
• 1Y: 47.86%
• 3Y*: 12.20%
• 5Y*: —
• 10Y*: —

SETM

• 1D: 5.82%
• 1M: -14.37%
• YTD: 14.27%
• 6M: 33.70%
• 1Y: 137.98%
• 3Y*: 26.40%
• 5Y*: —
• 10Y*: —

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

RNWZ vs. SETM - Expense Ratio Comparison

RNWZ has a 0.75% expense ratio, which is higher than SETM's 0.65% expense ratio.

RNWZ

TrueShares Eagle Global Renewable Energy Income ETF

SETM

Sprott Energy Transition Materials ETF

Return for Risk

RNWZ vs. SETM — Risk / Return Rank

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

RNWZ

RNWZ Risk / Return Rank: 97
RNWZ Sharpe Ratio Rank: 97
RNWZ Sortino Ratio Rank: 97
RNWZ Omega Ratio Rank: 97
RNWZ Calmar Ratio Rank: 97
RNWZ Martin Ratio Rank: 97

SETM

SETM Risk / Return Rank: 96
SETM Sharpe Ratio Rank: 98
SETM Sortino Ratio Rank: 96
SETM Omega Ratio Rank: 94
SETM Calmar Ratio Rank: 97
SETM Martin Ratio Rank: 96

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. SETM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and Sprott Energy Transition Materials ETF (SETM). 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.

	RNWZ	SETM	Difference
Sharpe ratio Return per unit of total volatility	2.85	3.03	-0.18
Sortino ratio Return per unit of downside risk	3.65	3.18	+0.47
Omega ratio Gain probability vs. loss probability	1.54	1.44	+0.10
Calmar ratio Return relative to maximum drawdown	4.79	5.08	-0.29
Martin ratio Return relative to average drawdown	19.98	17.14	+2.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RNWZ vs. SETM - Sharpe Ratio Comparison

The current RNWZ Sharpe Ratio is 2.85, which is comparable to the SETM Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of RNWZ and SETM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RNWZ	SETM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	3.03	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.52	+0.13

Correlation

The correlation between RNWZ and SETM is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RNWZ vs. SETM - Dividend Comparison

RNWZ's dividend yield for the trailing twelve months is around 1.93%, more than SETM's 1.37% yield.

	TTM	2025	2024	2023	2022
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	1.93%	2.12%	2.36%	3.87%	0.01%
SETM Sprott Energy Transition Materials ETF	1.37%	1.56%	2.07%	2.47%	0.00%

Drawdowns

RNWZ vs. SETM - Drawdown Comparison

The maximum RNWZ drawdown since its inception was -24.90%, smaller than the maximum SETM drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for RNWZ and SETM.

Drawdown Indicators

	RNWZ	SETM	Difference
Max Drawdown Largest peak-to-trough decline	-24.90%	-42.81%	+17.91%
Max Drawdown (1Y) Largest decline over 1 year	-9.98%	-25.85%	+15.87%
Current Drawdown Current decline from peak	0.00%	-16.74%	+16.74%
Average Drawdown Average peak-to-trough decline	-7.44%	-14.59%	+7.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	7.67%	-5.27%

Volatility

RNWZ vs. SETM - Volatility Comparison

The current volatility for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) is 6.69%, while Sprott Energy Transition Materials ETF (SETM) has a volatility of 18.23%. This indicates that RNWZ experiences smaller price fluctuations and is considered to be less risky than SETM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RNWZ	SETM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	18.23%	-11.54%
Volatility (6M) Calculated over the trailing 6-month period	10.83%	36.72%	-25.89%
Volatility (1Y) Calculated over the trailing 1-year period	16.85%	45.92%	-29.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.88%	36.22%	-19.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	36.22%	-19.34%