RNWZ vs. VOLT

Last updated Jun 24, 2026

RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) and VOLT (Tema Electrification ETF) are both exchange-traded funds - RNWZ is a Energy Equities fund actively managed by TrueShares, while VOLT is a Global Equities fund actively managed by Tema. Both are actively managed. Over the past year, RNWZ returned 31.84% vs 64.69% for VOLT. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

RNWZ vs. VOLT - Performance Comparison

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

Returns By Period

In the year-to-date period, RNWZ achieves a 13.62% return, which is significantly lower than VOLT's 40.29% return.

RNWZ

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

VOLT

• 1D: -3.50%
• 1M: 2.50%
• YTD: 40.29%
• 6M: 38.12%
• 1Y: 64.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RNWZ vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	13.62%	36.33%	-8.15%
VOLT Tema Electrification ETF	40.29%	25.92%	-8.98%

Correlation

The correlation between RNWZ and VOLT is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.48

The correlation between RNWZ and VOLT has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.

RNWZ vs. VOLT - Sectors Allocation Comparison

Sectors	RNWZ	VOLT
Utilities	41.0%	31.0%
Financial Services	6.7%	0.5%
Industrials	5.3%	47.0%
Basic Materials	4.8%	-
Energy	3.7%	4.7%
Real Estate	3.1%	-
Communication Services	-	-
Consumer Cyclical	-	3.4%
Consumer Defensive	-	-
Healthcare	-	-
Technology	-	12.9%

Return for Risk

RNWZ vs. VOLT — Risk / Return Rank

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

RNWZ

RNWZ Risk / Return Rank: 71
RNWZ Sharpe Ratio Rank: 70
RNWZ Sortino Ratio Rank: 68
RNWZ Omega Ratio Rank: 67
RNWZ Calmar Ratio Rank: 85
RNWZ Martin Ratio Rank: 67

VOLT

VOLT Risk / Return Rank: 89
VOLT Sharpe Ratio Rank: 91
VOLT Sortino Ratio Rank: 86
VOLT Omega Ratio Rank: 85
VOLT Calmar Ratio Rank: 94
VOLT Martin Ratio Rank: 89

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. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and Tema Electrification ETF (VOLT). 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	VOLT	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.99	-0.90
Sortino ratio: Return per unit of downside risk	2.86	3.71	-0.84
Omega ratio: Gain probability vs. loss probability	1.37	1.49	-0.12
Calmar ratio: Return relative to maximum drawdown	4.34	6.78	-2.44
Martin ratio: Return relative to average drawdown	11.33	18.99	-7.66

RNWZ vs. VOLT - Sharpe Ratio Comparison

The current RNWZ Sharpe Ratio is 2.10, which is comparable to the VOLT Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of RNWZ and VOLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RNWZ vs. VOLT - Drawdown Comparison

The maximum RNWZ drawdown since its inception was -24.90%, which is greater than VOLT's maximum drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for RNWZ and VOLT.

Drawdown Indicators

	RNWZ	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-24.90%	-23.40%	-1.50%
Max Drawdown (1Y) Largest decline over 1 year	-7.36%	-9.59%	+2.23%
Max Drawdown (3Y) Largest decline over 3 years	-24.74%	—	—
Current Drawdown Current decline from peak	-6.64%	-3.50%	-3.14%
Average Drawdown Average peak-to-trough decline	-7.16%	-5.14%	-2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	3.42%	-0.60%

Volatility

RNWZ vs. VOLT - Volatility Comparison

The current volatility for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) is 3.99%, while Tema Electrification ETF (VOLT) has a volatility of 9.40%. This indicates that RNWZ experiences smaller price fluctuations and is considered to be less risky than VOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RNWZ	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	9.40%	-5.41%
Volatility (6M) Calculated over the trailing 6-month period	12.21%	18.29%	-6.08%
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	21.75%	-6.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	24.55%	-7.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	24.55%	-7.60%

RNWZ vs. VOLT - Expense Ratio Comparison

Both RNWZ and VOLT have an expense ratio of 0.75%.

Dividends

RNWZ vs. VOLT - Dividend Comparison

RNWZ's dividend yield for the trailing twelve months is around 1.97%, more than VOLT's 0.32% yield.

Position	TTM	2025	2024	2023	2022
RNWZ TrueShares Eagle Global Renewable Energy Income ETF	1.97%	2.12%	2.36%	3.87%	0.01%
VOLT Tema Electrification ETF	0.32%	0.46%	0.01%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RNWZ and VOLT in my portfolio?

RNWZ and VOLT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RNWZ or VOLT?

VOLT has higher volatility (9.40%) compared to RNWZ (3.99%). In terms of maximum drawdown, RNWZ dropped -24.90% vs VOLT's -23.40%.

Which ETF is better, RNWZ or VOLT?

On 1-year performance, VOLT leads with 64.69% vs 31.84% for RNWZ. Both ETFs have the same 0.75% expense ratio. 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.

Which ETF has performed better, RNWZ or VOLT?

Over the 1-year period, VOLT has performed better with a 64.69% return vs 31.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RNWZ or VOLT?

RNWZ and VOLT have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, RNWZ or VOLT?

RNWZ has the higher dividend yield at 1.97%, compared with 0.32% for VOLT.

What is the main difference between RNWZ and VOLT?

RNWZ is categorized as Energy Equities, while VOLT is Global Equities. They also come from different issuers: TrueShares and Tema.

Which has better risk-adjusted returns?

VOLT currently has the higher Sharpe Ratio (2.99 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.