RNWZ vs. XES
Compare and contrast key facts about TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and SPDR S&P Oil & Gas Equipment & Services ETF (XES).
RNWZ and XES 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. XES is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Equipment & Services Select Industry Index. It was launched on Jun 19, 2006.
Performance
RNWZ vs. XES - Performance Comparison
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RNWZ vs. XES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 16.02% | 36.33% | -7.36% | -3.89% | -0.19% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 42.33% | 5.89% | -5.44% | 6.68% | 14.51% |
Returns By Period
In the year-to-date period, RNWZ achieves a 16.02% return, which is significantly lower than XES's 42.33% return.
RNWZ
- 1D
- 2.24%
- 1M
- 0.71%
- YTD
- 16.02%
- 6M
- 25.57%
- 1Y
- 47.86%
- 3Y*
- 12.20%
- 5Y*
- —
- 10Y*
- —
XES
- 1D
- 0.91%
- 1M
- 3.20%
- YTD
- 42.33%
- 6M
- 61.87%
- 1Y
- 65.92%
- 3Y*
- 17.22%
- 5Y*
- 17.28%
- 10Y*
- -2.35%
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RNWZ vs. XES - Expense Ratio Comparison
RNWZ has a 0.75% expense ratio, which is higher than XES's 0.35% expense ratio.
Return for Risk
RNWZ vs. XES — Risk / Return Rank
RNWZ
XES
RNWZ vs. XES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). 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 | XES | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.85 | 1.66 | +1.20 |
Sortino ratioReturn per unit of downside risk | 3.65 | 2.11 | +1.54 |
Omega ratioGain probability vs. loss probability | 1.54 | 1.31 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 4.79 | 2.40 | +2.40 |
Martin ratioReturn relative to average drawdown | 19.98 | 7.21 | +12.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RNWZ | XES | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 1.66 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | -0.08 | +0.73 |
Correlation
The correlation between RNWZ and XES is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RNWZ vs. XES - Dividend Comparison
RNWZ's dividend yield for the trailing twelve months is around 1.93%, more than XES's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 1.93% | 2.12% | 2.36% | 3.87% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.19% | 1.69% | 1.31% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.14% | 1.68% | 0.64% | 2.47% |
Drawdowns
RNWZ vs. XES - Drawdown Comparison
The maximum RNWZ drawdown since its inception was -24.90%, smaller than the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for RNWZ and XES.
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Drawdown Indicators
| RNWZ | XES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.90% | -95.65% | +70.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -27.52% | +17.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -91.23% | — |
Current DrawdownCurrent decline from peak | 0.00% | -72.51% | +72.51% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -54.22% | +46.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 9.14% | -6.74% |
Volatility
RNWZ vs. XES - Volatility Comparison
The current volatility for TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) is 6.69%, while SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a volatility of 7.76%. This indicates that RNWZ experiences smaller price fluctuations and is considered to be less risky than XES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNWZ | XES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 7.76% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 22.14% | -11.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 40.03% | -23.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 39.84% | -22.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 45.20% | -28.32% |