VNM vs. RENW.DE

Last updated Jun 9, 2026

VNM (VanEck Vectors Vietnam ETF) and RENW.DE (L&G Clean Energy UCITS ETF) are both exchange-traded funds - VNM is a Asia Pacific Equities fund tracking the MVIS Vietnam Index, while RENW.DE is a Energy Equities fund tracking the Solactive Clean Energy. Both are passively managed. Over the past 5 years, VNM returned -0.88%/yr vs 8.13%/yr for RENW.DE. At a 0.21 correlation, their price movements are largely independent. VNM charges 0.68%/yr vs 0.49%/yr for RENW.DE.

Performance

VNM vs. RENW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Vietnam ETF (VNM) and L&G Clean Energy UCITS ETF (RENW.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VNM is traded in USD, while RENW.DE is traded in EUR. To make them comparable, the RENW.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VNM achieves a -6.92% return, which is significantly lower than RENW.DE's 41.33% return.

VNM

• 1D: -1.28%
• 1M: -10.17%
• YTD: -6.92%
• 6M: -4.93%
• 1Y: 30.47%
• 3Y*: 12.57%
• 5Y*: -0.88%
• 10Y*: 3.11%

RENW.DE

• 1D: -1.67%
• 1M: 2.80%
• YTD: 41.33%
• 6M: 40.88%
• 1Y: 82.37%
• 3Y*: 18.75%
• 5Y*: 8.13%
• 10Y*: —

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

VNM vs. RENW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VNM VanEck Vectors Vietnam ETF	-6.92%	66.55%	-11.15%	15.01%	-43.74%	22.05%	12.51%
RENW.DE L&G Clean Energy UCITS ETF	41.33%	52.71%	-14.80%	-8.49%	-8.64%	-6.88%	23.72%

Correlation

The correlation between VNM and RENW.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Nov 12, 2020	0.21

Return for Risk

VNM vs. RENW.DE — Risk / Return Rank

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

VNM

VNM Risk / Return Rank: 35
VNM Sharpe Ratio Rank: 35
VNM Sortino Ratio Rank: 35
VNM Omega Ratio Rank: 33
VNM Calmar Ratio Rank: 40
VNM Martin Ratio Rank: 33

RENW.DE

RENW.DE Risk / Return Rank: 93
RENW.DE Sharpe Ratio Rank: 94
RENW.DE Sortino Ratio Rank: 92
RENW.DE Omega Ratio Rank: 89
RENW.DE Calmar Ratio Rank: 96
RENW.DE 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.

VNM vs. RENW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Vietnam ETF (VNM) and L&G Clean Energy UCITS ETF (RENW.DE). 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.

	VNM	RENW.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.14	3.44	-2.30
Sortino ratio: Return per unit of downside risk	1.70	4.27	-2.57
Omega ratio: Gain probability vs. loss probability	1.20	1.55	-0.34
Calmar ratio: Return relative to maximum drawdown	1.79	8.92	-7.13
Martin ratio: Return relative to average drawdown	4.55	31.69	-27.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VNM vs. RENW.DE - Sharpe Ratio Comparison

The current VNM Sharpe Ratio is 1.14, which is lower than the RENW.DE Sharpe Ratio of 3.44. The chart below compares the historical Sharpe Ratios of VNM and RENW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VNM	RENW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	3.44	-2.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	0.33	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.44	-0.46

Drawdowns

VNM vs. RENW.DE - Drawdown Comparison

The maximum VNM drawdown since its inception was -63.19%, which is greater than RENW.DE's maximum drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for VNM and RENW.DE.

Drawdown Indicators

	VNM	RENW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-63.19%	-49.43%	-13.76%
Max Drawdown (1Y) Largest decline over 1 year	-17.07%	-9.26%	-7.81%
Max Drawdown (3Y) Largest decline over 3 years	-31.60%	-34.69%	+3.09%
Max Drawdown (5Y) Largest decline over 5 years	-49.95%	-44.83%	-5.12%
Max Drawdown (10Y) Largest decline over 10 years	-51.67%	—	—
Current Drawdown Current decline from peak	-27.51%	-3.81%	-23.70%
Average Drawdown Average peak-to-trough decline	-37.83%	-23.77%	-14.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.74%	2.61%	+4.13%

Volatility

VNM vs. RENW.DE - Volatility Comparison

The current volatility for VanEck Vectors Vietnam ETF (VNM) is 4.90%, while L&G Clean Energy UCITS ETF (RENW.DE) has a volatility of 8.59%. This indicates that VNM experiences smaller price fluctuations and is considered to be less risky than RENW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VNM	RENW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	8.59%	-3.69%
Volatility (6M) Calculated over the trailing 6-month period	18.58%	18.09%	+0.49%
Volatility (1Y) Calculated over the trailing 1-year period	26.89%	24.02%	+2.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.27%	24.07%	+0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.47%	24.48%	-1.01%

VNM vs. RENW.DE - Expense Ratio Comparison

VNM has a 0.68% expense ratio, which is higher than RENW.DE's 0.49% expense ratio.

Dividends

VNM vs. RENW.DE - Dividend Comparison

VNM's dividend yield for the trailing twelve months is around 0.21%, while RENW.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RENW.DE L&G Clean Energy UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VNM VanEck Vectors Vietnam ETF	0.21%	0.20%	0.00%	5.21%	0.96%	0.49%	0.40%	0.76%	0.83%	1.14%	2.44%	3.69%

Frequently Asked Questions

Can I hold both VNM and RENW.DE in my portfolio?

VNM and RENW.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VNM or RENW.DE?

On fees, RENW.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VNM or RENW.DE?

RENW.DE is cheaper with a 0.49% expense ratio, compared with 0.68% for VNM.

What is the main difference between VNM and RENW.DE?

VNM is categorized as Asia Pacific Equities, while RENW.DE is Energy Equities. VNM tracks MVIS Vietnam Index, while RENW.DE tracks Solactive Clean Energy. They also come from different issuers: VanEck and Legal & General. Their fees differ too: 0.68% for VNM and 0.49% for RENW.DE.