WDEE.DE vs. RENW.DE
WDEE.DE (Invesco S&P World Energy ESG UCITS ETF Acc) and RENW.DE (L&G Clean Energy UCITS ETF) are both Energy Equities funds - WDEE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy while RENW.DE tracks the Solactive Clean Energy. Both are passively managed. Over the past 3 years, WDEE.DE returned 16.13%/yr vs 15.60%/yr for RENW.DE. At a 0.21 correlation, their price movements are largely independent. WDEE.DE charges 0.18%/yr vs 0.49%/yr for RENW.DE.
Performance
WDEE.DE vs. RENW.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WDEE.DE achieves a 33.31% return, which is significantly lower than RENW.DE's 43.00% return.
WDEE.DE
- 1D
- 2.19%
- 1M
- -0.24%
- YTD
- 33.31%
- 6M
- 28.72%
- 1Y
- 38.58%
- 3Y*
- 16.13%
- 5Y*
- —
- 10Y*
- —
RENW.DE
- 1D
- -1.77%
- 1M
- 4.66%
- YTD
- 43.00%
- 6M
- 41.09%
- 1Y
- 80.00%
- 3Y*
- 15.60%
- 5Y*
- 9.15%
- 10Y*
- —
WDEE.DE vs. RENW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WDEE.DE Invesco S&P World Energy ESG UCITS ETF Acc | 33.31% | -2.96% | 9.29% | 6.37% |
RENW.DE L&G Clean Energy UCITS ETF | 43.00% | 35.27% | -9.64% | -13.22% |
Correlation
The correlation between WDEE.DE and RENW.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.21 |
The correlation between WDEE.DE and RENW.DE shifts across timeframes, from -0.02 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WDEE.DE vs. RENW.DE — Risk / Return Rank
WDEE.DE
RENW.DE
WDEE.DE vs. RENW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Energy ESG UCITS ETF Acc (WDEE.DE) 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.
| WDEE.DE | RENW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.56 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 9.22 | -6.28 |
| Martin ratioReturn relative to average drawdown | 9.51 | 34.50 | -25.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WDEE.DE | RENW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 3.49 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.49 | +0.20 |
Drawdowns
WDEE.DE vs. RENW.DE - Drawdown Comparison
The maximum WDEE.DE drawdown since its inception was -23.77%, smaller than the maximum RENW.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for WDEE.DE and RENW.DE.
Loading charts...
Drawdown Indicators
| WDEE.DE | RENW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -43.93% | +20.16% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -8.63% | -3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -35.00% | +11.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.30% | — |
Current DrawdownCurrent decline from peak | -4.37% | -3.64% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -17.33% | +10.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 2.31% | +1.54% |
Volatility
WDEE.DE vs. RENW.DE - Volatility Comparison
The current volatility for Invesco S&P World Energy ESG UCITS ETF Acc (WDEE.DE) is 7.54%, while L&G Clean Energy UCITS ETF (RENW.DE) has a volatility of 8.24%. This indicates that WDEE.DE 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.
Loading charts...
Volatility by Period
| WDEE.DE | RENW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 8.24% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 17.53% | 16.85% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.89% | 22.80% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.94% | 22.02% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.94% | 22.48% | -2.54% |
WDEE.DE vs. RENW.DE - Expense Ratio Comparison
WDEE.DE has a 0.18% expense ratio, which is lower than RENW.DE's 0.49% expense ratio.
Dividends
WDEE.DE vs. RENW.DE - Dividend Comparison
Neither WDEE.DE nor RENW.DE has paid dividends to shareholders.
Frequently Asked Questions
WDEE.DE and RENW.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDEE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDEE.DE is cheaper with a 0.18% expense ratio, compared with 0.49% for RENW.DE.
WDEE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy, while RENW.DE tracks Solactive Clean Energy. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.18% for WDEE.DE and 0.49% for RENW.DE.
Find the right allocation for WDEE.DE and RENW.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer