WNDG.L vs. RNRU.L
WNDG.L (Global X Wind Energy UCITS ETF USD Accumulating) and RNRU.L (Global X Renewable Energy Producers UCITS ETF USD Accumulating) are both Energy Equities funds from Global X tracking the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, WNDG.L returned -0.34%/yr vs 2.64%/yr for RNRU.L. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.
Performance
WNDG.L vs. RNRU.L - Performance Comparison
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Returns By Period
In the year-to-date period, WNDG.L achieves a 16.77% return, which is significantly lower than RNRU.L's 19.04% return.
WNDG.L
- 1D
- -1.72%
- 1M
- -7.33%
- YTD
- 16.77%
- 6M
- 17.87%
- 1Y
- 43.50%
- 3Y*
- -0.34%
- 5Y*
- —
- 10Y*
- —
RNRU.L
- 1D
- -2.01%
- 1M
- -0.63%
- YTD
- 19.04%
- 6M
- 18.21%
- 1Y
- 49.83%
- 3Y*
- 2.64%
- 5Y*
- —
- 10Y*
- —
WNDG.L vs. RNRU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WNDG.L Global X Wind Energy UCITS ETF USD Accumulating | 16.77% | 23.53% | -18.76% | -23.82% | -3.71% |
RNRU.L Global X Renewable Energy Producers UCITS ETF USD Accumulating | 19.04% | 24.83% | -21.90% | -19.50% | 7.70% |
Correlation
The correlation between WNDG.L and RNRU.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.61 |
The correlation between WNDG.L and RNRU.L has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.
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Return for Risk
WNDG.L vs. RNRU.L — Risk / Return Rank
WNDG.L
RNRU.L
WNDG.L vs. RNRU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Wind Energy UCITS ETF USD Accumulating (WNDG.L) and Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L). 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.
| WNDG.L | RNRU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.52 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.94 | 8.92 | -3.98 |
| Martin ratioReturn relative to average drawdown | 16.13 | 29.05 | -12.91 |
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
| WNDG.L | RNRU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 3.13 | -0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | -0.12 | -0.05 |
Drawdowns
WNDG.L vs. RNRU.L - Drawdown Comparison
The maximum WNDG.L drawdown since its inception was -52.03%, roughly equal to the maximum RNRU.L drawdown of -53.53%. Use the drawdown chart below to compare losses from any high point for WNDG.L and RNRU.L.
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Drawdown Indicators
| WNDG.L | RNRU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.03% | -53.53% | +1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -5.56% | -3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -39.56% | -37.25% | -2.31% |
Current DrawdownCurrent decline from peak | -21.30% | -20.48% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -28.82% | -29.04% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 1.71% | +0.98% |
Volatility
WNDG.L vs. RNRU.L - Volatility Comparison
The current volatility for Global X Wind Energy UCITS ETF USD Accumulating (WNDG.L) is 4.77%, while Global X Renewable Energy Producers UCITS ETF USD Accumulating (RNRU.L) has a volatility of 5.73%. This indicates that WNDG.L experiences smaller price fluctuations and is considered to be less risky than RNRU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WNDG.L | RNRU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 5.73% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 11.94% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 15.86% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.70% | 18.35% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.70% | 18.35% | +2.35% |
WNDG.L vs. RNRU.L - Expense Ratio Comparison
Both WNDG.L and RNRU.L have an expense ratio of 0.50%.
Dividends
WNDG.L vs. RNRU.L - Dividend Comparison
Neither WNDG.L nor RNRU.L has paid dividends to shareholders.
Frequently Asked Questions
WNDG.L and RNRU.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WNDG.L and RNRU.L have the same expense ratio: 0.50% per year.
Both ETFs track S&P Global Clean Energy TR USD.
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