XES vs. RNWZ
Compare and contrast key facts about SPDR S&P Oil & Gas Equipment & Services ETF (XES) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ).
XES and RNWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. RNWZ is an actively managed fund by TrueShares. It was launched on Dec 7, 2022.
Performance
XES vs. RNWZ - Performance Comparison
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XES vs. RNWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XES SPDR S&P Oil & Gas Equipment & Services ETF | 39.21% | 5.89% | -5.44% | 6.68% | 14.51% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 16.02% | 36.33% | -7.36% | -3.89% | -0.19% |
Returns By Period
In the year-to-date period, XES achieves a 39.21% return, which is significantly higher than RNWZ's 16.02% return.
XES
- 1D
- -2.19%
- 1M
- 0.77%
- YTD
- 39.21%
- 6M
- 55.34%
- 1Y
- 59.95%
- 3Y*
- 16.36%
- 5Y*
- 16.76%
- 10Y*
- -2.56%
RNWZ
- 1D
- 2.24%
- 1M
- 0.71%
- YTD
- 16.02%
- 6M
- 25.57%
- 1Y
- 47.86%
- 3Y*
- 12.20%
- 5Y*
- —
- 10Y*
- —
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XES vs. RNWZ - Expense Ratio Comparison
XES has a 0.35% expense ratio, which is lower than RNWZ's 0.75% expense ratio.
Return for Risk
XES vs. RNWZ — Risk / Return Rank
XES
RNWZ
XES vs. RNWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Oil & Gas Equipment & Services ETF (XES) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). 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.
| XES | RNWZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 2.85 | -1.35 |
Sortino ratioReturn per unit of downside risk | 1.97 | 3.65 | -1.68 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.54 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 4.79 | -2.53 |
Martin ratioReturn relative to average drawdown | 6.81 | 19.98 | -13.17 |
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
| XES | RNWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 2.85 | -1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.65 | -0.73 |
Correlation
The correlation between XES and RNWZ 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
XES vs. RNWZ - Dividend Comparison
XES's dividend yield for the trailing twelve months is around 1.22%, less than RNWZ's 1.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.22% | 1.69% | 1.31% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.14% | 1.68% | 0.64% | 2.47% |
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% |
Drawdowns
XES vs. RNWZ - Drawdown Comparison
The maximum XES drawdown since its inception was -95.65%, which is greater than RNWZ's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for XES and RNWZ.
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Drawdown Indicators
| XES | RNWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.65% | -24.90% | -70.75% |
Max Drawdown (1Y)Largest decline over 1 year | -27.52% | -9.98% | -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 | -73.12% | 0.00% | -73.12% |
Average DrawdownAverage peak-to-trough decline | -54.22% | -7.44% | -46.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.15% | 2.40% | +6.75% |
Volatility
XES vs. RNWZ - Volatility Comparison
SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a higher volatility of 7.93% compared to TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) at 6.69%. This indicates that XES's price experiences larger fluctuations and is considered to be riskier than RNWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XES | RNWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.93% | 6.69% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 22.22% | 10.83% | +11.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.10% | 16.85% | +23.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.83% | 16.88% | +22.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.19% | 16.88% | +28.31% |