ZPDE.DE vs. RENW.DE
ZPDE.DE (SPDR S&P US Energy Select Sector UCITS ETF) and RENW.DE (L&G Clean Energy UCITS ETF) are both Energy Equities funds - ZPDE.DE tracks the S&P Energy Select Sector while RENW.DE tracks the Solactive Clean Energy. Both are passively managed. Over the past 5 years, ZPDE.DE returned 21.32%/yr vs 9.15%/yr for RENW.DE. At a 0.24 correlation, their price movements are largely independent. ZPDE.DE charges 0.15%/yr vs 0.49%/yr for RENW.DE.
Performance
ZPDE.DE vs. RENW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDE.DE achieves a 32.72% return, which is significantly lower than RENW.DE's 43.00% return.
ZPDE.DE
- 1D
- -0.53%
- 1M
- -0.30%
- YTD
- 32.72%
- 6M
- 29.61%
- 1Y
- 43.77%
- 3Y*
- 14.16%
- 5Y*
- 21.32%
- 10Y*
- 9.33%
RENW.DE
- 1D
- -1.77%
- 1M
- 4.66%
- YTD
- 43.00%
- 6M
- 41.09%
- 1Y
- 80.00%
- 3Y*
- 15.60%
- 5Y*
- 9.15%
- 10Y*
- —
ZPDE.DE vs. RENW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPDE.DE SPDR S&P US Energy Select Sector UCITS ETF | 32.72% | -2.67% | 9.39% | -2.97% | 71.20% | 66.70% | 10.41% |
RENW.DE L&G Clean Energy UCITS ETF | 43.00% | 35.27% | -9.64% | -11.30% | -3.32% | 1.09% | 18.53% |
Correlation
The correlation between ZPDE.DE and RENW.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.24 |
The correlation between ZPDE.DE and RENW.DE shifts across timeframes, from -0.06 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ZPDE.DE vs. RENW.DE — Risk / Return Rank
ZPDE.DE
RENW.DE
ZPDE.DE vs. RENW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Energy Select Sector UCITS ETF (ZPDE.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.
| ZPDE.DE | RENW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.56 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 9.22 | -6.68 |
| Martin ratioReturn relative to average drawdown | 8.09 | 34.50 | -26.41 |
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
| ZPDE.DE | RENW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 3.49 | -1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.41 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.49 | -0.23 |
Drawdowns
ZPDE.DE vs. RENW.DE - Drawdown Comparison
The maximum ZPDE.DE drawdown since its inception was -65.58%, which is greater than RENW.DE's maximum drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for ZPDE.DE and RENW.DE.
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Drawdown Indicators
| ZPDE.DE | RENW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -43.93% | -21.65% |
Max Drawdown (1Y)Largest decline over 1 year | -17.16% | -8.63% | -8.53% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -35.00% | +8.03% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | -42.30% | +15.33% |
Max Drawdown (10Y)Largest decline over 10 years | -65.58% | — | — |
Current DrawdownCurrent decline from peak | -8.87% | -3.64% | -5.23% |
Average DrawdownAverage peak-to-trough decline | -17.28% | -17.33% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 2.31% | +3.09% |
Volatility
ZPDE.DE vs. RENW.DE - Volatility Comparison
The current volatility for SPDR S&P US Energy Select Sector UCITS ETF (ZPDE.DE) is 7.53%, while L&G Clean Energy UCITS ETF (RENW.DE) has a volatility of 8.24%. This indicates that ZPDE.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.
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Volatility by Period
| ZPDE.DE | RENW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 8.24% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 16.85% | +3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 22.80% | +1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.90% | 22.02% | +4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 22.48% | +6.41% |
ZPDE.DE vs. RENW.DE - Expense Ratio Comparison
ZPDE.DE has a 0.15% expense ratio, which is lower than RENW.DE's 0.49% expense ratio.
Dividends
ZPDE.DE vs. RENW.DE - Dividend Comparison
Neither ZPDE.DE nor RENW.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDE.DE and RENW.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDE.DE is cheaper with a 0.15% expense ratio, compared with 0.49% for RENW.DE.
ZPDE.DE tracks S&P Energy Select Sector, while RENW.DE tracks Solactive Clean Energy. They also come from different issuers: State Street and Legal & General. Their fees differ too: 0.15% for ZPDE.DE and 0.49% for RENW.DE.
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