RNWZ vs SPY
TrueShares Eagle Global Renewable Energy Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | RNWZ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.09% | |
| AUM | $6M | $821.1B | |
| Dividend Yield | 1.24% | 1.01% | |
| Holdings | 24 | 505 | |
| YTD Return | +15.60% | +12.68% | |
| 1Y Return | +7.55% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 19.9% | 15.3% | |
| Max Drawdown | -24.9% | -56.5% | |
| Fund Family | TrueShares | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 8, 2022 | Jan 22, 1993 |
RNWZ vs SPY Performance
TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) is a ETF from TrueShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year RNWZ returned +7.55% while SPY returned +21.82%. Year to date, RNWZ is up 15.60% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
RNWZ has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -24.9% for RNWZ and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RNWZ charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, RNWZ currently yields 1.24% against 1.01% for SPY.
Holdings Overlap
RNWZ and SPY share 5 holdings out of 523 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RNWZ or SPY?
RNWZ has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, RNWZ or SPY?
Over the past year RNWZ returned +7.55% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), RNWZ annualized +1.43% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, RNWZ or SPY?
RNWZ has been the more volatile fund at 19.9% annualized versus 15.3% for SPY. Worst drawdown: RNWZ -24.9% vs SPY -56.5%.
Should I hold both RNWZ and SPY?
RNWZ and SPY have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RNWZ and SPY?
RNWZ and SPY share 5 common holdings with a 0.6% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, RNWZ or SPY?
RNWZ yields 1.24% while SPY yields 1.01%, so RNWZ currently pays the higher dividend yield.
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