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State Street SPDR MSCI World Energy UCITS ETF (ENGW.L) Sharpe Ratio: 1.66

ETF · Currency in GBP · Last updated Jun 25, 2026

The State Street SPDR MSCI World Energy UCITS ETF is an accumulating equity fund that tracks developed-market energy companies through the MSCI World Energy 35/20 Capped Index.

ENGW.L's Sharpe Ratio of 1.66 indicates that for each unit of volatility, it generates 1.66 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 25, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

ENGW.L Sharpe Ratio Rank

ENGW.L Sharpe Ratio Rank: 55.556
Average

ENGW.L ranks above 55.5% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

ENGW.L Sharpe Ratio Market Positioning

The chart shows ENGW.L's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.82 or lower
  • Yellow zone (middle 50%): 0.82 to 2.07
  • Green zone (top 25%): 2.07 or higher
  • Top 1%: 6.86+
  • Median: 1.51 — half of all investments score higher

How it compares to other similar ETFs

The table compares State Street SPDR MSCI World Energy UCITS ETF's Sharpe Ratio with other ETFs in the Energy Equities category across multiple time periods, showing how ENGW.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 25, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
NRJL.LLyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist3.85
ANRJ.LAmundi ETF MSCI Europe Energy UCITS ETF3.23
RENG.LL&G Clean Energy UCITS ETF3.10
GCLX.LInvesco Global Clean Energy UCITS ETF Acc3.01
QCLN.LFirst Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc2.78
INRG.LiShares Global Clean Energy UCITS ETF USD (Dist)2.68
RAYS.LInvesco Solar Energy UCITS ETF Acc2.59
GCLE.LInvesco Global Clean Energy UCITS ETF Acc2.53
GCED.LInvesco Global Clean Energy UCITS ETF Dist2.52
RNRU.LGlobal X Renewable Energy Producers UCITS ETF USD Accumulating2.39
ENGW.LState Street SPDR MSCI World Energy UCITS ETF1.66

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ENGW.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ENGW.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does ENGW.L fit in your portfolio?

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