ANRJ.L vs. ACWL.L

Last updated Jun 5, 2026

ANRJ.L (Amundi ETF MSCI Europe Energy UCITS ETF) and ACWL.L (Lyxor MSCI All Country World UCITS ETF) are both exchange-traded funds - ANRJ.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while ACWL.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, ANRJ.L returned 16.23%/yr vs 13.71%/yr for ACWL.L. At a 0.16 correlation, their price movements are largely independent. ANRJ.L charges 0.25%/yr vs 0.45%/yr for ACWL.L.

Performance

ANRJ.L vs. ACWL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L) and Lyxor MSCI All Country World UCITS ETF (ACWL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANRJ.L achieves a 27.53% return, which is significantly higher than ACWL.L's 12.22% return. Over the past 10 years, ANRJ.L has outperformed ACWL.L with an annualized return of 16.23%, while ACWL.L has yielded a comparatively lower 13.71% annualized return.

ANRJ.L

• 1D: -0.73%
• 1M: -1.44%
• YTD: 27.53%
• 6M: 25.69%
• 1Y: 66.23%
• 3Y*: 33.07%
• 5Y*: 28.76%
• 10Y*: 16.23%

ACWL.L

• 1D: -0.20%
• 1M: 5.47%
• YTD: 12.22%
• 6M: 12.15%
• 1Y: 29.76%
• 3Y*: 17.87%
• 5Y*: 12.34%
• 10Y*: 13.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ANRJ.L vs. ACWL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANRJ.L Amundi ETF MSCI Europe Energy UCITS ETF	27.53%	43.26%	10.68%	9.79%	44.73%	26.52%	-27.94%	3.65%	0.61%	9.59%
ACWL.L Lyxor MSCI All Country World UCITS ETF	12.22%	13.63%	21.43%	13.09%	-8.59%	20.41%	9.74%	18.01%	2.02%	11.14%

Correlation

The correlation between ANRJ.L and ACWL.L is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Feb 3, 2015	0.16

Over the past year, ANRJ.L and ACWL.L have become more correlated (0.54) than their long-term average of 0.16, meaning their price movements have been converging.

ANRJ.L vs. ACWL.L - Sectors Allocation Comparison

Sectors	ANRJ.L	ACWL.L
Industrials	44.4%	10.9%
Basic Materials	25.7%	3.7%
Utilities	20.6%	2.6%
Consumer Cyclical	7.9%	9.3%
Technology	1.4%	29.3%
Communication Services	-	9.0%
Consumer Defensive	-	5.0%
Energy	-	4.2%
Financial Services	-	16.2%
Healthcare	-	8.1%
Real Estate	-	1.8%

Return for Risk

ANRJ.L vs. ACWL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ANRJ.L

ANRJ.L Risk / Return Rank: 95
ANRJ.L Sharpe Ratio Rank: 96
ANRJ.L Sortino Ratio Rank: 95
ANRJ.L Omega Ratio Rank: 94
ANRJ.L Calmar Ratio Rank: 95
ANRJ.L Martin Ratio Rank: 94

ACWL.L

ACWL.L Risk / Return Rank: 87
ACWL.L Sharpe Ratio Rank: 89
ACWL.L Sortino Ratio Rank: 89
ACWL.L Omega Ratio Rank: 90
ACWL.L Calmar Ratio Rank: 81
ACWL.L Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ANRJ.L vs. ACWL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L) and Lyxor MSCI All Country World UCITS ETF (ACWL.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.

	ANRJ.L	ACWL.L	Difference
Sharpe ratio: Return per unit of total volatility	4.01	3.01	+1.00
Sortino ratio: Return per unit of downside risk	5.12	4.09	+1.03
Omega ratio: Gain probability vs. loss probability	1.66	1.58	+0.08
Calmar ratio: Return relative to maximum drawdown	8.15	4.20	+3.96
Martin ratio: Return relative to average drawdown	26.14	17.39	+8.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANRJ.L vs. ACWL.L - Sharpe Ratio Comparison

The current ANRJ.L Sharpe Ratio is 4.01, which is higher than the ACWL.L Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of ANRJ.L and ACWL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ANRJ.L	ACWL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.01	3.01	+1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.36	1.89	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	2.60	-1.94
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	2.35	-1.87

Drawdowns

ANRJ.L vs. ACWL.L - Drawdown Comparison

The maximum ANRJ.L drawdown since its inception was -57.08%, which is greater than ACWL.L's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for ANRJ.L and ACWL.L.

Drawdown Indicators

	ANRJ.L	ACWL.L	Difference
Max Drawdown Largest peak-to-trough decline	-57.08%	-18.15%	-38.93%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	-7.06%	-1.02%
Max Drawdown (3Y) Largest decline over 3 years	-13.17%	-18.15%	+4.98%
Max Drawdown (5Y) Largest decline over 5 years	-19.81%	-18.15%	-1.66%
Max Drawdown (10Y) Largest decline over 10 years	-57.08%	-18.15%	-38.93%
Current Drawdown Current decline from peak	-3.59%	-0.22%	-3.37%
Average Drawdown Average peak-to-trough decline	-11.86%	-2.43%	-9.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	1.71%	+0.82%

Volatility

ANRJ.L vs. ACWL.L - Volatility Comparison

Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L) has a higher volatility of 6.93% compared to Lyxor MSCI All Country World UCITS ETF (ACWL.L) at 2.63%. This indicates that ANRJ.L's price experiences larger fluctuations and is considered to be riskier than ACWL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANRJ.L	ACWL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.93%	2.63%	+4.30%
Volatility (6M) Calculated over the trailing 6-month period	13.53%	6.99%	+6.54%
Volatility (1Y) Calculated over the trailing 1-year period	16.43%	9.84%	+6.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.21%	16.52%	+4.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.69%	23.32%	+1.37%

ANRJ.L vs. ACWL.L - Expense Ratio Comparison

ANRJ.L has a 0.25% expense ratio, which is lower than ACWL.L's 0.45% expense ratio.

Dividends

ANRJ.L vs. ACWL.L - Dividend Comparison

Neither ANRJ.L nor ACWL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ANRJ.L and ACWL.L in my portfolio?

ANRJ.L and ACWL.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ANRJ.L or ACWL.L?

On fees, ANRJ.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ANRJ.L or ACWL.L?

ANRJ.L is cheaper with a 0.25% expense ratio, compared with 0.45% for ACWL.L.

What is the main difference between ANRJ.L and ACWL.L?

ANRJ.L is categorized as Energy Equities, while ACWL.L is Global Equities. ANRJ.L tracks MSCI World/Energy NR USD, while ACWL.L tracks MSCI ACWI NR USD. Their fees differ too: 0.25% for ANRJ.L and 0.45% for ACWL.L.