ANRJ.L vs. ENGY.L

Last updated Jul 16, 2026

ANRJ.L (Amundi ETF MSCI Europe Energy UCITS ETF) and ENGY.L (SPDR® MSCI Europe Energy UCITS ETF) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from Amundi and State Street respectively. Both are passively managed. Over the past 10 years, ANRJ.L returned 13.59%/yr vs 9.89%/yr for ENGY.L. Their correlation of 0.80 suggests significant overlap in exposure. ANRJ.L charges 0.25%/yr vs 0.18%/yr for ENGY.L.

Performance

ANRJ.L vs. ENGY.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 SPDR® MSCI Europe Energy UCITS ETF (ENGY.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ANRJ.L is traded in GBp, while ENGY.L is traded in EUR. To make them comparable, the ENGY.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ANRJ.L achieves a 18.84% return, which is significantly lower than ENGY.L's 26.40% return. Over the past 10 years, ANRJ.L has outperformed ENGY.L with an annualized return of 13.59%, while ENGY.L has yielded a comparatively lower 9.89% annualized return.

ANRJ.L

• 1D: -1.99%
• 1M: -4.07%
• 6M: 9.26%
• YTD: 18.84%
• 1Y: 46.01%
• 3Y*: 30.48%
• 5Y*: 28.40%
• 10Y*: 13.59%

ENGY.L

• 1D: -0.89%
• 1M: 0.19%
• 6M: 23.38%
• YTD: 26.40%
• 1Y: 37.62%
• 3Y*: 15.88%
• 5Y*: 20.07%
• 10Y*: 9.89%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANRJ.L Amundi ETF MSCI Europe Energy UCITS ETF	18.84%	43.26%	10.68%	9.79%	44.73%	26.52%	-27.94%	3.65%	0.61%	9.59%
ENGY.L SPDR® MSCI Europe Energy UCITS ETF	26.40%	20.09%	-9.05%	5.80%	46.02%	27.72%	-27.49%	2.88%	1.25%	9.76%

Correlation

The correlation between ANRJ.L and ENGY.L is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Dec 12, 2014	0.80

Over the past year, the correlation between ANRJ.L and ENGY.L has dropped to 0.04 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

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

Sectors	ANRJ.L	ENGY.L
Industrials	37.2%	0.2%
Basic Materials	27.4%	0.1%
Utilities	25.2%	0.0%
Consumer Cyclical	8.8%	0.1%
Technology	1.4%	0.1%
Communication Services	-	0.8%
Consumer Defensive	-	0.1%
Energy	-	98.4%
Financial Services	-	0.2%
Healthcare	-	0.1%
Real Estate	-	0.0%

Return for Risk

ANRJ.L vs. ENGY.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: 85
ANRJ.L Sharpe Ratio Rank: 89
ANRJ.L Sortino Ratio Rank: 85
ANRJ.L Omega Ratio Rank: 80
ANRJ.L Calmar Ratio Rank: 91
ANRJ.L Martin Ratio Rank: 81

ENGY.L

ENGY.L Risk / Return Rank: 58
ENGY.L Sharpe Ratio Rank: 66
ENGY.L Sortino Ratio Rank: 56
ENGY.L Omega Ratio Rank: 63
ENGY.L Calmar Ratio Rank: 55
ENGY.L Martin Ratio Rank: 52

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. ENGY.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 SPDR® MSCI Europe Energy UCITS ETF (ENGY.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ANRJ.L	ENGY.L	Difference
Sharpe ratio: Return per unit of total volatility	2.36	1.62	+0.74
Sortino ratio: Return per unit of downside risk	3.06	2.07	+1.00
Omega ratio: Gain probability vs. loss probability	1.38	1.29	+0.08
Calmar ratio: Return relative to maximum drawdown	4.51	1.93	+2.57
Martin ratio: Return relative to average drawdown	12.41	5.98	+6.43

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

The current ANRJ.L Sharpe Ratio is 2.36, which is higher than the ENGY.L Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of ANRJ.L and ENGY.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.

Drawdowns

ANRJ.L vs. ENGY.L - Drawdown Comparison

The maximum ANRJ.L drawdown since its inception was -57.08%, roughly equal to the maximum ENGY.L drawdown of -56.13%. Use the drawdown chart below to compare losses from any high point for ANRJ.L and ENGY.L.

Drawdown Indicators

	ANRJ.L	ENGY.L	Difference
Max Drawdown Largest peak-to-trough decline	-57.08%	-56.13%	-0.95%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-19.35%	+9.19%
Max Drawdown (3Y) Largest decline over 3 years	-13.17%	-26.58%	+13.41%
Max Drawdown (5Y) Largest decline over 5 years	-19.81%	-26.58%	+6.77%
Max Drawdown (10Y) Largest decline over 10 years	-57.08%	-56.13%	-0.95%
Current Drawdown Current decline from peak	-10.16%	-12.32%	+2.16%
Average Drawdown Average peak-to-trough decline	-13.68%	-12.24%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	6.27%	-2.57%

Volatility

ANRJ.L vs. ENGY.L - Volatility Comparison

The current volatility for Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L) is 5.75%, while SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) has a volatility of 7.35%. This indicates that ANRJ.L experiences smaller price fluctuations and is considered to be less risky than ENGY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANRJ.L	ENGY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	7.35%	-1.60%
Volatility (6M) Calculated over the trailing 6-month period	14.35%	20.13%	-5.78%
Volatility (1Y) Calculated over the trailing 1-year period	19.42%	23.15%	-3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.53%	23.60%	-2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.68%	25.69%	-1.01%

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

ANRJ.L has a 0.25% expense ratio, which is higher than ENGY.L's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ANRJ.L vs. ENGY.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

ANRJ.L and ENGY.L have a correlation of 0.04, 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 ENGY.L?

On fees, ENGY.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

ENGY.L is cheaper with a 0.18% expense ratio, compared with 0.25% for ANRJ.L.

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

Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.25% for ANRJ.L and 0.18% for ENGY.L.