ANRJ.L vs. WDEE.L

Last updated Jun 26, 2026

ANRJ.L (Amundi ETF MSCI Europe Energy UCITS ETF) and WDEE.L (Invesco S&P World Energy Targeted & Screened UCITS ETF Acc) are both Energy Equities funds - ANRJ.L tracks the MSCI World/Energy NR USD while WDEE.L tracks the S&P World Energy Targeted & Screened Index. Both are passively managed. Over the past 3 years, ANRJ.L returned 32.49%/yr vs 14.91%/yr for WDEE.L. At a 0.34 correlation, their price movements are largely independent. ANRJ.L charges 0.25%/yr vs 0.18%/yr for WDEE.L.

Performance

ANRJ.L vs. WDEE.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 Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with ANRJ.L having a 24.66% return and WDEE.L slightly higher at 24.76%.

ANRJ.L

• 1D: -0.51%
• 1M: -5.76%
• YTD: 24.66%
• 6M: 24.68%
• 1Y: 61.06%
• 3Y*: 32.49%
• 5Y*: 27.43%
• 10Y*: 15.38%

WDEE.L

• 1D: 0.00%
• 1M: -5.14%
• YTD: 24.76%
• 6M: 26.15%
• 1Y: 34.71%
• 3Y*: 14.91%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023
ANRJ.L Amundi ETF MSCI Europe Energy UCITS ETF	24.66%	43.26%	10.68%	8.15%
WDEE.L Invesco S&P World Energy Targeted & Screened UCITS ETF Acc	24.76%	1.24%	5.84%	5.35%

Correlation

The correlation between ANRJ.L and WDEE.L is 0.03, 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	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (All Time) Calculated using the full available price history since Apr 12, 2023	0.34

Over the past year, the correlation between ANRJ.L and WDEE.L has dropped to 0.03 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

Return for Risk

ANRJ.L vs. WDEE.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: 93
ANRJ.L Sharpe Ratio Rank: 95
ANRJ.L Sortino Ratio Rank: 93
ANRJ.L Omega Ratio Rank: 91
ANRJ.L Calmar Ratio Rank: 95
ANRJ.L Martin Ratio Rank: 92

WDEE.L

WDEE.L Risk / Return Rank: 53
WDEE.L Sharpe Ratio Rank: 51
WDEE.L Sortino Ratio Rank: 47
WDEE.L Omega Ratio Rank: 47
WDEE.L Calmar Ratio Rank: 66
WDEE.L Martin Ratio Rank: 53

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. WDEE.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 Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.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	WDEE.L	Difference
Sharpe ratio: Return per unit of total volatility	3.21	1.77	+1.44
Sortino ratio: Return per unit of downside risk	4.01	2.29	+1.72
Omega ratio: Gain probability vs. loss probability	1.51	1.31	+0.19
Calmar ratio: Return relative to maximum drawdown	6.60	2.91	+3.69
Martin ratio: Return relative to average drawdown	19.17	8.35	+10.82

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

The current ANRJ.L Sharpe Ratio is 3.21, which is higher than the WDEE.L Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of ANRJ.L and WDEE.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. WDEE.L - Drawdown Comparison

The maximum ANRJ.L drawdown since its inception was -57.08%, which is greater than WDEE.L's maximum drawdown of -21.91%. Use the drawdown chart below to compare losses from any high point for ANRJ.L and WDEE.L.

Drawdown Indicators

	ANRJ.L	WDEE.L	Difference
Max Drawdown Largest peak-to-trough decline	-57.08%	-21.91%	-35.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.20%	-11.86%	+2.66%
Max Drawdown (3Y) Largest decline over 3 years	-13.17%	-21.91%	+8.74%
Max Drawdown (5Y) Largest decline over 5 years	-19.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-57.08%	—	—
Current Drawdown Current decline from peak	-5.76%	-9.63%	+3.87%
Average Drawdown Average peak-to-trough decline	-13.70%	-7.28%	-6.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	4.14%	-0.96%

Volatility

ANRJ.L vs. WDEE.L - Volatility Comparison

The current volatility for Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L) is 5.31%, while Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L) has a volatility of 6.80%. This indicates that ANRJ.L experiences smaller price fluctuations and is considered to be less risky than WDEE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANRJ.L	WDEE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.31%	6.80%	-1.49%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	16.51%	-2.63%
Volatility (1Y) Calculated over the trailing 1-year period	18.95%	19.58%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.56%	19.37%	+2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.69%	19.37%	+5.32%

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

ANRJ.L has a 0.25% expense ratio, which is higher than WDEE.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. WDEE.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

ANRJ.L and WDEE.L have a correlation of 0.03, 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 WDEE.L?

On fees, WDEE.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 WDEE.L?

WDEE.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 WDEE.L?

ANRJ.L tracks MSCI World/Energy NR USD, while WDEE.L tracks S&P World Energy Targeted & Screened Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.25% for ANRJ.L and 0.18% for WDEE.L.