CWEU.L vs. IOGP.L
CWEU.L (Amundi MSCI World Energy UCITS ETF-C USD) and IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) are both Energy Equities funds - CWEU.L tracks the MSCI World/Energy NR USD while IOGP.L tracks the S&P Commodity Producers Oil & Gas Exploration & Production Index. Both are passively managed. Over the past 10 years, CWEU.L returned 7.08%/yr vs 6.62%/yr for IOGP.L. Their correlation of 0.82 suggests significant overlap in exposure. CWEU.L charges 0.25%/yr vs 0.55%/yr for IOGP.L.
Performance
CWEU.L vs. IOGP.L - Performance Comparison
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Returns By Period
In the year-to-date period, CWEU.L achieves a 37.46% return, which is significantly higher than IOGP.L's 20.93% return. Over the past 10 years, CWEU.L has outperformed IOGP.L with an annualized return of 7.08%, while IOGP.L has yielded a comparatively lower 6.62% annualized return.
CWEU.L
- 1D
- 1.38%
- 1M
- 10.36%
- 6M
- 32.86%
- YTD
- 37.46%
- 1Y
- 50.58%
- 3Y*
- 11.64%
- 5Y*
- 17.64%
- 10Y*
- 7.08%
IOGP.L
- 1D
- 0.74%
- 1M
- 2.20%
- 6M
- 20.88%
- YTD
- 20.93%
- 1Y
- 26.42%
- 3Y*
- 9.43%
- 5Y*
- 16.91%
- 10Y*
- 6.62%
CWEU.L vs. IOGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWEU.L Amundi MSCI World Energy UCITS ETF-C USD | 37.46% | 24.68% | -20.89% | 1.94% | 45.91% | 37.36% | -31.10% | 10.32% | -16.71% | 4.70% |
IOGP.L iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) | 20.93% | 6.27% | -0.86% | 2.69% | 37.85% | 67.31% | -31.65% | 8.07% | -20.89% | -4.74% |
Correlation
The correlation between CWEU.L and IOGP.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2011 | 0.82 |
Over the past year, the correlation between CWEU.L and IOGP.L has dropped to 0.57 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
CWEU.L vs. IOGP.L — Risk / Return Rank
CWEU.L
IOGP.L
CWEU.L vs. IOGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World Energy UCITS ETF-C USD (CWEU.L) and iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.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.
| CWEU.L | IOGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.19 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 5.98 | 1.35 | +4.63 |
| Martin ratioReturn relative to average drawdown | 19.46 | 3.54 | +15.92 |
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Drawdowns
CWEU.L vs. IOGP.L - Drawdown Comparison
The maximum CWEU.L drawdown since its inception was -69.57%, smaller than the maximum IOGP.L drawdown of -83.55%. Use the drawdown chart below to compare losses from any high point for CWEU.L and IOGP.L.
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Drawdown Indicators
| CWEU.L | IOGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.57% | -83.55% | +13.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.32% | -19.49% | +11.17% |
Max Drawdown (3Y)Largest decline over 3 years | -32.40% | -27.14% | -5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -34.42% | -32.42% | -2.00% |
Max Drawdown (10Y)Largest decline over 10 years | -64.38% | -74.36% | +9.98% |
Current DrawdownCurrent decline from peak | 0.00% | -13.83% | +13.83% |
Average DrawdownAverage peak-to-trough decline | -19.80% | -33.69% | +13.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 7.45% | -4.89% |
Volatility
CWEU.L vs. IOGP.L - Volatility Comparison
The current volatility for Amundi MSCI World Energy UCITS ETF-C USD (CWEU.L) is 4.37%, while iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) has a volatility of 6.52%. This indicates that CWEU.L experiences smaller price fluctuations and is considered to be less risky than IOGP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWEU.L | IOGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 6.52% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 13.73% | 21.24% | -7.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.14% | 25.30% | -8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.01% | 30.30% | -7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 32.70% | -7.28% |
CWEU.L vs. IOGP.L - Expense Ratio Comparison
CWEU.L has a 0.25% expense ratio, which is lower than IOGP.L's 0.55% expense ratio.
Dividends
CWEU.L vs. IOGP.L - Dividend Comparison
Neither CWEU.L nor IOGP.L has paid dividends to shareholders.
Frequently Asked Questions
CWEU.L and IOGP.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CWEU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CWEU.L is cheaper with a 0.25% expense ratio, compared with 0.55% for IOGP.L.
CWEU.L tracks MSCI World/Energy NR USD, while IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for CWEU.L and 0.55% for IOGP.L.
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