CWEU.L vs. WENS.L
CWEU.L (Amundi MSCI World Energy UCITS ETF-C USD) and WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from Amundi and iShares respectively. Both are passively managed. Over the past 3 years, CWEU.L returned 11.70%/yr vs 16.80%/yr for WENS.L. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
CWEU.L vs. WENS.L - Performance Comparison
Loading charts...
Different Trading Currencies
CWEU.L is traded in USD, while WENS.L is traded in GBP. To make them comparable, the WENS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with CWEU.L having a 30.88% return and WENS.L slightly higher at 31.06%.
CWEU.L
- 1D
- -1.33%
- 1M
- -1.86%
- YTD
- 30.88%
- 6M
- 30.34%
- 1Y
- 55.06%
- 3Y*
- 11.70%
- 5Y*
- —
- 10Y*
- —
WENS.L
- 1D
- -0.38%
- 1M
- -1.47%
- YTD
- 31.06%
- 6M
- 27.61%
- 1Y
- 42.63%
- 3Y*
- 16.80%
- 5Y*
- —
- 10Y*
- —
CWEU.L vs. WENS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CWEU.L Amundi MSCI World Energy UCITS ETF-C USD | 30.88% | 26.39% | -20.71% | 2.18% | 12.11% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 31.06% | 11.03% | 0.39% | 3.17% | 16.86% |
Correlation
The correlation between CWEU.L and WENS.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.33 |
Over the past year, CWEU.L and WENS.L have become more correlated (0.59) than their long-term average of 0.33, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CWEU.L vs. WENS.L — Risk / Return Rank
CWEU.L
WENS.L
CWEU.L vs. WENS.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 MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.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.
| CWEU.L | WENS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.36 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 8.35 | 3.39 | +4.97 |
| Martin ratioReturn relative to average drawdown | 27.38 | 11.47 | +15.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CWEU.L | WENS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.26 | 2.06 | +1.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 0.69 | +0.53 |
Drawdowns
CWEU.L vs. WENS.L - Drawdown Comparison
The maximum CWEU.L drawdown since its inception was -29.78%, which is greater than WENS.L's maximum drawdown of -20.04%. Use the drawdown chart below to compare losses from any high point for CWEU.L and WENS.L.
Loading charts...
Drawdown Indicators
| CWEU.L | WENS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.78% | -20.04% | -9.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -12.53% | +5.97% |
Max Drawdown (3Y)Largest decline over 3 years | -27.62% | -20.04% | -7.58% |
Current DrawdownCurrent decline from peak | -1.86% | -5.96% | +4.10% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -5.44% | -3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 3.71% | -1.70% |
Volatility
CWEU.L vs. WENS.L - Volatility Comparison
The current volatility for Amundi MSCI World Energy UCITS ETF-C USD (CWEU.L) is 5.96%, while iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) has a volatility of 7.63%. This indicates that CWEU.L experiences smaller price fluctuations and is considered to be less risky than WENS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CWEU.L | WENS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 7.63% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 17.84% | -5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.80% | 20.64% | -3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.73% | 22.39% | +13.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.73% | 22.39% | +13.34% |
CWEU.L vs. WENS.L - Expense Ratio Comparison
Both CWEU.L and WENS.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CWEU.L vs. WENS.L - Dividend Comparison
Neither CWEU.L nor WENS.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CWEU.L Amundi MSCI World Energy UCITS ETF-C USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 0.00% | 0.00% | 1.75% | 3.61% | 1.77% |
Frequently Asked Questions
CWEU.L and WENS.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CWEU.L and WENS.L have the same expense ratio: 0.25% per year.
Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: Amundi and iShares.
Find the right allocation for CWEU.L and WENS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer