ENGE.L vs. EYED.L
ENGE.L (SPDR MSCI Europe Energy UCITS ETF) and EYED.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from State Street and iShares respectively. Both are passively managed. Over the past 3 years, ENGE.L returned 17.62%/yr vs 17.65%/yr for EYED.L. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.18% expense ratio.
Performance
ENGE.L vs. EYED.L - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with ENGE.L having a 33.47% return and EYED.L slightly higher at 34.28%.
ENGE.L
- 1D
- -0.79%
- 1M
- -2.22%
- YTD
- 33.47%
- 6M
- 29.58%
- 1Y
- 58.37%
- 3Y*
- 17.62%
- 5Y*
- —
- 10Y*
- —
EYED.L
- 1D
- -1.18%
- 1M
- -2.75%
- YTD
- 34.28%
- 6M
- 30.34%
- 1Y
- 58.34%
- 3Y*
- 17.65%
- 5Y*
- —
- 10Y*
- —
ENGE.L vs. EYED.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ENGE.L SPDR MSCI Europe Energy UCITS ETF | 33.47% | 20.13% | -9.19% | 5.91% | 5.28% |
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) | 34.28% | 20.20% | -10.02% | 5.93% | 5.36% |
Correlation
The correlation between ENGE.L and EYED.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2022 | 0.99 |
The correlation between ENGE.L and EYED.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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
ENGE.L vs. EYED.L — Risk / Return Rank
ENGE.L
EYED.L
ENGE.L vs. EYED.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Energy UCITS ETF (ENGE.L) and iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.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.
| ENGE.L | EYED.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.45 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.93 | 4.79 | +0.15 |
| Martin ratioReturn relative to average drawdown | 14.51 | 14.52 | 0.00 |
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
| ENGE.L | EYED.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 2.60 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.67 | +0.05 |
Drawdowns
ENGE.L vs. EYED.L - Drawdown Comparison
The maximum ENGE.L drawdown since its inception was -25.54%, roughly equal to the maximum EYED.L drawdown of -25.34%. Use the drawdown chart below to compare losses from any high point for ENGE.L and EYED.L.
Loading charts...
Drawdown Indicators
| ENGE.L | EYED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.54% | -25.34% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -12.12% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -25.54% | -25.34% | -0.20% |
Current DrawdownCurrent decline from peak | -7.24% | -7.53% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -8.26% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 4.01% | 0.00% |
Volatility
ENGE.L vs. EYED.L - Volatility Comparison
SPDR MSCI Europe Energy UCITS ETF (ENGE.L) and iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) have volatilities of 8.22% and 8.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ENGE.L | EYED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 8.43% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 19.02% | 18.97% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.37% | 22.35% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.66% | 21.02% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.66% | 21.02% | +1.64% |
ENGE.L vs. EYED.L - Expense Ratio Comparison
Both ENGE.L and EYED.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ENGE.L vs. EYED.L - Dividend Comparison
ENGE.L has not paid dividends to shareholders, while EYED.L's dividend yield for the trailing twelve months is around 3.87%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ENGE.L SPDR MSCI Europe Energy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) | 3.87% | 5.09% | 5.79% | 5.09% |
Frequently Asked Questions
With a correlation of 0.98, ENGE.L and EYED.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ENGE.L and EYED.L have the same expense ratio: 0.18% per year.
Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: State Street and iShares.
Find the right allocation for ENGE.L and EYED.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