ENGE.L vs. SUSW.L
ENGE.L (SPDR MSCI Europe Energy UCITS ETF) and SUSW.L (iShares MSCI World SRI UCITS ETF EUR (Acc)) are both exchange-traded funds - ENGE.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while SUSW.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, ENGE.L returned 17.62%/yr vs 13.10%/yr for SUSW.L. At a 0.16 correlation, their price movements are largely independent. ENGE.L charges 0.18%/yr vs 0.20%/yr for SUSW.L.
Performance
ENGE.L vs. SUSW.L - Performance Comparison
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Different Trading Currencies
ENGE.L is traded in GBP, while SUSW.L is traded in EUR. To make them comparable, the SUSW.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ENGE.L achieves a 33.47% return, which is significantly higher than SUSW.L's 10.44% return.
ENGE.L
- 1D
- -0.79%
- 1M
- 1.77%
- YTD
- 33.47%
- 6M
- 31.39%
- 1Y
- 58.60%
- 3Y*
- 17.62%
- 5Y*
- —
- 10Y*
- —
SUSW.L
- 1D
- 0.30%
- 1M
- 4.00%
- YTD
- 10.44%
- 6M
- 10.27%
- 1Y
- 21.80%
- 3Y*
- 13.10%
- 5Y*
- 10.66%
- 10Y*
- —
ENGE.L vs. SUSW.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% | 21.28% |
SUSW.L iShares MSCI World SRI UCITS ETF EUR (Acc) | 10.44% | 7.34% | 12.96% | 18.37% | -8.20% |
Correlation
The correlation between ENGE.L and SUSW.L is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.16 |
The correlation between ENGE.L and SUSW.L shifts across timeframes, from -0.16 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ENGE.L vs. SUSW.L — Risk / Return Rank
ENGE.L
SUSW.L
ENGE.L vs. SUSW.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 World SRI UCITS ETF EUR (Acc) (SUSW.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 | SUSW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.34 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.93 | 2.76 | +2.17 |
| Martin ratioReturn relative to average drawdown | 14.51 | 10.28 | +4.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENGE.L | SUSW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 1.83 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.75 | -0.04 |
Drawdowns
ENGE.L vs. SUSW.L - Drawdown Comparison
The maximum ENGE.L drawdown since its inception was -25.54%, roughly equal to the maximum SUSW.L drawdown of -24.50%. Use the drawdown chart below to compare losses from any high point for ENGE.L and SUSW.L.
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Drawdown Indicators
| ENGE.L | SUSW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.54% | -24.50% | -1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -7.77% | -4.00% |
Max Drawdown (3Y)Largest decline over 3 years | -25.54% | -20.11% | -5.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.11% | — |
Current DrawdownCurrent decline from peak | -7.24% | 0.00% | -7.24% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -4.01% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 2.10% | +1.91% |
Volatility
ENGE.L vs. SUSW.L - Volatility Comparison
SPDR MSCI Europe Energy UCITS ETF (ENGE.L) has a higher volatility of 8.22% compared to iShares MSCI World SRI UCITS ETF EUR (Acc) (SUSW.L) at 3.54%. This indicates that ENGE.L's price experiences larger fluctuations and is considered to be riskier than SUSW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENGE.L | SUSW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 3.54% | +4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 19.02% | 8.89% | +10.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.37% | 11.71% | +10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.66% | 14.16% | +8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.66% | 15.84% | +6.82% |
ENGE.L vs. SUSW.L - Expense Ratio Comparison
ENGE.L has a 0.18% expense ratio, which is lower than SUSW.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ENGE.L vs. SUSW.L - Dividend Comparison
Neither ENGE.L nor SUSW.L has paid dividends to shareholders.
Frequently Asked Questions
ENGE.L and SUSW.L have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENGE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENGE.L is cheaper with a 0.18% expense ratio, compared with 0.20% for SUSW.L.
ENGE.L is categorized as Energy Equities, while SUSW.L is Global Equities. ENGE.L tracks MSCI World/Energy NR USD, while SUSW.L tracks MSCI ACWI NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for ENGE.L and 0.20% for SUSW.L.
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