ENGE.L vs. SWRD.L
Compare and contrast key facts about SPDR MSCI Europe Energy UCITS ETF (ENGE.L) and SPDR MSCI World UCITS ETF (SWRD.L).
ENGE.L and SWRD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ENGE.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Energy NR USD. It was launched on Dec 5, 2014. SWRD.L is a passively managed fund by State Street that tracks the performance of the MSCI World Index. It was launched on Feb 28, 2019. Both ENGE.L and SWRD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENGE.L or SWRD.L.
Key characteristics
| ENGE.L | SWRD.L | |
|---|---|---|
| YTD Return | 7.92% | 7.73% |
| 1Y Return | 17.15% | 22.87% |
| Sharpe Ratio | 1.05 | 1.98 |
| Daily Std Dev | 17.91% | 11.52% |
| Max Drawdown | -19.27% | -34.10% |
| Current Drawdown | -3.55% | -0.91% |
Correlation
The correlation between ENGE.L and SWRD.L is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ENGE.L vs. SWRD.L - Performance Comparison
The year-to-date returns for both stocks are quite close, with ENGE.L having a 7.92% return and SWRD.L slightly lower at 7.73%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ENGE.L vs. SWRD.L - Expense Ratio Comparison
ENGE.L has a 0.18% expense ratio, which is higher than SWRD.L's 0.12% 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%.
Risk-Adjusted Performance
ENGE.L vs. SWRD.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Energy UCITS ETF (ENGE.L) and SPDR MSCI World UCITS ETF (SWRD.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.
Dividends
ENGE.L vs. SWRD.L - Dividend Comparison
Neither ENGE.L nor SWRD.L has paid dividends to shareholders.
Drawdowns
ENGE.L vs. SWRD.L - Drawdown Comparison
The maximum ENGE.L drawdown since its inception was -19.27%, smaller than the maximum SWRD.L drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for ENGE.L and SWRD.L. For additional features, visit the drawdowns tool.
Volatility
ENGE.L vs. SWRD.L - Volatility Comparison
SPDR MSCI Europe Energy UCITS ETF (ENGE.L) has a higher volatility of 5.71% compared to SPDR MSCI World UCITS ETF (SWRD.L) at 4.17%. This indicates that ENGE.L's price experiences larger fluctuations and is considered to be riskier than SWRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.