ENGE.L vs. VECA.L
ENGE.L (SPDR MSCI Europe Energy UCITS ETF) and VECA.L (Vanguard EUR Corporate Bond UCITS ETF Accumulating) are both exchange-traded funds - ENGE.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while VECA.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 3 years, ENGE.L returned 17.62%/yr vs 4.66%/yr for VECA.L. At a correlation of -0.03, they often move in opposite directions. ENGE.L charges 0.18%/yr vs 0.09%/yr for VECA.L.
Performance
ENGE.L vs. VECA.L - Performance Comparison
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Returns By Period
In the year-to-date period, ENGE.L achieves a 33.47% return, which is significantly higher than VECA.L's -0.43% return.
ENGE.L
- 1D
- -0.79%
- 1M
- 1.77%
- YTD
- 33.47%
- 6M
- 31.39%
- 1Y
- 58.60%
- 3Y*
- 17.62%
- 5Y*
- —
- 10Y*
- —
VECA.L
- 1D
- 0.26%
- 1M
- 0.38%
- YTD
- -0.43%
- 6M
- -0.38%
- 1Y
- 4.98%
- 3Y*
- 4.66%
- 5Y*
- 0.22%
- 10Y*
- —
ENGE.L vs. VECA.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% |
VECA.L Vanguard EUR Corporate Bond UCITS ETF Accumulating | -0.43% | 8.38% | -0.39% | 5.47% | -3.55% |
Correlation
The correlation between ENGE.L and VECA.L is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | -0.03 |
The correlation between ENGE.L and VECA.L shifts across timeframes, from -0.14 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ENGE.L vs. VECA.L — Risk / Return Rank
ENGE.L
VECA.L
ENGE.L vs. VECA.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 Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.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 | VECA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.17 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.93 | 1.20 | +3.74 |
| Martin ratioReturn relative to average drawdown | 14.51 | 3.07 | +11.45 |
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 | VECA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 0.98 | +1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.12 | +0.59 |
Drawdowns
ENGE.L vs. VECA.L - Drawdown Comparison
The maximum ENGE.L drawdown since its inception was -25.54%, which is greater than VECA.L's maximum drawdown of -21.36%. Use the drawdown chart below to compare losses from any high point for ENGE.L and VECA.L.
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Drawdown Indicators
| ENGE.L | VECA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.54% | -21.36% | -4.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -3.89% | -7.88% |
Max Drawdown (3Y)Largest decline over 3 years | -25.54% | -3.89% | -21.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.71% | — |
Current DrawdownCurrent decline from peak | -7.24% | -6.05% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -10.13% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 1.52% | +2.49% |
Volatility
ENGE.L vs. VECA.L - Volatility Comparison
SPDR MSCI Europe Energy UCITS ETF (ENGE.L) has a higher volatility of 8.22% compared to Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.L) at 1.48%. This indicates that ENGE.L's price experiences larger fluctuations and is considered to be riskier than VECA.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 | VECA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.22% | 1.48% | +6.74% |
Volatility (6M)Calculated over the trailing 6-month period | 19.02% | 3.62% | +15.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.37% | 4.76% | +17.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.66% | 6.16% | +16.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.66% | 6.93% | +15.73% |
ENGE.L vs. VECA.L - Expense Ratio Comparison
ENGE.L has a 0.18% expense ratio, which is higher than VECA.L's 0.09% 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%.
Dividends
ENGE.L vs. VECA.L - Dividend Comparison
Neither ENGE.L nor VECA.L has paid dividends to shareholders.
Frequently Asked Questions
ENGE.L and VECA.L have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VECA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECA.L is cheaper with a 0.09% expense ratio, compared with 0.18% for ENGE.L.
ENGE.L is categorized as Energy Equities, while VECA.L is European Corporate Bonds. ENGE.L tracks MSCI World/Energy NR USD, while VECA.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.18% for ENGE.L and 0.09% for VECA.L.
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