ENGE.L vs. VOO

Last updated Jun 5, 2026

ENGE.L (SPDR MSCI Europe Energy UCITS ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - ENGE.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, ENGE.L returned 17.62%/yr vs 18.67%/yr for VOO. At a 0.10 correlation, their price movements are largely independent. ENGE.L charges 0.18%/yr vs 0.03%/yr for VOO.

Performance

ENGE.L vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR MSCI Europe Energy UCITS ETF (ENGE.L) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ENGE.L is traded in GBP, while VOO is traded in USD. To make them comparable, the VOO 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 VOO's 9.54% return.

ENGE.L

• 1D: -0.79%
• 1M: 1.77%
• YTD: 33.47%
• 6M: 31.39%
• 1Y: 58.60%
• 3Y*: 17.62%
• 5Y*: —
• 10Y*: —

VOO

• 1D: -1.98%
• 1M: 2.40%
• YTD: 9.54%
• 6M: 8.11%
• 1Y: 28.07%
• 3Y*: 18.67%
• 5Y*: 14.75%
• 10Y*: 16.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ENGE.L vs. VOO - 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%
VOO Vanguard S&P 500 ETF	9.54%	9.43%	27.16%	20.01%	-8.05%

Correlation

The correlation between ENGE.L and VOO is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022	0.10

The correlation between ENGE.L and VOO shifts across timeframes, from -0.05 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ENGE.L vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENGE.L

ENGE.L Risk / Return Rank: 78
ENGE.L Sharpe Ratio Rank: 82
ENGE.L Sortino Ratio Rank: 68
ENGE.L Omega Ratio Rank: 78
ENGE.L Calmar Ratio Rank: 87
ENGE.L Martin Ratio Rank: 77

VOO

VOO Risk / Return Rank: 66
VOO Sharpe Ratio Rank: 67
VOO Sortino Ratio Rank: 63
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 60
VOO Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ENGE.L vs. VOO - 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 S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.60	2.43	+0.17
Sortino ratio: Return per unit of downside risk	3.08	3.13	-0.05
Omega ratio: Gain probability vs. loss probability	1.45	1.46	0.00
Calmar ratio: Return relative to maximum drawdown	4.93	3.68	+1.25
Martin ratio: Return relative to average drawdown	14.51	14.08	+0.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENGE.L vs. VOO - Sharpe Ratio Comparison

The current ENGE.L Sharpe Ratio is 2.60, which is comparable to the VOO Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of ENGE.L and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ENGE.L	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	2.43	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.94	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.94	-0.22

Drawdowns

ENGE.L vs. VOO - Drawdown Comparison

The maximum ENGE.L drawdown since its inception was -25.54%, roughly equal to the maximum VOO drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for ENGE.L and VOO.

Drawdown Indicators

	ENGE.L	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-25.54%	-26.09%	+0.55%
Max Drawdown (1Y) Largest decline over 1 year	-11.77%	-7.66%	-4.11%
Max Drawdown (3Y) Largest decline over 3 years	-25.54%	-21.93%	-3.61%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.09%	—
Current Drawdown Current decline from peak	-7.24%	-1.98%	-5.26%
Average Drawdown Average peak-to-trough decline	-8.15%	-3.30%	-4.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	2.00%	+2.01%

Volatility

ENGE.L vs. VOO - Volatility Comparison

SPDR MSCI Europe Energy UCITS ETF (ENGE.L) has a higher volatility of 8.22% compared to Vanguard S&P 500 ETF (VOO) at 3.29%. This indicates that ENGE.L's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENGE.L	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.22%	3.29%	+4.93%
Volatility (6M) Calculated over the trailing 6-month period	19.02%	8.37%	+10.65%
Volatility (1Y) Calculated over the trailing 1-year period	22.37%	11.62%	+10.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.66%	15.79%	+6.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.66%	18.10%	+4.56%

ENGE.L vs. VOO - Expense Ratio Comparison

ENGE.L has a 0.18% expense ratio, which is higher than VOO's 0.03% 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. VOO - Dividend Comparison

ENGE.L has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.05%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENGE.L SPDR MSCI Europe Energy UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both ENGE.L and VOO in my portfolio?

ENGE.L and VOO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ENGE.L or VOO?

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ENGE.L or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.18% for ENGE.L.

What is the main difference between ENGE.L and VOO?

ENGE.L is categorized as Energy Equities, while VOO is S&P 500. ENGE.L tracks MSCI World/Energy NR USD, while VOO tracks S&P 500 Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.18% for ENGE.L and 0.03% for VOO.