ENGW.L vs. BRK-B
ENGW.L (State Street SPDR MSCI World Energy UCITS ETF) is Energy Equities fund tracking the MSCI World Energy 35/20 Capped Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, ENGW.L returned 5.73%/yr vs 13.91%/yr for BRK-B. At a 0.32 correlation, their price movements are largely independent.
Performance
ENGW.L vs. BRK-B - Performance Comparison
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Different Trading Currencies
ENGW.L is traded in GBP, while BRK-B is traded in USD. To make them comparable, the BRK-B values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ENGW.L achieves a 23.08% return, which is significantly higher than BRK-B's 0.65% return. Over the past 10 years, ENGW.L has underperformed BRK-B with an annualized return of 5.73%, while BRK-B has yielded a comparatively higher 13.91% annualized return.
ENGW.L
- 1D
- 0.00%
- 1M
- -6.61%
- YTD
- 23.08%
- 6M
- 25.45%
- 1Y
- 35.39%
- 3Y*
- 14.86%
- 5Y*
- 10.70%
- 10Y*
- 5.73%
BRK-B
- 1D
- 0.59%
- 1M
- 3.70%
- YTD
- 0.65%
- 6M
- 1.16%
- 1Y
- 3.53%
- 3Y*
- 12.51%
- 5Y*
- 13.36%
- 10Y*
- 13.91%
ENGW.L vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENGW.L State Street SPDR MSCI World Energy UCITS ETF | 23.08% | 7.20% | 3.55% | -2.06% | 20.76% | 40.49% | -31.10% | 11.37% | -15.80% | 5.24% |
BRK-B Berkshire Hathaway Inc. | 0.65% | 2.99% | 29.31% | 9.69% | 15.59% | 30.17% | -0.64% | 6.71% | 9.11% | 11.10% |
Correlation
The correlation between ENGW.L and BRK-B is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011 | 0.32 |
Over the past year, the correlation between ENGW.L and BRK-B has dropped to 0.07 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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Return for Risk
ENGW.L vs. BRK-B — Risk / Return Rank
ENGW.L
BRK-B
ENGW.L vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI World Energy UCITS ETF (ENGW.L) and Berkshire Hathaway Inc. (BRK-B). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ENGW.L | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.05 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 0.30 | +2.07 |
| Martin ratioReturn relative to average drawdown | 6.96 | 0.64 | +6.32 |
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Drawdowns
ENGW.L vs. BRK-B - Drawdown Comparison
The maximum ENGW.L drawdown since its inception was -69.49%, which is greater than BRK-B's maximum drawdown of -37.92%. Use the drawdown chart below to compare losses from any high point for ENGW.L and BRK-B.
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Drawdown Indicators
| ENGW.L | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.49% | -37.92% | -31.57% |
Max Drawdown (1Y)Largest decline over 1 year | -15.03% | -11.88% | -3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -17.26% | -4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -28.10% | -20.84% | -7.26% |
Max Drawdown (10Y)Largest decline over 10 years | -64.68% | -21.44% | -43.24% |
Current DrawdownCurrent decline from peak | -13.02% | -9.36% | -3.66% |
Average DrawdownAverage peak-to-trough decline | -20.74% | -7.41% | -13.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.10% | 5.59% | -0.49% |
Volatility
ENGW.L vs. BRK-B - Volatility Comparison
State Street SPDR MSCI World Energy UCITS ETF (ENGW.L) has a higher volatility of 7.41% compared to Berkshire Hathaway Inc. (BRK-B) at 4.08%. This indicates that ENGW.L's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENGW.L | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 4.08% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 18.72% | 11.75% | +6.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.73% | 15.60% | +6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.48% | 16.91% | +8.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.78% | 19.78% | +7.00% |
Dividends
ENGW.L vs. BRK-B - Dividend Comparison
Neither ENGW.L nor BRK-B has paid dividends to shareholders.
Frequently Asked Questions
ENGW.L and BRK-B have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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