ENGW.L vs. BTC-USD
ENGW.L (SPDR MSCI World Energy UCITS ETF) is Energy Equities fund tracking the MSCI World/Energy NR USD, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, ENGW.L returned 6.24%/yr vs 57.76%/yr for BTC-USD. At a correlation of -0.01, they often move in opposite directions.
Performance
ENGW.L vs. BTC-USD - Performance Comparison
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Different Trading Currencies
ENGW.L is traded in GBP, while BTC-USD is traded in USD. To make them comparable, the BTC-USD 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 30.02% return, which is significantly higher than BTC-USD's -26.94% return. Over the past 10 years, ENGW.L has underperformed BTC-USD with an annualized return of 6.24%, while BTC-USD has yielded a comparatively higher 57.76% annualized return.
ENGW.L
- 1D
- 0.00%
- 1M
- 1.62%
- YTD
- 30.02%
- 6M
- 29.20%
- 1Y
- 43.59%
- 3Y*
- 15.45%
- 5Y*
- 12.00%
- 10Y*
- 6.24%
BTC-USD
- 1D
- 3.26%
- 1M
- -20.19%
- YTD
- -26.94%
- 6M
- -31.37%
- 1Y
- -40.84%
- 3Y*
- 31.85%
- 5Y*
- 12.39%
- 10Y*
- 57.76%
ENGW.L vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENGW.L SPDR MSCI World Energy UCITS ETF | 30.02% | 7.20% | 3.55% | -2.06% | 20.76% | 40.49% | -31.10% | 11.37% | -15.80% | 5.24% |
BTC-USD Bitcoin | -26.94% | -12.95% | 125.81% | 140.73% | -59.81% | 60.91% | 292.68% | 86.71% | -73.15% | 1,284.82% |
Correlation
The correlation between ENGW.L and BTC-USD is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2012 | -0.01 |
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Return for Risk
ENGW.L vs. BTC-USD — Risk / Return Rank
ENGW.L
BTC-USD
ENGW.L vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Energy UCITS ETF (ENGW.L) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.04 | ||
| Sortino ratioReturn per unit of downside risk | +3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.85 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | -0.81 | +3.82 |
| Martin ratioReturn relative to average drawdown | 9.59 | -1.41 | +11.00 |
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Drawdowns
ENGW.L vs. BTC-USD - Drawdown Comparison
The maximum ENGW.L drawdown since its inception was -69.49%, smaller than the maximum BTC-USD drawdown of -84.19%. Use the drawdown chart below to compare losses from any high point for ENGW.L and BTC-USD.
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Drawdown Indicators
| ENGW.L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.49% | -84.19% | +14.70% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -50.55% | +35.99% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -50.55% | +29.15% |
Max Drawdown (5Y)Largest decline over 5 years | -28.10% | -73.24% | +45.14% |
Max Drawdown (10Y)Largest decline over 10 years | -64.68% | -82.15% | +17.47% |
Current DrawdownCurrent decline from peak | -8.12% | -48.72% | +40.60% |
Average DrawdownAverage peak-to-trough decline | -20.76% | -40.32% | +19.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 34.59% | -30.03% |
Volatility
ENGW.L vs. BTC-USD - Volatility Comparison
The current volatility for SPDR MSCI World Energy UCITS ETF (ENGW.L) is 6.62%, while Bitcoin (BTC-USD) has a volatility of 11.92%. This indicates that ENGW.L experiences smaller price fluctuations and is considered to be less risky than BTC-USD 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 | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.62% | 11.92% | -5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 18.24% | 34.04% | -15.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.29% | 34.74% | -13.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.49% | 44.50% | -19.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.79% | 56.06% | -29.27% |
Frequently Asked Questions
ENGW.L and BTC-USD have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ENGW.L and BTC-USD
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