ENGW.L vs. ENGE.L
ENGW.L (SPDR MSCI World Energy UCITS ETF) and ENGE.L (SPDR MSCI Europe Energy UCITS ETF) are both Energy Equities funds from State Street tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, ENGW.L returned 16.05%/yr vs 17.99%/yr for ENGE.L. Their correlation of 0.84 suggests significant overlap in exposure. ENGW.L charges 0.30%/yr vs 0.18%/yr for ENGE.L.
Performance
ENGW.L vs. ENGE.L - Performance Comparison
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Returns By Period
In the year-to-date period, ENGW.L achieves a 31.48% return, which is significantly lower than ENGE.L's 34.53% return.
ENGW.L
- 1D
- 2.24%
- 1M
- 0.93%
- YTD
- 31.48%
- 6M
- 29.41%
- 1Y
- 47.44%
- 3Y*
- 16.05%
- 5Y*
- —
- 10Y*
- —
ENGE.L
- 1D
- 1.97%
- 1M
- -0.80%
- YTD
- 34.53%
- 6M
- 30.86%
- 1Y
- 57.73%
- 3Y*
- 17.99%
- 5Y*
- —
- 10Y*
- —
ENGW.L vs. ENGE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ENGW.L SPDR MSCI World Energy UCITS ETF | 31.48% | 7.20% | 3.55% | -2.06% | 20.65% |
ENGE.L SPDR MSCI Europe Energy UCITS ETF | 34.53% | 20.13% | -9.19% | 5.91% | 21.28% |
Correlation
The correlation between ENGW.L and ENGE.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.84 |
The correlation between ENGW.L and ENGE.L has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
ENGW.L vs. ENGE.L — Risk / Return Rank
ENGW.L
ENGE.L
ENGW.L vs. ENGE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Energy UCITS ETF (ENGW.L) and SPDR MSCI Europe Energy UCITS ETF (ENGE.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.
| ENGW.L | ENGE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.45 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 4.88 | -1.64 |
| Martin ratioReturn relative to average drawdown | 10.79 | 14.45 | -3.66 |
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
| ENGW.L | ENGE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.57 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.73 | -0.11 |
Drawdowns
ENGW.L vs. ENGE.L - Drawdown Comparison
The maximum ENGW.L drawdown since its inception was -21.65%, smaller than the maximum ENGE.L drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for ENGW.L and ENGE.L.
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Drawdown Indicators
| ENGW.L | ENGE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.65% | -25.54% | +3.89% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -11.77% | -2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -25.54% | +4.14% |
Current DrawdownCurrent decline from peak | -7.08% | -6.50% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -8.15% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 3.98% | +0.40% |
Volatility
ENGW.L vs. ENGE.L - Volatility Comparison
SPDR MSCI World Energy UCITS ETF (ENGW.L) and SPDR MSCI Europe Energy UCITS ETF (ENGE.L) have volatilities of 8.13% and 8.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENGW.L | ENGE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 8.22% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 18.03% | 19.00% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.27% | 22.35% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.80% | 22.66% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.80% | 22.66% | +0.14% |
ENGW.L vs. ENGE.L - Expense Ratio Comparison
ENGW.L has a 0.30% expense ratio, which is higher than ENGE.L's 0.18% expense ratio.
Dividends
ENGW.L vs. ENGE.L - Dividend Comparison
Neither ENGW.L nor ENGE.L has paid dividends to shareholders.
Frequently Asked Questions
ENGW.L and ENGE.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENGE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENGE.L is cheaper with a 0.18% expense ratio, compared with 0.30% for ENGW.L.
Both ETFs track MSCI World/Energy NR USD. Their fees differ too: 0.30% for ENGW.L and 0.18% for ENGE.L.
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