ENGW.L vs. ESIE.L
ENGW.L (SPDR MSCI World Energy UCITS ETF) and ESIE.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from State Street and iShares respectively. Both are passively managed. Over the past 3 years, ENGW.L returned 16.05%/yr vs 18.27%/yr for ESIE.L. Their correlation of 0.84 suggests significant overlap in exposure. ENGW.L charges 0.30%/yr vs 0.18%/yr for ESIE.L.
Performance
ENGW.L vs. ESIE.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 ESIE.L's 35.58% return.
ENGW.L
- 1D
- 2.24%
- 1M
- 0.93%
- YTD
- 31.48%
- 6M
- 29.41%
- 1Y
- 47.44%
- 3Y*
- 16.05%
- 5Y*
- —
- 10Y*
- —
ESIE.L
- 1D
- 2.01%
- 1M
- -0.45%
- YTD
- 35.58%
- 6M
- 31.87%
- 1Y
- 58.97%
- 3Y*
- 18.27%
- 5Y*
- 20.09%
- 10Y*
- —
ENGW.L vs. ESIE.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% |
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) | 35.58% | 20.13% | -9.70% | 6.04% | 20.44% |
Correlation
The correlation between ENGW.L and ESIE.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.84 |
The correlation between ENGW.L and ESIE.L has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.
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Return for Risk
ENGW.L vs. ESIE.L — Risk / Return Rank
ENGW.L
ESIE.L
ENGW.L vs. ESIE.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 iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.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 | ESIE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.45 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 4.84 | -1.59 |
| Martin ratioReturn relative to average drawdown | 10.79 | 14.81 | -4.02 |
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 | ESIE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.56 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.87 | -0.25 |
Drawdowns
ENGW.L vs. ESIE.L - Drawdown Comparison
The maximum ENGW.L drawdown since its inception was -21.65%, smaller than the maximum ESIE.L drawdown of -27.35%. Use the drawdown chart below to compare losses from any high point for ENGW.L and ESIE.L.
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Drawdown Indicators
| ENGW.L | ESIE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.65% | -27.35% | +5.70% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -12.13% | -2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -27.35% | +5.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.35% | — |
Current DrawdownCurrent decline from peak | -7.08% | -6.04% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -8.24% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 3.97% | +0.41% |
Volatility
ENGW.L vs. ESIE.L - Volatility Comparison
SPDR MSCI World Energy UCITS ETF (ENGW.L) and iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) have volatilities of 8.13% and 8.04%, 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 | ESIE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 8.04% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 18.03% | 19.14% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.27% | 22.89% | -1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.80% | 24.32% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.80% | 24.59% | -1.79% |
ENGW.L vs. ESIE.L - Expense Ratio Comparison
ENGW.L has a 0.30% expense ratio, which is higher than ESIE.L's 0.18% expense ratio.
Dividends
ENGW.L vs. ESIE.L - Dividend Comparison
Neither ENGW.L nor ESIE.L has paid dividends to shareholders.
Frequently Asked Questions
ENGW.L and ESIE.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIE.L is cheaper with a 0.18% expense ratio, compared with 0.30% for ENGW.L.
Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ENGW.L and 0.18% for ESIE.L.
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