ENGW.L vs. EYED.L
ENGW.L (State Street SPDR MSCI World Energy UCITS ETF) and EYED.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)) are both Energy Equities funds - ENGW.L tracks the MSCI World Energy 35/20 Capped Index while EYED.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, ENGW.L returned 15.15%/yr vs 16.13%/yr for EYED.L. Their correlation of 0.83 suggests significant overlap in exposure. ENGW.L charges 0.30%/yr vs 0.18%/yr for EYED.L.
Performance
ENGW.L vs. EYED.L - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with ENGW.L having a 26.32% return and EYED.L slightly higher at 27.34%.
ENGW.L
- 1D
- 0.00%
- 1M
- 1.93%
- 6M
- 20.09%
- YTD
- 26.32%
- 1Y
- 34.13%
- 3Y*
- 15.15%
- 5Y*
- 13.63%
- 10Y*
- 5.44%
EYED.L
- 1D
- -1.54%
- 1M
- 0.53%
- 6M
- 23.84%
- YTD
- 27.34%
- 1Y
- 39.04%
- 3Y*
- 16.13%
- 5Y*
- —
- 10Y*
- —
ENGW.L vs. EYED.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ENGW.L State Street SPDR MSCI World Energy UCITS ETF | 26.32% | 7.20% | 3.55% | -2.06% | -0.51% |
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) | 27.34% | 20.21% | -10.08% | 6.02% | 5.38% |
Correlation
The correlation between ENGW.L and EYED.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.83 |
The correlation between ENGW.L and EYED.L has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ENGW.L vs. EYED.L — Risk / Return Rank
ENGW.L
EYED.L
ENGW.L vs. EYED.L - 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 iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.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.
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 | EYED.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.06 | +0.04 |
| Martin ratioReturn relative to average drawdown | 5.57 | 6.27 | -0.70 |
Loading charts...
Drawdowns
ENGW.L vs. EYED.L - Drawdown Comparison
The maximum ENGW.L drawdown since its inception was -69.49%, which is greater than EYED.L's maximum drawdown of -25.29%. Use the drawdown chart below to compare losses from any high point for ENGW.L and EYED.L.
Loading charts...
Drawdown Indicators
| ENGW.L | EYED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.49% | -25.29% | -44.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.31% | -18.88% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -25.29% | +3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -28.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.68% | — | — |
Current DrawdownCurrent decline from peak | -10.73% | -12.31% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -20.71% | -8.42% | -12.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 6.21% | -0.06% |
Volatility
ENGW.L vs. EYED.L - Volatility Comparison
The current volatility for State Street SPDR MSCI World Energy UCITS ETF (ENGW.L) is 6.48%, while iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) has a volatility of 6.91%. This indicates that ENGW.L experiences smaller price fluctuations and is considered to be less risky than EYED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ENGW.L | EYED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 6.91% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 19.24% | 19.95% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.88% | 22.90% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.49% | 21.29% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.78% | 21.29% | +5.49% |
ENGW.L vs. EYED.L - Expense Ratio Comparison
ENGW.L has a 0.30% expense ratio, which is higher than EYED.L's 0.18% expense ratio.
Dividends
ENGW.L vs. EYED.L - Dividend Comparison
ENGW.L has not paid dividends to shareholders, while EYED.L's dividend yield for the trailing twelve months is around 4.08%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ENGW.L State Street SPDR MSCI World Energy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) | 4.08% | 5.09% | 5.79% | 5.09% |
Frequently Asked Questions
ENGW.L and EYED.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EYED.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EYED.L is cheaper with a 0.18% expense ratio, compared with 0.30% for ENGW.L.
ENGW.L tracks MSCI World Energy 35/20 Capped Index, while EYED.L tracks 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 EYED.L.
Find the right allocation for ENGW.L and EYED.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer