ENGW.L vs. MWMIX

Last updated Jun 12, 2026

ENGW.L (SPDR MSCI World Energy UCITS ETF) and MWMIX (VanEck Morningstar Wide Moat Fund) are both funds - ENGW.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while MWMIX is a Large Cap Blend Equities fund managed by VanEck. Over the past 5 years, ENGW.L returned 12.00%/yr vs 7.43%/yr for MWMIX. At a 0.29 correlation, their price movements are largely independent. ENGW.L charges 0.30%/yr vs 0.59%/yr for MWMIX.

Performance

ENGW.L vs. MWMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR MSCI World Energy UCITS ETF (ENGW.L) and VanEck Morningstar Wide Moat Fund (MWMIX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ENGW.L is traded in GBP, while MWMIX is traded in USD. To make them comparable, the MWMIX 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 MWMIX's -1.54% 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%

MWMIX

• 1D: -1.30%
• 1M: 2.62%
• YTD: -1.54%
• 6M: -3.42%
• 1Y: 12.30%
• 3Y*: 6.46%
• 5Y*: 7.43%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ENGW.L vs. MWMIX - 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%	2.93%
MWMIX VanEck Morningstar Wide Moat Fund	-1.54%	5.10%	12.23%	18.94%	-3.17%	25.29%	10.79%	29.72%	4.35%	-1.46%

Correlation

The correlation between ENGW.L and MWMIX 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	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Dec 21, 2017	0.29

The correlation between ENGW.L and MWMIX shifts across timeframes, from -0.02 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ENGW.L vs. MWMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENGW.L

ENGW.L Risk / Return Rank: 69
ENGW.L Sharpe Ratio Rank: 76
ENGW.L Sortino Ratio Rank: 64
ENGW.L Omega Ratio Rank: 74
ENGW.L Calmar Ratio Rank: 70
ENGW.L Martin Ratio Rank: 63

MWMIX

MWMIX Risk / Return Rank: 12
MWMIX Sharpe Ratio Rank: 12
MWMIX Sortino Ratio Rank: 13
MWMIX Omega Ratio Rank: 11
MWMIX Calmar Ratio Rank: 12
MWMIX Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ENGW.L vs. MWMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Energy UCITS ETF (ENGW.L) and VanEck Morningstar Wide Moat Fund (MWMIX). 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	MWMIX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	0.86	+1.20
Sortino ratio: Return per unit of downside risk	2.51	1.30	+1.22
Omega ratio: Gain probability vs. loss probability	1.37	1.15	+0.22
Calmar ratio: Return relative to maximum drawdown	3.01	0.98	+2.03
Martin ratio: Return relative to average drawdown	9.59	2.66	+6.92

ENGW.L vs. MWMIX - Sharpe Ratio Comparison

The current ENGW.L Sharpe Ratio is 2.06, which is higher than the MWMIX Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of ENGW.L and MWMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ENGW.L vs. MWMIX - Drawdown Comparison

The maximum ENGW.L drawdown since its inception was -69.49%, which is greater than MWMIX's maximum drawdown of -25.93%. Use the drawdown chart below to compare losses from any high point for ENGW.L and MWMIX.

Drawdown Indicators

	ENGW.L	MWMIX	Difference
Max Drawdown Largest peak-to-trough decline	-69.49%	-25.93%	-43.56%
Max Drawdown (1Y) Largest decline over 1 year	-14.56%	-11.63%	-2.93%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-22.97%	+1.57%
Max Drawdown (5Y) Largest decline over 5 years	-28.10%	-22.97%	-5.13%
Max Drawdown (10Y) Largest decline over 10 years	-64.68%	—	—
Current Drawdown Current decline from peak	-8.12%	-5.90%	-2.22%
Average Drawdown Average peak-to-trough decline	-20.76%	-4.23%	-16.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.56%	4.28%	+0.28%

Volatility

ENGW.L vs. MWMIX - Volatility Comparison

SPDR MSCI World Energy UCITS ETF (ENGW.L) has a higher volatility of 6.62% compared to VanEck Morningstar Wide Moat Fund (MWMIX) at 3.50%. This indicates that ENGW.L's price experiences larger fluctuations and is considered to be riskier than MWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENGW.L	MWMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	3.50%	+3.12%
Volatility (6M) Calculated over the trailing 6-month period	18.24%	9.60%	+8.64%
Volatility (1Y) Calculated over the trailing 1-year period	21.29%	13.30%	+7.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.49%	17.47%	+8.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.79%	19.90%	+6.89%

ENGW.L vs. MWMIX - Expense Ratio Comparison

ENGW.L has a 0.30% expense ratio, which is lower than MWMIX's 0.59% expense ratio.

Dividends

ENGW.L vs. MWMIX - Dividend Comparison

ENGW.L has not paid dividends to shareholders, while MWMIX's dividend yield for the trailing twelve months is around 12.76%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENGW.L SPDR MSCI World Energy UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MWMIX VanEck Morningstar Wide Moat Fund	12.76%	12.47%	10.34%	0.77%	11.44%	13.44%	8.22%	10.84%	9.48%	0.26%

Frequently Asked Questions

Can I hold both ENGW.L and MWMIX in my portfolio?

ENGW.L and MWMIX 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.