ENGW.L vs. PHPP.L
ENGW.L (SPDR MSCI World Energy UCITS ETF) and PHPP.L (WisdomTree Physical Precious Metals) are both exchange-traded funds - ENGW.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while PHPP.L is a Precious Metals fund tracking the Precious Metals Basket. Both are passively managed. Over the past 10 years, ENGW.L returned 6.24%/yr vs 11.97%/yr for PHPP.L. At a 0.11 correlation, their price movements are largely independent. ENGW.L charges 0.30%/yr vs 0.44%/yr for PHPP.L.
Performance
ENGW.L vs. PHPP.L - Performance Comparison
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Different Trading Currencies
ENGW.L is traded in GBP, while PHPP.L is traded in GBp. To make them comparable, the PHPP.L 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 PHPP.L's -8.39% return. Over the past 10 years, ENGW.L has underperformed PHPP.L with an annualized return of 6.24%, while PHPP.L has yielded a comparatively higher 11.97% 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%
PHPP.L
- 1D
- -0.66%
- 1M
- -15.30%
- YTD
- -8.39%
- 6M
- -3.53%
- 1Y
- 34.65%
- 3Y*
- 21.96%
- 5Y*
- 10.65%
- 10Y*
- 11.97%
ENGW.L vs. PHPP.L - 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% |
PHPP.L WisdomTree Physical Precious Metals | -8.39% | 72.45% | 17.27% | -8.55% | 11.64% | -10.26% | 22.29% | 22.41% | 5.44% | 5.38% |
Correlation
The correlation between ENGW.L and PHPP.L is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011 | 0.11 |
The correlation between ENGW.L and PHPP.L shifts across timeframes, from -0.03 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ENGW.L vs. PHPP.L — Risk / Return Rank
ENGW.L
PHPP.L
ENGW.L vs. PHPP.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 WisdomTree Physical Precious Metals (PHPP.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 | PHPP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.21 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 1.16 | +1.85 |
| Martin ratioReturn relative to average drawdown | 9.59 | 3.15 | +6.44 |
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Drawdowns
ENGW.L vs. PHPP.L - Drawdown Comparison
The maximum ENGW.L drawdown since its inception was -69.49%, which is greater than PHPP.L's maximum drawdown of -59.50%. Use the drawdown chart below to compare losses from any high point for ENGW.L and PHPP.L.
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Drawdown Indicators
| ENGW.L | PHPP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.49% | -59.50% | -9.99% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -29.75% | +15.19% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -29.75% | +8.35% |
Max Drawdown (5Y)Largest decline over 5 years | -28.10% | -29.75% | +1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -64.68% | -29.75% | -34.93% |
Current DrawdownCurrent decline from peak | -8.12% | -29.75% | +21.63% |
Average DrawdownAverage peak-to-trough decline | -20.76% | -22.65% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 10.97% | -6.41% |
Volatility
ENGW.L vs. PHPP.L - Volatility Comparison
The current volatility for SPDR MSCI World Energy UCITS ETF (ENGW.L) is 6.62%, while WisdomTree Physical Precious Metals (PHPP.L) has a volatility of 7.62%. This indicates that ENGW.L experiences smaller price fluctuations and is considered to be less risky than PHPP.L 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 | PHPP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.62% | 7.62% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 18.24% | 29.66% | -11.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.29% | 32.31% | -11.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.49% | 21.62% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.79% | 19.87% | +6.92% |
ENGW.L vs. PHPP.L - Expense Ratio Comparison
ENGW.L has a 0.30% expense ratio, which is lower than PHPP.L's 0.44% expense ratio.
Dividends
ENGW.L vs. PHPP.L - Dividend Comparison
Neither ENGW.L nor PHPP.L has paid dividends to shareholders.
Frequently Asked Questions
ENGW.L and PHPP.L have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENGW.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENGW.L is cheaper with a 0.30% expense ratio, compared with 0.44% for PHPP.L.
ENGW.L is categorized as Energy Equities, while PHPP.L is Precious Metals. ENGW.L tracks MSCI World/Energy NR USD, while PHPP.L tracks Precious Metals Basket. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.30% for ENGW.L and 0.44% for PHPP.L.
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