ENGW.L vs. RACE

Last updated Jun 12, 2026

ENGW.L (SPDR MSCI World Energy UCITS ETF) is Energy Equities fund tracking the MSCI World/Energy NR USD, while RACE (Ferrari N.V.) is a stock. Over the past 10 years, ENGW.L returned 6.24%/yr vs 26.28%/yr for RACE. At a 0.13 correlation, their price movements are largely independent.

Performance

ENGW.L vs. RACE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR MSCI World Energy UCITS ETF (ENGW.L) and Ferrari N.V. (RACE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ENGW.L is traded in GBP, while RACE is traded in USD. To make them comparable, the RACE 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 RACE's 1.78% return. Over the past 10 years, ENGW.L has underperformed RACE with an annualized return of 6.24%, while RACE has yielded a comparatively higher 26.28% 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%

RACE

• 1D: 5.28%
• 1M: 12.18%
• YTD: 1.78%
• 6M: 1.56%
• 1Y: -21.58%
• 3Y*: 5.91%
• 5Y*: 14.09%
• 10Y*: 26.28%

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

ENGW.L vs. RACE - 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%
RACE Ferrari N.V.	1.78%	-17.94%	28.54%	51.17%	-6.77%	14.39%	35.61%	61.48%	1.19%	66.22%

Correlation

The correlation between ENGW.L and RACE is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Oct 21, 2015	0.13

The correlation between ENGW.L and RACE shifts across timeframes, from -0.10 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ENGW.L vs. RACE — 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

RACE

RACE Risk / Return Rank: 20
RACE Sharpe Ratio Rank: 15
RACE Sortino Ratio Rank: 17
RACE Omega Ratio Rank: 17
RACE Calmar Ratio Rank: 23
RACE Martin Ratio Rank: 26

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. RACE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Energy UCITS ETF (ENGW.L) and Ferrari N.V. (RACE). 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	RACE	Difference
Sharpe ratio: Return per unit of total volatility	2.06	-0.63	+2.68
Sortino ratio: Return per unit of downside risk	2.51	-0.69	+3.20
Omega ratio: Gain probability vs. loss probability	1.37	0.91	+0.47
Calmar ratio: Return relative to maximum drawdown	3.01	-0.56	+3.57
Martin ratio: Return relative to average drawdown	9.59	-0.87	+10.46

ENGW.L vs. RACE - Sharpe Ratio Comparison

The current ENGW.L Sharpe Ratio is 2.06, which is higher than the RACE Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of ENGW.L and RACE, 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. RACE - Drawdown Comparison

The maximum ENGW.L drawdown since its inception was -69.49%, which is greater than RACE's maximum drawdown of -43.21%. Use the drawdown chart below to compare losses from any high point for ENGW.L and RACE.

Drawdown Indicators

	ENGW.L	RACE	Difference
Max Drawdown Largest peak-to-trough decline	-69.49%	-43.21%	-26.28%
Max Drawdown (1Y) Largest decline over 1 year	-14.56%	-38.79%	+24.23%
Max Drawdown (3Y) Largest decline over 3 years	-21.40%	-40.29%	+18.89%
Max Drawdown (5Y) Largest decline over 5 years	-28.10%	-40.29%	+12.19%
Max Drawdown (10Y) Largest decline over 10 years	-64.68%	-40.29%	-24.39%
Current Drawdown Current decline from peak	-8.12%	-29.30%	+21.18%
Average Drawdown Average peak-to-trough decline	-20.76%	-10.29%	-10.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.56%	24.87%	-20.31%

Volatility

ENGW.L vs. RACE - Volatility Comparison

The current volatility for SPDR MSCI World Energy UCITS ETF (ENGW.L) is 6.62%, while Ferrari N.V. (RACE) has a volatility of 11.62%. This indicates that ENGW.L experiences smaller price fluctuations and is considered to be less risky than RACE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENGW.L	RACE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.62%	11.62%	-5.00%
Volatility (6M) Calculated over the trailing 6-month period	18.24%	24.12%	-5.88%
Volatility (1Y) Calculated over the trailing 1-year period	21.29%	34.58%	-13.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.49%	27.86%	-2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.79%	28.72%	-1.93%

Dividends

ENGW.L vs. RACE - Dividend Comparison

ENGW.L has not paid dividends to shareholders, while RACE's dividend yield for the trailing twelve months is around 2.33%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%	0.00%
RACE Ferrari N.V.	2.33%	1.85%	0.61%	0.59%	0.69%	0.40%	0.54%	0.70%	0.88%	0.61%	0.79%

Frequently Asked Questions

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

ENGW.L and RACE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.