ENGW.L vs. USD=X
ENGW.L (SPDR MSCI World Energy UCITS ETF) is Energy Equities fund tracking the MSCI World/Energy NR USD, while USD=X (USD Cash) is a currency. Over the past 10 years, ENGW.L returned 6.24%/yr vs 0.52%/yr for USD=X. At a correlation of -0.15, they often move in opposite directions.
Performance
ENGW.L vs. USD=X - Performance Comparison
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Different Trading Currencies
ENGW.L is traded in GBP, while USD=X is traded in USD. To make them comparable, the USD=X 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 USD=X's 0.54% return. Over the past 10 years, ENGW.L has outperformed USD=X with an annualized return of 6.24%, while USD=X has yielded a comparatively lower 0.52% 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%
USD=X
- 1D
- 0.00%
- 1M
- 1.03%
- YTD
- 0.54%
- 6M
- -0.11%
- 1Y
- 1.12%
- 3Y*
- -2.01%
- 5Y*
- 1.04%
- 10Y*
- 0.52%
ENGW.L vs. USD=X - 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% |
USD=X USD Cash | 0.54% | -7.12% | 1.75% | -5.00% | 11.89% | 0.95% | -2.94% | -3.80% | 5.93% | -8.65% |
Correlation
The correlation between ENGW.L and USD=X is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011 | -0.15 |
The correlation between ENGW.L and USD=X shifts across timeframes, from -0.15 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ENGW.L vs. USD=X — Risk / Return Rank
ENGW.L
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ENGW.L vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Energy UCITS ETF (ENGW.L) and USD Cash (USD=X). 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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.04 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 0.27 | +2.74 |
| Martin ratioReturn relative to average drawdown | 9.59 | 0.61 | +8.98 |
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Drawdowns
ENGW.L vs. USD=X - Drawdown Comparison
The maximum ENGW.L drawdown since its inception was -69.49%, which is greater than USD=X's maximum drawdown of -22.85%. Use the drawdown chart below to compare losses from any high point for ENGW.L and USD=X.
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Drawdown Indicators
| ENGW.L | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.49% | -22.85% | -46.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -5.98% | -8.58% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -12.79% | -8.61% |
Max Drawdown (5Y)Largest decline over 5 years | -28.10% | -22.85% | -5.25% |
Max Drawdown (10Y)Largest decline over 10 years | -64.68% | -22.85% | -41.83% |
Current DrawdownCurrent decline from peak | -8.12% | -20.27% | +12.15% |
Average DrawdownAverage peak-to-trough decline | -20.76% | -11.08% | -9.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.95% | +1.61% |
Volatility
ENGW.L vs. USD=X - Volatility Comparison
SPDR MSCI World Energy UCITS ETF (ENGW.L) has a higher volatility of 6.62% compared to USD Cash (USD=X) at 1.76%. This indicates that ENGW.L's price experiences larger fluctuations and is considered to be riskier than USD=X 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 | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.62% | 1.76% | +4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 18.24% | 5.20% | +13.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.29% | 5.75% | +15.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.49% | 7.12% | +18.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.79% | 7.91% | +18.88% |
Frequently Asked Questions
ENGW.L and USD=X have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ENGW.L and USD=X
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