ENGW.L vs. VHYG.L
ENGW.L (SPDR MSCI World Energy UCITS ETF) and VHYG.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF) are both exchange-traded funds - ENGW.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while VHYG.L is a Global Equities fund tracking the MSCI World High Dividend Yield NR USD. Both are passively managed. Over the past 5 years, ENGW.L returned 12.00%/yr vs 11.55%/yr for VHYG.L. At a 0.49 correlation, their price movements are largely independent. ENGW.L charges 0.30%/yr vs 0.29%/yr for VHYG.L.
Performance
ENGW.L vs. VHYG.L - Performance Comparison
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Returns By Period
In the year-to-date period, ENGW.L achieves a 30.02% return, which is significantly higher than VHYG.L's 11.13% 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%
VHYG.L
- 1D
- 0.51%
- 1M
- 2.60%
- YTD
- 11.13%
- 6M
- 12.36%
- 1Y
- 26.50%
- 3Y*
- 15.70%
- 5Y*
- 11.55%
- 10Y*
- —
ENGW.L vs. VHYG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ENGW.L SPDR MSCI World Energy UCITS ETF | 30.02% | 7.20% | 3.55% | -2.06% | 20.76% | 40.49% | -31.10% | 2.33% |
VHYG.L Vanguard FTSE All-World High Dividend Yield UCITS ETF | 11.13% | 18.36% | 10.98% | 5.02% | 6.20% | 19.28% | -3.61% | -18.20% |
Correlation
The correlation between ENGW.L and VHYG.L is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.49 |
Over the past year, the correlation between ENGW.L and VHYG.L has dropped to 0.09 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
ENGW.L vs. VHYG.L — Risk / Return Rank
ENGW.L
VHYG.L
ENGW.L vs. VHYG.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 Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.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 | VHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.53 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 3.81 | -0.80 |
| Martin ratioReturn relative to average drawdown | 9.59 | 13.66 | -4.08 |
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Drawdowns
ENGW.L vs. VHYG.L - Drawdown Comparison
The maximum ENGW.L drawdown since its inception was -69.49%, which is greater than VHYG.L's maximum drawdown of -39.80%. Use the drawdown chart below to compare losses from any high point for ENGW.L and VHYG.L.
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Drawdown Indicators
| ENGW.L | VHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.49% | -39.80% | -29.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -6.93% | -7.63% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -19.90% | -1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -28.10% | -19.90% | -8.20% |
Max Drawdown (10Y)Largest decline over 10 years | -64.68% | — | — |
Current DrawdownCurrent decline from peak | -8.12% | -0.43% | -7.69% |
Average DrawdownAverage peak-to-trough decline | -20.76% | -9.84% | -10.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 1.93% | +2.63% |
Volatility
ENGW.L vs. VHYG.L - Volatility Comparison
SPDR MSCI World Energy UCITS ETF (ENGW.L) has a higher volatility of 6.62% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYG.L) at 2.00%. This indicates that ENGW.L's price experiences larger fluctuations and is considered to be riskier than VHYG.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 | VHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.62% | 2.00% | +4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 18.24% | 7.03% | +11.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.29% | 9.17% | +12.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.49% | 17.57% | +7.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.79% | 19.75% | +7.04% |
ENGW.L vs. VHYG.L - Expense Ratio Comparison
ENGW.L has a 0.30% expense ratio, which is higher than VHYG.L's 0.29% expense ratio.
Dividends
ENGW.L vs. VHYG.L - Dividend Comparison
Neither ENGW.L nor VHYG.L has paid dividends to shareholders.
Frequently Asked Questions
ENGW.L and VHYG.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VHYG.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VHYG.L is cheaper with a 0.29% expense ratio, compared with 0.30% for ENGW.L.
ENGW.L is categorized as Energy Equities, while VHYG.L is Global Equities. ENGW.L tracks MSCI World/Energy NR USD, while VHYG.L tracks MSCI World High Dividend Yield NR USD. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.30% for ENGW.L and 0.29% for VHYG.L.
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