ENGW.L vs. VVGM.DE
ENGW.L (SPDR MSCI World Energy UCITS ETF) and VVGM.DE (VanEck Morningstar Global Wide Moat UCITS ETF) are both exchange-traded funds - ENGW.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while VVGM.DE is a Global Equities fund tracking the Morningstar Global Wide Moat Focus. Both are passively managed. Over the past 5 years, ENGW.L returned 12.00%/yr vs 7.56%/yr for VVGM.DE. At a 0.21 correlation, their price movements are largely independent. ENGW.L charges 0.30%/yr vs 0.52%/yr for VVGM.DE.
Performance
ENGW.L vs. VVGM.DE - Performance Comparison
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Different Trading Currencies
ENGW.L is traded in GBP, while VVGM.DE is traded in EUR. To make them comparable, the VVGM.DE 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 VVGM.DE's -0.27% 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%
VVGM.DE
- 1D
- 0.71%
- 1M
- 1.86%
- YTD
- -0.27%
- 6M
- -0.34%
- 1Y
- 9.00%
- 3Y*
- 10.39%
- 5Y*
- 7.56%
- 10Y*
- —
ENGW.L vs. VVGM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ENGW.L SPDR MSCI World Energy UCITS ETF | 30.02% | 7.20% | 3.55% | -2.06% | 20.76% | 40.49% | 13.25% |
VVGM.DE VanEck Morningstar Global Wide Moat UCITS ETF | -0.27% | 17.48% | 11.07% | 4.95% | -1.02% | 16.01% | 8.61% |
Correlation
The correlation between ENGW.L and VVGM.DE is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2020 | 0.21 |
The correlation between ENGW.L and VVGM.DE shifts across timeframes, from -0.16 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ENGW.L vs. VVGM.DE — Risk / Return Rank
ENGW.L
VVGM.DE
ENGW.L vs. VVGM.DE - 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 Global Wide Moat UCITS ETF (VVGM.DE). 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 | VVGM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.15 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 0.95 | +2.06 |
| Martin ratioReturn relative to average drawdown | 9.59 | 3.01 | +6.58 |
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Drawdowns
ENGW.L vs. VVGM.DE - Drawdown Comparison
The maximum ENGW.L drawdown since its inception was -69.49%, which is greater than VVGM.DE's maximum drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for ENGW.L and VVGM.DE.
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Drawdown Indicators
| ENGW.L | VVGM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.49% | -14.96% | -54.53% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -10.86% | -3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -14.96% | -6.44% |
Max Drawdown (5Y)Largest decline over 5 years | -28.10% | -14.96% | -13.14% |
Max Drawdown (10Y)Largest decline over 10 years | -64.68% | — | — |
Current DrawdownCurrent decline from peak | -8.12% | -5.17% | -2.95% |
Average DrawdownAverage peak-to-trough decline | -20.76% | -3.22% | -17.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 3.42% | +1.14% |
Volatility
ENGW.L vs. VVGM.DE - Volatility Comparison
SPDR MSCI World Energy UCITS ETF (ENGW.L) has a higher volatility of 6.62% compared to VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE) at 3.90%. This indicates that ENGW.L's price experiences larger fluctuations and is considered to be riskier than VVGM.DE 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 | VVGM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.62% | 3.90% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 18.24% | 10.13% | +8.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.29% | 12.19% | +9.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.49% | 13.22% | +12.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.79% | 13.46% | +13.33% |
ENGW.L vs. VVGM.DE - Expense Ratio Comparison
ENGW.L has a 0.30% expense ratio, which is lower than VVGM.DE's 0.52% expense ratio.
Dividends
ENGW.L vs. VVGM.DE - Dividend Comparison
Neither ENGW.L nor VVGM.DE has paid dividends to shareholders.
Frequently Asked Questions
ENGW.L and VVGM.DE have a correlation of -0.16, 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 0.52% for VVGM.DE.
ENGW.L is categorized as Energy Equities, while VVGM.DE is Global Equities. ENGW.L tracks MSCI World/Energy NR USD, while VVGM.DE tracks Morningstar Global Wide Moat Focus. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.30% for ENGW.L and 0.52% for VVGM.DE.
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