ENGW.L vs. WDEE.L
ENGW.L (State Street SPDR MSCI World Energy UCITS ETF) and WDEE.L (Invesco S&P World Energy Targeted & Screened UCITS ETF Acc) are both Energy Equities funds - ENGW.L tracks the MSCI World Energy 35/20 Capped Index while WDEE.L tracks the S&P World Energy Targeted & Screened Index. Both are passively managed. Over the past 3 years, ENGW.L returned 13.98%/yr vs 15.35%/yr for WDEE.L. Their correlation of 0.93 suggests significant overlap in exposure. ENGW.L charges 0.30%/yr vs 0.18%/yr for WDEE.L.
Performance
ENGW.L vs. WDEE.L - Performance Comparison
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Different Trading Currencies
ENGW.L is traded in GBP, while WDEE.L is traded in USD. To make them comparable, the WDEE.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 21.74% return, which is significantly lower than WDEE.L's 26.08% return.
ENGW.L
- 1D
- 0.00%
- 1M
- -4.42%
- YTD
- 21.74%
- 6M
- 24.08%
- 1Y
- 34.77%
- 3Y*
- 13.98%
- 5Y*
- 10.46%
- 10Y*
- 5.63%
WDEE.L
- 1D
- 0.00%
- 1M
- -2.35%
- YTD
- 26.08%
- 6M
- 27.48%
- 1Y
- 34.58%
- 3Y*
- 15.35%
- 5Y*
- —
- 10Y*
- —
ENGW.L vs. WDEE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ENGW.L State Street SPDR MSCI World Energy UCITS ETF | 21.74% | 7.20% | 3.55% | -0.88% |
WDEE.L Invesco S&P World Energy Targeted & Screened UCITS ETF Acc | 26.08% | 1.24% | 5.84% | 5.35% |
Correlation
The correlation between ENGW.L and WDEE.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2023 | 0.93 |
The correlation between ENGW.L and WDEE.L has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
ENGW.L vs. WDEE.L — Risk / Return Rank
ENGW.L
WDEE.L
ENGW.L vs. WDEE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI World Energy UCITS ETF (ENGW.L) and Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.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 | WDEE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.90 | -0.58 |
| Martin ratioReturn relative to average drawdown | 6.63 | 8.27 | -1.64 |
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Drawdowns
ENGW.L vs. WDEE.L - Drawdown Comparison
The maximum ENGW.L drawdown since its inception was -69.49%, which is greater than WDEE.L's maximum drawdown of -21.91%. Use the drawdown chart below to compare losses from any high point for ENGW.L and WDEE.L.
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Drawdown Indicators
| ENGW.L | WDEE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.49% | -21.91% | -47.58% |
Max Drawdown (1Y)Largest decline over 1 year | -15.03% | -11.86% | -3.17% |
Max Drawdown (3Y)Largest decline over 3 years | -21.40% | -21.91% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -28.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.68% | — | — |
Current DrawdownCurrent decline from peak | -13.96% | -8.67% | -5.29% |
Average DrawdownAverage peak-to-trough decline | -20.74% | -7.28% | -13.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 4.17% | +1.09% |
Volatility
ENGW.L vs. WDEE.L - Volatility Comparison
State Street SPDR MSCI World Energy UCITS ETF (ENGW.L) has a higher volatility of 7.37% compared to Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L) at 6.88%. This indicates that ENGW.L's price experiences larger fluctuations and is considered to be riskier than WDEE.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 | WDEE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 6.88% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 18.85% | 16.53% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.47% | 19.56% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.49% | 19.37% | +6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.77% | 19.37% | +7.40% |
ENGW.L vs. WDEE.L - Expense Ratio Comparison
ENGW.L has a 0.30% expense ratio, which is higher than WDEE.L's 0.18% expense ratio.
Dividends
ENGW.L vs. WDEE.L - Dividend Comparison
Neither ENGW.L nor WDEE.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, ENGW.L and WDEE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, WDEE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDEE.L is cheaper with a 0.18% expense ratio, compared with 0.30% for ENGW.L.
ENGW.L tracks MSCI World Energy 35/20 Capped Index, while WDEE.L tracks S&P World Energy Targeted & Screened Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.30% for ENGW.L and 0.18% for WDEE.L.
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