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ENGY.L vs. EYED.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ENGY.L vs. EYED.L

Last updated Jun 4, 2026

ENGY.L (SPDR® MSCI Europe Energy UCITS ETF) and EYED.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from State Street and iShares respectively. Both are passively managed. Over the past 3 years, ENGY.L returned 17.81%/yr vs 17.99%/yr for EYED.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.

Performance

ENGY.L vs. EYED.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) and iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ENGY.L is traded in EUR, while EYED.L is traded in GBP. To make them comparable, the EYED.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with ENGY.L having a 36.00% return and EYED.L slightly higher at 37.19%.

ENGY.L

1D
1.97%
1M
-0.86%
YTD
36.00%
6M
32.37%
1Y
53.57%
3Y*
17.81%
5Y*
20.20%
10Y*
11.49%

EYED.L

1D
1.97%
1M
-0.49%
YTD
37.19%
6M
33.11%
1Y
54.76%
3Y*
17.99%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ENGY.L vs. EYED.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
ENGY.L
SPDR® MSCI Europe Energy UCITS ETF		36.00%14.96%-5.53%7.23%6.89%
EYED.L
iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)		37.19%13.93%-5.68%8.18%4.46%

Correlation

The correlation between ENGY.L and EYED.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Oct 10, 2022

0.92

The correlation between ENGY.L and EYED.L has been stable across timeframes, ranging from 0.92 to 0.98 - a consistent structural relationship.

ENGY.L vs. EYED.L - Sectors Allocation Comparison

Sectors
ENGY.L
EYED.L

Energy

99.1%
99.2%

Communication Services

0.7%
0.8%

Financial Services

0.0%

-

Industrials

0.0%

-

Healthcare

0.0%

-

Consumer Defensive

0.0%

-

Technology

0.0%

-

Consumer Cyclical

0.0%

-

Basic Materials

0.0%

-

Utilities

0.0%

-

Real Estate

0.0%

-

Energy

ENGY.L
99.1%
EYED.L
99.2%

Communication Services

ENGY.L
0.7%
EYED.L
0.8%

Financial Services

ENGY.L
0.0%
EYED.L

-

Industrials

ENGY.L
0.0%
EYED.L

-

Healthcare

ENGY.L
0.0%
EYED.L

-

Consumer Defensive

ENGY.L
0.0%
EYED.L

-

Technology

ENGY.L
0.0%
EYED.L

-

Consumer Cyclical

ENGY.L
0.0%
EYED.L

-

Basic Materials

ENGY.L
0.0%
EYED.L

-

Utilities

ENGY.L
0.0%
EYED.L

-

Real Estate

ENGY.L
0.0%
EYED.L

-

Compare stocks, funds, or ETFs

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SPDR® MSCI Europe Energy UCITS ETF

iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)

Often compared with ENGY.L:
ENGY.L vs. ENGW.LENGY.L vs. IXCENGY.L vs. SWRD.LENGY.L vs. VTENGY.L vs. CSKR.LENGY.L vs. SMHENGY.L vs. VAGP.L
Often compared with EYED.L:
EYED.L vs. GXLE.LEYED.L vs. ESIE.LEYED.L vs. XSEN.LEYED.L vs. CWEU.LEYED.L vs. NCLP.LEYED.L vs. RNRU.LEYED.L vs. ANRJ.L

Return for Risk

ENGY.L vs. EYED.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ENGY.L
ENGY.L Risk / Return Rank: 7373
Overall Rank
ENGY.L Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
ENGY.L Sortino Ratio Rank: 6161
Sortino Ratio Rank
ENGY.L Omega Ratio Rank: 6969
Omega Ratio Rank
ENGY.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
ENGY.L Martin Ratio Rank: 7676
Martin Ratio Rank
EYED.L
EYED.L Risk / Return Rank: 7878
Overall Rank
EYED.L Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
EYED.L Sortino Ratio Rank: 6969
Sortino Ratio Rank
EYED.L Omega Ratio Rank: 7777
Omega Ratio Rank
EYED.L Calmar Ratio Rank: 8686
Calmar Ratio Rank
EYED.L Martin Ratio Rank: 7777
Martin Ratio Rank
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.

ENGY.L vs. EYED.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) and iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.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.

ENGY.LEYED.LDifference
Sharpe ratioReturn per unit of total volatility
2.38
2.44

-0.06

Sortino ratioReturn per unit of downside risk
2.87
2.96

-0.09

Omega ratioGain probability vs. loss probability

1.41

1.42

-0.01

Calmar ratioReturn relative to maximum drawdown

4.55

4.63

-0.09

Martin ratioReturn relative to average drawdown

14.59

15.01

-0.42

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENGY.L vs. EYED.L - Sharpe Ratio Comparison

The current ENGY.L Sharpe Ratio is 2.38, which is comparable to the EYED.L Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of ENGY.L and EYED.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ENGY.LEYED.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.38

2.44

-0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.88

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.71

-0.28

Drawdowns

ENGY.L vs. EYED.L - Drawdown Comparison

The maximum ENGY.L drawdown since its inception was -58.56%, which is greater than EYED.L's maximum drawdown of -25.52%. Use the drawdown chart below to compare losses from any high point for ENGY.L and EYED.L.

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Drawdown Indicators

ENGY.LEYED.LDifference

Max Drawdown

Largest peak-to-trough decline

-58.56%

-25.52%

-33.04%

Max Drawdown (1Y)

Largest decline over 1 year

-11.73%

-11.76%

+0.03%

Max Drawdown (3Y)

Largest decline over 3 years

-26.50%

-25.52%

-0.98%

Max Drawdown (5Y)

Largest decline over 5 years

-26.50%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-58.56%

—

—

Current Drawdown

Current decline from peak

-5.46%

-5.37%

-0.09%

Average Drawdown

Average peak-to-trough decline

-13.00%

-7.54%

-5.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.66%

3.64%

+0.02%

Volatility

ENGY.L vs. EYED.L - Volatility Comparison

The current volatility for SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) is 8.12%, while iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) has a volatility of 8.65%. This indicates that ENGY.L experiences smaller price fluctuations and is considered to be less risky than EYED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ENGY.LEYED.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.12%

8.65%

-0.53%

Volatility (6M)

Calculated over the trailing 6-month period

19.19%

19.14%

+0.05%

Volatility (1Y)

Calculated over the trailing 1-year period

22.41%

22.35%

+0.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.63%

21.18%

+3.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.02%

21.18%

+8.84%

ENGY.L vs. EYED.L - Expense Ratio Comparison

Both ENGY.L and EYED.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

ENGY.L vs. EYED.L - Dividend Comparison

ENGY.L has not paid dividends to shareholders, while EYED.L's dividend yield for the trailing twelve months is around 3.83%.

PositionTTM202520242023
ENGY.L
SPDR® MSCI Europe Energy UCITS ETF		0.00%0.00%0.00%0.00%
EYED.L
iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)		3.83%5.09%5.79%5.09%

Frequently Asked Questions

With a correlation of 0.98, ENGY.L and EYED.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.

Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

ENGY.L and EYED.L have the same expense ratio: 0.18% per year.

Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: State Street and iShares.

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