ENGY.L vs. IOGP.L
ENGY.L (SPDR® MSCI Europe Energy UCITS ETF) and IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) are both exchange-traded funds - ENGY.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while IOGP.L is a Oil & Gas fund tracking the S&P Commodity Producers Oil & Gas Exploration & Production Index. Both are passively managed. Over the past 10 years, ENGY.L returned 11.49%/yr vs 7.24%/yr for IOGP.L. A 0.55 correlation means they provide meaningful diversification when combined. ENGY.L charges 0.18%/yr vs 0.55%/yr for IOGP.L.
Performance
ENGY.L vs. IOGP.L - Performance Comparison
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Different Trading Currencies
ENGY.L is traded in EUR, while IOGP.L is traded in USD. To make them comparable, the IOGP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ENGY.L achieves a 36.00% return, which is significantly higher than IOGP.L's 30.11% return. Over the past 10 years, ENGY.L has outperformed IOGP.L with an annualized return of 11.49%, while IOGP.L has yielded a comparatively lower 7.24% annualized return.
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%
IOGP.L
- 1D
- 2.24%
- 1M
- -1.86%
- YTD
- 30.11%
- 6M
- 25.64%
- 1Y
- 34.07%
- 3Y*
- 11.38%
- 5Y*
- 17.38%
- 10Y*
- 7.24%
ENGY.L vs. IOGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENGY.L SPDR® MSCI Europe Energy UCITS ETF | 36.00% | 14.96% | -5.53% | 7.23% | 38.81% | 36.72% | -31.68% | 12.44% | -2.32% | 4.96% |
IOGP.L iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) | 30.11% | -6.32% | 5.64% | -0.36% | 46.42% | 79.74% | -37.25% | 10.50% | -17.87% | -15.75% |
Correlation
The correlation between ENGY.L and IOGP.L is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.55 |
The correlation between ENGY.L and IOGP.L shifts across timeframes, from 0.55 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ENGY.L vs. IOGP.L — Risk / Return Rank
ENGY.L
IOGP.L
ENGY.L vs. IOGP.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 Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.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.L | IOGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.23 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 1.93 | +2.62 |
| Martin ratioReturn relative to average drawdown | 14.59 | 4.91 | +9.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ENGY.L | IOGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 1.30 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.57 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.22 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.11 | +0.31 |
Drawdowns
ENGY.L vs. IOGP.L - Drawdown Comparison
The maximum ENGY.L drawdown since its inception was -58.56%, smaller than the maximum IOGP.L drawdown of -79.50%. Use the drawdown chart below to compare losses from any high point for ENGY.L and IOGP.L.
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Drawdown Indicators
| ENGY.L | IOGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.56% | -79.50% | +20.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -17.61% | +5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -26.50% | -30.36% | +3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -26.50% | -31.86% | +5.36% |
Max Drawdown (10Y)Largest decline over 10 years | -58.56% | -73.78% | +15.22% |
Current DrawdownCurrent decline from peak | -5.46% | -9.53% | +4.07% |
Average DrawdownAverage peak-to-trough decline | -13.00% | -28.04% | +15.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 6.92% | -3.26% |
Volatility
ENGY.L vs. IOGP.L - Volatility Comparison
The current volatility for SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) is 8.12%, while iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) has a volatility of 8.87%. This indicates that ENGY.L experiences smaller price fluctuations and is considered to be less risky than IOGP.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.L | IOGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 8.87% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 19.19% | 21.48% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.41% | 26.15% | -3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.63% | 30.41% | -5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.02% | 32.99% | -2.97% |
ENGY.L vs. IOGP.L - Expense Ratio Comparison
ENGY.L has a 0.18% expense ratio, which is lower than IOGP.L's 0.55% expense ratio.
Dividends
ENGY.L vs. IOGP.L - Dividend Comparison
Neither ENGY.L nor IOGP.L has paid dividends to shareholders.
Frequently Asked Questions
ENGY.L and IOGP.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENGY.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENGY.L is cheaper with a 0.18% expense ratio, compared with 0.55% for IOGP.L.
ENGY.L is categorized as Energy Equities, while IOGP.L is Oil & Gas. ENGY.L tracks MSCI World/Energy NR USD, while IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for ENGY.L and 0.55% for IOGP.L.
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