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ENGY.L vs. SPX5.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ENGY.L vs. SPX5.L

Last updated Jun 4, 2026

ENGY.L (SPDR® MSCI Europe Energy UCITS ETF) and SPX5.L (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - ENGY.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while SPX5.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ENGY.L returned 11.49%/yr vs 15.17%/yr for SPX5.L. At a 0.21 correlation, their price movements are largely independent. ENGY.L charges 0.18%/yr vs 0.09%/yr for SPX5.L.

Performance

ENGY.L vs. SPX5.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 SPDR S&P 500 UCITS ETF (SPX5.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 SPX5.L is traded in GBP. To make them comparable, the SPX5.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 SPX5.L's 11.54% return. Over the past 10 years, ENGY.L has underperformed SPX5.L with an annualized return of 11.49%, while SPX5.L has yielded a comparatively higher 15.17% 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%

SPX5.L

1D
-0.33%
1M
5.82%
YTD
11.54%
6M
11.56%
1Y
25.67%
3Y*
19.11%
5Y*
14.78%
10Y*
15.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ENGY.L vs. SPX5.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
SPX5.L
SPDR S&P 500 UCITS ETF		11.54%3.63%33.62%22.29%-13.70%39.48%7.36%34.80%-1.27%7.23%

Correlation

The correlation between ENGY.L and SPX5.L is -0.07, 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

-0.07

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

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.21

Correlation (10Y)
Calculated over the trailing 10-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Feb 19, 2015

0.21

The correlation between ENGY.L and SPX5.L shifts across timeframes, from -0.07 (1 year) to 0.23 (10 years), reflecting how their relationship changes across market environments.

ENGY.L vs. SPX5.L - Sectors Allocation Comparison

Sectors
ENGY.L
SPX5.L

Energy

99.1%
3.5%

Communication Services

0.7%
11.2%

Financial Services

0.0%
11.8%

Industrials

0.0%
8.3%

Healthcare

0.0%
8.5%

Consumer Defensive

0.0%
4.9%

Technology

0.0%
35.6%

Consumer Cyclical

0.0%
10.1%

Basic Materials

0.0%
1.8%

Utilities

0.0%
2.3%

Real Estate

0.0%
1.9%

Energy

ENGY.L
99.1%
SPX5.L
3.5%

Communication Services

ENGY.L
0.7%
SPX5.L
11.2%

Financial Services

ENGY.L
0.0%
SPX5.L
11.8%

Industrials

ENGY.L
0.0%
SPX5.L
8.3%

Healthcare

ENGY.L
0.0%
SPX5.L
8.5%

Consumer Defensive

ENGY.L
0.0%
SPX5.L
4.9%

Technology

ENGY.L
0.0%
SPX5.L
35.6%

Consumer Cyclical

ENGY.L
0.0%
SPX5.L
10.1%

Basic Materials

ENGY.L
0.0%
SPX5.L
1.8%

Utilities

ENGY.L
0.0%
SPX5.L
2.3%

Real Estate

ENGY.L
0.0%
SPX5.L
1.9%

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SPDR® MSCI Europe Energy UCITS ETF

SPDR S&P 500 UCITS ETF

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Often compared with SPX5.L:
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Return for Risk

ENGY.L vs. SPX5.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
SPX5.L
SPX5.L Risk / Return Rank: 8181
Overall Rank
SPX5.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
SPX5.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
SPX5.L Omega Ratio Rank: 8484
Omega Ratio Rank
SPX5.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
SPX5.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. SPX5.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 SPDR S&P 500 UCITS ETF (SPX5.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.LSPX5.LDifference
Sharpe ratioReturn per unit of total volatility
2.38
2.29

+0.09

Sortino ratioReturn per unit of downside risk
2.87
3.11

-0.24

Omega ratioGain probability vs. loss probability

1.41

1.42

-0.01

Calmar ratioReturn relative to maximum drawdown

4.55

3.59

+0.96

Martin ratioReturn relative to average drawdown

14.59

12.97

+1.62

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. SPX5.L - Sharpe Ratio Comparison

The current ENGY.L Sharpe Ratio is 2.38, which is comparable to the SPX5.L Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of ENGY.L and SPX5.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.LSPX5.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.38

2.29

+0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.88

0.99

-0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

0.94

-0.41

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.96

-0.54

Drawdowns

ENGY.L vs. SPX5.L - Drawdown Comparison

The maximum ENGY.L drawdown since its inception was -58.56%, which is greater than SPX5.L's maximum drawdown of -32.89%. Use the drawdown chart below to compare losses from any high point for ENGY.L and SPX5.L.

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Drawdown Indicators

ENGY.LSPX5.LDifference

Max Drawdown

Largest peak-to-trough decline

-58.56%

-32.89%

-25.67%

Max Drawdown (1Y)

Largest decline over 1 year

-11.73%

-7.12%

-4.61%

Max Drawdown (3Y)

Largest decline over 3 years

-26.50%

-22.23%

-4.27%

Max Drawdown (5Y)

Largest decline over 5 years

-26.50%

-22.23%

-4.27%

Max Drawdown (10Y)

Largest decline over 10 years

-58.56%

-32.89%

-25.67%

Current Drawdown

Current decline from peak

-5.46%

-0.33%

-5.13%

Average Drawdown

Average peak-to-trough decline

-13.00%

-3.92%

-9.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.66%

1.97%

+1.69%

Volatility

ENGY.L vs. SPX5.L - Volatility Comparison

SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) has a higher volatility of 8.12% compared to SPDR S&P 500 UCITS ETF (SPX5.L) at 2.15%. This indicates that ENGY.L's price experiences larger fluctuations and is considered to be riskier than SPX5.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.LSPX5.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.12%

2.15%

+5.97%

Volatility (6M)

Calculated over the trailing 6-month period

19.19%

7.42%

+11.77%

Volatility (1Y)

Calculated over the trailing 1-year period

22.41%

11.28%

+11.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.63%

15.00%

+9.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.02%

16.05%

+13.97%

ENGY.L vs. SPX5.L - Expense Ratio Comparison

ENGY.L has a 0.18% expense ratio, which is higher than SPX5.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ENGY.L vs. SPX5.L - Dividend Comparison

ENGY.L has not paid dividends to shareholders, while SPX5.L's dividend yield for the trailing twelve months is around 0.89%.

PositionTTM20252024202320222021202020192018201720162015
ENGY.L
SPDR® MSCI Europe Energy UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPX5.L
SPDR S&P 500 UCITS ETF		0.89%0.98%1.04%1.21%1.39%0.98%1.40%1.76%1.71%2.36%1.49%1.68%

Frequently Asked Questions

ENGY.L and SPX5.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPX5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPX5.L is cheaper with a 0.09% expense ratio, compared with 0.18% for ENGY.L.

ENGY.L is categorized as Energy Equities, while SPX5.L is S&P 500. ENGY.L tracks MSCI World/Energy NR USD, while SPX5.L tracks S&P 500 Index. Their fees differ too: 0.18% for ENGY.L and 0.09% for SPX5.L.

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