ENGY.L vs. VAGP.L

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) and Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L).

ENGY.L and VAGP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ENGY.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Energy NR USD. It was launched on Dec 5, 2014. VAGP.L is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate TR Hdg GBP. It was launched on Jun 18, 2019. Both ENGY.L and VAGP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ENGY.L vs. VAGP.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 Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ENGY.L SPDR® MSCI Europe Energy UCITS ETF	37.73%	14.96%	-5.53%	7.23%	38.81%	36.72%	-31.68%	-0.26%
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing	0.16%	-0.52%	7.46%	8.08%	-18.25%	4.35%	-0.41%	7.50%

Different Trading Currencies

ENGY.L is traded in EUR, while VAGP.L is traded in GBP. To make them comparable, the VAGP.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 37.73% return, which is significantly higher than VAGP.L's 0.16% return.

ENGY.L

• 1D: -4.25%
• 1M: 13.70%
• YTD: 37.73%
• 6M: 43.20%
• 1Y: 40.24%
• 3Y*: 18.10%
• 5Y*: 21.61%
• 10Y*: 12.43%

VAGP.L

• 1D: 0.82%
• 1M: -1.14%
• YTD: 0.16%
• 6M: 0.74%
• 1Y: -0.85%
• 3Y*: 3.93%
• 5Y*: -0.69%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

ENGY.L has a 0.18% expense ratio, which is higher than VAGP.L's 0.10% 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%.

ENGY.L

SPDR® MSCI Europe Energy UCITS ETF

VAGP.L

Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing

Return for Risk

ENGY.L vs. VAGP.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: 82
ENGY.L Sharpe Ratio Rank: 84
ENGY.L Sortino Ratio Rank: 80
ENGY.L Omega Ratio Rank: 80
ENGY.L Calmar Ratio Rank: 82
ENGY.L Martin Ratio Rank: 83

VAGP.L

VAGP.L Risk / Return Rank: 42
VAGP.L Sharpe Ratio Rank: 45
VAGP.L Sortino Ratio Rank: 41
VAGP.L Omega Ratio Rank: 37
VAGP.L Calmar Ratio Rank: 46
VAGP.L Martin Ratio Rank: 43

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. VAGP.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 Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.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	VAGP.L	Difference
Sharpe ratio Return per unit of total volatility	1.75	-0.14	+1.89
Sortino ratio Return per unit of downside risk	2.15	-0.16	+2.31
Omega ratio Gain probability vs. loss probability	1.32	0.98	+0.34
Calmar ratio Return relative to maximum drawdown	2.56	-0.21	+2.77
Martin ratio Return relative to average drawdown	10.06	-0.68	+10.74
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. VAGP.L - Sharpe Ratio Comparison

The current ENGY.L Sharpe Ratio is 1.75, which is higher than the VAGP.L Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of ENGY.L and VAGP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ENGY.L	VAGP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	-0.14	+1.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.95	-0.09	+1.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.10	+0.34

Correlation

The correlation between ENGY.L and VAGP.L is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

ENGY.L vs. VAGP.L - Dividend Comparison

ENGY.L has not paid dividends to shareholders, while VAGP.L's dividend yield for the trailing twelve months is around 3.53%.

	TTM	2025	2024	2023	2022	2021	2020	2019
ENGY.L SPDR® MSCI Europe Energy UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing	3.53%	3.50%	3.08%	2.37%	1.46%	0.86%	1.21%	0.59%

Drawdowns

ENGY.L vs. VAGP.L - Drawdown Comparison

The maximum ENGY.L drawdown since its inception was -58.56%, which is greater than VAGP.L's maximum drawdown of -20.65%. Use the drawdown chart below to compare losses from any high point for ENGY.L and VAGP.L.

Drawdown Indicators

	ENGY.L	VAGP.L	Difference
Max Drawdown Largest peak-to-trough decline	-58.56%	-18.13%	-40.43%
Max Drawdown (1Y) Largest decline over 1 year	-20.96%	-2.67%	-18.29%
Max Drawdown (5Y) Largest decline over 5 years	-26.50%	-17.70%	-8.80%
Max Drawdown (10Y) Largest decline over 10 years	-58.56%	—	—
Current Drawdown Current decline from peak	-4.25%	-4.17%	-0.08%
Average Drawdown Average peak-to-trough decline	-13.14%	-6.75%	-6.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	0.80%	+3.31%

Volatility

ENGY.L vs. VAGP.L - Volatility Comparison

SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) has a higher volatility of 9.07% compared to Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) at 2.20%. This indicates that ENGY.L's price experiences larger fluctuations and is considered to be riskier than VAGP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENGY.L	VAGP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.07%	2.20%	+6.87%
Volatility (6M) Calculated over the trailing 6-month period	15.27%	3.61%	+11.66%
Volatility (1Y) Calculated over the trailing 1-year period	22.89%	5.96%	+16.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.30%	7.59%	+16.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.06%	8.16%	+21.90%