ENGY.L vs. XSEN.L

Last updated Jun 4, 2026

ENGY.L (SPDR® MSCI Europe Energy UCITS ETF) and XSEN.L (Xtrackers MSCI USA Energy UCITS ETF 1D) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from State Street and Xtrackers respectively. Both are passively managed. Over the past 5 years, ENGY.L returned 20.20%/yr vs 21.30%/yr for XSEN.L. A 0.67 correlation means they provide meaningful diversification when combined. ENGY.L charges 0.18%/yr vs 0.12%/yr for XSEN.L.

Performance

ENGY.L vs. XSEN.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 Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ENGY.L is traded in EUR, while XSEN.L is traded in GBp. To make them comparable, the XSEN.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 XSEN.L's 31.73% 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%

XSEN.L

• 1D: 2.52%
• 1M: 1.02%
• YTD: 31.73%
• 6M: 30.41%
• 1Y: 39.83%
• 3Y*: 14.20%
• 5Y*: 21.30%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ENGY.L SPDR® MSCI Europe Energy UCITS ETF	36.00%	14.96%	-5.53%	7.23%	38.81%	36.72%	-31.68%	12.44%	-9.25%
XSEN.L Xtrackers MSCI USA Energy UCITS ETF 1D	31.73%	-3.45%	11.82%	-3.89%	73.43%	60.71%	-39.43%	11.69%	-14.46%

Correlation

The correlation between ENGY.L and XSEN.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	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Apr 24, 2018	0.67

The correlation between ENGY.L and XSEN.L has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.

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

Sectors	ENGY.L	XSEN.L
Energy	99.1%	100.0%
Communication Services	0.7%	-
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%	-

Return for Risk

ENGY.L vs. XSEN.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: 73
ENGY.L Sharpe Ratio Rank: 73
ENGY.L Sortino Ratio Rank: 61
ENGY.L Omega Ratio Rank: 69
ENGY.L Calmar Ratio Rank: 84
ENGY.L Martin Ratio Rank: 76

XSEN.L

XSEN.L Risk / Return Rank: 51
XSEN.L Sharpe Ratio Rank: 54
XSEN.L Sortino Ratio Rank: 47
XSEN.L Omega Ratio Rank: 52
XSEN.L Calmar Ratio Rank: 54
XSEN.L Martin Ratio Rank: 50

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. XSEN.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 Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.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	XSEN.L	Difference
Sharpe ratio: Return per unit of total volatility	2.38	1.65	+0.73
Sortino ratio: Return per unit of downside risk	2.87	2.12	+0.75
Omega ratio: Gain probability vs. loss probability	1.41	1.29	+0.12
Calmar ratio: Return relative to maximum drawdown	4.55	2.38	+2.17
Martin ratio: Return relative to average drawdown	14.59	7.47	+7.11
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. XSEN.L - Sharpe Ratio Comparison

The current ENGY.L Sharpe Ratio is 2.38, which is higher than the XSEN.L Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of ENGY.L and XSEN.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.

Sharpe Ratios by Period

	ENGY.L	XSEN.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	1.65	+0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.80	+0.08
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	0.34	+0.09

Drawdowns

ENGY.L vs. XSEN.L - Drawdown Comparison

The maximum ENGY.L drawdown since its inception was -58.56%, smaller than the maximum XSEN.L drawdown of -64.86%. Use the drawdown chart below to compare losses from any high point for ENGY.L and XSEN.L.

Drawdown Indicators

	ENGY.L	XSEN.L	Difference
Max Drawdown Largest peak-to-trough decline	-58.56%	-64.86%	+6.30%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-16.69%	+4.96%
Max Drawdown (3Y) Largest decline over 3 years	-26.50%	-26.46%	-0.04%
Max Drawdown (5Y) Largest decline over 5 years	-26.50%	-26.46%	-0.04%
Max Drawdown (10Y) Largest decline over 10 years	-58.56%	—	—
Current Drawdown Current decline from peak	-5.46%	-8.54%	+3.08%
Average Drawdown Average peak-to-trough decline	-13.00%	-17.77%	+4.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	5.31%	-1.65%

Volatility

ENGY.L vs. XSEN.L - Volatility Comparison

The current volatility for SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) is 8.12%, while Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L) has a volatility of 9.17%. This indicates that ENGY.L experiences smaller price fluctuations and is considered to be less risky than XSEN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENGY.L	XSEN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.12%	9.17%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	19.19%	20.64%	-1.45%
Volatility (1Y) Calculated over the trailing 1-year period	22.41%	24.09%	-1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.63%	26.71%	-2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.02%	30.37%	-0.35%

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

ENGY.L has a 0.18% expense ratio, which is higher than XSEN.L's 0.12% 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. XSEN.L - Dividend Comparison

ENGY.L has not paid dividends to shareholders, while XSEN.L's dividend yield for the trailing twelve months is around 2.07%.

Position	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%
XSEN.L Xtrackers MSCI USA Energy UCITS ETF 1D	2.07%	2.70%	2.70%	3.24%	3.69%	3.27%	7.11%	2.78%

Frequently Asked Questions

Can I hold both ENGY.L and XSEN.L in my portfolio?

ENGY.L and XSEN.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.

Which ETF is better, ENGY.L or XSEN.L?

On fees, XSEN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ENGY.L or XSEN.L?

XSEN.L is cheaper with a 0.12% expense ratio, compared with 0.18% for ENGY.L.

What is the main difference between ENGY.L and XSEN.L?

Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.18% for ENGY.L and 0.12% for XSEN.L.