ESIE.L vs. WENS.L
ESIE.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) and WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) are both Energy Equities funds from iShares tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, ESIE.L returned 17.82%/yr vs 13.87%/yr for WENS.L. Their correlation of 0.82 suggests significant overlap in exposure. ESIE.L charges 0.18%/yr vs 0.25%/yr for WENS.L.
Performance
ESIE.L vs. WENS.L - Performance Comparison
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Returns By Period
In the year-to-date period, ESIE.L achieves a 34.22% return, which is significantly higher than WENS.L's 31.38% return.
ESIE.L
- 1D
- -1.00%
- 1M
- -2.31%
- YTD
- 34.22%
- 6M
- 30.17%
- 1Y
- 59.36%
- 3Y*
- 17.82%
- 5Y*
- 19.85%
- 10Y*
- —
WENS.L
- 1D
- -0.43%
- 1M
- -0.63%
- YTD
- 31.38%
- 6M
- 26.68%
- 1Y
- 44.00%
- 3Y*
- 13.87%
- 5Y*
- —
- 10Y*
- —
ESIE.L vs. WENS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) | 34.22% | 20.13% | -9.70% | 6.04% | 16.52% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 31.38% | 3.24% | 2.09% | -2.00% | 17.73% |
Correlation
The correlation between ESIE.L and WENS.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.82 |
The correlation between ESIE.L and WENS.L has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
ESIE.L vs. WENS.L — Risk / Return Rank
ESIE.L
WENS.L
ESIE.L vs. WENS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) and iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.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.
| ESIE.L | WENS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 2.99 | +1.88 |
| Martin ratioReturn relative to average drawdown | 14.82 | 9.66 | +5.16 |
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
| ESIE.L | WENS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 2.06 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.59 | +0.27 |
Drawdowns
ESIE.L vs. WENS.L - Drawdown Comparison
The maximum ESIE.L drawdown since its inception was -27.35%, which is greater than WENS.L's maximum drawdown of -22.49%. Use the drawdown chart below to compare losses from any high point for ESIE.L and WENS.L.
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Drawdown Indicators
| ESIE.L | WENS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.35% | -22.49% | -4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -14.63% | +2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -27.35% | -22.49% | -4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -27.35% | — | — |
Current DrawdownCurrent decline from peak | -6.99% | -7.62% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -9.15% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 4.54% | -0.55% |
Volatility
ESIE.L vs. WENS.L - Volatility Comparison
iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) and iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) have volatilities of 8.04% and 7.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESIE.L | WENS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 7.96% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 19.18% | 18.19% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 21.33% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.32% | 21.49% | +2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 21.49% | +3.09% |
ESIE.L vs. WENS.L - Expense Ratio Comparison
ESIE.L has a 0.18% expense ratio, which is lower than WENS.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ESIE.L vs. WENS.L - Dividend Comparison
Neither ESIE.L nor WENS.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 0.00% | 0.00% | 1.75% | 3.61% | 1.77% |
Frequently Asked Questions
ESIE.L and WENS.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIE.L is cheaper with a 0.18% expense ratio, compared with 0.25% for WENS.L.
Both ETFs track MSCI World/Energy NR USD. Their fees differ too: 0.18% for ESIE.L and 0.25% for WENS.L.
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