ESIE.L vs. WNDG.L
ESIE.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) and WNDG.L (Global X Wind Energy UCITS ETF USD Accumulating) are both Energy Equities funds - ESIE.L tracks the MSCI World/Energy NR USD while WNDG.L tracks the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 3 years, ESIE.L returned 17.82%/yr vs -0.34%/yr for WNDG.L. At a 0.23 correlation, their price movements are largely independent. ESIE.L charges 0.18%/yr vs 0.50%/yr for WNDG.L.
Performance
ESIE.L vs. WNDG.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 WNDG.L's 16.77% 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*
- —
WNDG.L
- 1D
- -1.72%
- 1M
- -7.33%
- YTD
- 16.77%
- 6M
- 17.87%
- 1Y
- 43.50%
- 3Y*
- -0.34%
- 5Y*
- —
- 10Y*
- —
ESIE.L vs. WNDG.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% | 22.21% |
WNDG.L Global X Wind Energy UCITS ETF USD Accumulating | 16.77% | 23.53% | -18.76% | -23.82% | -3.71% |
Correlation
The correlation between ESIE.L and WNDG.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022 | 0.23 |
The correlation between ESIE.L and WNDG.L shifts across timeframes, from 0.10 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ESIE.L vs. WNDG.L — Risk / Return Rank
ESIE.L
WNDG.L
ESIE.L vs. WNDG.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 Global X Wind Energy UCITS ETF USD Accumulating (WNDG.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 | WNDG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.87 | 4.94 | -0.07 |
| Martin ratioReturn relative to average drawdown | 14.82 | 16.13 | -1.32 |
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 | WNDG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 2.23 | +0.35 |
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 | -0.17 | +1.02 |
Drawdowns
ESIE.L vs. WNDG.L - Drawdown Comparison
The maximum ESIE.L drawdown since its inception was -27.35%, smaller than the maximum WNDG.L drawdown of -52.03%. Use the drawdown chart below to compare losses from any high point for ESIE.L and WNDG.L.
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Drawdown Indicators
| ESIE.L | WNDG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.35% | -52.03% | +24.68% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -8.76% | -3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -27.35% | -39.56% | +12.21% |
Max Drawdown (5Y)Largest decline over 5 years | -27.35% | — | — |
Current DrawdownCurrent decline from peak | -6.99% | -21.30% | +14.31% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -28.82% | +20.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 2.69% | +1.30% |
Volatility
ESIE.L vs. WNDG.L - Volatility Comparison
iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) has a higher volatility of 8.04% compared to Global X Wind Energy UCITS ETF USD Accumulating (WNDG.L) at 4.77%. This indicates that ESIE.L's price experiences larger fluctuations and is considered to be riskier than WNDG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESIE.L | WNDG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 4.77% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 19.18% | 13.61% | +5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 19.43% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.32% | 20.70% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 20.70% | +3.88% |
ESIE.L vs. WNDG.L - Expense Ratio Comparison
ESIE.L has a 0.18% expense ratio, which is lower than WNDG.L's 0.50% expense ratio.
Dividends
ESIE.L vs. WNDG.L - Dividend Comparison
Neither ESIE.L nor WNDG.L has paid dividends to shareholders.
Frequently Asked Questions
ESIE.L and WNDG.L have a correlation of 0.10, 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 0.50% for WNDG.L.
ESIE.L tracks MSCI World/Energy NR USD, while WNDG.L tracks S&P Global Clean Energy TR USD. They also come from different issuers: iShares and Global X. Their fees differ too: 0.18% for ESIE.L and 0.50% for WNDG.L.
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