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

EYED.L vs. ENGY.L

Last updated Jun 5, 2026

EYED.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)) and ENGY.L (SPDR® MSCI Europe Energy UCITS ETF) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from iShares and State Street respectively. Both are passively managed. Over the past 3 years, EYED.L returned 17.65%/yr vs 17.64%/yr for ENGY.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.

Performance

EYED.L vs. ENGY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) and SPDR® MSCI Europe Energy UCITS ETF (ENGY.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EYED.L is traded in GBP, while ENGY.L is traded in EUR. To make them comparable, the ENGY.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with EYED.L having a 34.28% return and ENGY.L slightly lower at 33.72%.

EYED.L

1D
-1.18%
1M
-2.75%
YTD
34.28%
6M
30.34%
1Y
58.34%
3Y*
17.65%
5Y*
—
10Y*
—

ENGY.L

1D
-0.83%
1M
-2.30%
YTD
33.72%
6M
29.46%
1Y
58.29%
3Y*
17.64%
5Y*
20.14%
10Y*
12.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022
EYED.L
iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)		34.28%20.20%-10.02%5.93%5.36%
ENGY.L
SPDR® MSCI Europe Energy UCITS ETF		33.72%20.88%-9.65%5.12%7.81%

Correlation

The correlation between EYED.L and ENGY.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.97

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

0.93

Correlation (All Time)
Calculated using the full available price history since Oct 10, 2022

0.93

The correlation between EYED.L and ENGY.L has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

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

Sectors
EYED.L
ENGY.L

Energy

99.2%
99.1%

Communication Services

0.8%
0.7%

Basic Materials

-

0.0%

Consumer Cyclical

-

0.0%

Consumer Defensive

-

0.0%

Financial Services

-

0.0%

Healthcare

-

0.0%

Industrials

-

0.0%

Real Estate

-

0.0%

Technology

-

0.0%

Utilities

-

0.0%

Energy

EYED.L
99.2%
ENGY.L
99.1%

Communication Services

EYED.L
0.8%
ENGY.L
0.7%

Basic Materials

EYED.L

-

ENGY.L
0.0%

Consumer Cyclical

EYED.L

-

ENGY.L
0.0%

Consumer Defensive

EYED.L

-

ENGY.L
0.0%

Financial Services

EYED.L

-

ENGY.L
0.0%

Healthcare

EYED.L

-

ENGY.L
0.0%

Industrials

EYED.L

-

ENGY.L
0.0%

Real Estate

EYED.L

-

ENGY.L
0.0%

Technology

EYED.L

-

ENGY.L
0.0%

Utilities

EYED.L

-

ENGY.L
0.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)

SPDR® MSCI Europe Energy UCITS ETF

Often compared with EYED.L:
EYED.L vs. GXLE.LEYED.L vs. ESIE.LEYED.L vs. XSEN.LEYED.L vs. CWEU.LEYED.L vs. NCLP.LEYED.L vs. RNRU.LEYED.L vs. ANRJ.L
Often compared with ENGY.L:
ENGY.L vs. ENGW.LENGY.L vs. IXCENGY.L vs. SWRD.LENGY.L vs. VTENGY.L vs. VAGP.LENGY.L vs. CSKR.LENGY.L vs. SMH

Return for Risk

EYED.L vs. ENGY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EYED.L
EYED.L Risk / Return Rank: 7878
Overall Rank
EYED.L Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
EYED.L Sortino Ratio Rank: 6969
Sortino Ratio Rank
EYED.L Omega Ratio Rank: 7777
Omega Ratio Rank
EYED.L Calmar Ratio Rank: 8686
Calmar Ratio Rank
EYED.L Martin Ratio Rank: 7777
Martin Ratio Rank
ENGY.L
ENGY.L Risk / Return Rank: 7474
Overall Rank
ENGY.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
ENGY.L Sortino Ratio Rank: 6363
Sortino Ratio Rank
ENGY.L Omega Ratio Rank: 7171
Omega Ratio Rank
ENGY.L Calmar Ratio Rank: 8585
Calmar Ratio Rank
ENGY.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.

EYED.L vs. ENGY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) and SPDR® MSCI Europe Energy UCITS ETF (ENGY.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.

EYED.LENGY.LDifference
Sharpe ratioReturn per unit of total volatility
2.60
2.58

+0.02

Sortino ratioReturn per unit of downside risk
3.09
3.05

+0.04

Omega ratioGain probability vs. loss probability

1.45

1.45

0.00

Calmar ratioReturn relative to maximum drawdown

4.79

4.81

-0.02

Martin ratioReturn relative to average drawdown

14.52

14.43

+0.08

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EYED.L vs. ENGY.L - Sharpe Ratio Comparison

The current EYED.L Sharpe Ratio is 2.60, which is comparable to the ENGY.L Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of EYED.L and ENGY.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

EYED.LENGY.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.60

2.58

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.89

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.60

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.52

+0.15

Drawdowns

EYED.L vs. ENGY.L - Drawdown Comparison

The maximum EYED.L drawdown since its inception was -25.34%, smaller than the maximum ENGY.L drawdown of -56.06%. Use the drawdown chart below to compare losses from any high point for EYED.L and ENGY.L.

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Drawdown Indicators

EYED.LENGY.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.34%

-56.06%

+30.72%

Max Drawdown (1Y)

Largest decline over 1 year

-12.12%

-12.05%

-0.07%

Max Drawdown (3Y)

Largest decline over 3 years

-25.34%

-26.58%

+1.24%

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.58%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-56.06%

—

Current Drawdown

Current decline from peak

-7.53%

-7.25%

-0.28%

Average Drawdown

Average peak-to-trough decline

-8.26%

-13.56%

+5.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.01%

4.03%

-0.02%

Volatility

EYED.L vs. ENGY.L - Volatility Comparison

iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) has a higher volatility of 8.43% compared to SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) at 7.88%. This indicates that EYED.L's price experiences larger fluctuations and is considered to be riskier than ENGY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EYED.LENGY.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.43%

7.88%

+0.55%

Volatility (6M)

Calculated over the trailing 6-month period

18.97%

19.12%

-0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

22.35%

22.52%

-0.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.02%

24.24%

-3.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.02%

29.35%

-8.33%

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

Both EYED.L and ENGY.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EYED.L vs. ENGY.L - Dividend Comparison

EYED.L's dividend yield for the trailing twelve months is around 3.87%, while ENGY.L has not paid dividends to shareholders.

PositionTTM202520242023
ENGY.L
SPDR® MSCI Europe Energy UCITS ETF		0.00%0.00%0.00%0.00%
EYED.L
iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)		3.87%5.09%5.79%5.09%

Frequently Asked Questions

With a correlation of 0.97, EYED.L and ENGY.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

EYED.L and ENGY.L have the same expense ratio: 0.18% per year.

Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: iShares and State Street.

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