EYED.L vs. WDEE.L

Last updated Jun 5, 2026

EYED.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)) and WDEE.L (Invesco S&P World Energy Targeted & Screened UCITS ETF Acc) are both Energy Equities funds - EYED.L tracks the MSCI World/Energy NR USD while WDEE.L tracks the S&P World Energy Targeted & Screened Index. Both are passively managed. Over the past 3 years, EYED.L returned 17.65%/yr vs 15.96%/yr for WDEE.L. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.

Performance

EYED.L vs. WDEE.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 Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EYED.L achieves a 34.28% return, which is significantly higher than WDEE.L's 30.50% return.

EYED.L

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

WDEE.L

• 1D: -0.74%
• 1M: -1.16%
• YTD: 30.50%
• 6M: 26.32%
• 1Y: 40.90%
• 3Y*: 15.96%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)	34.28%	20.20%	-10.02%	3.23%
WDEE.L Invesco S&P World Energy Targeted & Screened UCITS ETF Acc	30.50%	1.24%	5.84%	4.65%

Correlation

The correlation between EYED.L and WDEE.L is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023	0.80

The correlation between EYED.L and WDEE.L has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.

Return for Risk

EYED.L vs. WDEE.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: 78
EYED.L Sharpe Ratio Rank: 81
EYED.L Sortino Ratio Rank: 69
EYED.L Omega Ratio Rank: 77
EYED.L Calmar Ratio Rank: 86
EYED.L Martin Ratio Rank: 77

WDEE.L

WDEE.L Risk / Return Rank: 66
WDEE.L Sharpe Ratio Rank: 65
WDEE.L Sortino Ratio Rank: 60
WDEE.L Omega Ratio Rank: 60
WDEE.L Calmar Ratio Rank: 80
WDEE.L Martin Ratio Rank: 67

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. WDEE.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 Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.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.L	WDEE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.60	2.09	+0.51
Sortino ratio: Return per unit of downside risk	3.09	2.66	+0.43
Omega ratio: Gain probability vs. loss probability	1.45	1.36	+0.09
Calmar ratio: Return relative to maximum drawdown	4.79	3.43	+1.36
Martin ratio: Return relative to average drawdown	14.52	10.75	+3.77
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. WDEE.L - Sharpe Ratio Comparison

The current EYED.L Sharpe Ratio is 2.60, which is comparable to the WDEE.L Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of EYED.L and WDEE.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

	EYED.L	WDEE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	2.09	+0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.67	0.00

Drawdowns

EYED.L vs. WDEE.L - Drawdown Comparison

The maximum EYED.L drawdown since its inception was -25.34%, which is greater than WDEE.L's maximum drawdown of -21.91%. Use the drawdown chart below to compare losses from any high point for EYED.L and WDEE.L.

Drawdown Indicators

	EYED.L	WDEE.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.34%	-21.91%	-3.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.12%	-11.86%	-0.26%
Max Drawdown (3Y) Largest decline over 3 years	-25.34%	-21.91%	-3.43%
Current Drawdown Current decline from peak	-7.53%	-5.47%	-2.06%
Average Drawdown Average peak-to-trough decline	-8.26%	-7.26%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	3.79%	+0.22%

Volatility

EYED.L vs. WDEE.L - Volatility Comparison

iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) has a higher volatility of 8.43% compared to Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L) at 7.32%. This indicates that EYED.L's price experiences larger fluctuations and is considered to be riskier than WDEE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EYED.L	WDEE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.43%	7.32%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	18.97%	15.99%	+2.98%
Volatility (1Y) Calculated over the trailing 1-year period	22.35%	19.54%	+2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.02%	19.34%	+1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.02%	19.34%	+1.68%

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

Both EYED.L and WDEE.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. WDEE.L - Dividend Comparison

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

Position	TTM	2025	2024	2023
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)	3.87%	5.09%	5.79%	5.09%
WDEE.L Invesco S&P World Energy Targeted & Screened UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EYED.L and WDEE.L in my portfolio?

EYED.L and WDEE.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EYED.L or WDEE.L?

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

Which ETF is cheaper, EYED.L or WDEE.L?

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

What is the main difference between EYED.L and WDEE.L?

EYED.L tracks MSCI World/Energy NR USD, while WDEE.L tracks S&P World Energy Targeted & Screened Index. They also come from different issuers: iShares and Invesco.