FRES.L vs. NRJL.L

Last updated Jun 5, 2026

FRES.L (Fresnillo plc) is a stock, while NRJL.L (Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist) is Energy Equities fund tracking the S&P Global Clean Energy TR USD. Over the past 5 years, FRES.L returned 33.37%/yr vs 31.39%/yr for NRJL.L. At a 0.29 correlation, their price movements are largely independent.

Performance

FRES.L vs. NRJL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fresnillo plc (FRES.L) and Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FRES.L is traded in GBp, while NRJL.L is traded in GBP. To make them comparable, the NRJL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, FRES.L achieves a -2.37% return, which is significantly lower than NRJL.L's 36.32% return.

FRES.L

• 1D: 0.51%
• 1M: 2.22%
• YTD: -2.37%
• 6M: 19.49%
• 1Y: 160.27%
• 3Y*: 72.68%
• 5Y*: 33.37%
• 10Y*: 13.46%

NRJL.L

• 1D: -2.12%
• 1M: 2.01%
• YTD: 36.32%
• 6M: 132.36%
• 1Y: 205.26%
• 3Y*: 29.93%
• 5Y*: 31.39%
• 10Y*: —

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

FRES.L vs. NRJL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FRES.L Fresnillo plc	-2.37%	468.22%	6.13%	-32.98%	3.90%	-18.79%	-2.67%
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist	36.32%	130.90%	-11.57%	-22.89%	20.78%	36.43%	19.52%

Correlation

The correlation between FRES.L and NRJL.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020	0.29

Return for Risk

FRES.L vs. NRJL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FRES.L

FRES.L Risk / Return Rank: 91
FRES.L Sharpe Ratio Rank: 94
FRES.L Sortino Ratio Rank: 90
FRES.L Omega Ratio Rank: 88
FRES.L Calmar Ratio Rank: 92
FRES.L Martin Ratio Rank: 90

NRJL.L

NRJL.L Risk / Return Rank: 96
NRJL.L Sharpe Ratio Rank: 87
NRJL.L Sortino Ratio Rank: 99
NRJL.L Omega Ratio Rank: 98
NRJL.L Calmar Ratio Rank: 99
NRJL.L Martin Ratio Rank: 98

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.

FRES.L vs. NRJL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fresnillo plc (FRES.L) and Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.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.

	FRES.L	NRJL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.91	2.85	+0.07
Sortino ratio: Return per unit of downside risk	3.19	10.58	-7.38
Omega ratio: Gain probability vs. loss probability	1.40	2.46	-1.06
Calmar ratio: Return relative to maximum drawdown	5.13	23.97	-18.84
Martin ratio: Return relative to average drawdown	12.05	85.38	-73.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRES.L vs. NRJL.L - Sharpe Ratio Comparison

The current FRES.L Sharpe Ratio is 2.91, which is comparable to the NRJL.L Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of FRES.L and NRJL.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

	FRES.L	NRJL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	2.85	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.69	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.67	-0.39

Drawdowns

FRES.L vs. NRJL.L - Drawdown Comparison

The maximum FRES.L drawdown since its inception was -82.36%, which is greater than NRJL.L's maximum drawdown of -51.06%. Use the drawdown chart below to compare losses from any high point for FRES.L and NRJL.L.

Drawdown Indicators

	FRES.L	NRJL.L	Difference
Max Drawdown Largest peak-to-trough decline	-82.36%	-51.06%	-31.30%
Max Drawdown (1Y) Largest decline over 1 year	-31.03%	-8.51%	-22.52%
Max Drawdown (3Y) Largest decline over 3 years	-35.33%	-40.91%	+5.58%
Max Drawdown (5Y) Largest decline over 5 years	-53.75%	-51.06%	-2.69%
Max Drawdown (10Y) Largest decline over 10 years	-74.47%	—	—
Current Drawdown Current decline from peak	-26.82%	-2.51%	-24.31%
Average Drawdown Average peak-to-trough decline	-40.32%	-22.13%	-18.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.24%	2.39%	+10.85%

Volatility

FRES.L vs. NRJL.L - Volatility Comparison

Fresnillo plc (FRES.L) has a higher volatility of 19.37% compared to Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) at 7.66%. This indicates that FRES.L's price experiences larger fluctuations and is considered to be riskier than NRJL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRES.L	NRJL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.37%	7.66%	+11.71%
Volatility (6M) Calculated over the trailing 6-month period	41.62%	54.66%	-13.04%
Volatility (1Y) Calculated over the trailing 1-year period	54.69%	71.66%	-16.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.30%	45.42%	-3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.34%	43.84%	-0.50%

Dividends

FRES.L vs. NRJL.L - Dividend Comparison

FRES.L's dividend yield for the trailing twelve months is around 2.99%, less than NRJL.L's 30.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRES.L Fresnillo plc	2.99%	2.00%	1.35%	1.98%	2.44%	2.66%	1.00%	2.35%	3.49%	1.74%	0.74%	0.47%
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist	30.86%	42.07%	0.73%	0.77%	23.99%	31.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FRES.L and NRJL.L in my portfolio?

FRES.L and NRJL.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.