GXLE.L vs. ACWI.L

Last updated Jun 5, 2026

GXLE.L (SPDR S&P US Energy Select Sector UCITS ETF) and ACWI.L (SPDR MSCI ACWI UCITS ETF) are both exchange-traded funds - GXLE.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while ACWI.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, GXLE.L returned 14.18%/yr vs 18.14%/yr for ACWI.L. At a 0.29 correlation, their price movements are largely independent. GXLE.L charges 0.15%/yr vs 0.40%/yr for ACWI.L.

Performance

GXLE.L vs. ACWI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P US Energy Select Sector UCITS ETF (GXLE.L) and SPDR MSCI ACWI UCITS ETF (ACWI.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GXLE.L achieves a 30.65% return, which is significantly higher than ACWI.L's 11.83% return.

GXLE.L

• 1D: -0.48%
• 1M: -0.13%
• YTD: 30.65%
• 6M: 28.41%
• 1Y: 47.66%
• 3Y*: 14.18%
• 5Y*: —
• 10Y*: —

ACWI.L

• 1D: -0.04%
• 1M: 5.29%
• YTD: 11.83%
• 6M: 12.33%
• 1Y: 30.27%
• 3Y*: 18.14%
• 5Y*: 12.52%
• 10Y*: 13.49%

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

GXLE.L vs. ACWI.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GXLE.L SPDR S&P US Energy Select Sector UCITS ETF	30.65%	2.22%	5.51%	-5.03%	26.48%
ACWI.L SPDR MSCI ACWI UCITS ETF	11.83%	14.32%	19.66%	15.59%	-6.87%

Correlation

The correlation between GXLE.L and ACWI.L is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022	0.29

The correlation between GXLE.L and ACWI.L shifts across timeframes, from -0.12 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GXLE.L vs. ACWI.L — Risk / Return Rank

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

GXLE.L

GXLE.L Risk / Return Rank: 56
GXLE.L Sharpe Ratio Rank: 61
GXLE.L Sortino Ratio Rank: 51
GXLE.L Omega Ratio Rank: 59
GXLE.L Calmar Ratio Rank: 58
GXLE.L Martin Ratio Rank: 53

ACWI.L

ACWI.L Risk / Return Rank: 86
ACWI.L Sharpe Ratio Rank: 88
ACWI.L Sortino Ratio Rank: 88
ACWI.L Omega Ratio Rank: 89
ACWI.L Calmar Ratio Rank: 82
ACWI.L Martin Ratio Rank: 85

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.

GXLE.L vs. ACWI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Energy Select Sector UCITS ETF (GXLE.L) and SPDR MSCI ACWI UCITS ETF (ACWI.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.

	GXLE.L	ACWI.L	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.89	-0.90
Sortino ratio: Return per unit of downside risk	2.45	3.99	-1.54
Omega ratio: Gain probability vs. loss probability	1.35	1.55	-0.20
Calmar ratio: Return relative to maximum drawdown	2.85	4.28	-1.42
Martin ratio: Return relative to average drawdown	9.07	17.31	-8.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GXLE.L vs. ACWI.L - Sharpe Ratio Comparison

The current GXLE.L Sharpe Ratio is 2.00, which is lower than the ACWI.L Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of GXLE.L and ACWI.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

	GXLE.L	ACWI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	2.89	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.96	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.81	-0.28

Drawdowns

GXLE.L vs. ACWI.L - Drawdown Comparison

The maximum GXLE.L drawdown since its inception was -23.60%, smaller than the maximum ACWI.L drawdown of -25.44%. Use the drawdown chart below to compare losses from any high point for GXLE.L and ACWI.L.

Drawdown Indicators

	GXLE.L	ACWI.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.60%	-25.44%	+1.84%
Max Drawdown (1Y) Largest decline over 1 year	-16.63%	-7.05%	-9.58%
Max Drawdown (3Y) Largest decline over 3 years	-23.60%	-18.07%	-5.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.44%	—
Current Drawdown Current decline from peak	-8.95%	-0.41%	-8.54%
Average Drawdown Average peak-to-trough decline	-10.77%	-3.67%	-7.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.24%	1.74%	+3.50%

Volatility

GXLE.L vs. ACWI.L - Volatility Comparison

SPDR S&P US Energy Select Sector UCITS ETF (GXLE.L) has a higher volatility of 9.27% compared to SPDR MSCI ACWI UCITS ETF (ACWI.L) at 2.90%. This indicates that GXLE.L's price experiences larger fluctuations and is considered to be riskier than ACWI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GXLE.L	ACWI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.27%	2.90%	+6.37%
Volatility (6M) Calculated over the trailing 6-month period	20.29%	7.75%	+12.54%
Volatility (1Y) Calculated over the trailing 1-year period	23.82%	10.42%	+13.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.52%	13.05%	+12.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.52%	14.39%	+11.13%

GXLE.L vs. ACWI.L - Expense Ratio Comparison

GXLE.L has a 0.15% expense ratio, which is lower than ACWI.L's 0.40% expense ratio.

Dividends

GXLE.L vs. ACWI.L - Dividend Comparison

Neither GXLE.L nor ACWI.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GXLE.L and ACWI.L in my portfolio?

GXLE.L and ACWI.L have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXLE.L or ACWI.L?

On fees, GXLE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXLE.L or ACWI.L?

GXLE.L is cheaper with a 0.15% expense ratio, compared with 0.40% for ACWI.L.

What is the main difference between GXLE.L and ACWI.L?

GXLE.L is categorized as Energy Equities, while ACWI.L is Global Equities. GXLE.L tracks MSCI World/Energy NR USD, while ACWI.L tracks MSCI ACWI NR USD. Their fees differ too: 0.15% for GXLE.L and 0.40% for ACWI.L.