IGF vs. ENGW.L
IGF (iShares Global Infrastructure ETF) and ENGW.L (SPDR MSCI World Energy UCITS ETF) are both exchange-traded funds - IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index, while ENGW.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, IGF returned 8.53%/yr vs 5.56%/yr for ENGW.L. A 0.57 correlation means they provide meaningful diversification when combined. IGF charges 0.39%/yr vs 0.30%/yr for ENGW.L.
Performance
IGF vs. ENGW.L - Performance Comparison
Loading charts...
Different Trading Currencies
IGF is traded in USD, while ENGW.L is traded in GBP. To make them comparable, the ENGW.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGF achieves a 8.95% return, which is significantly lower than ENGW.L's 29.17% return. Over the past 10 years, IGF has outperformed ENGW.L with an annualized return of 8.53%, while ENGW.L has yielded a comparatively lower 5.56% annualized return.
IGF
- 1D
- 1.21%
- 1M
- -0.77%
- YTD
- 8.95%
- 6M
- 9.24%
- 1Y
- 16.47%
- 3Y*
- 16.15%
- 5Y*
- 10.07%
- 10Y*
- 8.53%
ENGW.L
- 1D
- 0.00%
- 1M
- 0.33%
- YTD
- 29.17%
- 6M
- 29.05%
- 1Y
- 41.79%
- 3Y*
- 18.04%
- 5Y*
- 10.79%
- 10Y*
- 5.56%
IGF vs. ENGW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 8.95% | 21.31% | 14.81% | 6.14% | -1.26% | 11.57% | -6.50% | 25.82% | -9.95% | 19.31% |
ENGW.L SPDR MSCI World Energy UCITS ETF | 29.17% | 15.28% | 1.82% | 3.10% | 7.85% | 39.21% | -28.99% | 15.83% | -20.56% | 15.25% |
Correlation
The correlation between IGF and ENGW.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011 | 0.57 |
Over the past year, the correlation between IGF and ENGW.L has dropped to 0.15 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGF vs. ENGW.L — Risk / Return Rank
IGF
ENGW.L
IGF vs. ENGW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) and SPDR MSCI World Energy UCITS ETF (ENGW.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IGF | ENGW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 3.37 | -0.55 |
| Martin ratioReturn relative to average drawdown | 8.14 | 11.16 | -3.01 |
Loading charts...
Drawdowns
IGF vs. ENGW.L - Drawdown Comparison
The maximum IGF drawdown since its inception was -58.33%, smaller than the maximum ENGW.L drawdown of -79.21%. Use the drawdown chart below to compare losses from any high point for IGF and ENGW.L.
Loading charts...
Drawdown Indicators
| IGF | ENGW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.33% | -79.21% | +20.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -12.46% | +6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -14.28% | -18.79% | +4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | -35.50% | +14.67% |
Max Drawdown (10Y)Largest decline over 10 years | -42.11% | -70.27% | +28.16% |
Current DrawdownCurrent decline from peak | -3.63% | -6.85% | +3.22% |
Average DrawdownAverage peak-to-trough decline | -11.86% | -34.12% | +22.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 3.76% | -1.73% |
Volatility
IGF vs. ENGW.L - Volatility Comparison
The current volatility for iShares Global Infrastructure ETF (IGF) is 3.81%, while SPDR MSCI World Energy UCITS ETF (ENGW.L) has a volatility of 6.43%. This indicates that IGF experiences smaller price fluctuations and is considered to be less risky than ENGW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGF | ENGW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 6.43% | -2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.71% | 17.87% | -9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 20.70% | -10.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 26.66% | -12.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 29.32% | -12.49% |
IGF vs. ENGW.L - Expense Ratio Comparison
IGF has a 0.39% expense ratio, which is higher than ENGW.L's 0.30% expense ratio.
Dividends
IGF vs. ENGW.L - Dividend Comparison
IGF's dividend yield for the trailing twelve months is around 2.96%, while ENGW.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENGW.L SPDR MSCI World Energy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGF iShares Global Infrastructure ETF | 2.96% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
Frequently Asked Questions
IGF and ENGW.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENGW.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENGW.L is cheaper with a 0.30% expense ratio, compared with 0.39% for IGF.
IGF is categorized as Industrials Equities, while ENGW.L is Energy Equities. IGF tracks S&P Global Infrastructure Index, while ENGW.L tracks MSCI World/Energy NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.39% for IGF and 0.30% for ENGW.L.
Find the right allocation for IGF and ENGW.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer