IOGP.L vs. CWEU.L
IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) and CWEU.L (Amundi MSCI World Energy UCITS ETF-C USD) are both Energy Equities funds - IOGP.L tracks the S&P Commodity Producers Oil & Gas Exploration & Production Index while CWEU.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, IOGP.L returned 6.62%/yr vs 7.08%/yr for CWEU.L. Their correlation of 0.82 suggests significant overlap in exposure. IOGP.L charges 0.55%/yr vs 0.25%/yr for CWEU.L.
Performance
IOGP.L vs. CWEU.L - Performance Comparison
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Returns By Period
In the year-to-date period, IOGP.L achieves a 20.93% return, which is significantly lower than CWEU.L's 37.46% return. Over the past 10 years, IOGP.L has underperformed CWEU.L with an annualized return of 6.62%, while CWEU.L has yielded a comparatively higher 7.08% annualized return.
IOGP.L
- 1D
- 0.74%
- 1M
- 2.20%
- 6M
- 20.88%
- YTD
- 20.93%
- 1Y
- 26.42%
- 3Y*
- 9.43%
- 5Y*
- 16.91%
- 10Y*
- 6.62%
CWEU.L
- 1D
- 1.38%
- 1M
- 10.36%
- 6M
- 32.86%
- YTD
- 37.46%
- 1Y
- 50.58%
- 3Y*
- 11.64%
- 5Y*
- 17.64%
- 10Y*
- 7.08%
IOGP.L vs. CWEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOGP.L iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) | 20.93% | 6.27% | -0.86% | 2.69% | 37.85% | 67.31% | -31.65% | 8.07% | -20.89% | -4.74% |
CWEU.L Amundi MSCI World Energy UCITS ETF-C USD | 37.46% | 24.68% | -20.89% | 1.94% | 45.91% | 37.36% | -31.10% | 10.32% | -16.71% | 4.70% |
Correlation
The correlation between IOGP.L and CWEU.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2011 | 0.82 |
Over the past year, the correlation between IOGP.L and CWEU.L has dropped to 0.57 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
IOGP.L vs. CWEU.L — Risk / Return Rank
IOGP.L
CWEU.L
IOGP.L vs. CWEU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) and Amundi MSCI World Energy UCITS ETF-C USD (CWEU.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.
| IOGP.L | CWEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.49 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 5.98 | -4.63 |
| Martin ratioReturn relative to average drawdown | 3.54 | 19.46 | -15.92 |
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Drawdowns
IOGP.L vs. CWEU.L - Drawdown Comparison
The maximum IOGP.L drawdown since its inception was -83.55%, which is greater than CWEU.L's maximum drawdown of -69.57%. Use the drawdown chart below to compare losses from any high point for IOGP.L and CWEU.L.
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Drawdown Indicators
| IOGP.L | CWEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.55% | -69.57% | -13.98% |
Max Drawdown (1Y)Largest decline over 1 year | -19.49% | -8.32% | -11.17% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -32.40% | +5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -32.42% | -34.42% | +2.00% |
Max Drawdown (10Y)Largest decline over 10 years | -74.36% | -64.38% | -9.98% |
Current DrawdownCurrent decline from peak | -13.83% | 0.00% | -13.83% |
Average DrawdownAverage peak-to-trough decline | -33.69% | -19.80% | -13.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 2.56% | +4.89% |
Volatility
IOGP.L vs. CWEU.L - Volatility Comparison
iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) has a higher volatility of 6.52% compared to Amundi MSCI World Energy UCITS ETF-C USD (CWEU.L) at 4.37%. This indicates that IOGP.L's price experiences larger fluctuations and is considered to be riskier than CWEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IOGP.L | CWEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 4.37% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 21.24% | 13.73% | +7.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.30% | 17.14% | +8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.30% | 23.01% | +7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.70% | 25.42% | +7.28% |
IOGP.L vs. CWEU.L - Expense Ratio Comparison
IOGP.L has a 0.55% expense ratio, which is higher than CWEU.L's 0.25% expense ratio.
Dividends
IOGP.L vs. CWEU.L - Dividend Comparison
Neither IOGP.L nor CWEU.L has paid dividends to shareholders.
Frequently Asked Questions
IOGP.L and CWEU.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CWEU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CWEU.L is cheaper with a 0.25% expense ratio, compared with 0.55% for IOGP.L.
IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index, while CWEU.L tracks MSCI World/Energy NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.55% for IOGP.L and 0.25% for CWEU.L.
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