IOGP.L vs. ENGY.L
IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) and ENGY.L (SPDR® MSCI Europe Energy UCITS ETF) are both exchange-traded funds - IOGP.L is a Oil & Gas fund tracking the S&P Commodity Producers Oil & Gas Exploration & Production Index, while ENGY.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, IOGP.L returned 7.46%/yr vs 11.90%/yr for ENGY.L. A 0.56 correlation means they provide meaningful diversification when combined. IOGP.L charges 0.55%/yr vs 0.18%/yr for ENGY.L.
Performance
IOGP.L vs. ENGY.L - Performance Comparison
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Different Trading Currencies
IOGP.L is traded in USD, while ENGY.L is traded in EUR. To make them comparable, the ENGY.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IOGP.L achieves a 28.57% return, which is significantly lower than ENGY.L's 34.37% return. Over the past 10 years, IOGP.L has underperformed ENGY.L with an annualized return of 7.46%, while ENGY.L has yielded a comparatively higher 11.90% annualized return.
IOGP.L
- 1D
- 2.02%
- 1M
- -2.81%
- YTD
- 28.57%
- 6M
- 24.95%
- 1Y
- 36.79%
- 3Y*
- 14.41%
- 5Y*
- 16.29%
- 10Y*
- 7.46%
ENGY.L
- 1D
- 1.71%
- 1M
- -1.83%
- YTD
- 34.37%
- 6M
- 31.63%
- 1Y
- 56.76%
- 3Y*
- 21.02%
- 5Y*
- 19.07%
- 10Y*
- 11.90%
IOGP.L vs. ENGY.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) | 28.57% | 6.29% | -0.90% | 2.72% | 37.88% | 67.23% | -31.61% | 8.06% | -21.55% | -3.94% |
ENGY.L SPDR® MSCI Europe Energy UCITS ETF | 34.29% | 29.76% | -10.93% | 11.02% | 30.44% | 26.98% | -25.47% | 10.18% | -5.86% | 18.67% |
Correlation
The correlation between IOGP.L and ENGY.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.56 |
The correlation between IOGP.L and ENGY.L shifts across timeframes, from 0.56 (all time) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IOGP.L vs. ENGY.L — Risk / Return Rank
IOGP.L
ENGY.L
IOGP.L vs. ENGY.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 SPDR® MSCI Europe Energy UCITS ETF (ENGY.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.
| IOGP.L | ENGY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.43 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 5.58 | -3.21 |
| Martin ratioReturn relative to average drawdown | 6.32 | 18.21 | -11.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IOGP.L | ENGY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 2.52 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.79 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.54 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.43 | -0.36 |
Drawdowns
IOGP.L vs. ENGY.L - Drawdown Comparison
The maximum IOGP.L drawdown since its inception was -83.56%, which is greater than ENGY.L's maximum drawdown of -61.34%. Use the drawdown chart below to compare losses from any high point for IOGP.L and ENGY.L.
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Drawdown Indicators
| IOGP.L | ENGY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.56% | -61.34% | -22.22% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -10.12% | -5.32% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -24.38% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -32.41% | -24.41% | -8.00% |
Max Drawdown (10Y)Largest decline over 10 years | -74.37% | -61.34% | -13.03% |
Current DrawdownCurrent decline from peak | -8.38% | -5.03% | -3.35% |
Average DrawdownAverage peak-to-trough decline | -35.25% | -12.71% | -22.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.81% | 3.11% | +2.70% |
Volatility
IOGP.L vs. ENGY.L - Volatility Comparison
iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) has a higher volatility of 8.37% compared to SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) at 7.89%. This indicates that IOGP.L's price experiences larger fluctuations and is considered to be riskier than ENGY.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 | ENGY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 7.89% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 20.52% | 18.97% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.66% | 22.37% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.34% | 25.85% | +4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.81% | 30.93% | +1.88% |
IOGP.L vs. ENGY.L - Expense Ratio Comparison
IOGP.L has a 0.55% expense ratio, which is higher than ENGY.L's 0.18% expense ratio.
Dividends
IOGP.L vs. ENGY.L - Dividend Comparison
Neither IOGP.L nor ENGY.L has paid dividends to shareholders.
Frequently Asked Questions
IOGP.L and ENGY.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENGY.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENGY.L is cheaper with a 0.18% expense ratio, compared with 0.55% for IOGP.L.
IOGP.L is categorized as Oil & Gas, while ENGY.L is Energy Equities. IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index, while ENGY.L tracks MSCI World/Energy NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.55% for IOGP.L and 0.18% for ENGY.L.
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