IOGP.L vs. WDEE.L

Last updated Jun 4, 2026

IOGP.L (iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)) and WDEE.L (Invesco S&P World Energy Targeted & Screened UCITS ETF Acc) are both exchange-traded funds - IOGP.L is a Oil & Gas fund tracking the S&P Commodity Producers Oil & Gas Exploration & Production Index, while WDEE.L is a Energy Equities fund tracking the S&P World Energy Targeted & Screened Index. Both are passively managed. Over the past 3 years, IOGP.L returned 14.41%/yr vs 19.17%/yr for WDEE.L. Their correlation of 0.90 suggests significant overlap in exposure. IOGP.L charges 0.55%/yr vs 0.18%/yr for WDEE.L.

Performance

IOGP.L vs. WDEE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) and Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IOGP.L achieves a 28.57% return, which is significantly lower than WDEE.L's 30.95% 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%

WDEE.L

• 1D: 2.00%
• 1M: -1.12%
• YTD: 30.95%
• 6M: 29.56%
• 1Y: 39.49%
• 3Y*: 19.17%
• 5Y*: —
• 10Y*: —

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

IOGP.L vs. WDEE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IOGP.L iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)	28.57%	6.29%	-0.90%	3.93%
WDEE.L Invesco S&P World Energy Targeted & Screened UCITS ETF Acc	30.95%	9.01%	4.02%	7.64%

Correlation

The correlation between IOGP.L and WDEE.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023	0.90

The correlation between IOGP.L and WDEE.L has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

Return for Risk

IOGP.L vs. WDEE.L — Risk / Return Rank

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

IOGP.L

IOGP.L Risk / Return Rank: 42
IOGP.L Sharpe Ratio Rank: 43
IOGP.L Sortino Ratio Rank: 39
IOGP.L Omega Ratio Rank: 40
IOGP.L Calmar Ratio Rank: 49
IOGP.L Martin Ratio Rank: 40

WDEE.L

WDEE.L Risk / Return Rank: 66
WDEE.L Sharpe Ratio Rank: 65
WDEE.L Sortino Ratio Rank: 60
WDEE.L Omega Ratio Rank: 60
WDEE.L Calmar Ratio Rank: 80
WDEE.L Martin Ratio Rank: 67

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.

IOGP.L vs. WDEE.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 Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.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	WDEE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.12	-0.63
Sortino ratio: Return per unit of downside risk	1.97	2.77	-0.80
Omega ratio: Gain probability vs. loss probability	1.26	1.36	-0.10
Calmar ratio: Return relative to maximum drawdown	2.37	4.08	-1.71
Martin ratio: Return relative to average drawdown	6.32	12.12	-5.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IOGP.L vs. WDEE.L - Sharpe Ratio Comparison

The current IOGP.L Sharpe Ratio is 1.49, which is comparable to the WDEE.L Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of IOGP.L and WDEE.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

	IOGP.L	WDEE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	2.12	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.85	-0.77

Drawdowns

IOGP.L vs. WDEE.L - Drawdown Comparison

The maximum IOGP.L drawdown since its inception was -83.56%, which is greater than WDEE.L's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for IOGP.L and WDEE.L.

Drawdown Indicators

	IOGP.L	WDEE.L	Difference
Max Drawdown Largest peak-to-trough decline	-83.56%	-18.54%	-65.02%
Max Drawdown (1Y) Largest decline over 1 year	-15.44%	-9.64%	-5.80%
Max Drawdown (3Y) Largest decline over 3 years	-27.14%	-18.54%	-8.60%
Max Drawdown (5Y) Largest decline over 5 years	-32.41%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-74.37%	—	—
Current Drawdown Current decline from peak	-8.38%	-3.06%	-5.32%
Average Drawdown Average peak-to-trough decline	-35.25%	-3.85%	-31.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.81%	3.25%	+2.56%

Volatility

IOGP.L vs. WDEE.L - Volatility Comparison

iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc) (IOGP.L) has a higher volatility of 8.37% compared to Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L) at 6.80%. This indicates that IOGP.L's price experiences larger fluctuations and is considered to be riskier than WDEE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IOGP.L	WDEE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.37%	6.80%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	20.52%	15.28%	+5.24%
Volatility (1Y) Calculated over the trailing 1-year period	24.66%	18.61%	+6.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.34%	19.11%	+11.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.81%	19.11%	+13.70%

IOGP.L vs. WDEE.L - Expense Ratio Comparison

IOGP.L has a 0.55% expense ratio, which is higher than WDEE.L's 0.18% expense ratio.

Dividends

IOGP.L vs. WDEE.L - Dividend Comparison

Neither IOGP.L nor WDEE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IOGP.L and WDEE.L in my portfolio?

IOGP.L and WDEE.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IOGP.L or WDEE.L?

On fees, WDEE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IOGP.L or WDEE.L?

WDEE.L is cheaper with a 0.18% expense ratio, compared with 0.55% for IOGP.L.

What is the main difference between IOGP.L and WDEE.L?

IOGP.L is categorized as Oil & Gas, while WDEE.L is Energy Equities. IOGP.L tracks S&P Commodity Producers Oil & Gas Exploration & Production Index, while WDEE.L tracks S&P World Energy Targeted & Screened Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for IOGP.L and 0.18% for WDEE.L.