PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ISDW.L vs. WNRG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISDW.L vs. WNRG.L

Last updated Jul 22, 2026
Documentation

ISDW.L (iShares MSCI World Islamic UCITS) and WNRG.L (State Street SPDR MSCI World Energy UCITS ETF USD (Acc)) are both Global Equities funds - ISDW.L tracks the MSCI World Islamic Index while WNRG.L tracks the MSCI World Energy 35/20 Capped Index. Both are passively managed. Over the past 10 years, ISDW.L returned 10.51%/yr vs 9.06%/yr for WNRG.L. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

ISDW.L vs. WNRG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World Islamic UCITS (ISDW.L) and State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ISDW.L achieves a 14.31% return, which is significantly lower than WNRG.L's 29.52% return. Over the past 10 years, ISDW.L has outperformed WNRG.L with an annualized return of 10.51%, while WNRG.L has yielded a comparatively lower 9.06% annualized return.

ISDW.L

1D
1.39%
1M
-2.40%
6M
11.73%
YTD
14.31%
1Y
25.86%
3Y*
14.60%
5Y*
11.11%
10Y*
10.51%
ALL TIME*
6.86%

WNRG.L

1D
0.75%
1M
8.38%
6M
22.90%
YTD
29.52%
1Y
39.48%
3Y*
16.13%
5Y*
21.41%
10Y*
9.06%
ALL TIME*
6.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISDW.L vs. WNRG.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISDW.L
iShares MSCI World Islamic UCITS		14.31%19.35%5.72%23.59%-11.79%21.40%8.33%21.14%-9.55%19.36%
WNRG.L
State Street SPDR MSCI World Energy UCITS ETF USD (Acc)		29.52%14.83%2.07%3.52%46.61%38.74%-30.35%9.89%-14.99%4.80%

Correlation

The correlation between ISDW.L and WNRG.L is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

Correlation (10Y)
Calculated over the trailing 10-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Jan 30, 2009

0.62

The correlation between ISDW.L and WNRG.L shifts across timeframes, from -0.01 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.

ISDW.L vs. WNRG.L - Sectors Allocation Comparison

Sectors
ISDW.L
WNRG.L

Technology

45.0%

-

Industrials

13.4%

-

Healthcare

12.0%

-

Energy

9.7%
99.9%

Basic Materials

8.6%

-

Consumer Cyclical

6.7%

-

Consumer Defensive

3.3%

-

Utilities

0.8%

-

Communication Services

0.4%
0.1%

Real Estate

0.2%

-

Financial Services

0.0%

-

Technology

ISDW.L
45.0%
WNRG.L

-

Industrials

ISDW.L
13.4%
WNRG.L

-

Healthcare

ISDW.L
12.0%
WNRG.L

-

Energy

ISDW.L
9.7%
WNRG.L
99.9%

Basic Materials

ISDW.L
8.6%
WNRG.L

-

Consumer Cyclical

ISDW.L
6.7%
WNRG.L

-

Consumer Defensive

ISDW.L
3.3%
WNRG.L

-

Utilities

ISDW.L
0.8%
WNRG.L

-

Communication Services

ISDW.L
0.4%
WNRG.L
0.1%

Real Estate

ISDW.L
0.2%
WNRG.L

-

Financial Services

ISDW.L
0.0%
WNRG.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World Islamic UCITS

State Street SPDR MSCI World Energy UCITS ETF USD (Acc)

Often compared with ISDW.L:
ISDW.L vs. IGDA.LISDW.L vs. SPUSISDW.L vs. ISDU.LISDW.L vs. SPWOISDW.L vs. ISWD.LISDW.L vs. UMMAISDW.L vs. ISDE.L
Often compared with WNRG.L:
WNRG.L vs. LGUS.LWNRG.L vs. SPXS.LWNRG.L vs. KSTR.LWNRG.L vs. G500.LWNRG.L vs. HKOD.LWNRG.L vs. NXTG.LWNRG.L vs. VPAC.L

Return for Risk

ISDW.L vs. WNRG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISDW.L
ISDW.L Risk / Return Rank: 7777
Overall Rank
ISDW.L Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
ISDW.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
ISDW.L Omega Ratio Rank: 7171
Omega Ratio Rank
ISDW.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
ISDW.L Martin Ratio Rank: 7878
Martin Ratio Rank
WNRG.L
WNRG.L Risk / Return Rank: 6868
Overall Rank
WNRG.L Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
WNRG.L Sortino Ratio Rank: 7070
Sortino Ratio Rank
WNRG.L Omega Ratio Rank: 7474
Omega Ratio Rank
WNRG.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
WNRG.L Martin Ratio Rank: 5454
Martin Ratio Rank
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.

ISDW.L vs. WNRG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Islamic UCITS (ISDW.L) and State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.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.

ISDW.LWNRG.LDifference
Sharpe ratioReturn per unit of total volatility
1.78
1.91

-0.13

Sortino ratioReturn per unit of downside risk
2.53
2.42

+0.11

Omega ratioGain probability vs. loss probability

1.31

1.33

-0.02

Calmar ratioReturn relative to maximum drawdown

3.72

2.46

+1.26

Martin ratioReturn relative to average drawdown

10.74

7.02

+3.72

ISDW.L vs. WNRG.L - Sharpe Ratio Comparison

The current ISDW.L Sharpe Ratio is 1.78, which is comparable to the WNRG.L Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of ISDW.L and WNRG.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.

Loading charts...

Drawdowns

ISDW.L vs. WNRG.L - Drawdown Comparison

The maximum ISDW.L drawdown since its inception was -49.35%, smaller than the maximum WNRG.L drawdown of -68.72%. Use the drawdown chart below to compare losses from any high point for ISDW.L and WNRG.L.

Loading charts...

Drawdown Indicators

ISDW.LWNRG.LDifference

Max Drawdown

Largest peak-to-trough decline

-49.35%

-68.72%

+19.37%

Max Drawdown (1Y)

Largest decline over 1 year

-6.92%

-15.98%

+9.06%

Max Drawdown (3Y)

Largest decline over 3 years

-18.19%

-18.94%

+0.75%

Max Drawdown (5Y)

Largest decline over 5 years

-22.76%

-26.55%

+3.79%

Max Drawdown (10Y)

Largest decline over 10 years

-33.76%

-63.92%

+30.16%

Current Drawdown

Current decline from peak

-4.57%

-6.91%

+2.34%

Average Drawdown

Average peak-to-trough decline

-7.52%

-17.54%

+10.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.40%

5.61%

-3.21%

Volatility

ISDW.L vs. WNRG.L - Volatility Comparison

The current volatility for iShares MSCI World Islamic UCITS (ISDW.L) is 5.44%, while State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) has a volatility of 5.92%. This indicates that ISDW.L experiences smaller price fluctuations and is considered to be less risky than WNRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ISDW.LWNRG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.44%

5.92%

-0.48%

Volatility (6M)

Calculated over the trailing 6-month period

11.97%

17.84%

-5.87%

Volatility (1Y)

Calculated over the trailing 1-year period

14.46%

20.62%

-6.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.93%

24.18%

-8.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.65%

33.36%

-17.71%

ISDW.L vs. WNRG.L - Expense Ratio Comparison

Both ISDW.L and WNRG.L have an expense ratio of 0.30%.

Dividends

ISDW.L vs. WNRG.L - Dividend Comparison

ISDW.L's dividend yield for the trailing twelve months is around 0.99%, while WNRG.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ISDW.L
iShares MSCI World Islamic UCITS		0.99%1.11%1.38%1.56%2.03%1.47%1.38%1.80%1.87%1.54%1.70%1.77%
WNRG.L
State Street SPDR MSCI World Energy UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ISDW.L and WNRG.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

ISDW.L and WNRG.L have the same expense ratio: 0.30% per year.

ISDW.L tracks MSCI World Islamic Index, while WNRG.L tracks MSCI World Energy 35/20 Capped Index. They also come from different issuers: iShares and State Street.

Portfolio Optimizer

Find the right allocation for ISDW.L and WNRG.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