IWDA.L vs. WNRG.L
IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and WNRG.L (State Street SPDR MSCI World Energy UCITS ETF USD (Acc)) are both Global Equities funds - IWDA.L tracks the MSCI World Index (Net) while WNRG.L tracks the MSCI World Energy 35/20 Capped Index. Both are passively managed. Over the past 10 years, IWDA.L returned 12.88%/yr vs 8.80%/yr for WNRG.L. At a 0.48 correlation, their price movements are largely independent. IWDA.L charges 0.20%/yr vs 0.30%/yr for WNRG.L.
Performance
IWDA.L vs. WNRG.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWDA.L achieves a 8.93% return, which is significantly lower than WNRG.L's 27.75% return. Over the past 10 years, IWDA.L has outperformed WNRG.L with an annualized return of 12.88%, while WNRG.L has yielded a comparatively lower 8.80% annualized return.
IWDA.L
- 1D
- -1.16%
- 1M
- -0.81%
- 6M
- 7.29%
- YTD
- 8.93%
- 1Y
- 20.14%
- 3Y*
- 18.30%
- 5Y*
- 11.35%
- 10Y*
- 12.88%
WNRG.L
- 1D
- 0.93%
- 1M
- 4.49%
- 6M
- 21.77%
- YTD
- 27.75%
- 1Y
- 37.39%
- 3Y*
- 16.24%
- 5Y*
- 20.55%
- 10Y*
- 8.80%
IWDA.L vs. WNRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 8.93% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.75% |
WNRG.L State Street SPDR MSCI World Energy UCITS ETF USD (Acc) | 27.75% | 14.83% | 2.07% | 3.52% | 46.61% | 38.74% | -30.35% | 9.89% | -14.99% | 4.80% |
Correlation
The correlation between IWDA.L and WNRG.L is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.48 |
The correlation between IWDA.L and WNRG.L shifts across timeframes, from -0.12 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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
IWDA.L vs. WNRG.L — Risk / Return Rank
IWDA.L
WNRG.L
IWDA.L vs. WNRG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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.
| IWDA.L | WNRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.33 | +0.08 |
| Martin ratioReturn relative to average drawdown | 9.83 | 6.70 | +3.14 |
Loading charts...
Drawdowns
IWDA.L vs. WNRG.L - Drawdown Comparison
The maximum IWDA.L drawdown since its inception was -34.11%, smaller than the maximum WNRG.L drawdown of -68.72%. Use the drawdown chart below to compare losses from any high point for IWDA.L and WNRG.L.
Loading charts...
Drawdown Indicators
| IWDA.L | WNRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -68.72% | +34.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -15.98% | +7.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -18.94% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -26.55% | +0.67% |
Max Drawdown (10Y)Largest decline over 10 years | -34.11% | -63.92% | +29.81% |
Current DrawdownCurrent decline from peak | -1.24% | -8.18% | +6.94% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -17.54% | +13.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 5.57% | -3.53% |
Volatility
IWDA.L vs. WNRG.L - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) is 2.89%, while State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) has a volatility of 5.93%. This indicates that IWDA.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
| IWDA.L | WNRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 5.93% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 17.83% | -7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.29% | 20.62% | -8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.73% | 24.34% | -8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 33.35% | -17.57% |
IWDA.L vs. WNRG.L - Expense Ratio Comparison
IWDA.L has a 0.20% expense ratio, which is lower than WNRG.L's 0.30% expense ratio.
Dividends
IWDA.L vs. WNRG.L - Dividend Comparison
Neither IWDA.L nor WNRG.L has paid dividends to shareholders.
Frequently Asked Questions
IWDA.L and WNRG.L have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.30% for WNRG.L.
IWDA.L tracks MSCI World Index (Net), while WNRG.L tracks MSCI World Energy 35/20 Capped Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for IWDA.L and 0.30% for WNRG.L.
Find the right allocation for IWDA.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