IWDG.L vs. WENS.L
IWDG.L (iShares Core MSCI World UCITS ETF) and WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) are both exchange-traded funds - IWDG.L is a Global Equities fund tracking the MSCI World Index, while WENS.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, IWDG.L returned 18.86%/yr vs 13.87%/yr for WENS.L. At a 0.16 correlation, their price movements are largely independent. IWDG.L charges 0.30%/yr vs 0.25%/yr for WENS.L.
Performance
IWDG.L vs. WENS.L - Performance Comparison
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Different Trading Currencies
IWDG.L is traded in GBp, while WENS.L is traded in GBP. To make them comparable, the WENS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWDG.L achieves a 9.47% return, which is significantly lower than WENS.L's 31.38% return.
IWDG.L
- 1D
- 0.12%
- 1M
- 4.47%
- YTD
- 9.47%
- 6M
- 10.42%
- 1Y
- 25.01%
- 3Y*
- 18.86%
- 5Y*
- 10.65%
- 10Y*
- —
WENS.L
- 1D
- -0.43%
- 1M
- -0.63%
- YTD
- 31.38%
- 6M
- 26.68%
- 1Y
- 44.00%
- 3Y*
- 13.87%
- 5Y*
- —
- 10Y*
- —
IWDG.L vs. WENS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IWDG.L iShares Core MSCI World UCITS ETF | 9.47% | 17.23% | 19.76% | 21.24% | 0.50% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 31.38% | 3.24% | 2.09% | -2.00% | 17.73% |
Correlation
The correlation between IWDG.L and WENS.L is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.16 |
The correlation between IWDG.L and WENS.L shifts across timeframes, from -0.22 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWDG.L vs. WENS.L — Risk / Return Rank
IWDG.L
WENS.L
IWDG.L vs. WENS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF (IWDG.L) and iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.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.
| IWDG.L | WENS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 2.99 | +0.27 |
| Martin ratioReturn relative to average drawdown | 14.14 | 9.66 | +4.48 |
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
| IWDG.L | WENS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 2.06 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.59 | +0.06 |
Drawdowns
IWDG.L vs. WENS.L - Drawdown Comparison
The maximum IWDG.L drawdown since its inception was -34.20%, which is greater than WENS.L's maximum drawdown of -22.49%. Use the drawdown chart below to compare losses from any high point for IWDG.L and WENS.L.
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Drawdown Indicators
| IWDG.L | WENS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.20% | -22.49% | -11.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -14.63% | +6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -22.49% | +4.92% |
Max Drawdown (5Y)Largest decline over 5 years | -23.79% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -7.62% | +7.26% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -9.15% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 4.54% | -2.78% |
Volatility
IWDG.L vs. WENS.L - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF (IWDG.L) is 3.12%, while iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) has a volatility of 7.96%. This indicates that IWDG.L experiences smaller price fluctuations and is considered to be less risky than WENS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDG.L | WENS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 7.96% | -4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 18.19% | -9.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.43% | 21.33% | -9.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 21.49% | -6.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 21.49% | -5.53% |
IWDG.L vs. WENS.L - Expense Ratio Comparison
IWDG.L has a 0.30% expense ratio, which is higher than WENS.L's 0.25% expense ratio.
Dividends
IWDG.L vs. WENS.L - Dividend Comparison
IWDG.L's dividend yield for the trailing twelve months is around 0.01%, while WENS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IWDG.L iShares Core MSCI World UCITS ETF | 0.01% | 0.01% | 0.01% | 0.01% | 0.02% | 0.01% | 0.01% | 0.02% | 0.02% | 0.01% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 0.00% | 0.00% | 1.75% | 3.61% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWDG.L and WENS.L have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WENS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WENS.L is cheaper with a 0.25% expense ratio, compared with 0.30% for IWDG.L.
IWDG.L is categorized as Global Equities, while WENS.L is Energy Equities. IWDG.L tracks MSCI World Index, while WENS.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.30% for IWDG.L and 0.25% for WENS.L.
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