IWVG.L vs. WNRG.L
IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) and WNRG.L (State Street SPDR MSCI World Energy UCITS ETF USD (Acc)) are both Global Equities funds - IWVG.L tracks the MSCI ACWI Value NR USD while WNRG.L tracks the MSCI World Energy 35/20 Capped Index. Both are passively managed. Over the past 5 years, IWVG.L returned 16.77%/yr vs 21.10%/yr for WNRG.L. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
IWVG.L vs. WNRG.L - Performance Comparison
Loading charts...
Different Trading Currencies
IWVG.L is traded in GBP, while WNRG.L is traded in USD. To make them comparable, the WNRG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with IWVG.L having a 27.55% return and WNRG.L slightly higher at 27.93%.
IWVG.L
- 1D
- 0.00%
- 1M
- -5.15%
- 6M
- 22.89%
- YTD
- 27.55%
- 1Y
- 54.17%
- 3Y*
- 24.43%
- 5Y*
- 16.77%
- 10Y*
- —
WNRG.L
- 1D
- 1.10%
- 1M
- 3.20%
- 6M
- 21.06%
- YTD
- 27.93%
- 1Y
- 37.02%
- 3Y*
- 15.03%
- 5Y*
- 21.10%
- 10Y*
- 8.51%
IWVG.L vs. WNRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 27.55% | 31.27% | 6.58% | 13.08% | 1.04% | 21.24% | -6.86% | 14.68% | -8.59% |
WNRG.L State Street SPDR MSCI World Energy UCITS ETF USD (Acc) | 27.93% | 6.65% | 3.85% | -1.65% | 64.04% | 40.05% | -32.40% | 5.71% | -3.44% |
Correlation
The correlation between IWVG.L and WNRG.L is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2018 | 0.53 |
The correlation between IWVG.L and WNRG.L shifts across timeframes, from -0.05 (1 year) to 0.53 (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
IWVG.L vs. WNRG.L — Risk / Return Rank
IWVG.L
WNRG.L
IWVG.L vs. WNRG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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.
| IWVG.L | WNRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.31 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 7.71 | 2.23 | +5.48 |
| Martin ratioReturn relative to average drawdown | 24.07 | 5.81 | +18.26 |
Loading charts...
Drawdowns
IWVG.L vs. WNRG.L - Drawdown Comparison
The maximum IWVG.L drawdown since its inception was -28.07%, smaller than the maximum WNRG.L drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for IWVG.L and WNRG.L.
Loading charts...
Drawdown Indicators
| IWVG.L | WNRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.07% | -59.34% | +31.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -16.52% | +9.53% |
Max Drawdown (3Y)Largest decline over 3 years | -13.92% | -21.66% | +7.74% |
Max Drawdown (5Y)Largest decline over 5 years | -13.92% | -22.11% | +8.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.34% | — |
Current DrawdownCurrent decline from peak | -6.92% | -10.03% | +3.11% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -12.66% | +8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 6.35% | -4.11% |
Volatility
IWVG.L vs. WNRG.L - Volatility Comparison
The current volatility for iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) is 6.06%, while State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) has a volatility of 6.42%. This indicates that IWVG.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
| IWVG.L | WNRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 6.42% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.09% | 18.68% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.92% | 21.51% | -6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.44% | 23.88% | -10.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.68% | 33.22% | -17.54% |
IWVG.L vs. WNRG.L - Expense Ratio Comparison
Both IWVG.L and WNRG.L have an expense ratio of 0.30%.
Dividends
IWVG.L vs. WNRG.L - Dividend Comparison
IWVG.L's dividend yield for the trailing twelve months is around 1.94%, while WNRG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.94% | 2.48% | 3.12% | 3.22% | 3.11% | 2.61% | 2.37% | 2.90% | 2.48% |
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% |
Frequently Asked Questions
IWVG.L and WNRG.L have a correlation of -0.05, 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.
IWVG.L and WNRG.L have the same expense ratio: 0.30% per year.
IWVG.L tracks MSCI ACWI Value NR USD, while WNRG.L tracks MSCI World Energy 35/20 Capped Index. They also come from different issuers: iShares and State Street.
Find the right allocation for IWVG.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