IWVL.L vs. WNRG.L
IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) and WNRG.L (State Street SPDR MSCI World Energy UCITS ETF USD (Acc)) are both Global Equities funds - IWVL.L tracks the MSCI World Enhanced Value Index while WNRG.L tracks the MSCI World Energy 35/20 Capped Index. Both are passively managed. Over the past 10 years, IWVL.L returned 12.31%/yr vs 8.80%/yr for WNRG.L. A 0.57 correlation means they provide meaningful diversification when combined. IWVL.L charges 0.25%/yr vs 0.30%/yr for WNRG.L.
Performance
IWVL.L vs. WNRG.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IWVL.L having a 27.44% return and WNRG.L slightly higher at 27.75%. Over the past 10 years, IWVL.L has outperformed WNRG.L with an annualized return of 12.31%, while WNRG.L has yielded a comparatively lower 8.80% annualized return.
IWVL.L
- 1D
- -0.51%
- 1M
- -5.00%
- 6M
- 23.16%
- YTD
- 27.44%
- 1Y
- 54.19%
- 3Y*
- 25.54%
- 5Y*
- 16.15%
- 10Y*
- 12.31%
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%
IWVL.L vs. WNRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 27.44% | 40.42% | 5.13% | 19.53% | -9.79% | 20.11% | -3.67% | 18.13% | -14.03% | 22.60% |
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 IWVL.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 | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.57 |
The correlation between IWVL.L and WNRG.L shifts across timeframes, from -0.01 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWVL.L vs. WNRG.L — Risk / Return Rank
IWVL.L
WNRG.L
IWVL.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 (Acc) (IWVL.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.
| IWVL.L | WNRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.31 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 6.17 | 2.33 | +3.84 |
| Martin ratioReturn relative to average drawdown | 20.77 | 6.70 | +14.07 |
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Drawdowns
IWVL.L vs. WNRG.L - Drawdown Comparison
The maximum IWVL.L drawdown since its inception was -39.30%, smaller than the maximum WNRG.L drawdown of -68.72%. Use the drawdown chart below to compare losses from any high point for IWVL.L and WNRG.L.
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Drawdown Indicators
| IWVL.L | WNRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -68.72% | +29.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -15.98% | +7.24% |
Max Drawdown (3Y)Largest decline over 3 years | -14.46% | -18.94% | +4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -26.55% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -63.92% | +24.62% |
Current DrawdownCurrent decline from peak | -5.96% | -8.18% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -17.54% | +10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 5.57% | -2.97% |
Volatility
IWVL.L vs. WNRG.L - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) and State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) have volatilities of 6.01% and 5.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWVL.L | WNRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 5.93% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 17.83% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 20.62% | -3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 24.34% | -8.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 33.35% | -16.45% |
IWVL.L vs. WNRG.L - Expense Ratio Comparison
IWVL.L has a 0.25% expense ratio, which is lower than WNRG.L's 0.30% expense ratio.
Dividends
IWVL.L vs. WNRG.L - Dividend Comparison
Neither IWVL.L nor WNRG.L has paid dividends to shareholders.
Frequently Asked Questions
IWVL.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.
On fees, IWVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.30% for WNRG.L.
IWVL.L tracks MSCI World Enhanced Value Index, 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: 0.25% for IWVL.L and 0.30% for WNRG.L.
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