MLPQ.L vs. WENS.L
Compare and contrast key facts about Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPQ.L) and iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L).
MLPQ.L and WENS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPQ.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Energy NR USD. It was launched on May 15, 2013. WENS.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Energy NR USD. It was launched on Oct 17, 2019. Both MLPQ.L and WENS.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MLPQ.L vs. WENS.L - Performance Comparison
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MLPQ.L vs. WENS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MLPQ.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF | 15.58% | -4.55% | 24.63% | 12.94% | 18.44% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 33.43% | 3.24% | 2.09% | -2.00% | 17.73% |
Different Trading Currencies
MLPQ.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, MLPQ.L achieves a 15.58% return, which is significantly lower than WENS.L's 33.43% return.
MLPQ.L
- 1D
- -4.01%
- 1M
- -1.26%
- YTD
- 15.58%
- 6M
- 15.47%
- 1Y
- 2.50%
- 3Y*
- 15.47%
- 5Y*
- 21.41%
- 10Y*
- 10.23%
WENS.L
- 1D
- -5.74%
- 1M
- 6.15%
- YTD
- 33.43%
- 6M
- 34.27%
- 1Y
- 27.91%
- 3Y*
- 13.31%
- 5Y*
- —
- 10Y*
- —
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MLPQ.L vs. WENS.L - Expense Ratio Comparison
MLPQ.L has a 0.50% expense ratio, which is higher than WENS.L's 0.25% expense ratio.
Return for Risk
MLPQ.L vs. WENS.L — Risk / Return Rank
MLPQ.L
WENS.L
MLPQ.L vs. WENS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPQ.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.
| MLPQ.L | WENS.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | 1.32 | -1.19 |
Sortino ratioReturn per unit of downside risk | 0.29 | 1.72 | -1.43 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.26 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.17 | 2.27 | -2.10 |
Martin ratioReturn relative to average drawdown | 0.34 | 6.67 | -6.33 |
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
| MLPQ.L | WENS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 1.32 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.65 | -0.47 |
Correlation
The correlation between MLPQ.L and WENS.L is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MLPQ.L vs. WENS.L - Dividend Comparison
Neither MLPQ.L nor WENS.L has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MLPQ.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 0.00% | 0.00% | 1.75% | 3.61% | 1.77% |
Drawdowns
MLPQ.L vs. WENS.L - Drawdown Comparison
The maximum MLPQ.L drawdown since its inception was -75.62%, 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 MLPQ.L and WENS.L.
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Drawdown Indicators
| MLPQ.L | WENS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.62% | -22.49% | -53.13% |
Max Drawdown (1Y)Largest decline over 1 year | -16.22% | -17.38% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -19.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -74.07% | — | — |
Current DrawdownCurrent decline from peak | -4.80% | -6.18% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -20.24% | -9.15% | -11.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 4.20% | +1.98% |
Volatility
MLPQ.L vs. WENS.L - Volatility Comparison
The current volatility for Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPQ.L) is 5.99%, while iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) has a volatility of 8.79%. This indicates that MLPQ.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
| MLPQ.L | WENS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 8.79% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 14.08% | -3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.28% | 21.02% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 20.97% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 20.97% | +6.95% |