NRJL.L vs. ANRJ.L

Last updated Jun 6, 2026

NRJL.L (Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist) and ANRJ.L (Amundi ETF MSCI Europe Energy UCITS ETF) are both Energy Equities funds from Amundi - NRJL.L tracks the S&P Global Clean Energy TR USD while ANRJ.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, NRJL.L returned 8.93%/yr vs 15.81%/yr for ANRJ.L. At a 0.43 correlation, their price movements are largely independent. NRJL.L charges 0.60%/yr vs 0.25%/yr for ANRJ.L.

Performance

NRJL.L vs. ANRJ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) and Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NRJL.L is traded in GBP, while ANRJ.L is traded in GBp. To make them comparable, the ANRJ.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, NRJL.L achieves a 33.81% return, which is significantly higher than ANRJ.L's 25.39% return. Over the past 10 years, NRJL.L has underperformed ANRJ.L with an annualized return of 8.93%, while ANRJ.L has yielded a comparatively higher 15.81% annualized return.

NRJL.L

• 1D: -1.84%
• 1M: -0.84%
• YTD: 33.81%
• 6M: 33.00%
• 1Y: 76.22%
• 3Y*: 7.92%
• 5Y*: 3.40%
• 10Y*: 8.93%

ANRJ.L

• 1D: -1.68%
• 1M: -5.10%
• YTD: 25.39%
• 6M: 22.30%
• 1Y: 64.38%
• 3Y*: 32.68%
• 5Y*: 28.33%
• 10Y*: 15.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NRJL.L vs. ANRJ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist	33.81%	35.47%	-11.56%	-22.87%	-8.74%	-5.40%	33.09%	47.31%	-7.75%	15.17%
ANRJ.L Amundi ETF MSCI Europe Energy UCITS ETF	25.39%	43.26%	10.68%	9.79%	44.73%	26.52%	-27.94%	3.65%	0.61%	9.59%

Correlation

The correlation between NRJL.L and ANRJ.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Sep 29, 2010	0.44

Over the past year, NRJL.L and ANRJ.L have become more correlated (0.82) than their long-term average of 0.43, meaning their price movements have been converging.

NRJL.L vs. ANRJ.L - Sectors Allocation Comparison

Sectors	NRJL.L	ANRJ.L
Industrials	46.9%	44.4%
Utilities	31.6%	20.6%
Basic Materials	10.9%	25.7%
Technology	10.4%	1.4%
Consumer Cyclical	0.2%	7.9%
Financial Services	0.0%	-
Communication Services	0.0%	-
Healthcare	0.0%	-
Consumer Defensive	0.0%	-
Energy	0.0%	-
Real Estate	-	-

Return for Risk

NRJL.L vs. ANRJ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NRJL.L

NRJL.L Risk / Return Rank: 95
NRJL.L Sharpe Ratio Rank: 96
NRJL.L Sortino Ratio Rank: 95
NRJL.L Omega Ratio Rank: 94
NRJL.L Calmar Ratio Rank: 96
NRJL.L Martin Ratio Rank: 96

ANRJ.L

ANRJ.L Risk / Return Rank: 93
ANRJ.L Sharpe Ratio Rank: 95
ANRJ.L Sortino Ratio Rank: 93
ANRJ.L Omega Ratio Rank: 91
ANRJ.L Calmar Ratio Rank: 95
ANRJ.L Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NRJL.L vs. ANRJ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) and Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.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.

	NRJL.L	ANRJ.L	Difference
Sharpe ratio: Return per unit of total volatility	3.90	3.45	+0.45
Sortino ratio: Return per unit of downside risk	4.71	4.31	+0.40
Omega ratio: Gain probability vs. loss probability	1.64	1.55	+0.09
Calmar ratio: Return relative to maximum drawdown	8.90	7.31	+1.59
Martin ratio: Return relative to average drawdown	30.85	22.77	+8.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NRJL.L vs. ANRJ.L - Sharpe Ratio Comparison

The current NRJL.L Sharpe Ratio is 3.90, which is comparable to the ANRJ.L Sharpe Ratio of 3.45. The chart below compares the historical Sharpe Ratios of NRJL.L and ANRJ.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NRJL.L	ANRJ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.90	3.45	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	1.31	-1.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.64	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.39	-0.17

Drawdowns

NRJL.L vs. ANRJ.L - Drawdown Comparison

The maximum NRJL.L drawdown since its inception was -54.56%, roughly equal to the maximum ANRJ.L drawdown of -57.08%. Use the drawdown chart below to compare losses from any high point for NRJL.L and ANRJ.L.

Drawdown Indicators

	NRJL.L	ANRJ.L	Difference
Max Drawdown Largest peak-to-trough decline	-54.56%	-57.08%	+2.52%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-8.76%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	-40.78%	-13.17%	-27.61%
Max Drawdown (5Y) Largest decline over 5 years	-54.10%	-19.81%	-34.29%
Max Drawdown (10Y) Largest decline over 10 years	-54.56%	-57.08%	+2.52%
Current Drawdown Current decline from peak	-4.30%	-5.21%	+0.91%
Average Drawdown Average peak-to-trough decline	-23.19%	-13.73%	-9.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	2.82%	-0.36%

Volatility

NRJL.L vs. ANRJ.L - Volatility Comparison

Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) has a higher volatility of 7.85% compared to Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L) at 6.72%. This indicates that NRJL.L's price experiences larger fluctuations and is considered to be riskier than ANRJ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRJL.L	ANRJ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.85%	6.72%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	15.32%	13.65%	+1.67%
Volatility (1Y) Calculated over the trailing 1-year period	19.45%	18.60%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.63%	21.56%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.26%	24.71%	-3.45%

NRJL.L vs. ANRJ.L - Expense Ratio Comparison

NRJL.L has a 0.60% expense ratio, which is higher than ANRJ.L's 0.25% expense ratio.

Dividends

NRJL.L vs. ANRJ.L - Dividend Comparison

NRJL.L's dividend yield for the trailing twelve months is around 0.31%, while ANRJ.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANRJ.L Amundi ETF MSCI Europe Energy UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist	0.31%	0.42%	0.73%	0.77%	0.24%	0.32%	0.70%	1.02%	0.59%	0.79%

Frequently Asked Questions

Can I hold both NRJL.L and ANRJ.L in my portfolio?

NRJL.L and ANRJ.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NRJL.L or ANRJ.L?

On fees, ANRJ.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NRJL.L or ANRJ.L?

ANRJ.L is cheaper with a 0.25% expense ratio, compared with 0.60% for NRJL.L.

What is the main difference between NRJL.L and ANRJ.L?

NRJL.L tracks S&P Global Clean Energy TR USD, while ANRJ.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.60% for NRJL.L and 0.25% for ANRJ.L.