NRJL.L vs. BNKE.L

Last updated Jun 5, 2026

NRJL.L (Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist) and BNKE.L (Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc) are both exchange-traded funds - NRJL.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD, while BNKE.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, NRJL.L returned 31.39%/yr vs 29.25%/yr for BNKE.L. At a 0.38 correlation, their price movements are largely independent. NRJL.L charges 0.60%/yr vs 0.30%/yr for BNKE.L.

Performance

NRJL.L vs. BNKE.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 Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRJL.L achieves a 36.32% return, which is significantly higher than BNKE.L's 4.63% return.

NRJL.L

• 1D: -2.12%
• 1M: 1.03%
• YTD: 36.32%
• 6M: 130.93%
• 1Y: 206.01%
• 3Y*: 29.93%
• 5Y*: 31.39%
• 10Y*: —

BNKE.L

• 1D: 0.77%
• 1M: 2.69%
• YTD: 4.63%
• 6M: 11.52%
• 1Y: 43.21%
• 3Y*: 46.04%
• 5Y*: 29.25%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist	36.32%	130.90%	-11.57%	-22.89%	20.78%	36.43%	19.52%
BNKE.L Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc	4.63%	99.94%	25.19%	27.75%	6.62%	31.33%	39.63%

Correlation

The correlation between NRJL.L and BNKE.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020	0.38

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

Sectors	NRJL.L	BNKE.L
Industrials	46.9%	-
Utilities	31.6%	-
Basic Materials	10.9%	-
Technology	10.4%	-
Consumer Cyclical	0.2%	-
Financial Services	0.0%	100.0%
Communication Services	0.0%	-
Healthcare	0.0%	-
Consumer Defensive	0.0%	-
Energy	0.0%	-
Real Estate	-	-

Return for Risk

NRJL.L vs. BNKE.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: 96
NRJL.L Sharpe Ratio Rank: 87
NRJL.L Sortino Ratio Rank: 99
NRJL.L Omega Ratio Rank: 98
NRJL.L Calmar Ratio Rank: 99
NRJL.L Martin Ratio Rank: 98

BNKE.L

BNKE.L Risk / Return Rank: 55
BNKE.L Sharpe Ratio Rank: 58
BNKE.L Sortino Ratio Rank: 56
BNKE.L Omega Ratio Rank: 52
BNKE.L Calmar Ratio Rank: 55
BNKE.L Martin Ratio Rank: 52

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. BNKE.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 Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.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	BNKE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.85	1.93	+0.91
Sortino ratio: Return per unit of downside risk	10.58	2.65	+7.93
Omega ratio: Gain probability vs. loss probability	2.46	1.32	+1.14
Calmar ratio: Return relative to maximum drawdown	23.97	2.70	+21.27
Martin ratio: Return relative to average drawdown	85.38	8.72	+76.66
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. BNKE.L - Sharpe Ratio Comparison

The current NRJL.L Sharpe Ratio is 2.85, which is higher than the BNKE.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of NRJL.L and BNKE.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	BNKE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	1.93	+0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	1.15	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.75	-0.08

Drawdowns

NRJL.L vs. BNKE.L - Drawdown Comparison

The maximum NRJL.L drawdown since its inception was -51.06%, which is greater than BNKE.L's maximum drawdown of -48.52%. Use the drawdown chart below to compare losses from any high point for NRJL.L and BNKE.L.

Drawdown Indicators

	NRJL.L	BNKE.L	Difference
Max Drawdown Largest peak-to-trough decline	-51.06%	-48.52%	-2.54%
Max Drawdown (1Y) Largest decline over 1 year	-8.51%	-16.66%	+8.15%
Max Drawdown (3Y) Largest decline over 3 years	-40.78%	-18.40%	-22.38%
Max Drawdown (5Y) Largest decline over 5 years	-51.06%	-34.21%	-16.85%
Current Drawdown Current decline from peak	-2.51%	-1.62%	-0.89%
Average Drawdown Average peak-to-trough decline	-22.13%	-10.40%	-11.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	5.17%	-2.78%

Volatility

NRJL.L vs. BNKE.L - Volatility Comparison

Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) has a higher volatility of 7.66% compared to Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L) at 6.10%. This indicates that NRJL.L's price experiences larger fluctuations and is considered to be riskier than BNKE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRJL.L	BNKE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.66%	6.10%	+1.56%
Volatility (6M) Calculated over the trailing 6-month period	54.66%	18.62%	+36.04%
Volatility (1Y) Calculated over the trailing 1-year period	71.66%	23.28%	+48.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.42%	25.45%	+19.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.84%	29.62%	+14.22%

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

NRJL.L has a 0.60% expense ratio, which is higher than BNKE.L's 0.30% expense ratio.

Dividends

NRJL.L vs. BNKE.L - Dividend Comparison

NRJL.L's dividend yield for the trailing twelve months is around 30.86%, while BNKE.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BNKE.L Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NRJL.L Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist	30.86%	42.07%	0.73%	0.77%	23.99%	31.56%

Frequently Asked Questions

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

NRJL.L and BNKE.L have a correlation of 0.41, 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 BNKE.L?

On fees, BNKE.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

BNKE.L is cheaper with a 0.30% expense ratio, compared with 0.60% for NRJL.L.

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

NRJL.L is categorized as Energy Equities, while BNKE.L is Financials Equities. NRJL.L tracks S&P Global Clean Energy TR USD, while BNKE.L tracks MSCI World/Financials NR USD. Their fees differ too: 0.60% for NRJL.L and 0.30% for BNKE.L.