NRJL.L vs. ENGY.L

Last updated Jun 5, 2026

NRJL.L (Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist) and ENGY.L (SPDR® MSCI Europe Energy UCITS ETF) are both Energy Equities funds - NRJL.L tracks the S&P Global Clean Energy TR USD while ENGY.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 5 years, NRJL.L returned 31.39%/yr vs 20.14%/yr for ENGY.L. At a 0.21 correlation, their price movements are largely independent. NRJL.L charges 0.60%/yr vs 0.18%/yr for ENGY.L.

Performance

NRJL.L vs. ENGY.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 SPDR® MSCI Europe Energy UCITS ETF (ENGY.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NRJL.L is traded in GBP, while ENGY.L is traded in EUR. To make them comparable, the ENGY.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 36.32% return, which is significantly higher than ENGY.L's 33.72% 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*: —

ENGY.L

• 1D: -0.83%
• 1M: -2.30%
• YTD: 33.72%
• 6M: 29.46%
• 1Y: 58.29%
• 3Y*: 17.64%
• 5Y*: 20.14%
• 10Y*: 12.60%

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

NRJL.L vs. ENGY.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%
ENGY.L SPDR® MSCI Europe Energy UCITS ETF	33.66%	20.88%	-9.65%	5.12%	45.92%	28.63%	39.43%

Correlation

The correlation between NRJL.L and ENGY.L is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020	0.21

The correlation between NRJL.L and ENGY.L shifts across timeframes, from -0.04 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.

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

Sectors	NRJL.L	ENGY.L
Industrials	46.9%	0.0%
Utilities	31.6%	0.0%
Basic Materials	10.9%	0.0%
Technology	10.4%	0.0%
Consumer Cyclical	0.2%	0.0%
Financial Services	0.0%	0.0%
Communication Services	0.0%	0.7%
Healthcare	0.0%	0.0%
Consumer Defensive	0.0%	0.0%
Energy	0.0%	99.1%
Real Estate	-	0.0%

Return for Risk

NRJL.L vs. ENGY.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

ENGY.L

ENGY.L Risk / Return Rank: 74
ENGY.L Sharpe Ratio Rank: 75
ENGY.L Sortino Ratio Rank: 63
ENGY.L Omega Ratio Rank: 71
ENGY.L Calmar Ratio Rank: 85
ENGY.L Martin Ratio Rank: 77

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. ENGY.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 SPDR® MSCI Europe Energy UCITS ETF (ENGY.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	ENGY.L	Difference
Sharpe ratio: Return per unit of total volatility	2.85	2.58	+0.27
Sortino ratio: Return per unit of downside risk	10.58	3.05	+7.53
Omega ratio: Gain probability vs. loss probability	2.46	1.45	+1.01
Calmar ratio: Return relative to maximum drawdown	23.97	4.81	+19.16
Martin ratio: Return relative to average drawdown	85.38	14.43	+70.94
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. ENGY.L - Sharpe Ratio Comparison

The current NRJL.L Sharpe Ratio is 2.85, which is comparable to the ENGY.L Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of NRJL.L and ENGY.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	ENGY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	2.58	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.89	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.52	+0.15

Drawdowns

NRJL.L vs. ENGY.L - Drawdown Comparison

The maximum NRJL.L drawdown since its inception was -51.06%, smaller than the maximum ENGY.L drawdown of -56.06%. Use the drawdown chart below to compare losses from any high point for NRJL.L and ENGY.L.

Drawdown Indicators

	NRJL.L	ENGY.L	Difference
Max Drawdown Largest peak-to-trough decline	-51.06%	-56.06%	+5.00%
Max Drawdown (1Y) Largest decline over 1 year	-8.51%	-12.05%	+3.54%
Max Drawdown (3Y) Largest decline over 3 years	-40.78%	-26.58%	-14.20%
Max Drawdown (5Y) Largest decline over 5 years	-51.06%	-26.58%	-24.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.06%	—
Current Drawdown Current decline from peak	-2.51%	-7.25%	+4.74%
Average Drawdown Average peak-to-trough decline	-22.13%	-13.56%	-8.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	4.03%	-1.64%

Volatility

NRJL.L vs. ENGY.L - Volatility Comparison

Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) and SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) have volatilities of 7.66% and 7.88%, 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.

Volatility by Period

	NRJL.L	ENGY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.66%	7.88%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	54.66%	19.12%	+35.54%
Volatility (1Y) Calculated over the trailing 1-year period	71.66%	22.52%	+49.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.42%	24.24%	+21.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.84%	29.35%	+14.49%

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

NRJL.L has a 0.60% expense ratio, which is higher than ENGY.L's 0.18% expense ratio.

Dividends

NRJL.L vs. ENGY.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021
ENGY.L SPDR® MSCI Europe Energy UCITS ETF	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 ENGY.L in my portfolio?

NRJL.L and ENGY.L have a correlation of -0.04, 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 ENGY.L?

On fees, ENGY.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

ENGY.L is cheaper with a 0.18% expense ratio, compared with 0.60% for NRJL.L.

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

NRJL.L tracks S&P Global Clean Energy TR USD, while ENGY.L tracks MSCI World/Energy NR USD. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.60% for NRJL.L and 0.18% for ENGY.L.