NRJL.L vs. IESU.L
NRJL.L (Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist) and IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both Energy Equities funds - NRJL.L tracks the S&P Global Clean Energy TR USD while IESU.L tracks the S&P 500 Capped 35/20 Energy Index NTR. Both are passively managed. Over the past 10 years, NRJL.L returned 8.34%/yr vs 8.50%/yr for IESU.L. At a 0.26 correlation, their price movements are largely independent. NRJL.L charges 0.60%/yr vs 0.15%/yr for IESU.L.
Performance
NRJL.L vs. IESU.L - Performance Comparison
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Different Trading Currencies
NRJL.L is traded in GBP, while IESU.L is traded in GBp. To make them comparable, the IESU.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 22.75% return, which is significantly lower than IESU.L's 28.61% return. Both investments have delivered pretty close results over the past 10 years, with NRJL.L having a 8.34% annualized return and IESU.L not far ahead at 8.50%.
NRJL.L
- 1D
- -1.00%
- 1M
- -11.56%
- 6M
- 14.86%
- YTD
- 22.75%
- 1Y
- 50.84%
- 3Y*
- 6.20%
- 5Y*
- 1.17%
- 10Y*
- 8.34%
IESU.L
- 1D
- 1.07%
- 1M
- 4.80%
- 6M
- 20.56%
- YTD
- 28.61%
- 1Y
- 35.99%
- 3Y*
- 13.44%
- 5Y*
- 22.82%
- 10Y*
- 8.50%
NRJL.L vs. IESU.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 | 22.75% | 35.47% | -11.56% | -22.87% | -8.74% | -5.40% | 33.09% | 47.31% | -7.75% | 15.17% |
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 28.61% | 2.26% | 5.45% | -5.96% | 83.53% | 53.82% | -35.62% | 5.37% | -13.39% | -10.01% |
Correlation
The correlation between NRJL.L and IESU.L is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.26 |
The correlation between NRJL.L and IESU.L shifts across timeframes, from -0.21 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NRJL.L vs. IESU.L — Risk / Return Rank
NRJL.L
IESU.L
NRJL.L vs. IESU.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 iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.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.
| NRJL.L | IESU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.26 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 2.07 | +1.50 |
| Martin ratioReturn relative to average drawdown | 14.21 | 5.01 | +9.20 |
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Drawdowns
NRJL.L vs. IESU.L - Drawdown Comparison
The maximum NRJL.L drawdown since its inception was -54.56%, smaller than the maximum IESU.L drawdown of -63.88%. Use the drawdown chart below to compare losses from any high point for NRJL.L and IESU.L.
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Drawdown Indicators
| NRJL.L | IESU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.56% | -63.88% | +9.32% |
Max Drawdown (1Y)Largest decline over 1 year | -14.20% | -17.34% | +3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -39.16% | -26.36% | -12.80% |
Max Drawdown (5Y)Largest decline over 5 years | -54.10% | -26.36% | -27.74% |
Max Drawdown (10Y)Largest decline over 10 years | -54.56% | -62.16% | +7.60% |
Current DrawdownCurrent decline from peak | -14.20% | -10.65% | -3.55% |
Average DrawdownAverage peak-to-trough decline | -23.07% | -20.50% | -2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 7.16% | -3.59% |
Volatility
NRJL.L vs. IESU.L - Volatility Comparison
Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) has a higher volatility of 9.09% compared to iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) at 7.50%. This indicates that NRJL.L's price experiences larger fluctuations and is considered to be riskier than IESU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRJL.L | IESU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 7.50% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 18.67% | 21.74% | -3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.12% | 24.54% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.09% | 29.08% | -6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 29.16% | -7.77% |
NRJL.L vs. IESU.L - Expense Ratio Comparison
NRJL.L has a 0.60% expense ratio, which is higher than IESU.L's 0.15% expense ratio.
Dividends
NRJL.L vs. IESU.L - Dividend Comparison
NRJL.L's dividend yield for the trailing twelve months is around 0.34%, while IESU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 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 | 0.34% | 0.42% | 0.73% | 0.77% | 0.24% | 0.32% | 0.70% | 1.02% | 0.59% | 0.79% |
Frequently Asked Questions
NRJL.L and IESU.L have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESU.L is cheaper with a 0.15% expense ratio, compared with 0.60% for NRJL.L.
NRJL.L tracks S&P Global Clean Energy TR USD, while IESU.L tracks S&P 500 Capped 35/20 Energy Index NTR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.60% for NRJL.L and 0.15% for IESU.L.
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