PACW.L vs. WNRG.L

Last updated Jul 18, 2026

PACW.L (Amundi Prime All Country World UCITS ETF Income) and WNRG.L (State Street SPDR MSCI World Energy UCITS ETF USD (Acc)) are both Global Equities funds - PACW.L tracks the Solactive GBS Global Markets Large & Mid Cap Index while WNRG.L tracks the MSCI World Energy 35/20 Capped Index. Both are passively managed. Over the past year, PACW.L returned 22.47% vs 37.02% for WNRG.L. At a 0.05 correlation, their price movements are largely independent. PACW.L charges 0.07%/yr vs 0.30%/yr for WNRG.L.

Performance

PACW.L vs. WNRG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Prime All Country World UCITS ETF Income (PACW.L) and State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PACW.L is traded in GBP, while WNRG.L is traded in USD. To make them comparable, the WNRG.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, PACW.L achieves a 10.95% return, which is significantly lower than WNRG.L's 27.93% return.

PACW.L

• 1D: 0.00%
• 1M: -1.26%
• 6M: 8.28%
• YTD: 10.95%
• 1Y: 22.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WNRG.L

• 1D: 1.10%
• 1M: 3.20%
• 6M: 21.06%
• YTD: 27.93%
• 1Y: 37.02%
• 3Y*: 15.03%
• 5Y*: 21.10%
• 10Y*: 8.51%

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

PACW.L vs. WNRG.L - Yearly Performance Comparison

	2026 (YTD)	2025
PACW.L Amundi Prime All Country World UCITS ETF Income	10.95%	9.40%
WNRG.L State Street SPDR MSCI World Energy UCITS ETF USD (Acc)	27.93%	1.24%

Correlation

The correlation between PACW.L and WNRG.L is -0.15, 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	-0.15
Correlation (All Time) Calculated using the full available price history since Feb 18, 2025	0.05

The correlation between PACW.L and WNRG.L shifts across timeframes, from -0.15 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PACW.L vs. WNRG.L — Risk / Return Rank

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

PACW.L

PACW.L Risk / Return Rank: 80
PACW.L Sharpe Ratio Rank: 80
PACW.L Sortino Ratio Rank: 79
PACW.L Omega Ratio Rank: 81
PACW.L Calmar Ratio Rank: 78
PACW.L Martin Ratio Rank: 82

WNRG.L

WNRG.L Risk / Return Rank: 66
WNRG.L Sharpe Ratio Rank: 76
WNRG.L Sortino Ratio Rank: 66
WNRG.L Omega Ratio Rank: 71
WNRG.L Calmar Ratio Rank: 63
WNRG.L Martin Ratio Rank: 53

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.

PACW.L vs. WNRG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime All Country World UCITS ETF Income (PACW.L) and State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.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.

	PACW.L	WNRG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.02	1.71	+0.31
Sortino ratio: Return per unit of downside risk	2.81	2.19	+0.62
Omega ratio: Gain probability vs. loss probability	1.38	1.31	+0.07
Calmar ratio: Return relative to maximum drawdown	3.20	2.23	+0.97
Martin ratio: Return relative to average drawdown	12.37	5.81	+6.56

PACW.L vs. WNRG.L - Sharpe Ratio Comparison

The current PACW.L Sharpe Ratio is 2.02, which is comparable to the WNRG.L Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of PACW.L and WNRG.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.

Drawdowns

PACW.L vs. WNRG.L - Drawdown Comparison

The maximum PACW.L drawdown since its inception was -17.74%, smaller than the maximum WNRG.L drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for PACW.L and WNRG.L.

Drawdown Indicators

	PACW.L	WNRG.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.74%	-59.34%	+41.60%
Max Drawdown (1Y) Largest decline over 1 year	-7.06%	-16.52%	+9.46%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.34%	—
Current Drawdown Current decline from peak	-2.16%	-10.03%	+7.87%
Average Drawdown Average peak-to-trough decline	-2.91%	-12.66%	+9.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	6.35%	-4.53%

Volatility

PACW.L vs. WNRG.L - Volatility Comparison

The current volatility for Amundi Prime All Country World UCITS ETF Income (PACW.L) is 3.15%, while State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) has a volatility of 6.42%. This indicates that PACW.L experiences smaller price fluctuations and is considered to be less risky than WNRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PACW.L	WNRG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	6.42%	-3.27%
Volatility (6M) Calculated over the trailing 6-month period	8.64%	18.68%	-10.04%
Volatility (1Y) Calculated over the trailing 1-year period	11.23%	21.51%	-10.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.89%	23.88%	-9.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.89%	33.22%	-19.33%

PACW.L vs. WNRG.L - Expense Ratio Comparison

PACW.L has a 0.07% expense ratio, which is lower than WNRG.L's 0.30% expense ratio.

Dividends

PACW.L vs. WNRG.L - Dividend Comparison

PACW.L's dividend yield for the trailing twelve months is around 1.24%, while WNRG.L has not paid dividends to shareholders.

Position	TTM
PACW.L Amundi Prime All Country World UCITS ETF Income	1.24%
WNRG.L State Street SPDR MSCI World Energy UCITS ETF USD (Acc)	0.00%

Frequently Asked Questions

Can I hold both PACW.L and WNRG.L in my portfolio?

PACW.L and WNRG.L have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PACW.L or WNRG.L?

On fees, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PACW.L or WNRG.L?

PACW.L is cheaper with a 0.07% expense ratio, compared with 0.30% for WNRG.L.

What is the main difference between PACW.L and WNRG.L?

PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index, while WNRG.L tracks MSCI World Energy 35/20 Capped Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.07% for PACW.L and 0.30% for WNRG.L.