PSRW.L vs. WNRG.L
PSRW.L (Invesco FTSE RAFI All World 3000 UCITS ETF) and WNRG.L (State Street SPDR MSCI World Energy UCITS ETF USD (Acc)) are both Global Equities funds - PSRW.L tracks the MSCI ACWI Value NR USD while WNRG.L tracks the MSCI World Energy 35/20 Capped Index. Both are passively managed. Over the past 10 years, PSRW.L returned 11.70%/yr vs 8.51%/yr for WNRG.L. A 0.58 correlation means they provide meaningful diversification when combined. PSRW.L charges 0.39%/yr vs 0.30%/yr for WNRG.L.
Performance
PSRW.L vs. WNRG.L - Performance Comparison
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Different Trading Currencies
PSRW.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, PSRW.L achieves a 14.64% return, which is significantly lower than WNRG.L's 27.93% return. Over the past 10 years, PSRW.L has outperformed WNRG.L with an annualized return of 11.70%, while WNRG.L has yielded a comparatively lower 8.51% annualized return.
PSRW.L
- 1D
- -0.30%
- 1M
- -1.40%
- 6M
- 10.37%
- YTD
- 14.64%
- 1Y
- 29.51%
- 3Y*
- 18.62%
- 5Y*
- 13.55%
- 10Y*
- 11.70%
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%
PSRW.L vs. WNRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSRW.L Invesco FTSE RAFI All World 3000 UCITS ETF | 14.64% | 19.97% | 12.95% | 10.09% | 2.42% | 22.39% | 2.67% | 17.83% | -7.86% | 9.35% |
WNRG.L State Street SPDR MSCI World Energy UCITS ETF USD (Acc) | 27.93% | 6.65% | 3.85% | -1.65% | 64.04% | 40.05% | -32.40% | 5.71% | -9.95% | -4.27% |
Correlation
The correlation between PSRW.L and WNRG.L is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2009 | 0.58 |
Over the past year, the correlation between PSRW.L and WNRG.L has dropped to 0.05 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
PSRW.L vs. WNRG.L — Risk / Return Rank
PSRW.L
WNRG.L
PSRW.L vs. WNRG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.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.
| PSRW.L | WNRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.31 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.46 | 2.23 | +2.22 |
| Martin ratioReturn relative to average drawdown | 16.61 | 5.81 | +10.80 |
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Drawdowns
PSRW.L vs. WNRG.L - Drawdown Comparison
The maximum PSRW.L drawdown since its inception was -78.62%, which is greater than WNRG.L's maximum drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for PSRW.L and WNRG.L.
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Drawdown Indicators
| PSRW.L | WNRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.62% | -59.34% | -19.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -16.52% | +9.93% |
Max Drawdown (3Y)Largest decline over 3 years | -14.23% | -21.66% | +7.43% |
Max Drawdown (5Y)Largest decline over 5 years | -14.23% | -22.11% | +7.88% |
Max Drawdown (10Y)Largest decline over 10 years | -29.05% | -59.34% | +30.29% |
Current DrawdownCurrent decline from peak | -1.98% | -10.03% | +8.05% |
Average DrawdownAverage peak-to-trough decline | -27.57% | -12.66% | -14.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 6.35% | -4.58% |
Volatility
PSRW.L vs. WNRG.L - Volatility Comparison
The current volatility for Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.L) is 2.55%, while State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) has a volatility of 6.42%. This indicates that PSRW.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.
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Volatility by Period
| PSRW.L | WNRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 6.42% | -3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 18.68% | -10.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.02% | 21.51% | -11.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.23% | 23.88% | -11.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.34% | 33.22% | -18.88% |
PSRW.L vs. WNRG.L - Expense Ratio Comparison
PSRW.L has a 0.39% expense ratio, which is higher than WNRG.L's 0.30% expense ratio.
Dividends
PSRW.L vs. WNRG.L - Dividend Comparison
PSRW.L's dividend yield for the trailing twelve months is around 1.71%, while WNRG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSRW.L Invesco FTSE RAFI All World 3000 UCITS ETF | 1.71% | 2.00% | 2.29% | 2.46% | 2.58% | 1.96% | 1.99% | 2.45% | 2.52% | 2.03% | 1.93% | 2.00% |
WNRG.L State Street SPDR MSCI World Energy UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSRW.L and WNRG.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WNRG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WNRG.L is cheaper with a 0.30% expense ratio, compared with 0.39% for PSRW.L.
PSRW.L tracks MSCI ACWI Value NR USD, while WNRG.L tracks MSCI World Energy 35/20 Capped Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.39% for PSRW.L and 0.30% for WNRG.L.
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