SPYL.L vs. WNRG.L
SPYL.L (SPDR S&P 500 UCITS ETF USD Acc) and WNRG.L (State Street SPDR MSCI World Energy UCITS ETF) are both exchange-traded funds - SPYL.L is a S&P 500 fund tracking the S&P 500, while WNRG.L is a Global Equities fund tracking the State Street SPDR MSCI World Energy UCITS ETF. Both are passively managed. Over the past year, SPYL.L returned 21.76% vs 33.56% for WNRG.L. At a 0.15 correlation, their price movements are largely independent. SPYL.L charges 0.03%/yr vs 0.30%/yr for WNRG.L.
Performance
SPYL.L vs. WNRG.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPYL.L achieves a 10.27% return, which is significantly lower than WNRG.L's 25.26% return.
SPYL.L
- 1D
- 0.27%
- 1M
- 0.05%
- 6M
- 9.88%
- YTD
- 10.27%
- 1Y
- 21.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WNRG.L
- 1D
- 0.34%
- 1M
- 1.22%
- 6M
- 19.05%
- YTD
- 25.26%
- 1Y
- 33.56%
- 3Y*
- 16.08%
- 5Y*
- 20.08%
- 10Y*
- 8.57%
SPYL.L vs. WNRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYL.L SPDR S&P 500 UCITS ETF USD Acc | 10.27% | 17.38% | 25.35% | 14.40% |
WNRG.L State Street SPDR MSCI World Energy UCITS ETF | 25.26% | 14.83% | 2.07% | 0.71% |
Correlation
The correlation between SPYL.L and WNRG.L is -0.13, 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 | -0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023 | 0.15 |
The correlation between SPYL.L and WNRG.L shifts across timeframes, from -0.13 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYL.L vs. WNRG.L — Risk / Return Rank
SPYL.L
WNRG.L
SPYL.L vs. WNRG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 UCITS ETF USD Acc (SPYL.L) and State Street SPDR MSCI World Energy UCITS ETF (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.
| SPYL.L | WNRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.14 | +0.52 |
| Martin ratioReturn relative to average drawdown | 10.73 | 6.18 | +4.54 |
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Drawdowns
SPYL.L vs. WNRG.L - Drawdown Comparison
The maximum SPYL.L drawdown since its inception was -20.80%, smaller than the maximum WNRG.L drawdown of -68.72%. Use the drawdown chart below to compare losses from any high point for SPYL.L and WNRG.L.
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Drawdown Indicators
| SPYL.L | WNRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.80% | -68.72% | +47.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -15.98% | +7.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.92% | — |
Current DrawdownCurrent decline from peak | -0.59% | -9.97% | +9.38% |
Average DrawdownAverage peak-to-trough decline | -1.79% | -17.54% | +15.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 5.55% | -3.53% |
Volatility
SPYL.L vs. WNRG.L - Volatility Comparison
The current volatility for SPDR S&P 500 UCITS ETF USD Acc (SPYL.L) is 2.76%, while State Street SPDR MSCI World Energy UCITS ETF (WNRG.L) has a volatility of 6.79%. This indicates that SPYL.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
| SPYL.L | WNRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 6.79% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 17.77% | -8.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.96% | 20.58% | -8.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.55% | 24.34% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.55% | 33.35% | -8.80% |
SPYL.L vs. WNRG.L - Expense Ratio Comparison
SPYL.L has a 0.03% expense ratio, which is lower than WNRG.L's 0.30% expense ratio.
Dividends
SPYL.L vs. WNRG.L - Dividend Comparison
Neither SPYL.L nor WNRG.L has paid dividends to shareholders.
Frequently Asked Questions
SPYL.L and WNRG.L have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.L is cheaper with a 0.03% expense ratio, compared with 0.30% for WNRG.L.
SPYL.L is categorized as S&P 500, while WNRG.L is Global Equities. SPYL.L tracks S&P 500, while WNRG.L tracks State Street SPDR MSCI World Energy UCITS ETF. Their fees differ too: 0.03% for SPYL.L and 0.30% for WNRG.L.
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