SPYN.DE vs. WRNW.DE
SPYN.DE (SPDR MSCI Europe Energy UCITS ETF) and WRNW.DE (WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc) are both Energy Equities funds - SPYN.DE tracks the MSCI Europe Energy 20/35 Capped while WRNW.DE tracks the WisdomTree Renewable Energy. Both are passively managed. Over the past year, SPYN.DE returned 54.32% vs 106.88% for WRNW.DE. At a 0.22 correlation, their price movements are largely independent. SPYN.DE charges 0.18%/yr vs 0.45%/yr for WRNW.DE.
Performance
SPYN.DE vs. WRNW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYN.DE achieves a 35.04% return, which is significantly higher than WRNW.DE's 30.17% return.
SPYN.DE
- 1D
- -0.92%
- 1M
- -2.45%
- YTD
- 35.04%
- 6M
- 30.84%
- 1Y
- 54.32%
- 3Y*
- 17.57%
- 5Y*
- 19.95%
- 10Y*
- 11.20%
WRNW.DE
- 1D
- -2.37%
- 1M
- 4.66%
- YTD
- 30.17%
- 6M
- 30.34%
- 1Y
- 106.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYN.DE vs. WRNW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYN.DE SPDR MSCI Europe Energy UCITS ETF | 35.04% | 14.83% | -5.83% | 11.70% |
WRNW.DE WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc | 30.17% | 51.49% | -23.68% | -12.62% |
Correlation
The correlation between SPYN.DE and WRNW.DE is -0.01, 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 | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023 | 0.22 |
The correlation between SPYN.DE and WRNW.DE shifts across timeframes, from -0.01 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYN.DE vs. WRNW.DE — Risk / Return Rank
SPYN.DE
WRNW.DE
SPYN.DE vs. WRNW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Energy UCITS ETF (SPYN.DE) and WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE). 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.
| SPYN.DE | WRNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.52 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 7.07 | -2.52 |
| Martin ratioReturn relative to average drawdown | 14.57 | 23.97 | -9.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPYN.DE | WRNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 3.54 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.37 | -0.06 |
Drawdowns
SPYN.DE vs. WRNW.DE - Drawdown Comparison
The maximum SPYN.DE drawdown since its inception was -58.67%, which is greater than WRNW.DE's maximum drawdown of -49.14%. Use the drawdown chart below to compare losses from any high point for SPYN.DE and WRNW.DE.
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Drawdown Indicators
| SPYN.DE | WRNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.67% | -49.14% | -9.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.89% | -15.04% | +3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -26.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | — | — |
Current DrawdownCurrent decline from peak | -6.51% | -4.04% | -2.47% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -20.88% | +9.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 4.44% | -0.72% |
Volatility
SPYN.DE vs. WRNW.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Energy UCITS ETF (SPYN.DE) is 7.11%, while WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE) has a volatility of 10.28%. This indicates that SPYN.DE experiences smaller price fluctuations and is considered to be less risky than WRNW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYN.DE | WRNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 10.28% | -3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 19.17% | 19.33% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.25% | 30.01% | -7.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.69% | 26.02% | -2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.06% | 26.02% | +0.04% |
SPYN.DE vs. WRNW.DE - Expense Ratio Comparison
SPYN.DE has a 0.18% expense ratio, which is lower than WRNW.DE's 0.45% expense ratio.
Dividends
SPYN.DE vs. WRNW.DE - Dividend Comparison
Neither SPYN.DE nor WRNW.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYN.DE and WRNW.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYN.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYN.DE is cheaper with a 0.18% expense ratio, compared with 0.45% for WRNW.DE.
SPYN.DE tracks MSCI Europe Energy 20/35 Capped, while WRNW.DE tracks WisdomTree Renewable Energy. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.18% for SPYN.DE and 0.45% for WRNW.DE.
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