VVGM.DE vs. ENGW.L
VVGM.DE (VanEck Morningstar Global Wide Moat UCITS ETF) and ENGW.L (SPDR MSCI World Energy UCITS ETF) are both exchange-traded funds - VVGM.DE is a Global Equities fund tracking the Morningstar Global Wide Moat Focus, while ENGW.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, VVGM.DE returned 10.24%/yr vs 15.53%/yr for ENGW.L. At a 0.23 correlation, their price movements are largely independent. VVGM.DE charges 0.52%/yr vs 0.30%/yr for ENGW.L.
Performance
VVGM.DE vs. ENGW.L - Performance Comparison
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Different Trading Currencies
VVGM.DE is traded in EUR, while ENGW.L is traded in GBP. To make them comparable, the ENGW.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VVGM.DE achieves a 0.57% return, which is significantly lower than ENGW.L's 31.96% return.
VVGM.DE
- 1D
- 0.63%
- 1M
- -0.91%
- YTD
- 0.57%
- 6M
- 0.63%
- 1Y
- 6.67%
- 3Y*
- 10.24%
- 5Y*
- 7.42%
- 10Y*
- —
ENGW.L
- 1D
- -0.61%
- 1M
- -1.01%
- YTD
- 31.96%
- 6M
- 29.35%
- 1Y
- 44.95%
- 3Y*
- 15.53%
- 5Y*
- —
- 10Y*
- —
VVGM.DE vs. ENGW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VVGM.DE VanEck Morningstar Global Wide Moat UCITS ETF | 0.57% | 11.67% | 16.13% | 7.09% | -6.93% |
ENGW.L SPDR MSCI World Energy UCITS ETF | 31.98% | 1.60% | 8.55% | 0.01% | 13.99% |
Correlation
The correlation between VVGM.DE and ENGW.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 (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.23 |
The correlation between VVGM.DE and ENGW.L shifts across timeframes, from -0.13 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VVGM.DE vs. ENGW.L — Risk / Return Rank
VVGM.DE
ENGW.L
VVGM.DE vs. ENGW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE) and SPDR MSCI World Energy UCITS ETF (ENGW.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.
| VVGM.DE | ENGW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.37 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 3.04 | -2.36 |
| Martin ratioReturn relative to average drawdown | 2.16 | 10.18 | -8.02 |
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
| VVGM.DE | ENGW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.10 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.56 | +0.16 |
Drawdowns
VVGM.DE vs. ENGW.L - Drawdown Comparison
The maximum VVGM.DE drawdown since its inception was -17.74%, smaller than the maximum ENGW.L drawdown of -23.64%. Use the drawdown chart below to compare losses from any high point for VVGM.DE and ENGW.L.
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Drawdown Indicators
| VVGM.DE | ENGW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -23.64% | +5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -14.70% | +3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -23.64% | +5.90% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | — | — |
Current DrawdownCurrent decline from peak | -4.90% | -7.14% | +2.24% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -8.84% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 4.40% | -0.94% |
Volatility
VVGM.DE vs. ENGW.L - Volatility Comparison
The current volatility for VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE) is 4.13%, while SPDR MSCI World Energy UCITS ETF (ENGW.L) has a volatility of 8.18%. This indicates that VVGM.DE experiences smaller price fluctuations and is considered to be less risky than ENGW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVGM.DE | ENGW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 8.18% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 18.25% | -8.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 21.39% | -8.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 23.29% | -9.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.72% | 23.29% | -9.57% |
VVGM.DE vs. ENGW.L - Expense Ratio Comparison
VVGM.DE has a 0.52% expense ratio, which is higher than ENGW.L's 0.30% expense ratio.
Dividends
VVGM.DE vs. ENGW.L - Dividend Comparison
Neither VVGM.DE nor ENGW.L has paid dividends to shareholders.
Frequently Asked Questions
VVGM.DE and ENGW.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, ENGW.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENGW.L is cheaper with a 0.30% expense ratio, compared with 0.52% for VVGM.DE.
VVGM.DE is categorized as Global Equities, while ENGW.L is Energy Equities. VVGM.DE tracks Morningstar Global Wide Moat Focus, while ENGW.L tracks MSCI World/Energy NR USD. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.52% for VVGM.DE and 0.30% for ENGW.L.
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