VWRL.L vs. ENGY.L

Last updated Jun 5, 2026

VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) and ENGY.L (SPDR® MSCI Europe Energy UCITS ETF) are both exchange-traded funds - VWRL.L is a Global Equities fund tracking the FTSE All-World Index, while ENGY.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, VWRL.L returned 13.48%/yr vs 12.60%/yr for ENGY.L. At a 0.25 correlation, their price movements are largely independent. VWRL.L charges 0.19%/yr vs 0.18%/yr for ENGY.L.

Performance

VWRL.L vs. ENGY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) and SPDR® MSCI Europe Energy UCITS ETF (ENGY.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VWRL.L is traded in GBP, while ENGY.L is traded in EUR. To make them comparable, the ENGY.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VWRL.L achieves a 11.87% return, which is significantly lower than ENGY.L's 33.72% return. Over the past 10 years, VWRL.L has outperformed ENGY.L with an annualized return of 13.48%, while ENGY.L has yielded a comparatively lower 12.60% annualized return.

VWRL.L

• 1D: -0.06%
• 1M: 5.33%
• YTD: 11.87%
• 6M: 12.31%
• 1Y: 29.86%
• 3Y*: 17.97%
• 5Y*: 12.45%
• 10Y*: 13.48%

ENGY.L

• 1D: -0.83%
• 1M: -2.30%
• YTD: 33.72%
• 6M: 29.46%
• 1Y: 58.29%
• 3Y*: 17.64%
• 5Y*: 20.14%
• 10Y*: 12.60%

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

VWRL.L vs. ENGY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing	11.87%	13.99%	19.59%	15.61%	-8.44%	20.04%	12.13%	22.03%	-4.70%	13.22%
ENGY.L SPDR® MSCI Europe Energy UCITS ETF	33.72%	20.88%	-9.65%	5.12%	45.92%	28.63%	-28.47%	6.25%	-0.53%	8.91%

Correlation

The correlation between VWRL.L and ENGY.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 (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015	0.25

The correlation between VWRL.L and ENGY.L shifts across timeframes, from -0.13 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.

VWRL.L vs. ENGY.L - Sectors Allocation Comparison

Sectors	VWRL.L	ENGY.L
Technology	29.0%	0.0%
Financial Services	16.1%	0.0%
Industrials	11.0%	0.0%
Consumer Cyclical	9.4%	0.0%
Communication Services	8.8%	0.7%
Healthcare	8.0%	0.0%
Consumer Defensive	5.0%	0.0%
Energy	4.2%	99.1%
Basic Materials	3.8%	0.0%
Utilities	2.7%	0.0%
Real Estate	1.9%	0.0%

Return for Risk

VWRL.L vs. ENGY.L — Risk / Return Rank

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

VWRL.L

VWRL.L Risk / Return Rank: 86
VWRL.L Sharpe Ratio Rank: 87
VWRL.L Sortino Ratio Rank: 88
VWRL.L Omega Ratio Rank: 89
VWRL.L Calmar Ratio Rank: 81
VWRL.L Martin Ratio Rank: 84

ENGY.L

ENGY.L Risk / Return Rank: 74
ENGY.L Sharpe Ratio Rank: 75
ENGY.L Sortino Ratio Rank: 63
ENGY.L Omega Ratio Rank: 71
ENGY.L Calmar Ratio Rank: 85
ENGY.L Martin Ratio Rank: 77

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.

VWRL.L vs. ENGY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) and SPDR® MSCI Europe Energy UCITS ETF (ENGY.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.

	VWRL.L	ENGY.L	Difference
Sharpe ratio: Return per unit of total volatility	2.88	2.58	+0.30
Sortino ratio: Return per unit of downside risk	3.96	3.05	+0.92
Omega ratio: Gain probability vs. loss probability	1.55	1.45	+0.10
Calmar ratio: Return relative to maximum drawdown	4.20	4.81	-0.62
Martin ratio: Return relative to average drawdown	17.09	14.43	+2.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWRL.L vs. ENGY.L - Sharpe Ratio Comparison

The current VWRL.L Sharpe Ratio is 2.88, which is comparable to the ENGY.L Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of VWRL.L and ENGY.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.

Sharpe Ratios by Period

	VWRL.L	ENGY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	2.58	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.89	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	0.60	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.52	+0.43

Drawdowns

VWRL.L vs. ENGY.L - Drawdown Comparison

The maximum VWRL.L drawdown since its inception was -24.98%, smaller than the maximum ENGY.L drawdown of -56.06%. Use the drawdown chart below to compare losses from any high point for VWRL.L and ENGY.L.

Drawdown Indicators

	VWRL.L	ENGY.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.98%	-56.06%	+31.08%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-12.05%	+4.97%
Max Drawdown (3Y) Largest decline over 3 years	-17.48%	-26.58%	+9.10%
Max Drawdown (5Y) Largest decline over 5 years	-17.48%	-26.58%	+9.10%
Max Drawdown (10Y) Largest decline over 10 years	-24.98%	-56.06%	+31.08%
Current Drawdown Current decline from peak	-0.48%	-7.25%	+6.77%
Average Drawdown Average peak-to-trough decline	-3.30%	-13.56%	+10.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	4.03%	-2.29%

Volatility

VWRL.L vs. ENGY.L - Volatility Comparison

The current volatility for Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) is 2.97%, while SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) has a volatility of 7.88%. This indicates that VWRL.L experiences smaller price fluctuations and is considered to be less risky than ENGY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWRL.L	ENGY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	7.88%	-4.91%
Volatility (6M) Calculated over the trailing 6-month period	7.64%	19.12%	-11.48%
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	22.52%	-12.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.86%	24.24%	-11.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.25%	29.35%	-15.10%

VWRL.L vs. ENGY.L - Expense Ratio Comparison

VWRL.L has a 0.19% expense ratio, which is higher than ENGY.L's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VWRL.L vs. ENGY.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ENGY.L SPDR® MSCI Europe Energy UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing	1.24%	1.39%	1.49%	1.72%	2.03%	1.45%	1.58%	1.95%	2.22%	1.90%	1.85%	2.00%

Frequently Asked Questions

Can I hold both VWRL.L and ENGY.L in my portfolio?

VWRL.L and ENGY.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.

Which ETF is better, VWRL.L or ENGY.L?

On fees, ENGY.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VWRL.L or ENGY.L?

ENGY.L is cheaper with a 0.18% expense ratio, compared with 0.19% for VWRL.L.

What is the main difference between VWRL.L and ENGY.L?

VWRL.L is categorized as Global Equities, while ENGY.L is Energy Equities. VWRL.L tracks FTSE All-World Index, while ENGY.L tracks MSCI World/Energy NR USD. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.19% for VWRL.L and 0.18% for ENGY.L.