WDEE.L vs. WENS.L

Last updated Jun 4, 2026

WDEE.L (Invesco S&P World Energy Targeted & Screened UCITS ETF Acc) and WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) are both Energy Equities funds - WDEE.L tracks the S&P World Energy Targeted & Screened Index while WENS.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, WDEE.L returned 19.17%/yr vs 17.15%/yr for WENS.L. Their correlation of 0.92 suggests significant overlap in exposure. WDEE.L charges 0.18%/yr vs 0.25%/yr for WENS.L.

Performance

WDEE.L vs. WENS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L) and iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WDEE.L is traded in USD, while WENS.L is traded in GBP. To make them comparable, the WENS.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with WDEE.L having a 30.95% return and WENS.L slightly higher at 31.64%.

WDEE.L

• 1D: 2.00%
• 1M: -1.12%
• YTD: 30.95%
• 6M: 29.56%
• 1Y: 39.49%
• 3Y*: 19.17%
• 5Y*: —
• 10Y*: —

WENS.L

• 1D: 1.76%
• 1M: -0.08%
• YTD: 31.64%
• 6M: 27.89%
• 1Y: 41.42%
• 3Y*: 17.15%
• 5Y*: —
• 10Y*: —

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

WDEE.L vs. WENS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WDEE.L Invesco S&P World Energy Targeted & Screened UCITS ETF Acc	30.95%	9.01%	4.02%	7.64%
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist)	31.64%	11.03%	0.39%	1.47%

Correlation

The correlation between WDEE.L and WENS.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023	0.92

The correlation between WDEE.L and WENS.L has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

WDEE.L vs. WENS.L — Risk / Return Rank

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

WDEE.L

WDEE.L Risk / Return Rank: 66
WDEE.L Sharpe Ratio Rank: 65
WDEE.L Sortino Ratio Rank: 60
WDEE.L Omega Ratio Rank: 60
WDEE.L Calmar Ratio Rank: 80
WDEE.L Martin Ratio Rank: 67

WENS.L

WENS.L Risk / Return Rank: 55
WENS.L Sharpe Ratio Rank: 58
WENS.L Sortino Ratio Rank: 50
WENS.L Omega Ratio Rank: 57
WENS.L Calmar Ratio Rank: 58
WENS.L Martin Ratio Rank: 54

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.

WDEE.L vs. WENS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L) and iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.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.

	WDEE.L	WENS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.00	+0.12
Sortino ratio: Return per unit of downside risk	2.77	2.55	+0.22
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio: Return relative to maximum drawdown	4.08	3.29	+0.79
Martin ratio: Return relative to average drawdown	12.12	11.20	+0.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WDEE.L vs. WENS.L - Sharpe Ratio Comparison

The current WDEE.L Sharpe Ratio is 2.12, which is comparable to the WENS.L Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of WDEE.L and WENS.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

	WDEE.L	WENS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	2.00	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.70	+0.15

Drawdowns

WDEE.L vs. WENS.L - Drawdown Comparison

The maximum WDEE.L drawdown since its inception was -18.54%, smaller than the maximum WENS.L drawdown of -20.04%. Use the drawdown chart below to compare losses from any high point for WDEE.L and WENS.L.

Drawdown Indicators

	WDEE.L	WENS.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.54%	-20.04%	+1.50%
Max Drawdown (1Y) Largest decline over 1 year	-9.64%	-12.53%	+2.89%
Max Drawdown (3Y) Largest decline over 3 years	-18.54%	-20.04%	+1.50%
Current Drawdown Current decline from peak	-3.06%	-5.55%	+2.49%
Average Drawdown Average peak-to-trough decline	-3.85%	-5.43%	+1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	3.69%	-0.44%

Volatility

WDEE.L vs. WENS.L - Volatility Comparison

The current volatility for Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L) is 6.80%, while iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) has a volatility of 7.60%. This indicates that WDEE.L experiences smaller price fluctuations and is considered to be less risky than WENS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDEE.L	WENS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.80%	7.60%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	15.28%	17.82%	-2.54%
Volatility (1Y) Calculated over the trailing 1-year period	18.61%	20.66%	-2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.11%	22.39%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.11%	22.39%	-3.28%

WDEE.L vs. WENS.L - Expense Ratio Comparison

WDEE.L has a 0.18% expense ratio, which is lower than WENS.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

WDEE.L vs. WENS.L - Dividend Comparison

Neither WDEE.L nor WENS.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
WDEE.L Invesco S&P World Energy Targeted & Screened UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist)	0.00%	0.00%	1.75%	3.61%	1.77%

Frequently Asked Questions

Can I hold both WDEE.L and WENS.L in my portfolio?

WDEE.L and WENS.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WDEE.L or WENS.L?

On fees, WDEE.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, WDEE.L or WENS.L?

WDEE.L is cheaper with a 0.18% expense ratio, compared with 0.25% for WENS.L.

What is the main difference between WDEE.L and WENS.L?

WDEE.L tracks S&P World Energy Targeted & Screened Index, while WENS.L tracks MSCI World/Energy NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.18% for WDEE.L and 0.25% for WENS.L.