WENS.L vs. ENGY.L
WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) and ENGY.L (SPDR® MSCI Europe Energy UCITS ETF) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from iShares and State Street respectively. Both are passively managed. Over the past 3 years, WENS.L returned 15.31%/yr vs 15.88%/yr for ENGY.L. Their correlation of 0.83 suggests significant overlap in exposure. WENS.L charges 0.25%/yr vs 0.18%/yr for ENGY.L.
Performance
WENS.L vs. ENGY.L - Performance Comparison
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Different Trading Currencies
WENS.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
The year-to-date returns for both stocks are quite close, with WENS.L having a 27.03% return and ENGY.L slightly lower at 26.40%.
WENS.L
- 1D
- 0.00%
- 1M
- 2.21%
- 6M
- 20.22%
- YTD
- 27.03%
- 1Y
- 34.47%
- 3Y*
- 15.31%
- 5Y*
- —
- 10Y*
- —
ENGY.L
- 1D
- -0.89%
- 1M
- 0.19%
- 6M
- 23.38%
- YTD
- 26.40%
- 1Y
- 37.62%
- 3Y*
- 15.88%
- 5Y*
- 20.07%
- 10Y*
- 9.89%
WENS.L vs. ENGY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 27.03% | 6.73% | 3.85% | -2.00% | 17.73% |
ENGY.L SPDR® MSCI Europe Energy UCITS ETF | 26.40% | 20.09% | -9.05% | 5.80% | 14.63% |
Correlation
The correlation between WENS.L and ENGY.L is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.83 |
The correlation between WENS.L and ENGY.L has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
WENS.L vs. ENGY.L — Risk / Return Rank
WENS.L
ENGY.L
WENS.L vs. ENGY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.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.
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.
| WENS.L | ENGY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.93 | +0.18 |
| Martin ratioReturn relative to average drawdown | 5.61 | 5.98 | -0.37 |
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Drawdowns
WENS.L vs. ENGY.L - Drawdown Comparison
The maximum WENS.L drawdown since its inception was -21.15%, smaller than the maximum ENGY.L drawdown of -56.13%. Use the drawdown chart below to compare losses from any high point for WENS.L and ENGY.L.
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Drawdown Indicators
| WENS.L | ENGY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.15% | -56.13% | +34.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.34% | -19.35% | +3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -26.58% | +5.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.13% | — |
Current DrawdownCurrent decline from peak | -10.68% | -12.32% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -8.54% | -12.24% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 6.27% | -0.11% |
Volatility
WENS.L vs. ENGY.L - Volatility Comparison
The current volatility for iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) is 6.27%, while SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) has a volatility of 7.35%. This indicates that WENS.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.
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Volatility by Period
| WENS.L | ENGY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 7.35% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 19.34% | 20.13% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.96% | 23.15% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.56% | 23.60% | -2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 25.69% | -4.13% |
WENS.L vs. ENGY.L - Expense Ratio Comparison
WENS.L has a 0.25% 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
WENS.L vs. ENGY.L - Dividend Comparison
WENS.L's dividend yield for the trailing twelve months is around 2.71%, while ENGY.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ENGY.L SPDR® MSCI Europe Energy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 2.71% | 3.25% | 3.52% | 3.61% | 1.77% |
Frequently Asked Questions
WENS.L and ENGY.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ENGY.L is cheaper with a 0.18% expense ratio, compared with 0.25% for WENS.L.
Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for WENS.L and 0.18% for ENGY.L.
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