WENS.L vs. GXLE.L
WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) and GXLE.L (SPDR S&P US Energy Select Sector 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 13.87%/yr vs 14.18%/yr for GXLE.L. With a 0.96 correlation, they move nearly in lockstep. WENS.L charges 0.25%/yr vs 0.15%/yr for GXLE.L.
Performance
WENS.L vs. GXLE.L - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with WENS.L having a 31.38% return and GXLE.L slightly lower at 30.65%.
WENS.L
- 1D
- -0.43%
- 1M
- -0.63%
- YTD
- 31.38%
- 6M
- 26.68%
- 1Y
- 44.00%
- 3Y*
- 13.87%
- 5Y*
- —
- 10Y*
- —
GXLE.L
- 1D
- -0.48%
- 1M
- -0.13%
- YTD
- 30.65%
- 6M
- 28.41%
- 1Y
- 47.66%
- 3Y*
- 14.18%
- 5Y*
- —
- 10Y*
- —
WENS.L vs. GXLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 31.38% | 3.24% | 2.09% | -2.00% | 17.73% |
GXLE.L SPDR S&P US Energy Select Sector UCITS ETF | 30.65% | 2.22% | 5.51% | -5.03% | 23.14% |
Correlation
The correlation between WENS.L and GXLE.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.96 |
The correlation between WENS.L and GXLE.L has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WENS.L vs. GXLE.L — Risk / Return Rank
WENS.L
GXLE.L
WENS.L vs. GXLE.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 S&P US Energy Select Sector UCITS ETF (GXLE.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.
| WENS.L | GXLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 2.85 | +0.14 |
| Martin ratioReturn relative to average drawdown | 9.66 | 9.07 | +0.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WENS.L | GXLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 2.00 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.53 | +0.06 |
Drawdowns
WENS.L vs. GXLE.L - Drawdown Comparison
The maximum WENS.L drawdown since its inception was -22.49%, roughly equal to the maximum GXLE.L drawdown of -23.60%. Use the drawdown chart below to compare losses from any high point for WENS.L and GXLE.L.
Loading charts...
Drawdown Indicators
| WENS.L | GXLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.49% | -23.60% | +1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -16.63% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -22.49% | -23.60% | +1.11% |
Current DrawdownCurrent decline from peak | -7.62% | -8.95% | +1.33% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -10.77% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 5.24% | -0.70% |
Volatility
WENS.L vs. GXLE.L - Volatility Comparison
The current volatility for iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) is 7.96%, while SPDR S&P US Energy Select Sector UCITS ETF (GXLE.L) has a volatility of 9.27%. This indicates that WENS.L experiences smaller price fluctuations and is considered to be less risky than GXLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WENS.L | GXLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 9.27% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 18.19% | 20.29% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.33% | 23.82% | -2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 25.52% | -4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 25.52% | -4.03% |
WENS.L vs. GXLE.L - Expense Ratio Comparison
WENS.L has a 0.25% expense ratio, which is higher than GXLE.L's 0.15% 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. GXLE.L - Dividend Comparison
Neither WENS.L nor GXLE.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GXLE.L SPDR S&P US Energy Select Sector UCITS ETF | 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
With a correlation of 0.91, WENS.L and GXLE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, GXLE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXLE.L is cheaper with a 0.15% 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 0.15% for GXLE.L.
Find the right allocation for WENS.L and GXLE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer