WENS.L vs. IEEM.L
WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) and IEEM.L (iShares MSCI EM UCITS ETF (Dist)) are both exchange-traded funds - WENS.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while IEEM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 3 years, WENS.L returned 13.78%/yr vs 21.88%/yr for IEEM.L. At a 0.17 correlation, their price movements are largely independent. WENS.L charges 0.25%/yr vs 0.18%/yr for IEEM.L.
Performance
WENS.L vs. IEEM.L - Performance Comparison
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Different Trading Currencies
WENS.L is traded in GBP, while IEEM.L is traded in GBp. To make them comparable, the IEEM.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, WENS.L achieves a 21.59% return, which is significantly lower than IEEM.L's 26.68% return.
WENS.L
- 1D
- 0.00%
- 1M
- -7.14%
- YTD
- 21.59%
- 6M
- 23.29%
- 1Y
- 34.31%
- 3Y*
- 13.78%
- 5Y*
- —
- 10Y*
- —
IEEM.L
- 1D
- 0.44%
- 1M
- 2.28%
- YTD
- 26.68%
- 6M
- 28.23%
- 1Y
- 49.41%
- 3Y*
- 21.88%
- 5Y*
- 8.38%
- 10Y*
- 10.57%
WENS.L vs. IEEM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 21.59% | 6.73% | 3.85% | -2.00% | 17.73% |
IEEM.L iShares MSCI EM UCITS ETF (Dist) | 26.68% | 25.76% | 9.15% | 3.25% | -3.03% |
Correlation
The correlation between WENS.L and IEEM.L is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.17 |
The correlation between WENS.L and IEEM.L shifts across timeframes, from -0.15 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WENS.L vs. IEEM.L — Risk / Return Rank
WENS.L
IEEM.L
WENS.L vs. IEEM.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 iShares MSCI EM UCITS ETF (Dist) (IEEM.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 | IEEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.50 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 4.39 | -2.07 |
| Martin ratioReturn relative to average drawdown | 6.60 | 14.84 | -8.24 |
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Drawdowns
WENS.L vs. IEEM.L - Drawdown Comparison
The maximum WENS.L drawdown since its inception was -21.15%, smaller than the maximum IEEM.L drawdown of -53.80%. Use the drawdown chart below to compare losses from any high point for WENS.L and IEEM.L.
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Drawdown Indicators
| WENS.L | IEEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.15% | -53.80% | +32.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.89% | -11.21% | -3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -15.56% | -5.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.50% | — |
Current DrawdownCurrent decline from peak | -14.51% | -4.26% | -10.25% |
Average DrawdownAverage peak-to-trough decline | -8.47% | -11.40% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 3.32% | +1.89% |
Volatility
WENS.L vs. IEEM.L - Volatility Comparison
The current volatility for iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) is 7.20%, while iShares MSCI EM UCITS ETF (Dist) (IEEM.L) has a volatility of 8.75%. This indicates that WENS.L experiences smaller price fluctuations and is considered to be less risky than IEEM.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 | IEEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 8.75% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 18.98% | 16.42% | +2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.58% | 18.50% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.55% | 16.68% | +4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.55% | 18.23% | +3.32% |
WENS.L vs. IEEM.L - Expense Ratio Comparison
WENS.L has a 0.25% expense ratio, which is higher than IEEM.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. IEEM.L - Dividend Comparison
WENS.L's dividend yield for the trailing twelve months is around 2.83%, more than IEEM.L's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEEM.L iShares MSCI EM UCITS ETF (Dist) | 1.48% | 1.84% | 2.22% | 2.32% | 2.84% | 2.00% | 1.54% | 1.84% | 1.91% | 1.42% | 1.56% | 2.20% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 2.83% | 3.25% | 3.52% | 3.61% | 1.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WENS.L and IEEM.L have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEEM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEEM.L is cheaper with a 0.18% expense ratio, compared with 0.25% for WENS.L.
WENS.L is categorized as Energy Equities, while IEEM.L is Emerging Markets Equities. WENS.L tracks MSCI World/Energy NR USD, while IEEM.L tracks MSCI EM NR USD. Their fees differ too: 0.25% for WENS.L and 0.18% for IEEM.L.
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