WENS.L vs. LDEG.L
WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) and LDEG.L (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both exchange-traded funds - WENS.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while LDEG.L is a Europe Equities fund tracking the MSCI Europe Ex UK NR EUR. Both are passively managed. Over the past 3 years, WENS.L returned 15.52%/yr vs 24.60%/yr for LDEG.L. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
WENS.L vs. LDEG.L - Performance Comparison
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Different Trading Currencies
WENS.L is traded in GBP, while LDEG.L is traded in GBp. To make them comparable, the LDEG.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 31.68% return, which is significantly higher than LDEG.L's 12.38% return.
WENS.L
- 1D
- 0.00%
- 1M
- 2.79%
- YTD
- 31.68%
- 6M
- 31.58%
- 1Y
- 43.09%
- 3Y*
- 15.52%
- 5Y*
- —
- 10Y*
- —
LDEG.L
- 1D
- 1.47%
- 1M
- 2.68%
- YTD
- 12.38%
- 6M
- 14.78%
- 1Y
- 31.37%
- 3Y*
- 24.60%
- 5Y*
- 16.40%
- 10Y*
- —
WENS.L vs. LDEG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 31.68% | 6.73% | 3.85% | -2.00% | 17.73% |
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 12.38% | 44.91% | 8.81% | 14.31% | 9.65% |
Correlation
The correlation between WENS.L and LDEG.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.24 |
The correlation between WENS.L and LDEG.L shifts across timeframes, from -0.07 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WENS.L vs. LDEG.L — Risk / Return Rank
WENS.L
LDEG.L
WENS.L vs. LDEG.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 L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.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 | LDEG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.48 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 3.89 | -0.93 |
| Martin ratioReturn relative to average drawdown | 9.41 | 14.14 | -4.73 |
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Drawdowns
WENS.L vs. LDEG.L - Drawdown Comparison
The maximum WENS.L drawdown since its inception was -21.15%, roughly equal to the maximum LDEG.L drawdown of -21.96%. Use the drawdown chart below to compare losses from any high point for WENS.L and LDEG.L.
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Drawdown Indicators
| WENS.L | LDEG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.15% | -21.96% | +0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -8.04% | -6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -12.05% | -9.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.39% | — |
Current DrawdownCurrent decline from peak | -7.41% | 0.00% | -7.41% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -5.39% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 2.21% | +2.38% |
Volatility
WENS.L vs. LDEG.L - Volatility Comparison
iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) has a higher volatility of 6.58% compared to L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) at 3.50%. This indicates that WENS.L's price experiences larger fluctuations and is considered to be riskier than LDEG.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 | LDEG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 3.50% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 18.29% | 9.36% | +8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.38% | 11.73% | +9.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.46% | 14.21% | +7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.46% | 15.22% | +6.24% |
WENS.L vs. LDEG.L - Expense Ratio Comparison
Both WENS.L and LDEG.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
WENS.L vs. LDEG.L - Dividend Comparison
WENS.L's dividend yield for the trailing twelve months is around 1.28%, less than LDEG.L's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 3.56% | 3.42% | 4.20% | 4.10% | 3.69% | 3.06% |
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist) | 1.28% | 3.25% | 3.52% | 3.61% | 1.77% | 0.00% |
Frequently Asked Questions
WENS.L and LDEG.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WENS.L and LDEG.L have the same expense ratio: 0.25% per year.
WENS.L is categorized as Energy Equities, while LDEG.L is Europe Equities. WENS.L tracks MSCI World/Energy NR USD, while LDEG.L tracks MSCI Europe Ex UK NR EUR. They also come from different issuers: iShares and Legal & General.
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