WENS.L vs. SXLE.L

Last updated Jun 5, 2026

WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) and SXLE.L (State Street SPDR S&P U.S. Energy Select Sector UCITS ETF) are both Energy Equities funds - WENS.L tracks the MSCI World/Energy NR USD while SXLE.L tracks the S&P Energy Select Sector Daily Capped 35/20 Index. Both are passively managed. Over the past 3 years, WENS.L returned 13.87%/yr vs 14.31%/yr for SXLE.L. Their correlation of 0.94 suggests significant overlap in exposure. WENS.L charges 0.25%/yr vs 0.15%/yr for SXLE.L.

Performance

WENS.L vs. SXLE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) and State Street SPDR S&P U.S. Energy Select Sector UCITS ETF (SXLE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WENS.L is traded in GBP, while SXLE.L is traded in USD. To make them comparable, the SXLE.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 31.38% return and SXLE.L slightly lower at 31.04%.

WENS.L

• 1D: -0.43%
• 1M: -0.63%
• YTD: 31.38%
• 6M: 26.68%
• 1Y: 44.00%
• 3Y*: 13.87%
• 5Y*: —
• 10Y*: —

SXLE.L

• 1D: -0.28%
• 1M: -0.10%
• YTD: 31.04%
• 6M: 28.53%
• 1Y: 47.78%
• 3Y*: 14.31%
• 5Y*: 21.51%
• 10Y*: 10.40%

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

WENS.L vs. SXLE.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%
SXLE.L State Street SPDR S&P U.S. Energy Select Sector UCITS ETF	31.04%	1.92%	5.56%	-4.41%	22.77%

Correlation

The correlation between WENS.L and SXLE.L is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022	0.94

The correlation between WENS.L and SXLE.L has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

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

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

WENS.L

WENS.L Risk / Return Rank: 59
WENS.L Sharpe Ratio Rank: 63
WENS.L Sortino Ratio Rank: 53
WENS.L Omega Ratio Rank: 62
WENS.L Calmar Ratio Rank: 61
WENS.L Martin Ratio Rank: 56

SXLE.L

SXLE.L Risk / Return Rank: 60
SXLE.L Sharpe Ratio Rank: 64
SXLE.L Sortino Ratio Rank: 56
SXLE.L Omega Ratio Rank: 58
SXLE.L Calmar Ratio Rank: 65
SXLE.L Martin Ratio Rank: 57

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.

WENS.L vs. SXLE.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 State Street SPDR S&P U.S. Energy Select Sector UCITS ETF (SXLE.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	SXLE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.06	0.00
Sortino ratio: Return per unit of downside risk	2.54	2.54	0.00
Omega ratio: Gain probability vs. loss probability	1.37	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	2.99	2.86	+0.14
Martin ratio: Return relative to average drawdown	9.66	8.85	+0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current WENS.L Sharpe Ratio is 2.06, which is comparable to the SXLE.L Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of WENS.L and SXLE.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

	WENS.L	SXLE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.06	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.40	+0.19

Drawdowns

WENS.L vs. SXLE.L - Drawdown Comparison

The maximum WENS.L drawdown since its inception was -22.49%, smaller than the maximum SXLE.L drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for WENS.L and SXLE.L.

Drawdown Indicators

	WENS.L	SXLE.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.49%	-62.09%	+39.60%
Max Drawdown (1Y) Largest decline over 1 year	-14.63%	-16.65%	+2.02%
Max Drawdown (3Y) Largest decline over 3 years	-22.49%	-23.84%	+1.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.09%	—
Current Drawdown Current decline from peak	-7.62%	-9.06%	+1.44%
Average Drawdown Average peak-to-trough decline	-9.15%	-15.52%	+6.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.54%	5.38%	-0.84%

Volatility

WENS.L vs. SXLE.L - Volatility Comparison

The current volatility for iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) is 7.96%, while State Street SPDR S&P U.S. Energy Select Sector UCITS ETF (SXLE.L) has a volatility of 8.66%. This indicates that WENS.L experiences smaller price fluctuations and is considered to be less risky than SXLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WENS.L	SXLE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.96%	8.66%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	18.19%	19.47%	-1.28%
Volatility (1Y) Calculated over the trailing 1-year period	21.33%	23.18%	-1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.49%	26.52%	-5.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.49%	28.35%	-6.86%

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

WENS.L has a 0.25% expense ratio, which is higher than SXLE.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. SXLE.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022
SXLE.L State Street SPDR S&P U.S. 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

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

WENS.L and SXLE.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, SXLE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WENS.L or SXLE.L?

SXLE.L is cheaper with a 0.15% expense ratio, compared with 0.25% for WENS.L.

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

WENS.L tracks MSCI World/Energy NR USD, while SXLE.L tracks S&P Energy Select Sector Daily Capped 35/20 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for WENS.L and 0.15% for SXLE.L.