WNRG.L vs. IWVL.L
WNRG.L (State Street SPDR MSCI World Energy UCITS ETF USD (Acc)) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both Global Equities funds - WNRG.L tracks the MSCI World Energy 35/20 Capped Index while IWVL.L tracks the MSCI World Enhanced Value Index. Both are passively managed. Over the past 10 years, WNRG.L returned 8.80%/yr vs 12.31%/yr for IWVL.L. A 0.57 correlation means they provide meaningful diversification when combined. WNRG.L charges 0.30%/yr vs 0.25%/yr for IWVL.L.
Performance
WNRG.L vs. IWVL.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with WNRG.L having a 27.75% return and IWVL.L slightly lower at 27.44%. Over the past 10 years, WNRG.L has underperformed IWVL.L with an annualized return of 8.80%, while IWVL.L has yielded a comparatively higher 12.31% annualized return.
WNRG.L
- 1D
- 0.93%
- 1M
- 4.49%
- 6M
- 21.77%
- YTD
- 27.75%
- 1Y
- 37.39%
- 3Y*
- 16.24%
- 5Y*
- 20.55%
- 10Y*
- 8.80%
IWVL.L
- 1D
- -0.51%
- 1M
- -5.00%
- 6M
- 23.16%
- YTD
- 27.44%
- 1Y
- 54.19%
- 3Y*
- 25.54%
- 5Y*
- 16.15%
- 10Y*
- 12.31%
WNRG.L vs. IWVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WNRG.L State Street SPDR MSCI World Energy UCITS ETF USD (Acc) | 27.75% | 14.83% | 2.07% | 3.52% | 46.61% | 38.74% | -30.35% | 9.89% | -14.99% | 4.80% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 27.44% | 40.42% | 5.13% | 19.53% | -9.79% | 20.11% | -3.67% | 18.13% | -14.03% | 22.60% |
Correlation
The correlation between WNRG.L and IWVL.L is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.57 |
The correlation between WNRG.L and IWVL.L shifts across timeframes, from -0.01 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WNRG.L vs. IWVL.L — Risk / Return Rank
WNRG.L
IWVL.L
WNRG.L vs. IWVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.
| WNRG.L | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.56 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 6.17 | -3.84 |
| Martin ratioReturn relative to average drawdown | 6.70 | 20.77 | -14.07 |
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Drawdowns
WNRG.L vs. IWVL.L - Drawdown Comparison
The maximum WNRG.L drawdown since its inception was -68.72%, which is greater than IWVL.L's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for WNRG.L and IWVL.L.
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Drawdown Indicators
| WNRG.L | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.72% | -39.30% | -29.42% |
Max Drawdown (1Y)Largest decline over 1 year | -15.98% | -8.74% | -7.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -14.46% | -4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -26.55% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -63.92% | -39.30% | -24.62% |
Current DrawdownCurrent decline from peak | -8.18% | -5.96% | -2.22% |
Average DrawdownAverage peak-to-trough decline | -17.54% | -7.44% | -10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.57% | 2.60% | +2.97% |
Volatility
WNRG.L vs. IWVL.L - Volatility Comparison
State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) have volatilities of 5.93% and 6.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WNRG.L | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 6.01% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 17.83% | 14.90% | +2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 17.03% | +3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 16.28% | +8.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.35% | 16.90% | +16.45% |
WNRG.L vs. IWVL.L - Expense Ratio Comparison
WNRG.L has a 0.30% expense ratio, which is higher than IWVL.L's 0.25% expense ratio.
Dividends
WNRG.L vs. IWVL.L - Dividend Comparison
Neither WNRG.L nor IWVL.L has paid dividends to shareholders.
Frequently Asked Questions
WNRG.L and IWVL.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.30% for WNRG.L.
WNRG.L tracks MSCI World Energy 35/20 Capped Index, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for WNRG.L and 0.25% for IWVL.L.
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