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WNRG.L vs. JGEP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WNRG.L vs. JGEP.L

Last updated Jul 26, 2026
Documentation

WNRG.L (State Street SPDR MSCI World Energy UCITS ETF USD (Acc)) and JGEP.L (JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc)) are both Global Equities funds. WNRG.L is passively managed, while JGEP.L is actively managed. Over the past 3 years, WNRG.L returned 16.62%/yr vs 19.36%/yr for JGEP.L. Their 0.31 correlation means their historical movements had little consistent relationship. WNRG.L charges 0.30%/yr vs 0.25%/yr for JGEP.L.

Performance

WNRG.L vs. JGEP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) and JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc) (JGEP.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

WNRG.L is traded in USD, while JGEP.L is traded in GBp. To make them comparable, the JGEP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, WNRG.L achieves a 33.08% return, which is significantly higher than JGEP.L's 8.52% return.

WNRG.L

1D
-0.73%
1M
12.04%
6M
23.49%
YTD
33.08%
1Y
41.93%
3Y*
16.62%
5Y*
22.07%
10Y*
9.57%
ALL TIME*
7.16%

JGEP.L

1D
1.06%
1M
2.46%
6M
6.03%
YTD
8.52%
1Y
18.16%
3Y*
19.36%
5Y*
—
10Y*
—
ALL TIME*
11.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

JGEP.L

JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc)
$421.17K$1.04M$974.23K

WNRG.L

State Street SPDR MSCI World Energy UCITS ETF USD (Acc)
$818.45K$970.99K$1.09M

WNRG.L vs. JGEP.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
WNRG.L
State Street SPDR MSCI World Energy UCITS ETF USD (Acc)		33.08%14.83%2.07%3.52%46.61%-2.89%
JGEP.L
JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc)		8.52%26.53%18.95%31.32%-26.14%4.28%

Correlation

The correlation between WNRG.L and JGEP.L is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

-0.08

Correlation (3Y)
Balances recent behavior with more history.

0.17

Correlation (All Time)
Calculated using the full available price history since Dec 8, 2021

0.31

The correlation between WNRG.L and JGEP.L shifts across timeframes, from -0.08 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

WNRG.L vs. JGEP.L - Sectors Allocation Comparison

Sectors
WNRG.L
JGEP.L

Energy

99.9%
3.8%

Communication Services

0.1%
9.0%

Basic Materials

-

3.1%

Consumer Cyclical

-

9.8%

Consumer Defensive

-

4.2%

Financial Services

-

14.9%

Healthcare

-

8.6%

Industrials

-

10.9%

Real Estate

-

1.6%

Technology

-

31.6%

Utilities

-

2.6%

Energy

WNRG.L
99.9%
JGEP.L
3.8%

Communication Services

WNRG.L
0.1%
JGEP.L
9.0%

Basic Materials

WNRG.L

-

JGEP.L
3.1%

Consumer Cyclical

WNRG.L

-

JGEP.L
9.8%

Consumer Defensive

WNRG.L

-

JGEP.L
4.2%

Financial Services

WNRG.L

-

JGEP.L
14.9%

Healthcare

WNRG.L

-

JGEP.L
8.6%

Industrials

WNRG.L

-

JGEP.L
10.9%

Real Estate

WNRG.L

-

JGEP.L
1.6%

Technology

WNRG.L

-

JGEP.L
31.6%

Utilities

WNRG.L

-

JGEP.L
2.6%

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State Street SPDR MSCI World Energy UCITS ETF USD (Acc)

JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc)

Often compared with WNRG.L:
WNRG.L vs. HKOD.LWNRG.L vs. FSWD.LWNRG.L vs. DH2O.LWNRG.L vs. HDGB.LWNRG.L vs. G500.LWNRG.L vs. SPXS.LWNRG.L vs. LGUS.L
Often compared with JGEP.L:
JGEP.L vs. VRPS.LJGEP.L vs. HDGB.LJGEP.L vs. MINT.LJGEP.L vs. USVL.LJGEP.L vs. JEGP.LJGEP.L vs. IDIN.LJGEP.L vs. INFR.L

Return for Risk

WNRG.L vs. JGEP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WNRG.L
WNRG.L Risk / Return Rank: 7575
Overall Rank
WNRG.L Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
WNRG.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
WNRG.L Omega Ratio Rank: 8080
Omega Ratio Rank
WNRG.L Calmar Ratio Rank: 7272
Calmar Ratio Rank
WNRG.L Martin Ratio Rank: 6161
Martin Ratio Rank
JGEP.L
JGEP.L Risk / Return Rank: 7373
Overall Rank
JGEP.L Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
JGEP.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
JGEP.L Omega Ratio Rank: 7272
Omega Ratio Rank
JGEP.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
JGEP.L Martin Ratio Rank: 7979
Martin Ratio Rank
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.

WNRG.L vs. JGEP.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 JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc) (JGEP.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.LJGEP.LDifference
Sharpe ratioReturn per unit of total volatility
1.99
1.19

+0.80

Sortino ratioReturn per unit of downside risk
2.51
1.83

+0.69

Omega ratioGain probability vs. loss probability

1.34

1.21

+0.13

Calmar ratioReturn relative to maximum drawdown

2.58

1.59

+0.98

Martin ratioReturn relative to average drawdown

7.33

6.23

+1.09

WNRG.L vs. JGEP.L - Sharpe Ratio Comparison

The current WNRG.L Sharpe Ratio is 1.99, which is higher than the JGEP.L Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of WNRG.L and JGEP.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.

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Drawdowns

WNRG.L vs. JGEP.L - Drawdown Comparison

The maximum WNRG.L drawdown since its inception was -68.72%, which is greater than JGEP.L's maximum drawdown of -37.78%. Use the drawdown chart below to compare losses from any high point for WNRG.L and JGEP.L.

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Drawdown Indicators

WNRG.LJGEP.LDifference

Max Drawdown

Largest peak-to-trough decline

-68.72%

-37.78%

-30.94%

Max Drawdown (1Y)

Largest decline over 1 year

-15.98%

-10.96%

-5.02%

Max Drawdown (3Y)

Largest decline over 3 years

-18.94%

-17.20%

-1.74%

Max Drawdown (5Y)

Largest decline over 5 years

-26.55%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-63.92%

—

—

Current Drawdown

Current decline from peak

-4.35%

-2.46%

-1.89%

Average Drawdown

Average peak-to-trough decline

-17.53%

-8.66%

-8.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.63%

2.79%

+2.84%

Volatility

WNRG.L vs. JGEP.L - Volatility Comparison

State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) has a higher volatility of 5.70% compared to JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc) (JGEP.L) at 3.91%. This indicates that WNRG.L's price experiences larger fluctuations and is considered to be riskier than JGEP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WNRG.LJGEP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.70%

3.91%

+1.79%

Volatility (6M)

Calculated over the trailing 6-month period

17.90%

11.61%

+6.29%

Volatility (1Y)

Calculated over the trailing 1-year period

20.72%

14.67%

+6.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.19%

20.12%

+4.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.36%

20.12%

+13.24%

WNRG.L vs. JGEP.L - Expense Ratio Comparison

WNRG.L has a 0.30% expense ratio, which is higher than JGEP.L's 0.25% expense ratio.

Dividends

WNRG.L vs. JGEP.L - Dividend Comparison

Neither WNRG.L nor JGEP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

WNRG.L and JGEP.L have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, JGEP.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

JGEP.L is cheaper with a 0.25% expense ratio, compared with 0.30% for WNRG.L.

They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.30% for WNRG.L and 0.25% for JGEP.L.

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