WNRG.L vs. LGGL.L
WNRG.L (State Street SPDR MSCI World Energy UCITS ETF USD (Acc)) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds - WNRG.L tracks the MSCI World Energy 35/20 Capped Index while LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, WNRG.L returned 20.55%/yr vs 11.57%/yr for LGGL.L. At a 0.45 correlation, their price movements are largely independent. WNRG.L charges 0.30%/yr vs 0.10%/yr for LGGL.L.
Performance
WNRG.L vs. LGGL.L - Performance Comparison
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Returns By Period
In the year-to-date period, WNRG.L achieves a 27.75% return, which is significantly higher than LGGL.L's 9.10% 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%
LGGL.L
- 1D
- -1.06%
- 1M
- -0.66%
- 6M
- 7.46%
- YTD
- 9.10%
- 1Y
- 20.45%
- 3Y*
- 18.55%
- 5Y*
- 11.57%
- 10Y*
- —
WNRG.L vs. LGGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -14.13% |
LGGL.L L&G Global Equity UCITS ETF | 9.10% | 21.18% | 19.20% | 25.02% | -18.03% | 21.94% | 16.35% | 26.98% | -7.73% |
Correlation
The correlation between WNRG.L and LGGL.L is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.45 |
The correlation between WNRG.L and LGGL.L shifts across timeframes, from -0.12 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WNRG.L vs. LGGL.L — Risk / Return Rank
WNRG.L
LGGL.L
WNRG.L vs. LGGL.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 L&G Global Equity UCITS ETF (LGGL.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 | LGGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.42 | -0.09 |
| Martin ratioReturn relative to average drawdown | 6.70 | 9.97 | -3.27 |
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Drawdowns
WNRG.L vs. LGGL.L - Drawdown Comparison
The maximum WNRG.L drawdown since its inception was -68.72%, which is greater than LGGL.L's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for WNRG.L and LGGL.L.
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Drawdown Indicators
| WNRG.L | LGGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.72% | -33.89% | -34.83% |
Max Drawdown (1Y)Largest decline over 1 year | -15.98% | -8.42% | -7.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -17.79% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -25.76% | -0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -63.92% | — | — |
Current DrawdownCurrent decline from peak | -8.18% | -1.17% | -7.01% |
Average DrawdownAverage peak-to-trough decline | -17.54% | -4.91% | -12.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.57% | 2.05% | +3.52% |
Volatility
WNRG.L vs. LGGL.L - Volatility Comparison
State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) has a higher volatility of 5.93% compared to L&G Global Equity UCITS ETF (LGGL.L) at 3.00%. This indicates that WNRG.L's price experiences larger fluctuations and is considered to be riskier than LGGL.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.L | LGGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 3.00% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 17.83% | 9.89% | +7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 12.31% | +8.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 15.65% | +8.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.35% | 17.10% | +16.25% |
WNRG.L vs. LGGL.L - Expense Ratio Comparison
WNRG.L has a 0.30% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.
Dividends
WNRG.L vs. LGGL.L - Dividend Comparison
Neither WNRG.L nor LGGL.L has paid dividends to shareholders.
Frequently Asked Questions
WNRG.L and LGGL.L have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGGL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.30% for WNRG.L.
WNRG.L tracks MSCI World Energy 35/20 Capped Index, while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. They also come from different issuers: State Street and L&G. Their fees differ too: 0.30% for WNRG.L and 0.10% for LGGL.L.
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