WNRG.L vs. SPXS.L
WNRG.L (State Street SPDR MSCI World Energy UCITS ETF) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - WNRG.L tracks the State Street SPDR MSCI World Energy UCITS ETF while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 10 years, WNRG.L returned 8.57%/yr vs -27.39%/yr for SPXS.L. At a 0.50 correlation, their price movements are largely independent. WNRG.L charges 0.30%/yr vs 0.05%/yr for SPXS.L.
Performance
WNRG.L vs. SPXS.L - Performance Comparison
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Returns By Period
In the year-to-date period, WNRG.L achieves a 25.26% return, which is significantly higher than SPXS.L's 10.20% return. Over the past 10 years, WNRG.L has outperformed SPXS.L with an annualized return of 8.57%, while SPXS.L has yielded a comparatively lower -27.39% annualized return.
WNRG.L
- 1D
- 0.34%
- 1M
- 1.22%
- 6M
- 19.05%
- YTD
- 25.26%
- 1Y
- 33.56%
- 3Y*
- 16.08%
- 5Y*
- 20.08%
- 10Y*
- 8.57%
SPXS.L
- 1D
- -0.12%
- 1M
- -0.05%
- 6M
- 9.96%
- YTD
- 10.20%
- 1Y
- -98.78%
- 3Y*
- -74.11%
- 5Y*
- -54.94%
- 10Y*
- -27.39%
WNRG.L vs. SPXS.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 | 25.26% | 14.83% | 2.07% | 3.52% | 46.61% | 38.74% | -30.35% | 9.89% | -14.99% | 4.80% |
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 17.89% | 30.86% | -5.19% | 21.62% |
Correlation
The correlation between WNRG.L and SPXS.L is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 20, 2010 | 0.50 |
The correlation between WNRG.L and SPXS.L shifts across timeframes, from -0.13 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WNRG.L vs. SPXS.L — Risk / Return Rank
WNRG.L
SPXS.L
WNRG.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI World Energy UCITS ETF (WNRG.L) and Invesco S&P 500 UCITS ETF (SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.52 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | -1.00 | +3.14 |
| Martin ratioReturn relative to average drawdown | 6.18 | -1.23 | +7.41 |
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Drawdowns
WNRG.L vs. SPXS.L - Drawdown Comparison
The maximum WNRG.L drawdown since its inception was -68.72%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for WNRG.L and SPXS.L.
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Drawdown Indicators
| WNRG.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.72% | -99.07% | +30.35% |
Max Drawdown (1Y)Largest decline over 1 year | -15.98% | -99.07% | +83.09% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -99.07% | +80.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -99.07% | +72.52% |
Max Drawdown (10Y)Largest decline over 10 years | -63.92% | -99.07% | +35.15% |
Current DrawdownCurrent decline from peak | -9.97% | -98.90% | +88.93% |
Average DrawdownAverage peak-to-trough decline | -17.54% | -7.67% | -9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 80.57% | -75.02% |
Volatility
WNRG.L vs. SPXS.L - Volatility Comparison
State Street SPDR MSCI World Energy UCITS ETF (WNRG.L) has a higher volatility of 6.79% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.73%. This indicates that WNRG.L's price experiences larger fluctuations and is considered to be riskier than SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 2.73% | +4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 17.77% | 9.24% | +8.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.58% | 99.43% | -78.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 47.13% | -22.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.35% | 35.27% | -1.92% |
WNRG.L vs. SPXS.L - Expense Ratio Comparison
WNRG.L has a 0.30% expense ratio, which is higher than SPXS.L's 0.05% expense ratio.
Dividends
WNRG.L vs. SPXS.L - Dividend Comparison
Neither WNRG.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
WNRG.L and SPXS.L have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.30% for WNRG.L.
WNRG.L tracks State Street SPDR MSCI World Energy UCITS ETF, while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.30% for WNRG.L and 0.05% for SPXS.L.
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