WNRG.L vs. WMVG.L
WNRG.L (State Street SPDR MSCI World Energy UCITS ETF USD (Acc)) and WMVG.L (iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)) are both Global Equities funds - WNRG.L tracks the MSCI World Energy 35/20 Capped Index while WMVG.L tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, WNRG.L returned 20.55%/yr vs 5.60%/yr for WMVG.L. At a 0.36 correlation, their price movements are largely independent. WNRG.L charges 0.30%/yr vs 0.35%/yr for WMVG.L.
Performance
WNRG.L vs. WMVG.L - Performance Comparison
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Different Trading Currencies
WNRG.L is traded in USD, while WMVG.L is traded in GBP. To make them comparable, the WMVG.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 27.75% return, which is significantly higher than WMVG.L's 3.85% 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%
WMVG.L
- 1D
- 0.52%
- 1M
- 3.71%
- 6M
- 4.33%
- YTD
- 3.85%
- 1Y
- 6.72%
- 3Y*
- 11.38%
- 5Y*
- 5.60%
- 10Y*
- —
WNRG.L vs. WMVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | -3.11% |
WMVG.L iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) | 3.85% | 17.30% | 12.56% | 13.02% | -18.11% | 15.90% | 1.73% | 11.44% |
Correlation
The correlation between WNRG.L and WMVG.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2019 | 0.36 |
Over the past year, the correlation between WNRG.L and WMVG.L has dropped to 0.13 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
WNRG.L vs. WMVG.L — Risk / Return Rank
WNRG.L
WMVG.L
WNRG.L vs. WMVG.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 Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.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 | WMVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.12 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 1.02 | +1.31 |
| Martin ratioReturn relative to average drawdown | 6.70 | 2.28 | +4.42 |
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Drawdowns
WNRG.L vs. WMVG.L - Drawdown Comparison
The maximum WNRG.L drawdown since its inception was -68.72%, which is greater than WMVG.L's maximum drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for WNRG.L and WMVG.L.
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Drawdown Indicators
| WNRG.L | WMVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.72% | -36.20% | -32.52% |
Max Drawdown (1Y)Largest decline over 1 year | -15.98% | -6.55% | -9.43% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -11.54% | -7.40% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -32.15% | +5.60% |
Max Drawdown (10Y)Largest decline over 10 years | -63.92% | — | — |
Current DrawdownCurrent decline from peak | -8.18% | -0.96% | -7.22% |
Average DrawdownAverage peak-to-trough decline | -17.54% | -7.02% | -10.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.57% | 2.94% | +2.63% |
Volatility
WNRG.L vs. WMVG.L - Volatility Comparison
State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) has a higher volatility of 5.93% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) at 1.82%. This indicates that WNRG.L's price experiences larger fluctuations and is considered to be riskier than WMVG.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 | WMVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 1.82% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 17.83% | 7.27% | +10.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.62% | 10.09% | +10.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 14.84% | +9.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.35% | 16.73% | +16.62% |
WNRG.L vs. WMVG.L - Expense Ratio Comparison
WNRG.L has a 0.30% expense ratio, which is lower than WMVG.L's 0.35% expense ratio.
Dividends
WNRG.L vs. WMVG.L - Dividend Comparison
Neither WNRG.L nor WMVG.L has paid dividends to shareholders.
Frequently Asked Questions
WNRG.L and WMVG.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, WNRG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WNRG.L is cheaper with a 0.30% expense ratio, compared with 0.35% for WMVG.L.
WNRG.L tracks MSCI World Energy 35/20 Capped Index, while WMVG.L tracks MSCI World Minimum Volatility. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for WNRG.L and 0.35% for WMVG.L.
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