WNRG.L vs. XDEV.L
WNRG.L (State Street SPDR MSCI World Energy UCITS ETF) and XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both Global Equities funds - WNRG.L tracks the State Street SPDR MSCI World Energy UCITS ETF while XDEV.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, WNRG.L returned 8.57%/yr vs 12.23%/yr for XDEV.L. A 0.54 correlation means they provide meaningful diversification when combined. WNRG.L charges 0.30%/yr vs 0.25%/yr for XDEV.L.
Performance
WNRG.L vs. XDEV.L - Performance Comparison
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Different Trading Currencies
WNRG.L is traded in USD, while XDEV.L is traded in GBp. To make them comparable, the XDEV.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 25.26% return, which is significantly lower than XDEV.L's 30.33% return. Over the past 10 years, WNRG.L has underperformed XDEV.L with an annualized return of 8.57%, while XDEV.L has yielded a comparatively higher 12.23% 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%
XDEV.L
- 1D
- -1.10%
- 1M
- -3.59%
- 6M
- 26.45%
- YTD
- 30.33%
- 1Y
- 57.83%
- 3Y*
- 26.88%
- 5Y*
- 16.75%
- 10Y*
- 12.23%
WNRG.L vs. XDEV.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% |
XDEV.L Xtrackers MSCI World Value Factor UCITS ETF 1C | 30.33% | 40.36% | 5.01% | 19.23% | -9.79% | 20.57% | -4.03% | 19.16% | -14.37% | 22.56% |
Correlation
The correlation between WNRG.L and XDEV.L is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014 | 0.54 |
Over the past year, the correlation between WNRG.L and XDEV.L has dropped to 0.02 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
WNRG.L vs. XDEV.L — Risk / Return Rank
WNRG.L
XDEV.L
WNRG.L vs. XDEV.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 Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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 | XDEV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.62 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 6.59 | -4.45 |
| Martin ratioReturn relative to average drawdown | 6.18 | 23.86 | -17.68 |
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Drawdowns
WNRG.L vs. XDEV.L - Drawdown Comparison
The maximum WNRG.L drawdown since its inception was -68.72%, which is greater than XDEV.L's maximum drawdown of -50.32%. Use the drawdown chart below to compare losses from any high point for WNRG.L and XDEV.L.
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Drawdown Indicators
| WNRG.L | XDEV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.72% | -50.32% | -18.40% |
Max Drawdown (1Y)Largest decline over 1 year | -15.98% | -8.73% | -7.25% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -18.80% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -26.72% | +0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -63.92% | -41.02% | -22.90% |
Current DrawdownCurrent decline from peak | -9.97% | -3.88% | -6.09% |
Average DrawdownAverage peak-to-trough decline | -17.54% | -21.78% | +4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 2.42% | +3.13% |
Volatility
WNRG.L vs. XDEV.L - Volatility Comparison
State Street SPDR MSCI World Energy UCITS ETF (WNRG.L) has a higher volatility of 6.79% compared to Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) at 5.95%. This indicates that WNRG.L's price experiences larger fluctuations and is considered to be riskier than XDEV.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 | XDEV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 5.95% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 17.77% | 13.95% | +3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.58% | 16.24% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.34% | 20.88% | +3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.35% | 22.09% | +11.26% |
WNRG.L vs. XDEV.L - Expense Ratio Comparison
WNRG.L has a 0.30% expense ratio, which is higher than XDEV.L's 0.25% expense ratio.
Dividends
WNRG.L vs. XDEV.L - Dividend Comparison
Neither WNRG.L nor XDEV.L has paid dividends to shareholders.
Frequently Asked Questions
WNRG.L and XDEV.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEV.L is cheaper with a 0.25% expense ratio, compared with 0.30% for WNRG.L.
WNRG.L tracks State Street SPDR MSCI World Energy UCITS ETF, while XDEV.L tracks MSCI ACWI Value NR USD. They also come from different issuers: State Street and DWS. Their fees differ too: 0.30% for WNRG.L and 0.25% for XDEV.L.
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