WRDA.L vs. WNRG.L

Last updated Jul 16, 2026

WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) and WNRG.L (State Street SPDR MSCI World Energy UCITS ETF) are both Global Equities funds - WRDA.L tracks the MSCI World Index while WNRG.L tracks the State Street SPDR MSCI World Energy UCITS ETF. Both are passively managed. Over the past year, WRDA.L returned 22.06% vs 31.69% for WNRG.L. At a 0.19 correlation, their price movements are largely independent. WRDA.L charges 0.06%/yr vs 0.30%/yr for WNRG.L.

Performance

WRDA.L vs. WNRG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) and State Street SPDR MSCI World Energy UCITS ETF (WNRG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, WRDA.L achieves a 10.72% return, which is significantly lower than WNRG.L's 24.32% return.

WRDA.L

• 1D: 0.00%
• 1M: 0.47%
• 6M: 9.40%
• YTD: 10.72%
• 1Y: 22.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WNRG.L

• 1D: 0.00%
• 1M: -0.01%
• 6M: 17.92%
• YTD: 24.32%
• 1Y: 31.69%
• 3Y*: 14.63%
• 5Y*: 20.41%
• 10Y*: 8.31%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024
WRDA.L UBS Core MSCI World UCITS ETF USD Acc	10.72%	12.77%	20.02%
WNRG.L State Street SPDR MSCI World Energy UCITS ETF	24.32%	6.65%	3.94%

Correlation

The correlation between WRDA.L and WNRG.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 (All Time) Calculated using the full available price history since Feb 1, 2024	0.19

The correlation between WRDA.L and WNRG.L shifts across timeframes, from -0.13 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WRDA.L

WRDA.L Risk / Return Rank: 32
WRDA.L Sharpe Ratio Rank: 19
WRDA.L Sortino Ratio Rank: 24
WRDA.L Omega Ratio Rank: 80
WRDA.L Calmar Ratio Rank: 21
WRDA.L Martin Ratio Rank: 16

WNRG.L

WNRG.L Risk / Return Rank: 55
WNRG.L Sharpe Ratio Rank: 62
WNRG.L Sortino Ratio Rank: 55
WNRG.L Omega Ratio Rank: 58
WNRG.L Calmar Ratio Rank: 53
WNRG.L Martin Ratio Rank: 46

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.

WRDA.L vs. WNRG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) and State Street SPDR MSCI World Energy UCITS ETF (WNRG.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.

	WRDA.L	WNRG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.51	1.53	-1.02
Sortino ratio: Return per unit of downside risk	1.14	1.99	-0.85
Omega ratio: Gain probability vs. loss probability	1.37	1.28	+0.10
Calmar ratio: Return relative to maximum drawdown	0.81	1.98	-1.17
Martin ratio: Return relative to average drawdown	1.18	5.17	-4.00

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

The current WRDA.L Sharpe Ratio is 0.51, which is lower than the WNRG.L Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of WRDA.L and WNRG.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.

Drawdowns

WRDA.L vs. WNRG.L - Drawdown Comparison

The maximum WRDA.L drawdown since its inception was -27.39%, smaller than the maximum WNRG.L drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for WRDA.L and WNRG.L.

Drawdown Indicators

	WRDA.L	WNRG.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.39%	-59.34%	+31.95%
Max Drawdown (1Y) Largest decline over 1 year	-27.39%	-16.52%	-10.87%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.34%	—
Current Drawdown Current decline from peak	-15.98%	-12.57%	-3.41%
Average Drawdown Average peak-to-trough decline	-8.18%	-12.66%	+4.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.75%	6.33%	+12.42%

Volatility

WRDA.L vs. WNRG.L - Volatility Comparison

The current volatility for UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) is 2.72%, while State Street SPDR MSCI World Energy UCITS ETF (WNRG.L) has a volatility of 6.73%. This indicates that WRDA.L experiences smaller price fluctuations and is considered to be less risky than WNRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WRDA.L	WNRG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	6.73%	-4.01%
Volatility (6M) Calculated over the trailing 6-month period	7.90%	18.58%	-10.68%
Volatility (1Y) Calculated over the trailing 1-year period	43.22%	21.43%	+21.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.46%	23.88%	+5.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.46%	33.21%	-3.75%

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

WRDA.L has a 0.06% expense ratio, which is lower than WNRG.L's 0.30% expense ratio.

Dividends

WRDA.L vs. WNRG.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WRDA.L and WNRG.L in my portfolio?

WRDA.L and WNRG.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.

Which ETF is better, WRDA.L or WNRG.L?

On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WRDA.L or WNRG.L?

WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.30% for WNRG.L.

What is the main difference between WRDA.L and WNRG.L?

WRDA.L tracks MSCI World Index, while WNRG.L tracks State Street SPDR MSCI World Energy UCITS ETF. They also come from different issuers: UBS and State Street. Their fees differ too: 0.06% for WRDA.L and 0.30% for WNRG.L.