XMLC.DE vs. ENGW.L
XMLC.DE (L&G Clean Water UCITS ETF) and ENGW.L (SPDR MSCI World Energy UCITS ETF) are both exchange-traded funds - XMLC.DE is a Water Equities fund tracking the Solactive Clean Water, while ENGW.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, XMLC.DE returned 8.21%/yr vs 15.53%/yr for ENGW.L. At a 0.25 correlation, their price movements are largely independent. XMLC.DE charges 0.49%/yr vs 0.30%/yr for ENGW.L.
Performance
XMLC.DE vs. ENGW.L - Performance Comparison
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Different Trading Currencies
XMLC.DE is traded in EUR, while ENGW.L is traded in GBP. To make them comparable, the ENGW.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMLC.DE achieves a 2.11% return, which is significantly lower than ENGW.L's 31.96% return.
XMLC.DE
- 1D
- 0.01%
- 1M
- -1.48%
- YTD
- 2.11%
- 6M
- 1.67%
- 1Y
- 6.86%
- 3Y*
- 8.21%
- 5Y*
- 6.47%
- 10Y*
- —
ENGW.L
- 1D
- -0.61%
- 1M
- -1.01%
- YTD
- 31.96%
- 6M
- 29.35%
- 1Y
- 44.95%
- 3Y*
- 15.53%
- 5Y*
- —
- 10Y*
- —
XMLC.DE vs. ENGW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XMLC.DE L&G Clean Water UCITS ETF | 2.11% | 3.88% | 9.96% | 17.08% | -5.63% |
ENGW.L SPDR MSCI World Energy UCITS ETF | 31.96% | 1.60% | 8.55% | 0.01% | 13.99% |
Correlation
The correlation between XMLC.DE and ENGW.L is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.25 |
The correlation between XMLC.DE and ENGW.L shifts across timeframes, from -0.05 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMLC.DE vs. ENGW.L — Risk / Return Rank
XMLC.DE
ENGW.L
XMLC.DE vs. ENGW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Water UCITS ETF (XMLC.DE) and SPDR MSCI World Energy UCITS ETF (ENGW.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.
| XMLC.DE | ENGW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.37 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 3.04 | -2.42 |
| Martin ratioReturn relative to average drawdown | 1.60 | 10.18 | -8.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XMLC.DE | ENGW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 2.10 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.56 | +0.01 |
Drawdowns
XMLC.DE vs. ENGW.L - Drawdown Comparison
The maximum XMLC.DE drawdown since its inception was -35.25%, which is greater than ENGW.L's maximum drawdown of -23.64%. Use the drawdown chart below to compare losses from any high point for XMLC.DE and ENGW.L.
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Drawdown Indicators
| XMLC.DE | ENGW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.25% | -23.64% | -11.61% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -14.70% | +3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -19.51% | -23.64% | +4.13% |
Max Drawdown (5Y)Largest decline over 5 years | -20.54% | — | — |
Current DrawdownCurrent decline from peak | -7.57% | -7.14% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -8.84% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 4.40% | -0.12% |
Volatility
XMLC.DE vs. ENGW.L - Volatility Comparison
The current volatility for L&G Clean Water UCITS ETF (XMLC.DE) is 4.03%, while SPDR MSCI World Energy UCITS ETF (ENGW.L) has a volatility of 8.18%. This indicates that XMLC.DE experiences smaller price fluctuations and is considered to be less risky than ENGW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMLC.DE | ENGW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 8.18% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 18.25% | -7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.11% | 21.39% | -7.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 23.29% | -7.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.66% | 23.29% | -4.63% |
XMLC.DE vs. ENGW.L - Expense Ratio Comparison
XMLC.DE has a 0.49% expense ratio, which is higher than ENGW.L's 0.30% expense ratio.
Dividends
XMLC.DE vs. ENGW.L - Dividend Comparison
Neither XMLC.DE nor ENGW.L has paid dividends to shareholders.
Frequently Asked Questions
XMLC.DE and ENGW.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENGW.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENGW.L is cheaper with a 0.30% expense ratio, compared with 0.49% for XMLC.DE.
XMLC.DE is categorized as Water Equities, while ENGW.L is Energy Equities. XMLC.DE tracks Solactive Clean Water, while ENGW.L tracks MSCI World/Energy NR USD. They also come from different issuers: Legal & General and State Street. Their fees differ too: 0.49% for XMLC.DE and 0.30% for ENGW.L.
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