XSEN.L vs. ENGE.L
XSEN.L (Xtrackers MSCI USA Energy UCITS ETF 1D) and ENGE.L (SPDR MSCI Europe Energy UCITS ETF) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from Xtrackers and State Street respectively. Both are passively managed. Over the past 3 years, XSEN.L returned 14.11%/yr vs 17.62%/yr for ENGE.L. A 0.76 correlation means they provide meaningful diversification when combined. XSEN.L charges 0.12%/yr vs 0.18%/yr for ENGE.L.
Performance
XSEN.L vs. ENGE.L - Performance Comparison
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Different Trading Currencies
XSEN.L is traded in GBp, while ENGE.L is traded in GBP. To make them comparable, the ENGE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XSEN.L achieves a 30.06% return, which is significantly lower than ENGE.L's 33.47% return.
XSEN.L
- 1D
- -0.32%
- 1M
- -0.61%
- YTD
- 30.06%
- 6M
- 28.04%
- 1Y
- 45.70%
- 3Y*
- 14.11%
- 5Y*
- 21.37%
- 10Y*
- —
ENGE.L
- 1D
- -0.79%
- 1M
- -2.22%
- YTD
- 33.47%
- 6M
- 29.58%
- 1Y
- 58.37%
- 3Y*
- 17.62%
- 5Y*
- —
- 10Y*
- —
XSEN.L vs. ENGE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XSEN.L Xtrackers MSCI USA Energy UCITS ETF 1D | 30.06% | 1.87% | 6.67% | -5.89% | 26.92% |
ENGE.L SPDR MSCI Europe Energy UCITS ETF | 33.47% | 20.13% | -9.19% | 5.91% | 21.28% |
Correlation
The correlation between XSEN.L and ENGE.L is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.76 |
The correlation between XSEN.L and ENGE.L has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
XSEN.L vs. ENGE.L — Risk / Return Rank
XSEN.L
ENGE.L
XSEN.L vs. ENGE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L) and SPDR MSCI Europe Energy UCITS ETF (ENGE.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.
| XSEN.L | ENGE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.45 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 4.93 | -2.19 |
| Martin ratioReturn relative to average drawdown | 8.57 | 14.51 | -5.94 |
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
| XSEN.L | ENGE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.60 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.72 | -0.38 |
Drawdowns
XSEN.L vs. ENGE.L - Drawdown Comparison
The maximum XSEN.L drawdown since its inception was -62.46%, which is greater than ENGE.L's maximum drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for XSEN.L and ENGE.L.
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Drawdown Indicators
| XSEN.L | ENGE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.46% | -25.54% | -36.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.55% | -11.77% | -4.78% |
Max Drawdown (3Y)Largest decline over 3 years | -23.22% | -25.54% | +2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -24.04% | — | — |
Current DrawdownCurrent decline from peak | -9.31% | -7.24% | -2.07% |
Average DrawdownAverage peak-to-trough decline | -17.79% | -8.15% | -9.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 4.01% | +1.31% |
Volatility
XSEN.L vs. ENGE.L - Volatility Comparison
Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L) has a higher volatility of 9.04% compared to SPDR MSCI Europe Energy UCITS ETF (ENGE.L) at 8.22%. This indicates that XSEN.L's price experiences larger fluctuations and is considered to be riskier than ENGE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSEN.L | ENGE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.04% | 8.22% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 20.50% | 19.02% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.79% | 22.37% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.01% | 22.66% | +3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.43% | 22.66% | +6.77% |
XSEN.L vs. ENGE.L - Expense Ratio Comparison
XSEN.L has a 0.12% expense ratio, which is lower than ENGE.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XSEN.L vs. ENGE.L - Dividend Comparison
XSEN.L's dividend yield for the trailing twelve months is around 2.08%, while ENGE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ENGE.L SPDR MSCI Europe Energy UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSEN.L Xtrackers MSCI USA Energy UCITS ETF 1D | 2.08% | 2.70% | 2.70% | 3.24% | 3.69% | 3.27% | 7.11% | 2.78% |
Frequently Asked Questions
XSEN.L and ENGE.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSEN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSEN.L is cheaper with a 0.12% expense ratio, compared with 0.18% for ENGE.L.
Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.12% for XSEN.L and 0.18% for ENGE.L.
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