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ENGE
+14.70 · +8.12%
£195.69 · LSE
SPDR® MSCI Europe Energy UCITS ETF GBP | Sector Equity Energy
State Street Global Advisors Europe Limited · Ireland
AUM:£735.3M
#– of – in Sector Equity Energy ETFs
ℹ️
Reward Rating
59
Good
28.05% 1Y return
ℹ️
Risk Rating
77
High
Risk Assessment
ℹ️

Educational tool only – Scores are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

📈 Up 28.1% over the past year, reflecting strong price momentum.

Cost Efficiency

💰 Ongoing charge of 0.18% — competitive for the exposure provided.

What is ENGE?

SPDR® MSCI Europe Energy UCITS ETF GBP tracks Morningstar Gbl Enrg NR USD, providing diversified exposure across 12 holdings. Its ongoing charge is 0.18%.

Performance Highlights

Investment Breakdown

Strong Recent Performance
ENGE delivered 28.1% over the past year. Historical returns only — past performance is not indicative of future results.
Competitive Ongoing Charge
Ongoing charge of 0.18% — reasonable for the index exposure provided.
Concentrated Holdings
Top 10 holdings account for 97.1% of the ETF — significant weight in a small number of names.

Openbook Analysis

Performance: Good (59)

The scoring profile reflects moderate historical performance, with a 28.1% 1-year return (historical). The ongoing charge of 0.18% is reasonable for this exposure. Risk indicators are high, reflecting meaningful price sensitivity (historical).

For informational and educational purposes only. Not financial advice. Past performance is not indicative of future results.

ETF Information
AUM£735.3M
Ongoing Charge0.18%
Dividend Yield0.00%
Holdings12
Inception DateDec 2014
DomicileIreland
Distribution–
IndexMorningstar Gbl Enrg NR USD
ProviderState Street Global Advisors Europe Limited
Beta–
CategorySector Equity Energy
CurrencyGBP
Portfolio Impact

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6168
+7 points · better diversified
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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+25.4%
1Y
+53.4%
3Y
+58.5%
5Y
+78.9%
OpenBook InsightIf you had invested £10,000 in ENGE 5 years ago, it would have grown to £17,892 — a gain of £7,892.

Annual Returns

Calendar year performance

ENGE delivered positive returns in 4 of the last 5 calendar years.
YearENGE
2026 YTD+26.1%
2025+17.1%
2024-9.8%
2023+5.7%
2022+21.3%
CAGR 4yr+7.9%
4/5 positive yearsAvg return: +12.1%Worst year: -9.8% (2024)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: MIXED
Trend Strength
33%
Negative
Volatility
28.5%
Moderate
Momentum
-5.0%
30-day change
Support Level
237.20
Key floor
Key Insights
  • Monitor key support and resistance levels as part of broader risk assessment.

Reward Rating Breakdown

Our reward rating analyses ENGE's attractiveness using 4 weighted factors. Each factor is scored 0-100, then combined using the weights shown below. Past performance does not guarantee future results.

Overall Reward Rating
59
Good REWARD
Data Coverage: %
Factor Framework
Performance
Has the ETF delivered strong historical returns versus similar ETFs?
Cost Efficiency
Is the ETF cheap to own over long periods?
Income
Does it provide attractive and consistent distributions?
Diversification Quality
Does it spread exposure across holdings, sectors, and regions?

📈 Performance

Weight: 30%
80/100

Has the ETF delivered strong historical returns versus similar ETFs? Combines 1/3/5/10-year returns with the Sharpe ratio (risk-adjusted return).

1Y Return
28.05%
Very Good
3Y Return
9.88%
Good
5Y Return
18.33%
Very Good
10Y Return
10.47%
Very Good
Sharpe Ratio
—
No Data

Strong historical performance profile: 1-year return of 28.05%, 3-year annualised 9.88%, 5-year annualised 18.33%. Past performance is not indicative of future results.

💰 Cost Efficiency

Weight: 30%
65/100

Is the ETF cheap to own over long periods? Low ongoing charges compound into meaningful additional returns over a 10-year horizon.

Ongoing Charge
0.18%
Good
Net Expense Ratio
—
No Data
Annual Turnover
—
No Data
Tracking Difference
—
No Data

Reasonable cost profile: ongoing charge of 0.18%.

💵 Income

Weight: 15%
Not applicable

This is an accumulating ETF. It reinvests distributions inside the fund rather than paying cash to unit-holders, so income metrics don't apply. Reward is scored on the other three factors with the 15% income weight redistributed proportionally.

🌐 Diversification Quality

Weight: 25%
28/100

Does the ETF spread exposure across many holdings, sectors, and regions? Concentrated funds can be doing exactly what they're meant to do — treat the score as context, not a verdict.

Holdings
12
Very Weak
Top 10 Concentration
97.10%
Very Weak
Top Sector
Energy99.1%
Very Weak
Top Region
United Kingdom51.0%
Good

Heavily concentrated — returns will be driven by a narrow slice of the market: 12 holdings, top 10 at 97.1%, Energy sector at 99.1%, United Kingdom at 51.0%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Past performance is not indicative of future results.

Risk Rating Breakdown

Our risk rating analyses ENGE using 4 weighted factors. A higher score indicates higher risk. This is a framework for understanding exposure — concentrated funds can still be doing exactly what they're meant to do.

Overall Risk Rating
77
High RISK
Data Coverage: 75%
Factor Framework
Holdings Concentration
How much of the fund sits in its largest positions? Few dominant names mean returns ride on those companies.
Market Exposure
Geographic, sector and cyclical dependencies. High single-country or single-sector weight increases macro sensitivity.
Volatility
Historical price movement, beta and drawdowns — how sharply the fund moves relative to the market.
Income Reliability
How dependable the distribution yield is — cyclical-sector dependency and unusually high yields can flag payout risk.

🎯 Holdings Concentration

Weight: 25%
86/100

How much of the fund sits in a small number of positions? If the top holdings dominate, returns will be driven by those specific companies rather than the broader index.

Top 10 Weight
97.10%
High Risk
Largest Holding
32.50%
High Risk
Number of Holdings
12
High Risk
HHI (weight²)
1,912
Elevated

Holdings-level concentration is high: top 10 holdings at 97.1%, largest single position at 32.50%, 12 total holdings.

🌍 Market Exposure

Weight: 25%
76/100

How dependent is the fund on a single country, sector or economic cycle? Heavy exposure to one market means a single macro event can drive most of the return.

Top Region
United Kingdom51.0%
Lower Risk
Top Sector
Energy99.1%
High Risk
Top 2 Sectors
99.91%
High Risk
Cyclical Sectors
99.09%
High Risk

High market-exposure risk — returns closely track a narrow slice of the market: United Kingdom at 51.0%, Energy sector at 99.1%, 99.1% in cyclical sectors.

📊 Volatility

Weight: 35%
72/100

How sharply does the fund move day-to-day and how deep have its drawdowns been? High volatility means wider return outcomes over short horizons.

1Y Volatility
21.78%
Moderate
Beta
—
No Data
Max Drawdown
—
No Data

High historical volatility — expect meaningful short-term swings: 1Y volatility of 21.78% (historical).

💵 Income Reliability

Weight: 15%
Not applicable

This is an accumulating ETF. Distributions are reinvested inside the fund, so there's no dividend-reliability risk to assess. The 15% income weight is redistributed to the other three factors.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Risk scoring is model-based and past data does not guarantee future results.
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