0Y8Z.L vs. SX5S.L
0Y8Z.L (iShares Core MSCI EMU UCITS ETF EUR (Dist)) and SX5S.L (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - 0Y8Z.L tracks the MSCI EMU Net Index (EUR) while SX5S.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 3 years, 0Y8Z.L returned 15.97%/yr vs 15.59%/yr for SX5S.L. At a 0.45 correlation, their price movements are largely independent. 0Y8Z.L charges 0.12%/yr vs 0.05%/yr for SX5S.L.
Performance
0Y8Z.L vs. SX5S.L - Performance Comparison
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Different Trading Currencies
0Y8Z.L is traded in EUR, while SX5S.L is traded in GBp. To make them comparable, the SX5S.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with 0Y8Z.L having a 11.27% return and SX5S.L slightly lower at 10.76%.
0Y8Z.L
- 1D
- -1.02%
- 1M
- -0.23%
- 6M
- 6.94%
- YTD
- 11.27%
- 1Y
- 20.28%
- 3Y*
- 15.97%
- 5Y*
- —
- 10Y*
- —
SX5S.L
- 1D
- -0.27%
- 1M
- 0.67%
- 6M
- 6.37%
- YTD
- 10.76%
- 1Y
- 20.00%
- 3Y*
- 15.59%
- 5Y*
- 12.34%
- 10Y*
- 10.85%
0Y8Z.L vs. SX5S.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
0Y8Z.L iShares Core MSCI EMU UCITS ETF EUR (Dist) | 11.27% | 24.83% | 8.63% | 15.41% | 1.14% |
SX5S.L Invesco EURO STOXX 50 UCITS ETF | 10.76% | 21.02% | 11.26% | 22.45% | 6.50% |
Correlation
The correlation between 0Y8Z.L and SX5S.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.45 |
The correlation between 0Y8Z.L and SX5S.L shifts across timeframes, from 0.45 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
0Y8Z.L vs. SX5S.L — Risk / Return Rank
0Y8Z.L
SX5S.L
0Y8Z.L vs. SX5S.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.L) and Invesco EURO STOXX 50 UCITS ETF (SX5S.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.
| 0Y8Z.L | SX5S.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 1.84 | +0.29 |
| Martin ratioReturn relative to average drawdown | 8.14 | 6.32 | +1.81 |
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Drawdowns
0Y8Z.L vs. SX5S.L - Drawdown Comparison
The maximum 0Y8Z.L drawdown since its inception was -14.60%, smaller than the maximum SX5S.L drawdown of -38.87%. Use the drawdown chart below to compare losses from any high point for 0Y8Z.L and SX5S.L.
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Drawdown Indicators
| 0Y8Z.L | SX5S.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -38.87% | +24.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -10.84% | +0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -14.60% | -16.02% | +1.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.87% | — |
Current DrawdownCurrent decline from peak | -2.77% | -2.19% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -6.61% | +4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 3.16% | -0.56% |
Volatility
0Y8Z.L vs. SX5S.L - Volatility Comparison
iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.L) and Invesco EURO STOXX 50 UCITS ETF (SX5S.L) have volatilities of 4.06% and 4.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0Y8Z.L | SX5S.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 4.26% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 12.80% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 15.58% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 17.39% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.99% | 18.05% | +0.94% |
0Y8Z.L vs. SX5S.L - Expense Ratio Comparison
0Y8Z.L has a 0.12% expense ratio, which is higher than SX5S.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
0Y8Z.L vs. SX5S.L - Dividend Comparison
0Y8Z.L's dividend yield for the trailing twelve months is around 2.32%, while SX5S.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
0Y8Z.L iShares Core MSCI EMU UCITS ETF EUR (Dist) | 2.32% | 2.53% | 2.41% |
SX5S.L Invesco EURO STOXX 50 UCITS ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
0Y8Z.L and SX5S.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SX5S.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SX5S.L is cheaper with a 0.05% expense ratio, compared with 0.12% for 0Y8Z.L.
0Y8Z.L tracks MSCI EMU Net Index (EUR), while SX5S.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for 0Y8Z.L and 0.05% for SX5S.L.
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