BNKS.L vs. IUFS.L

Last updated Jun 5, 2026

BNKS.L (iShares S&P U.S. Banks) and IUFS.L (iShares S&P 500 Financials Sector UCITS ETF USD Acc) are both Financials Equities funds from iShares - BNKS.L tracks the MSCI World/Financials NR USD while IUFS.L tracks the S&P 500 Capped 35/20 Financials Index. Both are passively managed. Over the past 5 years, BNKS.L returned 4.76%/yr vs 7.95%/yr for IUFS.L. Their correlation of 0.83 suggests significant overlap in exposure. BNKS.L charges 0.35%/yr vs 0.15%/yr for IUFS.L.

Performance

BNKS.L vs. IUFS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P U.S. Banks (BNKS.L) and iShares S&P 500 Financials Sector UCITS ETF USD Acc (IUFS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNKS.L achieves a 3.61% return, which is significantly higher than IUFS.L's -5.06% return.

BNKS.L

• 1D: 3.49%
• 1M: 0.99%
• YTD: 3.61%
• 6M: 7.51%
• 1Y: 27.90%
• 3Y*: 26.30%
• 5Y*: 4.76%
• 10Y*: —

IUFS.L

• 1D: 3.18%
• 1M: 1.22%
• YTD: -5.06%
• 6M: -2.04%
• 1Y: 3.53%
• 3Y*: 18.52%
• 5Y*: 7.95%
• 10Y*: 12.21%

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

BNKS.L vs. IUFS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BNKS.L iShares S&P U.S. Banks	3.61%	20.45%	28.55%	-3.74%	-18.79%	39.71%	-12.04%	36.28%	-24.32%
IUFS.L iShares S&P 500 Financials Sector UCITS ETF USD Acc	-5.06%	15.05%	30.22%	12.12%	-11.04%	36.28%	-3.33%	31.22%	-13.80%

Correlation

The correlation between BNKS.L and IUFS.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since May 24, 2018	0.83

The correlation between BNKS.L and IUFS.L has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.

BNKS.L vs. IUFS.L - Sectors Allocation Comparison

Sectors	BNKS.L	IUFS.L
Financial Services	100.0%	98.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	0.2%
Real Estate	-	-
Technology	-	1.7%
Utilities	-	-

Return for Risk

BNKS.L vs. IUFS.L — Risk / Return Rank

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

BNKS.L

BNKS.L Risk / Return Rank: 36
BNKS.L Sharpe Ratio Rank: 38
BNKS.L Sortino Ratio Rank: 39
BNKS.L Omega Ratio Rank: 36
BNKS.L Calmar Ratio Rank: 34
BNKS.L Martin Ratio Rank: 31

IUFS.L

IUFS.L Risk / Return Rank: 12
IUFS.L Sharpe Ratio Rank: 13
IUFS.L Sortino Ratio Rank: 12
IUFS.L Omega Ratio Rank: 12
IUFS.L Calmar Ratio Rank: 12
IUFS.L Martin Ratio Rank: 12

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.

BNKS.L vs. IUFS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Banks (BNKS.L) and iShares S&P 500 Financials Sector UCITS ETF USD Acc (IUFS.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.

	BNKS.L	IUFS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.33	0.24	+1.10
Sortino ratio: Return per unit of downside risk	1.96	0.46	+1.50
Omega ratio: Gain probability vs. loss probability	1.23	1.05	+0.18
Calmar ratio: Return relative to maximum drawdown	1.65	0.25	+1.39
Martin ratio: Return relative to average drawdown	4.55	0.64	+3.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BNKS.L vs. IUFS.L - Sharpe Ratio Comparison

The current BNKS.L Sharpe Ratio is 1.33, which is higher than the IUFS.L Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of BNKS.L and IUFS.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.

Sharpe Ratios by Period

	BNKS.L	IUFS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	0.24	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.42	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.53	-0.33

Drawdowns

BNKS.L vs. IUFS.L - Drawdown Comparison

The maximum BNKS.L drawdown since its inception was -51.35%, which is greater than IUFS.L's maximum drawdown of -42.92%. Use the drawdown chart below to compare losses from any high point for BNKS.L and IUFS.L.

Drawdown Indicators

	BNKS.L	IUFS.L	Difference
Max Drawdown Largest peak-to-trough decline	-51.35%	-42.92%	-8.43%
Max Drawdown (1Y) Largest decline over 1 year	-16.88%	-13.95%	-2.93%
Max Drawdown (3Y) Largest decline over 3 years	-28.47%	-16.62%	-11.85%
Max Drawdown (5Y) Largest decline over 5 years	-50.15%	-26.02%	-24.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.92%	—
Current Drawdown Current decline from peak	-5.58%	-6.87%	+1.29%
Average Drawdown Average peak-to-trough decline	-17.75%	-7.86%	-9.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.12%	5.54%	+0.58%

Volatility

BNKS.L vs. IUFS.L - Volatility Comparison

iShares S&P U.S. Banks (BNKS.L) has a higher volatility of 6.48% compared to iShares S&P 500 Financials Sector UCITS ETF USD Acc (IUFS.L) at 4.43%. This indicates that BNKS.L's price experiences larger fluctuations and is considered to be riskier than IUFS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNKS.L	IUFS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.48%	4.43%	+2.05%
Volatility (6M) Calculated over the trailing 6-month period	15.85%	11.26%	+4.59%
Volatility (1Y) Calculated over the trailing 1-year period	20.82%	14.73%	+6.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.66%	18.98%	+8.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.51%	21.09%	+10.42%

BNKS.L vs. IUFS.L - Expense Ratio Comparison

BNKS.L has a 0.35% expense ratio, which is higher than IUFS.L's 0.15% expense ratio.

Dividends

BNKS.L vs. IUFS.L - Dividend Comparison

Neither BNKS.L nor IUFS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BNKS.L and IUFS.L in my portfolio?

BNKS.L and IUFS.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BNKS.L or IUFS.L?

On fees, IUFS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BNKS.L or IUFS.L?

IUFS.L is cheaper with a 0.15% expense ratio, compared with 0.35% for BNKS.L.

What is the main difference between BNKS.L and IUFS.L?

BNKS.L tracks MSCI World/Financials NR USD, while IUFS.L tracks S&P 500 Capped 35/20 Financials Index. Their fees differ too: 0.35% for BNKS.L and 0.15% for IUFS.L.