CAPU.L vs. ESES.L

Last updated Jul 18, 2026

CAPU.L (Ossiam Lux - Ossiam Shiller Barclays CAPE US Sector Value Trust) and ESES.L (Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc)) are both exchange-traded funds - CAPU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while ESES.L is a Emerging Markets Equities fund tracking the MSCI EM Universal Select Business Screens Index. Both are passively managed. Over the past 5 years, CAPU.L returned 9.82%/yr vs 6.99%/yr for ESES.L. At a 0.42 correlation, their price movements are largely independent. CAPU.L charges 0.65%/yr vs 0.19%/yr for ESES.L.

Performance

CAPU.L vs. ESES.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Ossiam Lux - Ossiam Shiller Barclays CAPE US Sector Value Trust (CAPU.L) and Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAPU.L achieves a 4.43% return, which is significantly lower than ESES.L's 20.07% return.

CAPU.L

• 1D: 0.27%
• 1M: 2.79%
• 6M: 3.22%
• YTD: 4.43%
• 1Y: 9.36%
• 3Y*: 10.65%
• 5Y*: 9.82%
• 10Y*: 13.21%

ESES.L

• 1D: -1.40%
• 1M: -8.29%
• 6M: 13.84%
• YTD: 20.07%
• 1Y: 35.10%
• 3Y*: 18.07%
• 5Y*: 6.99%
• 10Y*: —

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

CAPU.L vs. ESES.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CAPU.L Ossiam Lux - Ossiam Shiller Barclays CAPE US Sector Value Trust	4.43%	1.73%	17.90%	21.81%	-5.24%	11.07%
ESES.L Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc)	20.07%	24.05%	7.54%	2.94%	-11.14%	6,848.44%

Correlation

The correlation between CAPU.L and ESES.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jul 7, 2021	0.42

The correlation between CAPU.L and ESES.L shifts across timeframes, from 0.22 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CAPU.L vs. ESES.L — Risk / Return Rank

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

CAPU.L

CAPU.L Risk / Return Rank: 32
CAPU.L Sharpe Ratio Rank: 35
CAPU.L Sortino Ratio Rank: 33
CAPU.L Omega Ratio Rank: 30
CAPU.L Calmar Ratio Rank: 30
CAPU.L Martin Ratio Rank: 30

ESES.L

ESES.L Risk / Return Rank: 76
ESES.L Sharpe Ratio Rank: 76
ESES.L Sortino Ratio Rank: 73
ESES.L Omega Ratio Rank: 77
ESES.L Calmar Ratio Rank: 82
ESES.L Martin Ratio Rank: 74

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.

CAPU.L vs. ESES.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam Lux - Ossiam Shiller Barclays CAPE US Sector Value Trust (CAPU.L) and Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.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.

	CAPU.L	ESES.L	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.83	-0.82
Sortino ratio: Return per unit of downside risk	1.46	2.49	-1.03
Omega ratio: Gain probability vs. loss probability	1.17	1.34	-0.17
Calmar ratio: Return relative to maximum drawdown	1.20	3.24	-2.04
Martin ratio: Return relative to average drawdown	3.39	9.91	-6.52

CAPU.L vs. ESES.L - Sharpe Ratio Comparison

The current CAPU.L Sharpe Ratio is 1.01, which is lower than the ESES.L Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of CAPU.L and ESES.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.

Drawdowns

CAPU.L vs. ESES.L - Drawdown Comparison

The maximum CAPU.L drawdown since its inception was -42.89%, which is greater than ESES.L's maximum drawdown of -23.59%. Use the drawdown chart below to compare losses from any high point for CAPU.L and ESES.L.

Drawdown Indicators

	CAPU.L	ESES.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.89%	-23.59%	-19.30%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-10.79%	+3.03%
Max Drawdown (3Y) Largest decline over 3 years	-20.13%	-23.59%	+3.46%
Max Drawdown (5Y) Largest decline over 5 years	-20.13%	-23.59%	+3.46%
Max Drawdown (10Y) Largest decline over 10 years	-26.39%	—	—
Current Drawdown Current decline from peak	-0.07%	-10.05%	+9.98%
Average Drawdown Average peak-to-trough decline	-9.81%	-10.52%	+0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	3.53%	-0.77%

Volatility

CAPU.L vs. ESES.L - Volatility Comparison

The current volatility for Ossiam Lux - Ossiam Shiller Barclays CAPE US Sector Value Trust (CAPU.L) is 2.89%, while Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.L) has a volatility of 7.19%. This indicates that CAPU.L experiences smaller price fluctuations and is considered to be less risky than ESES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAPU.L	ESES.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	7.19%	-4.30%
Volatility (6M) Calculated over the trailing 6-month period	7.30%	17.05%	-9.75%
Volatility (1Y) Calculated over the trailing 1-year period	9.28%	19.11%	-9.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.40%	21.67%	-2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.26%	3,195.40%	-3,174.14%

CAPU.L vs. ESES.L - Expense Ratio Comparison

CAPU.L has a 0.65% expense ratio, which is higher than ESES.L's 0.19% expense ratio.

Dividends

CAPU.L vs. ESES.L - Dividend Comparison

Neither CAPU.L nor ESES.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CAPU.L and ESES.L in my portfolio?

CAPU.L and ESES.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAPU.L or ESES.L?

On fees, ESES.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAPU.L or ESES.L?

ESES.L is cheaper with a 0.19% expense ratio, compared with 0.65% for CAPU.L.

What is the main difference between CAPU.L and ESES.L?

CAPU.L is categorized as Large Cap Blend Equities, while ESES.L is Emerging Markets Equities. CAPU.L tracks Russell 1000 TR USD, while ESES.L tracks MSCI EM Universal Select Business Screens Index. They also come from different issuers: Natixis and Invesco. Their fees differ too: 0.65% for CAPU.L and 0.19% for ESES.L.