CES1.L vs. SX5S.L
Compare and contrast key facts about iShares MSCI EMU Small Cap UCITS ETF (Acc) (CES1.L) and Invesco EURO STOXX 50 UCITS ETF (SX5S.L).
CES1.L and SX5S.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CES1.L is a passively managed fund by iShares that tracks the performance of the MSCI EMU Small Cap NR EUR. It was launched on Jul 1, 2009. SX5S.L is a passively managed fund by Invesco that tracks the performance of the MSCI EMU NR EUR. It was launched on Mar 19, 2009. Both CES1.L and SX5S.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CES1.L vs. SX5S.L - Performance Comparison
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CES1.L vs. SX5S.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CES1.L iShares MSCI EMU Small Cap UCITS ETF (Acc) | 0.77% | 30.70% | -4.07% | 11.92% | -11.62% | 15.21% | 11.44% | 21.04% | -16.15% | 28.53% |
SX5S.L Invesco EURO STOXX 50 UCITS ETF | -0.88% | 27.68% | 6.13% | 19.91% | -3.67% | 14.48% | 2.12% | 23.51% | -10.62% | 14.35% |
Returns By Period
In the year-to-date period, CES1.L achieves a 0.77% return, which is significantly higher than SX5S.L's -0.88% return. Over the past 10 years, CES1.L has underperformed SX5S.L with an annualized return of 9.36%, while SX5S.L has yielded a comparatively higher 10.85% annualized return.
CES1.L
- 1D
- 2.61%
- 1M
- -4.29%
- YTD
- 0.77%
- 6M
- 3.89%
- 1Y
- 21.93%
- 3Y*
- 9.76%
- 5Y*
- 6.22%
- 10Y*
- 9.36%
SX5S.L
- 1D
- 3.16%
- 1M
- -4.62%
- YTD
- -0.88%
- 6M
- 3.08%
- 1Y
- 15.14%
- 3Y*
- 12.65%
- 5Y*
- 11.18%
- 10Y*
- 10.85%
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CES1.L vs. SX5S.L - Expense Ratio Comparison
CES1.L has a 0.58% expense ratio, which is higher than SX5S.L's 0.05% expense ratio.
Return for Risk
CES1.L vs. SX5S.L — Risk / Return Rank
CES1.L
SX5S.L
CES1.L vs. SX5S.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Small Cap UCITS ETF (Acc) (CES1.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.
| CES1.L | SX5S.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.49 | 0.93 | +0.56 |
Sortino ratioReturn per unit of downside risk | 1.98 | 1.32 | +0.66 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.18 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.35 | +0.57 |
Martin ratioReturn relative to average drawdown | 7.34 | 4.93 | +2.41 |
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
| CES1.L | SX5S.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 0.93 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.67 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.70 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.56 | +0.07 |
Correlation
The correlation between CES1.L and SX5S.L is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CES1.L vs. SX5S.L - Dividend Comparison
Neither CES1.L nor SX5S.L has paid dividends to shareholders.
Drawdowns
CES1.L vs. SX5S.L - Drawdown Comparison
The maximum CES1.L drawdown since its inception was -32.68%, roughly equal to the maximum SX5S.L drawdown of -32.54%. Use the drawdown chart below to compare losses from any high point for CES1.L and SX5S.L.
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Drawdown Indicators
| CES1.L | SX5S.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -32.54% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -11.43% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -27.02% | -21.71% | -5.31% |
Max Drawdown (10Y)Largest decline over 10 years | -32.68% | -32.54% | -0.14% |
Current DrawdownCurrent decline from peak | -6.57% | -7.43% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -5.47% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 3.14% | -0.08% |
Volatility
CES1.L vs. SX5S.L - Volatility Comparison
iShares MSCI EMU Small Cap UCITS ETF (Acc) (CES1.L) and Invesco EURO STOXX 50 UCITS ETF (SX5S.L) have volatilities of 6.61% and 6.38%, 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
| CES1.L | SX5S.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 6.38% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 11.02% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 16.18% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 17.52% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 19.87% | -3.93% |