PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CEU1.L vs. SX5S.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CEU1.L vs. SX5S.L

Last updated Jun 5, 2026

CEU1.L (iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)) and SX5S.L (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds tracking the MSCI EMU NR EUR, from iShares and Invesco respectively. Both are passively managed. Over the past 10 years, CEU1.L returned 11.08%/yr vs 11.41%/yr for SX5S.L. Their correlation of 0.82 suggests significant overlap in exposure. CEU1.L charges 0.12%/yr vs 0.05%/yr for SX5S.L.

Performance

CEU1.L vs. SX5S.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEU1.L) and Invesco EURO STOXX 50 UCITS ETF (SX5S.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, CEU1.L achieves a 7.95% return, which is significantly higher than SX5S.L's 6.46% return. Both investments have delivered pretty close results over the past 10 years, with CEU1.L having a 11.08% annualized return and SX5S.L not far ahead at 11.41%.

CEU1.L

1D
0.41%
1M
4.87%
YTD
7.95%
6M
9.61%
1Y
21.06%
3Y*
16.19%
5Y*
10.72%
10Y*
11.08%

SX5S.L

1D
0.35%
1M
4.85%
YTD
6.46%
6M
7.51%
1Y
18.61%
3Y*
15.51%
5Y*
11.51%
10Y*
11.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CEU1.L vs. SX5S.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CEU1.L
iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)		7.95%30.63%4.62%16.50%-6.40%14.38%5.24%19.34%-11.60%17.38%
SX5S.L
Invesco EURO STOXX 50 UCITS ETF		6.46%27.68%6.13%19.91%-3.67%14.48%2.12%23.51%-10.62%14.35%

Correlation

The correlation between CEU1.L and SX5S.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.95

Correlation (5Y)
Calculated over the trailing 5-year period

0.95

Correlation (10Y)
Calculated over the trailing 10-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Sep 8, 2014

0.82

The correlation between CEU1.L and SX5S.L shifts across timeframes, from 0.82 (all time) to 0.98 (1 year), reflecting how their relationship changes across market environments.

CEU1.L vs. SX5S.L - Sectors Allocation Comparison

Sectors
CEU1.L
SX5S.L

Financial Services

24.0%
25.1%

Industrials

21.0%
22.1%

Technology

15.9%
16.1%

Consumer Cyclical

8.4%
9.8%

Utilities

6.4%
4.8%

Healthcare

5.6%
5.4%

Consumer Defensive

5.6%
5.5%

Communication Services

4.3%
2.3%

Basic Materials

4.0%
3.7%

Energy

3.9%
5.2%

Real Estate

0.9%

-

Financial Services

CEU1.L
24.0%
SX5S.L
25.1%

Industrials

CEU1.L
21.0%
SX5S.L
22.1%

Technology

CEU1.L
15.9%
SX5S.L
16.1%

Consumer Cyclical

CEU1.L
8.4%
SX5S.L
9.8%

Utilities

CEU1.L
6.4%
SX5S.L
4.8%

Healthcare

CEU1.L
5.6%
SX5S.L
5.4%

Consumer Defensive

CEU1.L
5.6%
SX5S.L
5.5%

Communication Services

CEU1.L
4.3%
SX5S.L
2.3%

Basic Materials

CEU1.L
4.0%
SX5S.L
3.7%

Energy

CEU1.L
3.9%
SX5S.L
5.2%

Real Estate

CEU1.L
0.9%
SX5S.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)

Invesco EURO STOXX 50 UCITS ETF

Often compared with CEU1.L:
CEU1.L vs. WLDL.LCEU1.L vs. CS51.LCEU1.L vs. EIMI.LCEU1.L vs. VUKG.LCEU1.L vs. IEFV.LCEU1.L vs. SCHDCEU1.L vs. EEM
Often compared with SX5S.L:
SX5S.L vs. S600.LSX5S.L vs. VXUSSX5S.L vs. ACWXSX5S.L vs. SPYSX5S.L vs. QQQSX5S.L vs. ^SP500TRSX5S.L vs. CIBR

Return for Risk

CEU1.L vs. SX5S.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CEU1.L
CEU1.L Risk / Return Rank: 4343
Overall Rank
CEU1.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
CEU1.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
CEU1.L Omega Ratio Rank: 4646
Omega Ratio Rank
CEU1.L Calmar Ratio Rank: 4040
Calmar Ratio Rank
CEU1.L Martin Ratio Rank: 4343
Martin Ratio Rank
SX5S.L
SX5S.L Risk / Return Rank: 3535
Overall Rank
SX5S.L Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
SX5S.L Sortino Ratio Rank: 3535
Sortino Ratio Rank
SX5S.L Omega Ratio Rank: 3535
Omega Ratio Rank
SX5S.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
SX5S.L Martin Ratio Rank: 3636
Martin Ratio Rank
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.

CEU1.L vs. SX5S.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEU1.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.

CEU1.LSX5S.LDifference
Sharpe ratioReturn per unit of total volatility
1.51
1.23

+0.28

Sortino ratioReturn per unit of downside risk
2.20
1.83

+0.37

Omega ratioGain probability vs. loss probability

1.29

1.23

+0.06

Calmar ratioReturn relative to maximum drawdown

1.92

1.62

+0.30

Martin ratioReturn relative to average drawdown

6.78

5.40

+1.38

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEU1.L vs. SX5S.L - Sharpe Ratio Comparison

The current CEU1.L Sharpe Ratio is 1.51, which is comparable to the SX5S.L Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of CEU1.L and SX5S.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.

Loading charts...

Sharpe Ratios by Period

CEU1.LSX5S.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.51

1.23

+0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.69

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.73

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.59

-0.08

Drawdowns

CEU1.L vs. SX5S.L - Drawdown Comparison

The maximum CEU1.L drawdown since its inception was -31.47%, roughly equal to the maximum SX5S.L drawdown of -32.54%. Use the drawdown chart below to compare losses from any high point for CEU1.L and SX5S.L.

Loading charts...

Drawdown Indicators

CEU1.LSX5S.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.47%

-32.54%

+1.07%

Max Drawdown (1Y)

Largest decline over 1 year

-10.93%

-11.43%

+0.50%

Max Drawdown (3Y)

Largest decline over 3 years

-13.04%

-13.85%

+0.81%

Max Drawdown (5Y)

Largest decline over 5 years

-21.68%

-21.71%

+0.03%

Max Drawdown (10Y)

Largest decline over 10 years

-31.39%

-32.54%

+1.15%

Current Drawdown

Current decline from peak

-0.10%

-0.57%

+0.47%

Average Drawdown

Average peak-to-trough decline

-5.28%

-5.44%

+0.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

3.44%

-0.34%

Volatility

CEU1.L vs. SX5S.L - Volatility Comparison

The current volatility for iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEU1.L) is 4.55%, while Invesco EURO STOXX 50 UCITS ETF (SX5S.L) has a volatility of 4.90%. This indicates that CEU1.L experiences smaller price fluctuations and is considered to be less risky than SX5S.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CEU1.LSX5S.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.55%

4.90%

-0.35%

Volatility (6M)

Calculated over the trailing 6-month period

11.48%

12.23%

-0.75%

Volatility (1Y)

Calculated over the trailing 1-year period

13.89%

15.09%

-1.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.11%

17.62%

-1.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.77%

19.88%

-3.11%

CEU1.L vs. SX5S.L - Expense Ratio Comparison

CEU1.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

CEU1.L vs. SX5S.L - Dividend Comparison

Neither CEU1.L nor SX5S.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.98, CEU1.L and SX5S.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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 CEU1.L.

Both ETFs track MSCI EMU NR EUR. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for CEU1.L and 0.05% for SX5S.L.

Portfolio Optimizer

Find the right allocation for CEU1.L and SX5S.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer