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CSUK.L vs. VGK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSUK.L vs. VGK

Last updated Jun 5, 2026

CSUK.L (iShares MSCI UK UCITS ETF (Acc)) and VGK (Vanguard FTSE Europe ETF) are both Europe Equities funds - CSUK.L tracks the FTSE AllSh TR GBP while VGK tracks the FTSE Developed Europe All Cap Index. Both are passively managed. Over the past 10 years, CSUK.L returned 8.76%/yr vs 10.04%/yr for VGK. A 0.60 correlation means they provide meaningful diversification when combined. CSUK.L charges 0.33%/yr vs 0.06%/yr for VGK.

Performance

CSUK.L vs. VGK - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI UK UCITS ETF (Acc) (CSUK.L) and Vanguard FTSE Europe ETF (VGK). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CSUK.L is traded in GBp, while VGK is traded in USD. To make them comparable, the VGK values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with CSUK.L having a 6.12% return and VGK slightly lower at 6.01%. Over the past 10 years, CSUK.L has underperformed VGK with an annualized return of 8.76%, while VGK has yielded a comparatively higher 10.04% annualized return.

CSUK.L

1D
0.14%
1M
1.60%
YTD
6.12%
6M
8.42%
1Y
21.11%
3Y*
14.48%
5Y*
12.04%
10Y*
8.76%

VGK

1D
0.00%
1M
2.08%
YTD
6.01%
6M
7.94%
1Y
18.33%
3Y*
13.66%
5Y*
9.40%
10Y*
10.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSUK.L vs. VGK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSUK.L
iShares MSCI UK UCITS ETF (Acc)		6.12%25.26%8.91%6.86%7.23%18.18%-13.09%16.20%-9.39%11.89%
VGK
Vanguard FTSE Europe ETF		7.25%26.16%3.65%14.18%-5.99%18.00%2.33%20.10%-9.84%16.00%

Correlation

The correlation between CSUK.L and VGK is 0.65, 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

0.65

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

0.63

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

0.62

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

0.64

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2010

0.60

The correlation between CSUK.L and VGK has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

CSUK.L vs. VGK - Sectors Allocation Comparison

Sectors
CSUK.L
VGK

Financial Services

25.2%
23.9%

Healthcare

14.6%
12.1%

Consumer Defensive

13.5%
8.5%

Industrials

12.7%
19.5%

Energy

11.2%
5.3%

Basic Materials

9.7%
5.4%

Utilities

5.1%
4.8%

Consumer Cyclical

4.2%
6.8%

Communication Services

2.5%
3.3%

Technology

0.6%
8.3%

Real Estate

0.6%
1.5%

Financial Services

CSUK.L
25.2%
VGK
23.9%

Healthcare

CSUK.L
14.6%
VGK
12.1%

Consumer Defensive

CSUK.L
13.5%
VGK
8.5%

Industrials

CSUK.L
12.7%
VGK
19.5%

Energy

CSUK.L
11.2%
VGK
5.3%

Basic Materials

CSUK.L
9.7%
VGK
5.4%

Utilities

CSUK.L
5.1%
VGK
4.8%

Consumer Cyclical

CSUK.L
4.2%
VGK
6.8%

Communication Services

CSUK.L
2.5%
VGK
3.3%

Technology

CSUK.L
0.6%
VGK
8.3%

Real Estate

CSUK.L
0.6%
VGK
1.5%

Compare stocks, funds, or ETFs

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

iShares MSCI UK UCITS ETF (Acc)

Vanguard FTSE Europe ETF

Often compared with CSUK.L:
CSUK.L vs. CUKX.LCSUK.L vs. MIDD.LCSUK.L vs. ^GSPCCSUK.L vs. EWUCSUK.L vs. VUKG.LCSUK.L vs. ISF.LCSUK.L vs. VUAG.L
Often compared with VGK:
VGK vs. VEAVGK vs. IEURVGK vs. VXUSVGK vs. VOOVGK vs. VEUVGK vs. FEZVGK vs. SPEU

Return for Risk

CSUK.L vs. VGK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSUK.L
CSUK.L Risk / Return Rank: 5454
Overall Rank
CSUK.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
CSUK.L Sortino Ratio Rank: 5656
Sortino Ratio Rank
CSUK.L Omega Ratio Rank: 5858
Omega Ratio Rank
CSUK.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
CSUK.L Martin Ratio Rank: 5050
Martin Ratio Rank
VGK
VGK Risk / Return Rank: 3434
Overall Rank
VGK Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
VGK Sortino Ratio Rank: 3535
Sortino Ratio Rank
VGK Omega Ratio Rank: 3333
Omega Ratio Rank
VGK Calmar Ratio Rank: 3232
Calmar Ratio Rank
VGK Martin Ratio Rank: 3838
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.

CSUK.L vs. VGK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UK UCITS ETF (Acc) (CSUK.L) and Vanguard FTSE Europe ETF (VGK). 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.

CSUK.LVGKDifference
Sharpe ratioReturn per unit of total volatility
1.88
1.45

+0.44

Sortino ratioReturn per unit of downside risk
2.63
2.07

+0.56

Omega ratioGain probability vs. loss probability

1.35

1.27

+0.09

Calmar ratioReturn relative to maximum drawdown

2.36

1.66

+0.70

Martin ratioReturn relative to average drawdown

8.29

6.45

+1.84

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

CSUK.L vs. VGK - Sharpe Ratio Comparison

The current CSUK.L Sharpe Ratio is 1.88, which is higher than the VGK Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of CSUK.L and VGK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CSUK.LVGKDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.88

1.45

+0.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

0.66

+0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.61

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.33

+0.16

Drawdowns

CSUK.L vs. VGK - Drawdown Comparison

The maximum CSUK.L drawdown since its inception was -34.55%, smaller than the maximum VGK drawdown of -45.00%. Use the drawdown chart below to compare losses from any high point for CSUK.L and VGK.

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Drawdown Indicators

CSUK.LVGKDifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-45.00%

+10.45%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-11.11%

+2.20%

Max Drawdown (3Y)

Largest decline over 3 years

-12.65%

-13.11%

+0.46%

Max Drawdown (5Y)

Largest decline over 5 years

-12.65%

-17.68%

+5.03%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

-30.91%

-3.64%

Current Drawdown

Current decline from peak

-4.04%

-1.91%

-2.13%

Average Drawdown

Average peak-to-trough decline

-4.72%

-7.01%

+2.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.54%

2.85%

-0.31%

Volatility

CSUK.L vs. VGK - Volatility Comparison

iShares MSCI UK UCITS ETF (Acc) (CSUK.L) and Vanguard FTSE Europe ETF (VGK) have volatilities of 4.34% and 4.49%, 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

CSUK.LVGKDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.34%

4.49%

-0.15%

Volatility (6M)

Calculated over the trailing 6-month period

9.72%

10.66%

-0.94%

Volatility (1Y)

Calculated over the trailing 1-year period

11.17%

12.74%

-1.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.74%

14.31%

-1.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.07%

16.53%

-1.46%

CSUK.L vs. VGK - Expense Ratio Comparison

CSUK.L has a 0.33% expense ratio, which is higher than VGK's 0.06% expense ratio.

Dividends

CSUK.L vs. VGK - Dividend Comparison

CSUK.L has not paid dividends to shareholders, while VGK's dividend yield for the trailing twelve months is around 2.79%.

PositionTTM20252024202320222021202020192018201720162015
CSUK.L
iShares MSCI UK UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VGK
Vanguard FTSE Europe ETF		2.79%2.86%3.61%3.15%3.25%3.05%2.11%3.27%3.95%2.70%3.52%3.25%

Frequently Asked Questions

CSUK.L and VGK have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VGK is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VGK is cheaper with a 0.06% expense ratio, compared with 0.33% for CSUK.L.

CSUK.L tracks FTSE AllSh TR GBP, while VGK tracks FTSE Developed Europe All Cap Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.33% for CSUK.L and 0.06% for VGK.

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