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EIRL vs. FTAL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EIRL vs. FTAL.L

Last updated Jun 13, 2026

EIRL (iShares MSCI Ireland ETF) and FTAL.L (SPDR FTSE UK All Share UCITS ETF) are both Europe Equities funds - EIRL tracks the MSCI Ireland Investable Market 25/50 Index while FTAL.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, EIRL returned 9.18%/yr vs 8.69%/yr for FTAL.L. A 0.58 correlation means they provide meaningful diversification when combined. EIRL charges 0.49%/yr vs 0.20%/yr for FTAL.L.

Performance

EIRL vs. FTAL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Ireland ETF (EIRL) and SPDR FTSE UK All Share UCITS ETF (FTAL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EIRL is traded in USD, while FTAL.L is traded in GBP. To make them comparable, the FTAL.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with EIRL having a 6.90% return and FTAL.L slightly lower at 6.65%. Over the past 10 years, EIRL has outperformed FTAL.L with an annualized return of 9.18%, while FTAL.L has yielded a comparatively lower 8.69% annualized return.

EIRL

1D
0.50%
1M
6.93%
YTD
6.90%
6M
7.46%
1Y
20.32%
3Y*
13.90%
5Y*
7.25%
10Y*
9.18%

FTAL.L

1D
1.60%
1M
1.47%
YTD
6.65%
6M
10.38%
1Y
19.66%
3Y*
16.79%
5Y*
9.18%
10Y*
8.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EIRL vs. FTAL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EIRL
iShares MSCI Ireland ETF		6.90%28.82%-1.64%35.13%-18.83%13.72%9.63%28.15%-21.92%29.82%
FTAL.L
SPDR FTSE UK All Share UCITS ETF		6.65%32.49%7.21%13.61%-10.20%16.12%-7.20%24.06%-14.81%23.73%

Correlation

The correlation between EIRL and FTAL.L is 0.63, 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

0.63

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

0.60

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

0.64

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

0.61

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2012

0.58

The correlation between EIRL and FTAL.L has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.

EIRL vs. FTAL.L - Sectors Allocation Comparison

Sectors
EIRL
FTAL.L

Financial Services

34.0%
24.2%

Industrials

24.8%
14.5%

Consumer Defensive

14.6%
12.1%

Healthcare

10.2%
12.8%

Consumer Cyclical

8.8%
5.6%

Energy

4.8%
10.9%

Real Estate

2.1%
1.7%

Basic Materials

0.5%
8.4%

Technology

0.3%
1.7%

Communication Services

-

3.0%

Utilities

-

5.1%

Financial Services

EIRL
34.0%
FTAL.L
24.2%

Industrials

EIRL
24.8%
FTAL.L
14.5%

Consumer Defensive

EIRL
14.6%
FTAL.L
12.1%

Healthcare

EIRL
10.2%
FTAL.L
12.8%

Consumer Cyclical

EIRL
8.8%
FTAL.L
5.6%

Energy

EIRL
4.8%
FTAL.L
10.9%

Real Estate

EIRL
2.1%
FTAL.L
1.7%

Basic Materials

EIRL
0.5%
FTAL.L
8.4%

Technology

EIRL
0.3%
FTAL.L
1.7%

Communication Services

EIRL

-

FTAL.L
3.0%

Utilities

EIRL

-

FTAL.L
5.1%

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 Ireland ETF

SPDR FTSE UK All Share UCITS ETF

Often compared with EIRL:
EIRL vs. EPOLEIRL vs. EWQEIRL vs. EUFNEIRL vs. EWIEIRL vs. EWPEIRL vs. ENZLEIRL vs. EWZS
Often compared with FTAL.L:
FTAL.L vs. CUKX.LFTAL.L vs. VUKG.LFTAL.L vs. EUEA.ASFTAL.L vs. NG.LFTAL.L vs. REL.LFTAL.L vs. LWDB.LFTAL.L vs. GBPG.L

Return for Risk

EIRL vs. FTAL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EIRL
EIRL Risk / Return Rank: 3232
Overall Rank
EIRL Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
EIRL Sortino Ratio Rank: 3232
Sortino Ratio Rank
EIRL Omega Ratio Rank: 3232
Omega Ratio Rank
EIRL Calmar Ratio Rank: 2929
Calmar Ratio Rank
EIRL Martin Ratio Rank: 3232
Martin Ratio Rank
FTAL.L
FTAL.L Risk / Return Rank: 6060
Overall Rank
FTAL.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
FTAL.L Sortino Ratio Rank: 6666
Sortino Ratio Rank
FTAL.L Omega Ratio Rank: 6767
Omega Ratio Rank
FTAL.L Calmar Ratio Rank: 5252
Calmar Ratio Rank
FTAL.L Martin Ratio Rank: 5050
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.

EIRL vs. FTAL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Ireland ETF (EIRL) and SPDR FTSE UK All Share UCITS ETF (FTAL.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.

EIRLFTAL.LDifference
Sharpe ratioReturn per unit of total volatility
1.01
1.36

-0.35

Sortino ratioReturn per unit of downside risk
1.56
1.97

-0.42

Omega ratioGain probability vs. loss probability

1.19

1.25

-0.06

Calmar ratioReturn relative to maximum drawdown

1.29

1.87

-0.58

Martin ratioReturn relative to average drawdown

4.25

6.17

-1.93

EIRL vs. FTAL.L - Sharpe Ratio Comparison

The current EIRL Sharpe Ratio is 1.01, which is comparable to the FTAL.L Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of EIRL and FTAL.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.

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Drawdowns

EIRL vs. FTAL.L - Drawdown Comparison

The maximum EIRL drawdown since its inception was -46.48%, which is greater than FTAL.L's maximum drawdown of -43.10%. Use the drawdown chart below to compare losses from any high point for EIRL and FTAL.L.

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Drawdown Indicators

EIRLFTAL.LDifference

Max Drawdown

Largest peak-to-trough decline

-46.48%

-43.10%

-3.38%

Max Drawdown (1Y)

Largest decline over 1 year

-14.28%

-9.92%

-4.36%

Max Drawdown (3Y)

Largest decline over 3 years

-23.04%

-13.73%

-9.31%

Max Drawdown (5Y)

Largest decline over 5 years

-40.14%

-28.40%

-11.74%

Max Drawdown (10Y)

Largest decline over 10 years

-46.48%

-43.10%

-3.38%

Current Drawdown

Current decline from peak

0.00%

-3.30%

+3.30%

Average Drawdown

Average peak-to-trough decline

-9.09%

-7.78%

-1.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.35%

3.01%

+1.34%

Volatility

EIRL vs. FTAL.L - Volatility Comparison

iShares MSCI Ireland ETF (EIRL) and SPDR FTSE UK All Share UCITS ETF (FTAL.L) have volatilities of 4.78% and 4.71%, 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

EIRLFTAL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.78%

4.71%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

15.05%

11.47%

+3.58%

Volatility (1Y)

Calculated over the trailing 1-year period

18.21%

13.63%

+4.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.19%

16.62%

+4.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.74%

18.29%

+3.45%

EIRL vs. FTAL.L - Expense Ratio Comparison

EIRL has a 0.49% expense ratio, which is higher than FTAL.L's 0.20% expense ratio.

Dividends

EIRL vs. FTAL.L - Dividend Comparison

EIRL's dividend yield for the trailing twelve months is around 2.53%, while FTAL.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EIRL
iShares MSCI Ireland ETF		2.53%2.71%2.56%1.00%1.13%0.82%0.50%2.11%1.52%1.44%1.34%1.70%
FTAL.L
SPDR FTSE UK All Share UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

EIRL and FTAL.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, FTAL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

FTAL.L is cheaper with a 0.20% expense ratio, compared with 0.49% for EIRL.

EIRL tracks MSCI Ireland Investable Market 25/50 Index, while FTAL.L tracks FTSE AllSh TR GBP. They also come from different issuers: iShares and State Street. Their fees differ too: 0.49% for EIRL and 0.20% for FTAL.L.

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