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EPOL vs. ISAC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPOL vs. ISAC.L

Last updated Jun 9, 2026

EPOL (iShares MSCI Poland ETF) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - EPOL is a Europe Equities fund tracking the MSCI Poland Investable Market Index, while ISAC.L is a Global Equities fund tracking the MSCI All Country World Index (Net). Both are passively managed. Over the past 10 years, EPOL returned 11.52%/yr vs 12.55%/yr for ISAC.L. At a 0.45 correlation, their price movements are largely independent. EPOL charges 0.61%/yr vs 0.20%/yr for ISAC.L.

Performance

EPOL vs. ISAC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Poland ETF (EPOL) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EPOL achieves a 11.99% return, which is significantly higher than ISAC.L's 9.28% return. Over the past 10 years, EPOL has underperformed ISAC.L with an annualized return of 11.52%, while ISAC.L has yielded a comparatively higher 12.55% annualized return.

EPOL

1D
1.31%
1M
0.97%
YTD
11.99%
6M
21.57%
1Y
40.69%
3Y*
34.12%
5Y*
15.89%
10Y*
11.52%

ISAC.L

1D
-0.49%
1M
0.23%
YTD
9.28%
6M
10.77%
1Y
25.90%
3Y*
20.19%
5Y*
10.90%
10Y*
12.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPOL vs. ISAC.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPOL
iShares MSCI Poland ETF		11.99%77.34%-2.61%50.70%-24.62%12.21%-8.38%-6.13%-13.76%52.43%
ISAC.L
iShares MSCI ACWI UCITS ETF USD (Acc)		9.28%22.36%17.81%22.57%-18.16%18.85%15.66%25.75%-9.73%24.40%

Correlation

The correlation between EPOL and ISAC.L is 0.50, 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

0.50

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

0.45

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

0.47

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

0.46

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2011

0.45

The correlation between EPOL and ISAC.L has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.

EPOL vs. ISAC.L - Sectors Allocation Comparison

Sectors
EPOL
ISAC.L

Financial Services

45.6%
17.3%

Energy

14.6%
3.6%

Consumer Cyclical

12.4%
8.5%

Basic Materials

6.6%
2.9%

Communication Services

6.3%
8.6%

Consumer Defensive

5.5%
4.4%

Utilities

5.1%
2.2%

Technology

1.9%
33.9%

Industrials

1.7%
9.0%

Healthcare

0.3%
7.8%

Real Estate

-

1.2%

Financial Services

EPOL
45.6%
ISAC.L
17.3%

Energy

EPOL
14.6%
ISAC.L
3.6%

Consumer Cyclical

EPOL
12.4%
ISAC.L
8.5%

Basic Materials

EPOL
6.6%
ISAC.L
2.9%

Communication Services

EPOL
6.3%
ISAC.L
8.6%

Consumer Defensive

EPOL
5.5%
ISAC.L
4.4%

Utilities

EPOL
5.1%
ISAC.L
2.2%

Technology

EPOL
1.9%
ISAC.L
33.9%

Industrials

EPOL
1.7%
ISAC.L
9.0%

Healthcare

EPOL
0.3%
ISAC.L
7.8%

Real Estate

EPOL

-

ISAC.L
1.2%

Compare stocks, funds, or ETFs

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iShares MSCI Poland ETF

iShares MSCI ACWI UCITS ETF USD (Acc)

Often compared with EPOL:
EPOL vs. SPYEPOL vs. EWQEPOL vs. IBCJ.DEEPOL vs. EIRLEPOL vs. EWWEPOL vs. EWPEPOL vs. EWK
Often compared with ISAC.L:
ISAC.L vs. VWRA.LISAC.L vs. SSAC.LISAC.L vs. IWDA.LISAC.L vs. VTISAC.L vs. SWDA.LISAC.L vs. VOOISAC.L vs. SWRD.L

Return for Risk

EPOL vs. ISAC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPOL
EPOL Risk / Return Rank: 6161
Overall Rank
EPOL Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
EPOL Sortino Ratio Rank: 5757
Sortino Ratio Rank
EPOL Omega Ratio Rank: 5252
Omega Ratio Rank
EPOL Calmar Ratio Rank: 7979
Calmar Ratio Rank
EPOL Martin Ratio Rank: 6262
Martin Ratio Rank
ISAC.L
ISAC.L Risk / Return Rank: 7171
Overall Rank
ISAC.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
ISAC.L Sortino Ratio Rank: 7676
Sortino Ratio Rank
ISAC.L Omega Ratio Rank: 7070
Omega Ratio Rank
ISAC.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
ISAC.L Martin Ratio Rank: 7272
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.

EPOL vs. ISAC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Poland ETF (EPOL) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.

EPOLISAC.LDifference
Sharpe ratioReturn per unit of total volatility
1.75
2.06

-0.31

Sortino ratioReturn per unit of downside risk
2.45
3.06

-0.61

Omega ratioGain probability vs. loss probability

1.29

1.38

-0.08

Calmar ratioReturn relative to maximum drawdown

3.70

2.94

+0.76

Martin ratioReturn relative to average drawdown

10.10

12.26

-2.17

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

EPOL vs. ISAC.L - Sharpe Ratio Comparison

The current EPOL Sharpe Ratio is 1.75, which is comparable to the ISAC.L Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of EPOL and ISAC.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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Sharpe Ratios by Period

EPOLISAC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.75

2.06

-0.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.70

-0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.42

0.79

-0.37

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

0.72

-0.51

Drawdowns

EPOL vs. ISAC.L - Drawdown Comparison

The maximum EPOL drawdown since its inception was -63.72%, which is greater than ISAC.L's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for EPOL and ISAC.L.

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Drawdown Indicators

EPOLISAC.LDifference

Max Drawdown

Largest peak-to-trough decline

-63.72%

-33.82%

-29.90%

Max Drawdown (1Y)

Largest decline over 1 year

-11.04%

-8.77%

-2.27%

Max Drawdown (3Y)

Largest decline over 3 years

-21.81%

-16.56%

-5.25%

Max Drawdown (5Y)

Largest decline over 5 years

-54.21%

-26.07%

-28.14%

Max Drawdown (10Y)

Largest decline over 10 years

-61.41%

-33.82%

-27.59%

Current Drawdown

Current decline from peak

-3.03%

-2.73%

-0.30%

Average Drawdown

Average peak-to-trough decline

-26.88%

-4.64%

-22.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.04%

2.11%

+1.93%

Volatility

EPOL vs. ISAC.L - Volatility Comparison

iShares MSCI Poland ETF (EPOL) has a higher volatility of 7.44% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.92%. This indicates that EPOL's price experiences larger fluctuations and is considered to be riskier than ISAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EPOLISAC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.44%

3.92%

+3.52%

Volatility (6M)

Calculated over the trailing 6-month period

17.80%

9.92%

+7.88%

Volatility (1Y)

Calculated over the trailing 1-year period

23.40%

12.54%

+10.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.11%

15.58%

+13.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.66%

15.96%

+11.70%

EPOL vs. ISAC.L - Expense Ratio Comparison

EPOL has a 0.61% expense ratio, which is higher than ISAC.L's 0.20% expense ratio.

Dividends

EPOL vs. ISAC.L - Dividend Comparison

EPOL's dividend yield for the trailing twelve months is around 4.27%, while ISAC.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EPOL
iShares MSCI Poland ETF		4.27%4.78%6.04%2.87%2.65%1.33%1.44%2.51%1.44%1.88%2.14%2.53%
ISAC.L
iShares MSCI ACWI UCITS ETF USD (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%

Frequently Asked Questions

EPOL and ISAC.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.61% for EPOL.

EPOL is categorized as Europe Equities, while ISAC.L is Global Equities. EPOL tracks MSCI Poland Investable Market Index, while ISAC.L tracks MSCI All Country World Index (Net). Their fees differ too: 0.61% for EPOL and 0.20% for ISAC.L.

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