ESIE.DE vs. S0LR.DE
ESIE.DE (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) and S0LR.DE (Invesco Solar Energy UCITS ETF Acc) are both Energy Equities funds - ESIE.DE tracks the MSCI World/Energy NR USD while S0LR.DE tracks the MAC Global Solar Energy. Both are passively managed. Over the past 3 years, ESIE.DE returned 17.75%/yr vs -3.99%/yr for S0LR.DE. At a 0.20 correlation, their price movements are largely independent. ESIE.DE charges 0.18%/yr vs 0.69%/yr for S0LR.DE.
Performance
ESIE.DE vs. S0LR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESIE.DE achieves a 35.70% return, which is significantly lower than S0LR.DE's 39.14% return.
ESIE.DE
- 1D
- -1.24%
- 1M
- 1.63%
- YTD
- 35.70%
- 6M
- 33.07%
- 1Y
- 55.14%
- 3Y*
- 17.75%
- 5Y*
- 19.66%
- 10Y*
- —
S0LR.DE
- 1D
- -2.10%
- 1M
- 16.00%
- YTD
- 39.14%
- 6M
- 43.68%
- 1Y
- 104.04%
- 3Y*
- -3.99%
- 5Y*
- —
- 10Y*
- —
ESIE.DE vs. S0LR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESIE.DE iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) | 35.70% | 15.26% | -6.63% | 8.58% | 35.56% | 14.75% |
S0LR.DE Invesco Solar Energy UCITS ETF Acc | 39.14% | 31.50% | -33.95% | -27.80% | 1.22% | -8.13% |
Correlation
The correlation between ESIE.DE and S0LR.DE is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.20 |
The correlation between ESIE.DE and S0LR.DE shifts across timeframes, from -0.05 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ESIE.DE vs. S0LR.DE — Risk / Return Rank
ESIE.DE
S0LR.DE
ESIE.DE vs. S0LR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.DE) and Invesco Solar Energy UCITS ETF Acc (S0LR.DE). 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.
| ESIE.DE | S0LR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | 8.71 | -4.26 |
| Martin ratioReturn relative to average drawdown | 14.31 | 21.79 | -7.48 |
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
| ESIE.DE | S0LR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 3.02 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | -0.12 | +1.04 |
Drawdowns
ESIE.DE vs. S0LR.DE - Drawdown Comparison
The maximum ESIE.DE drawdown since its inception was -26.20%, smaller than the maximum S0LR.DE drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for ESIE.DE and S0LR.DE.
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Drawdown Indicators
| ESIE.DE | S0LR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.20% | -73.43% | +47.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.33% | -11.75% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -26.20% | -64.81% | +38.61% |
Max Drawdown (5Y)Largest decline over 5 years | -26.20% | — | — |
Current DrawdownCurrent decline from peak | -6.72% | -32.82% | +26.10% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -39.70% | +33.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 4.71% | -0.87% |
Volatility
ESIE.DE vs. S0LR.DE - Volatility Comparison
The current volatility for iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.DE) is 7.06%, while Invesco Solar Energy UCITS ETF Acc (S0LR.DE) has a volatility of 12.56%. This indicates that ESIE.DE experiences smaller price fluctuations and is considered to be less risky than S0LR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESIE.DE | S0LR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | 12.56% | -5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 19.84% | 23.50% | -3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.89% | 33.92% | -11.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.75% | 36.23% | -12.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.16% | 36.23% | -12.07% |
ESIE.DE vs. S0LR.DE - Expense Ratio Comparison
ESIE.DE has a 0.18% expense ratio, which is lower than S0LR.DE's 0.69% expense ratio.
Dividends
ESIE.DE vs. S0LR.DE - Dividend Comparison
Neither ESIE.DE nor S0LR.DE has paid dividends to shareholders.
Frequently Asked Questions
ESIE.DE and S0LR.DE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIE.DE is cheaper with a 0.18% expense ratio, compared with 0.69% for S0LR.DE.
ESIE.DE tracks MSCI World/Energy NR USD, while S0LR.DE tracks MAC Global Solar Energy. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for ESIE.DE and 0.69% for S0LR.DE.
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