ESIE.L vs. ^GSPC
Compare and contrast key facts about iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) and S&P 500 (^GSPC).
ESIE.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Energy NR USD. It was launched on Nov 18, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESIE.L or ^GSPC.
Key characteristics
| ESIE.L | ^GSPC | |
|---|---|---|
| YTD Return | -6.47% | 17.95% |
| 1Y Return | -8.47% | 24.88% |
| 3Y Return (Ann) | 16.71% | 8.21% |
| Sharpe Ratio | -0.38 | 2.03 |
| Daily Std Dev | 22.77% | 12.77% |
| Max Drawdown | -19.67% | -56.78% |
| Current Drawdown | -17.76% | -0.73% |
Correlation
The correlation between ESIE.L and ^GSPC is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ESIE.L vs. ^GSPC - Performance Comparison
In the year-to-date period, ESIE.L achieves a -6.47% return, which is significantly lower than ^GSPC's 17.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
ESIE.L vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) and S&P 500 (^GSPC). 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.
Drawdowns
ESIE.L vs. ^GSPC - Drawdown Comparison
The maximum ESIE.L drawdown since its inception was -19.67%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ESIE.L and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ESIE.L vs. ^GSPC - Volatility Comparison
iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) has a higher volatility of 5.92% compared to S&P 500 (^GSPC) at 4.09%. This indicates that ESIE.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.