ESIE.L vs. ^GSPC
ESIE.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) is Energy Equities fund tracking the MSCI World/Energy NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, ESIE.L returned 19.88%/yr vs 12.35%/yr for ^GSPC. At a 0.08 correlation, their price movements are largely independent.
Performance
ESIE.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
ESIE.L is traded in GBP, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESIE.L achieves a 27.16% return, which is significantly higher than ^GSPC's 10.77% return.
ESIE.L
- 1D
- -1.17%
- 1M
- 0.32%
- 6M
- 24.04%
- YTD
- 27.16%
- 1Y
- 38.75%
- 3Y*
- 16.23%
- 5Y*
- 19.88%
- 10Y*
- —
^GSPC
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 9.25%
- YTD
- 10.77%
- 1Y
- 20.65%
- 3Y*
- 17.81%
- 5Y*
- 12.35%
- 10Y*
- 13.12%
ESIE.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) | 27.16% | 20.19% | -9.72% | 6.00% | 44.93% | 26.73% | -6.67% |
^GSPC S&P 500 Index | 10.17% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 0.91% |
Correlation
The correlation between ESIE.L and ^GSPC is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020 | 0.08 |
The correlation between ESIE.L and ^GSPC shifts across timeframes, from -0.07 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ESIE.L vs. ^GSPC — Risk / Return Rank
ESIE.L
^GSPC
ESIE.L vs. ^GSPC - 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.L) and S&P 500 Index (^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.
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.
| ESIE.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.58 | -0.50 |
| Martin ratioReturn relative to average drawdown | 6.31 | 9.41 | -3.10 |
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Drawdowns
ESIE.L vs. ^GSPC - Drawdown Comparison
The maximum ESIE.L drawdown since its inception was -27.35%, smaller than the maximum ^GSPC drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for ESIE.L and ^GSPC.
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Drawdown Indicators
| ESIE.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.35% | -37.07% | +9.72% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -8.03% | -10.52% |
Max Drawdown (3Y)Largest decline over 3 years | -27.35% | -22.15% | -5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -27.35% | -22.15% | -5.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | -11.85% | -0.88% | -10.97% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -5.29% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 2.20% | +3.92% |
Volatility
ESIE.L vs. ^GSPC - Volatility Comparison
iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) has a higher volatility of 7.06% compared to S&P 500 Index (^GSPC) at 3.30%. 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.
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Volatility by Period
| ESIE.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | 3.30% | +3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 20.29% | 8.97% | +11.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.26% | 12.01% | +11.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 15.96% | +8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.82% | 18.05% | +6.77% |
Frequently Asked Questions
ESIE.L and ^GSPC have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ESIE.L and ^GSPC
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