ESIE.L vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) and S&P 500 Index (^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.

Performance

ESIE.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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)	37.70%	20.13%	-9.70%	6.04%	44.68%	26.96%	1.47%
^GSPC S&P 500 Index	-2.36%	8.10%	25.46%	18.02%	-9.86%	28.09%	2.38%

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 37.70% return, which is significantly higher than ^GSPC's -2.82% return.

ESIE.L

• 1D: -4.57%
• 1M: 12.93%
• YTD: 37.70%
• 6M: 43.65%
• 1Y: 46.63%
• 3Y*: 17.71%
• 5Y*: 21.80%
• 10Y*: —

^GSPC

• 1D: 0.00%
• 1M: -3.82%
• YTD: -2.82%
• 6M: -0.84%
• 1Y: 13.26%
• 3Y*: 14.01%
• 5Y*: 11.18%
• 10Y*: 12.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ESIE.L vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESIE.L

ESIE.L Risk / Return Rank: 89
ESIE.L Sharpe Ratio Rank: 90
ESIE.L Sortino Ratio Rank: 89
ESIE.L Omega Ratio Rank: 88
ESIE.L Calmar Ratio Rank: 91
ESIE.L Martin Ratio Rank: 89

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

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.

	ESIE.L	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	2.08	0.71	+1.37
Sortino ratio Return per unit of downside risk	2.57	1.11	+1.45
Omega ratio Gain probability vs. loss probability	1.38	1.17	+0.21
Calmar ratio Return relative to maximum drawdown	3.50	1.18	+2.32
Martin ratio Return relative to average drawdown	12.14	4.60	+7.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESIE.L vs. ^GSPC - Sharpe Ratio Comparison

The current ESIE.L Sharpe Ratio is 2.08, which is higher than the ^GSPC Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of ESIE.L and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ESIE.L	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	0.71	+1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.71	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.54	+0.38

Correlation

The correlation between ESIE.L and ^GSPC is 0.11, 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.

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 -37.67%. Use the drawdown chart below to compare losses from any high point for ESIE.L and ^GSPC.

Drawdown Indicators

	ESIE.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-27.35%	-56.78%	+29.43%
Max Drawdown (1Y) Largest decline over 1 year	-17.96%	-12.14%	-5.82%
Max Drawdown (5Y) Largest decline over 5 years	-27.35%	-25.43%	-1.92%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-4.57%	-5.78%	+1.21%
Average Drawdown Average peak-to-trough decline	-8.27%	-10.75%	+2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	2.60%	+1.38%

Volatility

ESIE.L vs. ^GSPC - Volatility Comparison

iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) has a higher volatility of 9.51% compared to S&P 500 Index (^GSPC) at 4.54%. 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.

Volatility by Period

	ESIE.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.51%	4.54%	+4.97%
Volatility (6M) Calculated over the trailing 6-month period	15.25%	9.49%	+5.76%
Volatility (1Y) Calculated over the trailing 1-year period	22.31%	18.75%	+3.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.97%	15.90%	+8.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.32%	18.17%	+6.15%