ESIE.L vs. IESU.L
ESIE.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) and IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both Energy Equities funds from iShares - ESIE.L tracks the MSCI World/Energy NR USD while IESU.L tracks the S&P 500 Capped 35/20 Energy Index NTR. Both are passively managed. Over the past 5 years, ESIE.L returned 20.39%/yr vs 22.82%/yr for IESU.L. A 0.76 correlation means they provide meaningful diversification when combined. ESIE.L charges 0.18%/yr vs 0.15%/yr for IESU.L.
Performance
ESIE.L vs. IESU.L - Performance Comparison
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Different Trading Currencies
ESIE.L is traded in GBP, while IESU.L is traded in GBp. To make them comparable, the IESU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with ESIE.L having a 29.88% return and IESU.L slightly lower at 28.61%.
ESIE.L
- 1D
- 1.97%
- 1M
- 3.78%
- 6M
- 26.94%
- YTD
- 29.88%
- 1Y
- 43.29%
- 3Y*
- 16.67%
- 5Y*
- 20.39%
- 10Y*
- —
IESU.L
- 1D
- 1.07%
- 1M
- 4.80%
- 6M
- 20.56%
- YTD
- 28.61%
- 1Y
- 35.99%
- 3Y*
- 13.44%
- 5Y*
- 22.82%
- 10Y*
- 8.50%
ESIE.L vs. IESU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) | 29.88% | 20.19% | -9.72% | 6.00% | 44.93% | 26.73% | -6.67% |
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 28.61% | 2.26% | 5.45% | -5.96% | 83.53% | 53.82% | 3.51% |
Correlation
The correlation between ESIE.L and IESU.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020 | 0.76 |
The correlation between ESIE.L and IESU.L has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
ESIE.L vs. IESU.L — Risk / Return Rank
ESIE.L
IESU.L
ESIE.L vs. IESU.L - 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 iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.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.
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 | IESU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.07 | +0.26 |
| Martin ratioReturn relative to average drawdown | 6.97 | 5.01 | +1.96 |
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Drawdowns
ESIE.L vs. IESU.L - Drawdown Comparison
The maximum ESIE.L drawdown since its inception was -27.35%, smaller than the maximum IESU.L drawdown of -63.88%. Use the drawdown chart below to compare losses from any high point for ESIE.L and IESU.L.
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Drawdown Indicators
| ESIE.L | IESU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.35% | -63.88% | +36.53% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -17.34% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -27.35% | -26.36% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -27.35% | -26.36% | -0.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.16% | — |
Current DrawdownCurrent decline from peak | -9.97% | -10.65% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -20.50% | +12.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.20% | 7.16% | -0.96% |
Volatility
ESIE.L vs. IESU.L - Volatility Comparison
The current volatility for iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) is 6.39%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) has a volatility of 7.50%. This indicates that ESIE.L experiences smaller price fluctuations and is considered to be less risky than IESU.L 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 | IESU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 7.50% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 20.34% | 21.74% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.31% | 24.54% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.48% | 29.08% | -4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.81% | 29.16% | -4.35% |
ESIE.L vs. IESU.L - Expense Ratio Comparison
ESIE.L has a 0.18% expense ratio, which is higher than IESU.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ESIE.L vs. IESU.L - Dividend Comparison
Neither ESIE.L nor IESU.L has paid dividends to shareholders.
Frequently Asked Questions
ESIE.L and IESU.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESU.L is cheaper with a 0.15% expense ratio, compared with 0.18% for ESIE.L.
ESIE.L tracks MSCI World/Energy NR USD, while IESU.L tracks S&P 500 Capped 35/20 Energy Index NTR. Their fees differ too: 0.18% for ESIE.L and 0.15% for IESU.L.
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