ESIE.L vs. PMLP.L

Last updated Jun 26, 2026

ESIE.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) and PMLP.L (HANetf Alerian Midstream Energy Dividend UCITS ETF) are both Energy Equities funds tracking the MSCI World/Energy NR USD, from iShares and HANetf respectively. Both are passively managed. Over the past 5 years, ESIE.L returned 16.51%/yr vs 19.81%/yr for PMLP.L. A 0.59 correlation means they provide meaningful diversification when combined. ESIE.L charges 0.18%/yr vs 0.40%/yr for PMLP.L.

Performance

ESIE.L vs. PMLP.L - 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 HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESIE.L is traded in GBP, while PMLP.L is traded in GBp. To make them comparable, the PMLP.L 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 20.02% return, which is significantly lower than PMLP.L's 29.65% return.

ESIE.L

• 1D: -0.58%
• 1M: -9.55%
• YTD: 20.02%
• 6M: 21.73%
• 1Y: 37.60%
• 3Y*: 13.92%
• 5Y*: 16.51%
• 10Y*: —

PMLP.L

• 1D: 1.39%
• 1M: -0.06%
• YTD: 29.65%
• 6M: 30.68%
• 1Y: 36.13%
• 3Y*: 24.56%
• 5Y*: 19.81%
• 10Y*: —

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

ESIE.L vs. PMLP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)	20.02%	20.19%	-9.72%	6.00%	44.93%	26.73%	-6.67%
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF	29.65%	-1.39%	35.81%	7.60%	35.33%	34.86%	1.77%

Correlation

The correlation between ESIE.L and PMLP.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020	0.59

The correlation between ESIE.L and PMLP.L shifts across timeframes, from 0.47 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

ESIE.L vs. PMLP.L - Sectors Allocation Comparison

Sectors	ESIE.L	PMLP.L
Energy	99.2%	100.0%
Communication Services	0.8%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

ESIE.L vs. PMLP.L — 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: 51
ESIE.L Sharpe Ratio Rank: 54
ESIE.L Sortino Ratio Rank: 46
ESIE.L Omega Ratio Rank: 52
ESIE.L Calmar Ratio Rank: 51
ESIE.L Martin Ratio Rank: 51

PMLP.L

PMLP.L Risk / Return Rank: 63
PMLP.L Sharpe Ratio Rank: 66
PMLP.L Sortino Ratio Rank: 60
PMLP.L Omega Ratio Rank: 58
PMLP.L Calmar Ratio Rank: 74
PMLP.L Martin Ratio Rank: 59

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. PMLP.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 HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.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	PMLP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.88	-0.26
Sortino ratio: Return per unit of downside risk	2.08	2.47	-0.39
Omega ratio: Gain probability vs. loss probability	1.29	1.31	-0.02
Calmar ratio: Return relative to maximum drawdown	2.23	3.32	-1.10
Martin ratio: Return relative to average drawdown	7.66	9.23	-1.57

ESIE.L vs. PMLP.L - Sharpe Ratio Comparison

The current ESIE.L Sharpe Ratio is 1.62, which is comparable to the PMLP.L Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of ESIE.L and PMLP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ESIE.L vs. PMLP.L - Drawdown Comparison

The maximum ESIE.L drawdown since its inception was -27.35%, smaller than the maximum PMLP.L drawdown of -31.86%. Use the drawdown chart below to compare losses from any high point for ESIE.L and PMLP.L.

Drawdown Indicators

	ESIE.L	PMLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.35%	-31.86%	+4.51%
Max Drawdown (1Y) Largest decline over 1 year	-16.81%	-10.82%	-5.99%
Max Drawdown (3Y) Largest decline over 3 years	-27.35%	-20.50%	-6.85%
Max Drawdown (5Y) Largest decline over 5 years	-27.35%	-20.50%	-6.85%
Current Drawdown Current decline from peak	-16.81%	-2.08%	-14.73%
Average Drawdown Average peak-to-trough decline	-8.27%	-7.27%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	3.90%	+1.00%

Volatility

ESIE.L vs. PMLP.L - Volatility Comparison

iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) has a higher volatility of 8.22% compared to HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) at 6.69%. This indicates that ESIE.L's price experiences larger fluctuations and is considered to be riskier than PMLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESIE.L	PMLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.22%	6.69%	+1.53%
Volatility (6M) Calculated over the trailing 6-month period	20.33%	15.83%	+4.50%
Volatility (1Y) Calculated over the trailing 1-year period	23.13%	19.17%	+3.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.48%	19.67%	+4.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.84%	23.20%	+1.64%

ESIE.L vs. PMLP.L - Expense Ratio Comparison

ESIE.L has a 0.18% expense ratio, which is lower than PMLP.L's 0.40% expense ratio.

Dividends

ESIE.L vs. PMLP.L - Dividend Comparison

ESIE.L has not paid dividends to shareholders, while PMLP.L's dividend yield for the trailing twelve months is around 2.80%.

Position	TTM	2025	2024	2023	2022	2021	2020
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF	2.80%	3.31%	3.37%	6.48%	6.12%	6.58%	4.17%

Frequently Asked Questions

Can I hold both ESIE.L and PMLP.L in my portfolio?

ESIE.L and PMLP.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESIE.L or PMLP.L?

On fees, ESIE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESIE.L or PMLP.L?

ESIE.L is cheaper with a 0.18% expense ratio, compared with 0.40% for PMLP.L.

What is the main difference between ESIE.L and PMLP.L?

Both ETFs track MSCI World/Energy NR USD. They also come from different issuers: iShares and HANetf. Their fees differ too: 0.18% for ESIE.L and 0.40% for PMLP.L.