ESIE.L vs. V3AB.L

Last updated Jun 4, 2026

ESIE.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) and V3AB.L (Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating) are both exchange-traded funds - ESIE.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while V3AB.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, ESIE.L returned 20.09%/yr vs 11.90%/yr for V3AB.L. At a 0.18 correlation, their price movements are largely independent. ESIE.L charges 0.18%/yr vs 0.24%/yr for V3AB.L.

Performance

ESIE.L vs. V3AB.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 Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESIE.L achieves a 35.58% return, which is significantly higher than V3AB.L's 12.10% return.

ESIE.L

• 1D: 2.01%
• 1M: -0.45%
• YTD: 35.58%
• 6M: 31.87%
• 1Y: 58.97%
• 3Y*: 18.27%
• 5Y*: 20.09%
• 10Y*: —

V3AB.L

• 1D: -0.58%
• 1M: 6.96%
• YTD: 12.10%
• 6M: 12.91%
• 1Y: 30.63%
• 3Y*: 17.95%
• 5Y*: 11.90%
• 10Y*: —

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

ESIE.L vs. V3AB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)	35.58%	20.13%	-9.70%	6.04%	44.68%	16.72%
V3AB.L Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	12.10%	12.22%	19.77%	17.95%	-11.67%	17.38%

Correlation

The correlation between ESIE.L and V3AB.L is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.18

The correlation between ESIE.L and V3AB.L shifts across timeframes, from -0.23 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

ESIE.L vs. V3AB.L - Sectors Allocation Comparison

Sectors	ESIE.L	V3AB.L
Energy	99.1%	0.0%
Communication Services	0.9%	10.0%
Basic Materials	-	3.4%
Consumer Cyclical	-	11.2%
Consumer Defensive	-	4.4%
Financial Services	-	17.7%
Healthcare	-	9.7%
Industrials	-	6.4%
Real Estate	-	3.0%
Technology	-	33.9%
Utilities	-	0.4%

Return for Risk

ESIE.L vs. V3AB.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: 77
ESIE.L Sharpe Ratio Rank: 79
ESIE.L Sortino Ratio Rank: 66
ESIE.L Omega Ratio Rank: 75
ESIE.L Calmar Ratio Rank: 86
ESIE.L Martin Ratio Rank: 77

V3AB.L

V3AB.L Risk / Return Rank: 79
V3AB.L Sharpe Ratio Rank: 79
V3AB.L Sortino Ratio Rank: 79
V3AB.L Omega Ratio Rank: 81
V3AB.L Calmar Ratio Rank: 75
V3AB.L Martin Ratio Rank: 79

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. V3AB.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 Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.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.

	ESIE.L	V3AB.L	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.61	-0.05
Sortino ratio: Return per unit of downside risk	3.06	3.60	-0.54
Omega ratio: Gain probability vs. loss probability	1.45	1.50	-0.05
Calmar ratio: Return relative to maximum drawdown	4.84	3.81	+1.03
Martin ratio: Return relative to average drawdown	14.81	15.62	-0.81
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. V3AB.L - Sharpe Ratio Comparison

The current ESIE.L Sharpe Ratio is 2.56, which is comparable to the V3AB.L Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of ESIE.L and V3AB.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.

Sharpe Ratios by Period

	ESIE.L	V3AB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.61	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.87	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.91	-0.05

Drawdowns

ESIE.L vs. V3AB.L - Drawdown Comparison

The maximum ESIE.L drawdown since its inception was -27.35%, which is greater than V3AB.L's maximum drawdown of -19.00%. Use the drawdown chart below to compare losses from any high point for ESIE.L and V3AB.L.

Drawdown Indicators

	ESIE.L	V3AB.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.35%	-19.00%	-8.35%
Max Drawdown (1Y) Largest decline over 1 year	-12.13%	-8.00%	-4.13%
Max Drawdown (3Y) Largest decline over 3 years	-27.35%	-19.00%	-8.35%
Max Drawdown (5Y) Largest decline over 5 years	-27.35%	-19.00%	-8.35%
Current Drawdown Current decline from peak	-6.04%	-0.58%	-5.46%
Average Drawdown Average peak-to-trough decline	-8.24%	-4.22%	-4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	1.96%	+2.01%

Volatility

ESIE.L vs. V3AB.L - Volatility Comparison

iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) has a higher volatility of 8.04% compared to Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.L) at 3.38%. This indicates that ESIE.L's price experiences larger fluctuations and is considered to be riskier than V3AB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESIE.L	V3AB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.04%	3.38%	+4.66%
Volatility (6M) Calculated over the trailing 6-month period	19.14%	8.82%	+10.32%
Volatility (1Y) Calculated over the trailing 1-year period	22.89%	11.69%	+11.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.32%	13.72%	+10.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.59%	13.68%	+10.91%

ESIE.L vs. V3AB.L - Expense Ratio Comparison

ESIE.L has a 0.18% expense ratio, which is lower than V3AB.L's 0.24% expense ratio. Despite the difference, 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. V3AB.L - Dividend Comparison

Neither ESIE.L nor V3AB.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%
V3AB.L Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	1.91%

Frequently Asked Questions

Can I hold both ESIE.L and V3AB.L in my portfolio?

ESIE.L and V3AB.L have a correlation of -0.23, 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 V3AB.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 V3AB.L?

ESIE.L is cheaper with a 0.18% expense ratio, compared with 0.24% for V3AB.L.

What is the main difference between ESIE.L and V3AB.L?

ESIE.L is categorized as Energy Equities, while V3AB.L is Global Equities. ESIE.L tracks MSCI World/Energy NR USD, while V3AB.L tracks MSCI ACWI NR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for ESIE.L and 0.24% for V3AB.L.