ESIE.L vs. ^GSPC
Compare and contrast key facts about iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) and S&P 500 (^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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESIE.L or ^GSPC.
Key characteristics
| ESIE.L | ^GSPC | |
|---|---|---|
| YTD Return | -1.35% | 18.42% |
| 1Y Return | 3.80% | 25.31% |
| 3Y Return (Ann) | 19.62% | 7.71% |
| Sharpe Ratio | 0.09 | 2.02 |
| Daily Std Dev | 22.53% | 12.40% |
| Max Drawdown | -19.67% | -56.78% |
| Current Drawdown | -13.25% | -0.33% |
Correlation
The correlation between ESIE.L and ^GSPC is 0.27, 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.
Performance
ESIE.L vs. ^GSPC - Performance Comparison
In the year-to-date period, ESIE.L achieves a -1.35% return, which is significantly lower than ^GSPC's 18.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ESIE.L vs. ^GSPC - Risk-Adjusted Performance 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 (^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.
Drawdowns
ESIE.L vs. ^GSPC - Drawdown Comparison
The maximum ESIE.L drawdown since its inception was -19.67%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ESIE.L and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ESIE.L vs. ^GSPC - Volatility Comparison
iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) and S&P 500 (^GSPC) have volatilities of 5.71% and 5.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.