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ESIF.L vs. BNKS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ESIF.L vs. BNKS.L

Last updated Jun 5, 2026

ESIF.L (iShares MSCI Europe Financials Sector UCITS ETF) and BNKS.L (iShares S&P U.S. Banks) are both Financials Equities funds from iShares tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, ESIF.L returned 19.63%/yr vs 5.90%/yr for BNKS.L. A 0.57 correlation means they provide meaningful diversification when combined. ESIF.L charges 0.18%/yr vs 0.35%/yr for BNKS.L.

Performance

ESIF.L vs. BNKS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L) and iShares S&P U.S. Banks (BNKS.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ESIF.L is traded in GBP, while BNKS.L is traded in USD. To make them comparable, the BNKS.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, ESIF.L achieves a 3.13% return, which is significantly lower than BNKS.L's 4.03% return.

ESIF.L

1D
0.83%
1M
3.69%
YTD
3.13%
6M
9.24%
1Y
25.77%
3Y*
29.07%
5Y*
19.63%
10Y*
—

BNKS.L

1D
3.49%
1M
1.92%
YTD
4.03%
6M
6.76%
1Y
29.13%
3Y*
23.12%
5Y*
5.90%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ESIF.L vs. BNKS.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
ESIF.L
iShares MSCI Europe Financials Sector UCITS ETF		3.13%54.55%20.09%18.81%3.59%20.48%2.82%
BNKS.L
iShares S&P U.S. Banks		4.03%11.87%30.79%-8.55%-9.13%41.04%4.64%

Correlation

The correlation between ESIF.L and BNKS.L is 0.53, 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

0.53

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.56

Correlation (All Time)
Calculated using the full available price history since Nov 24, 2020

0.57

The correlation between ESIF.L and BNKS.L has been stable across timeframes, ranging from 0.47 to 0.57 - a consistent structural relationship.

ESIF.L vs. BNKS.L - Sectors Allocation Comparison

Sectors
ESIF.L
BNKS.L

Financial Services

96.9%
100.0%

Technology

1.0%

-

Industrials

0.4%

-

Consumer Cyclical

0.2%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Financial Services

ESIF.L
96.9%
BNKS.L
100.0%

Technology

ESIF.L
1.0%
BNKS.L

-

Industrials

ESIF.L
0.4%
BNKS.L

-

Consumer Cyclical

ESIF.L
0.2%
BNKS.L

-

Basic Materials

ESIF.L

-

BNKS.L

-

Communication Services

ESIF.L

-

BNKS.L

-

Consumer Defensive

ESIF.L

-

BNKS.L

-

Energy

ESIF.L

-

BNKS.L

-

Healthcare

ESIF.L

-

BNKS.L

-

Real Estate

ESIF.L

-

BNKS.L

-

Utilities

ESIF.L

-

BNKS.L

-

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iShares MSCI Europe Financials Sector UCITS ETF

iShares S&P U.S. Banks

Often compared with ESIF.L:
ESIF.L vs. X7PP.LESIF.L vs. BNKE.LESIF.L vs. UIFS.LESIF.L vs. IEFM.LESIF.L vs. VUKG.LESIF.L vs. SPX4.LESIF.L vs. XWFS.L
Often compared with BNKS.L:
BNKS.L vs. KBEBNKS.L vs. EXV1.DEBNKS.L vs. ZUQ.TOBNKS.L vs. ^NDXBNKS.L vs. XLFBNKS.L vs. UIFS.LBNKS.L vs. VFH

Return for Risk

ESIF.L vs. BNKS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ESIF.L
ESIF.L Risk / Return Rank: 4444
Overall Rank
ESIF.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
ESIF.L Sortino Ratio Rank: 4343
Sortino Ratio Rank
ESIF.L Omega Ratio Rank: 4242
Omega Ratio Rank
ESIF.L Calmar Ratio Rank: 4545
Calmar Ratio Rank
ESIF.L Martin Ratio Rank: 4747
Martin Ratio Rank
BNKS.L
BNKS.L Risk / Return Rank: 3636
Overall Rank
BNKS.L Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
BNKS.L Sortino Ratio Rank: 3939
Sortino Ratio Rank
BNKS.L Omega Ratio Rank: 3636
Omega Ratio Rank
BNKS.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
BNKS.L Martin Ratio Rank: 3131
Martin Ratio Rank
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.

ESIF.L vs. BNKS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L) and iShares S&P U.S. Banks (BNKS.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.

ESIF.LBNKS.LDifference
Sharpe ratioReturn per unit of total volatility
1.50
1.39

+0.11

Sortino ratioReturn per unit of downside risk
2.13
1.93

+0.20

Omega ratioGain probability vs. loss probability

1.27

1.24

+0.02

Calmar ratioReturn relative to maximum drawdown

2.20

1.85

+0.35

Martin ratioReturn relative to average drawdown

7.65

5.43

+2.22

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESIF.L vs. BNKS.L - Sharpe Ratio Comparison

The current ESIF.L Sharpe Ratio is 1.50, which is comparable to the BNKS.L Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of ESIF.L and BNKS.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.

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Sharpe Ratios by Period

ESIF.LBNKS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.50

1.39

+0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.07

0.22

+0.85

Sharpe Ratio (All Time)

Calculated using the full available price history

1.17

0.20

+0.97

Drawdowns

ESIF.L vs. BNKS.L - Drawdown Comparison

The maximum ESIF.L drawdown since its inception was -23.55%, smaller than the maximum BNKS.L drawdown of -45.87%. Use the drawdown chart below to compare losses from any high point for ESIF.L and BNKS.L.

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Drawdown Indicators

ESIF.LBNKS.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.55%

-45.87%

+22.32%

Max Drawdown (1Y)

Largest decline over 1 year

-11.68%

-15.69%

+4.01%

Max Drawdown (3Y)

Largest decline over 3 years

-14.26%

-29.89%

+15.63%

Max Drawdown (5Y)

Largest decline over 5 years

-23.55%

-45.87%

+22.32%

Current Drawdown

Current decline from peak

-1.84%

-4.17%

+2.33%

Average Drawdown

Average peak-to-trough decline

-4.12%

-15.28%

+11.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.36%

5.36%

-2.00%

Volatility

ESIF.L vs. BNKS.L - Volatility Comparison

The current volatility for iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L) is 5.32%, while iShares S&P U.S. Banks (BNKS.L) has a volatility of 6.01%. This indicates that ESIF.L experiences smaller price fluctuations and is considered to be less risky than BNKS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ESIF.LBNKS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.32%

6.01%

-0.69%

Volatility (6M)

Calculated over the trailing 6-month period

14.15%

15.81%

-1.66%

Volatility (1Y)

Calculated over the trailing 1-year period

17.09%

20.89%

-3.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.32%

26.95%

-8.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.22%

30.65%

-12.43%

ESIF.L vs. BNKS.L - Expense Ratio Comparison

ESIF.L has a 0.18% expense ratio, which is lower than BNKS.L's 0.35% expense ratio.

Dividends

ESIF.L vs. BNKS.L - Dividend Comparison

Neither ESIF.L nor BNKS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

ESIF.L and BNKS.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

ESIF.L is cheaper with a 0.18% expense ratio, compared with 0.35% for BNKS.L.

Both ETFs track MSCI World/Financials NR USD. Their fees differ too: 0.18% for ESIF.L and 0.35% for BNKS.L.

Portfolio Optimizer

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