Correlation
The correlation between ESIF.L and IEFM.L is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
ESIF.L vs. IEFM.L
Compare and contrast key facts about iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L).
ESIF.L and IEFM.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESIF.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Financials NR USD. It was launched on Nov 18, 2020. IEFM.L is a passively managed fund by iShares that tracks the performance of the MSCI Europe Growth NR EUR. It was launched on Jan 16, 2015. Both ESIF.L and IEFM.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESIF.L or IEFM.L.
Performance
ESIF.L vs. IEFM.L - Performance Comparison
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Key characteristics
ESIF.L:
1.84
IEFM.L:
0.98
ESIF.L:
2.34
IEFM.L:
1.39
ESIF.L:
1.34
IEFM.L:
1.18
ESIF.L:
2.19
IEFM.L:
1.21
ESIF.L:
11.11
IEFM.L:
5.33
ESIF.L:
2.82%
IEFM.L:
2.93%
ESIF.L:
17.09%
IEFM.L:
15.92%
ESIF.L:
-23.55%
IEFM.L:
-23.88%
ESIF.L:
-2.20%
IEFM.L:
-1.80%
Returns By Period
In the year-to-date period, ESIF.L achieves a 25.01% return, which is significantly higher than IEFM.L's 16.00% return.
ESIF.L
25.01%
4.28%
26.43%
31.29%
24.11%
N/A
N/A
IEFM.L
16.00%
4.63%
15.37%
15.61%
15.44%
12.13%
10.42%
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ESIF.L vs. IEFM.L - Expense Ratio Comparison
ESIF.L has a 0.18% expense ratio, which is lower than IEFM.L's 0.25% 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%.
Risk-Adjusted Performance
ESIF.L vs. IEFM.L — Risk-Adjusted Performance Rank
ESIF.L
IEFM.L
ESIF.L vs. IEFM.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.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.
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Dividends
ESIF.L vs. IEFM.L - Dividend Comparison
Neither ESIF.L nor IEFM.L has paid dividends to shareholders.
Drawdowns
ESIF.L vs. IEFM.L - Drawdown Comparison
The maximum ESIF.L drawdown since its inception was -23.55%, roughly equal to the maximum IEFM.L drawdown of -23.88%. Use the drawdown chart below to compare losses from any high point for ESIF.L and IEFM.L.
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Volatility
ESIF.L vs. IEFM.L - Volatility Comparison
iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) have volatilities of 3.06% and 2.94%, 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.
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