ESIN.L vs. IEUR

Last updated Jun 5, 2026

ESIN.L (iShares MSCI Europe Industrials Sector UCITS ETF EUR Acc) and IEUR (iShares Core MSCI Europe ETF) are both exchange-traded funds - ESIN.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD, while IEUR is a Europe Equities fund tracking the MSCI Europe Investable Market Index. Both are passively managed. Over the past 5 years, ESIN.L returned 13.02%/yr vs 9.46%/yr for IEUR. A 0.66 correlation means they provide meaningful diversification when combined. ESIN.L charges 0.18%/yr vs 0.09%/yr for IEUR.

Performance

ESIN.L vs. IEUR - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe Industrials Sector UCITS ETF EUR Acc (ESIN.L) and iShares Core MSCI Europe ETF (IEUR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, ESIN.L achieves a 7.95% return, which is significantly higher than IEUR's 7.34% return.

ESIN.L

• 1D: 0.70%
• 1M: 0.61%
• YTD: 7.95%
• 6M: 10.12%
• 1Y: 18.56%
• 3Y*: 19.65%
• 5Y*: 13.02%
• 10Y*: —

IEUR

• 1D: 1.20%
• 1M: 3.34%
• YTD: 7.34%
• 6M: 9.16%
• 1Y: 19.25%
• 3Y*: 13.90%
• 5Y*: 9.46%
• 10Y*: 10.07%

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

ESIN.L vs. IEUR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ESIN.L iShares MSCI Europe Industrials Sector UCITS ETF EUR Acc	7.95%	31.04%	9.74%	24.40%	-11.34%	9.01%
IEUR iShares Core MSCI Europe ETF	7.34%	26.01%	3.17%	13.72%	-5.90%	6.26%

Correlation

The correlation between ESIN.L and IEUR is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.66

The correlation between ESIN.L and IEUR has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

ESIN.L vs. IEUR - Sectors Allocation Comparison

Sectors	ESIN.L	IEUR
Industrials	96.1%	20.4%
Communication Services	2.2%	3.8%
Financial Services	1.3%	22.5%
Consumer Cyclical	1.1%	6.9%
Consumer Defensive	0.4%	8.0%
Technology	0.3%	8.4%
Basic Materials	0.3%	5.8%
Energy	-	5.3%
Healthcare	-	12.5%
Real Estate	-	1.6%
Utilities	-	4.8%

Return for Risk

ESIN.L vs. IEUR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESIN.L

ESIN.L Risk / Return Rank: 29
ESIN.L Sharpe Ratio Rank: 28
ESIN.L Sortino Ratio Rank: 29
ESIN.L Omega Ratio Rank: 29
ESIN.L Calmar Ratio Rank: 27
ESIN.L Martin Ratio Rank: 32

IEUR

IEUR Risk / Return Rank: 33
IEUR Sharpe Ratio Rank: 34
IEUR Sortino Ratio Rank: 33
IEUR Omega Ratio Rank: 32
IEUR Calmar Ratio Rank: 31
IEUR Martin Ratio Rank: 37

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.

ESIN.L vs. IEUR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Industrials Sector UCITS ETF EUR Acc (ESIN.L) and iShares Core MSCI Europe ETF (IEUR). 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.

	ESIN.L	IEUR	Difference
Sharpe ratio: Return per unit of total volatility	0.99	1.52	-0.53
Sortino ratio: Return per unit of downside risk	1.55	2.18	-0.63
Omega ratio: Gain probability vs. loss probability	1.19	1.28	-0.09
Calmar ratio: Return relative to maximum drawdown	1.31	1.75	-0.44
Martin ratio: Return relative to average drawdown	4.64	6.88	-2.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESIN.L vs. IEUR - Sharpe Ratio Comparison

The current ESIN.L Sharpe Ratio is 0.99, which is lower than the IEUR Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of ESIN.L and IEUR, 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

	ESIN.L	IEUR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	1.52	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.67	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.53	+0.19

Drawdowns

ESIN.L vs. IEUR - Drawdown Comparison

The maximum ESIN.L drawdown since its inception was -24.82%, smaller than the maximum IEUR drawdown of -30.58%. Use the drawdown chart below to compare losses from any high point for ESIN.L and IEUR.

Drawdown Indicators

	ESIN.L	IEUR	Difference
Max Drawdown Largest peak-to-trough decline	-24.82%	-30.58%	+5.76%
Max Drawdown (1Y) Largest decline over 1 year	-14.11%	-11.06%	-3.05%
Max Drawdown (3Y) Largest decline over 3 years	-16.55%	-13.06%	-3.49%
Max Drawdown (5Y) Largest decline over 5 years	-24.82%	-17.67%	-7.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.58%	—
Current Drawdown Current decline from peak	-3.57%	-0.59%	-2.98%
Average Drawdown Average peak-to-trough decline	-5.41%	-4.42%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	2.80%	+1.19%

Volatility

ESIN.L vs. IEUR - Volatility Comparison

iShares MSCI Europe Industrials Sector UCITS ETF EUR Acc (ESIN.L) has a higher volatility of 6.24% compared to iShares Core MSCI Europe ETF (IEUR) at 4.48%. This indicates that ESIN.L's price experiences larger fluctuations and is considered to be riskier than IEUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESIN.L	IEUR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.24%	4.48%	+1.76%
Volatility (6M) Calculated over the trailing 6-month period	15.70%	10.69%	+5.01%
Volatility (1Y) Calculated over the trailing 1-year period	18.73%	12.71%	+6.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.41%	14.17%	+4.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	16.30%	+2.06%

ESIN.L vs. IEUR - Expense Ratio Comparison

ESIN.L has a 0.18% expense ratio, which is higher than IEUR's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ESIN.L vs. IEUR - Dividend Comparison

ESIN.L has not paid dividends to shareholders, while IEUR's dividend yield for the trailing twelve months is around 2.78%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESIN.L iShares MSCI Europe Industrials Sector UCITS ETF EUR Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IEUR iShares Core MSCI Europe ETF	2.78%	2.97%	3.54%	3.17%	3.05%	2.88%	2.13%	3.26%	3.76%	2.64%	3.19%	2.79%

Frequently Asked Questions

Can I hold both ESIN.L and IEUR in my portfolio?

ESIN.L and IEUR have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESIN.L or IEUR?

On fees, IEUR is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESIN.L or IEUR?

IEUR is cheaper with a 0.09% expense ratio, compared with 0.18% for ESIN.L.

What is the main difference between ESIN.L and IEUR?

ESIN.L is categorized as Industrials Equities, while IEUR is Europe Equities. ESIN.L tracks MSCI World/Materials NR USD, while IEUR tracks MSCI Europe Investable Market Index. Their fees differ too: 0.18% for ESIN.L and 0.09% for IEUR.