ESIN.L vs. XLI

Last updated Jun 5, 2026

ESIN.L (iShares MSCI Europe Industrials Sector UCITS ETF EUR Acc) and XLI (Industrial Select Sector SPDR Fund) are both Industrials Equities funds - ESIN.L tracks the MSCI World/Materials NR USD while XLI tracks the Industrial Select Sector Index. Both are passively managed. Over the past 5 years, ESIN.L returned 13.02%/yr vs 13.75%/yr for XLI. At a 0.39 correlation, their price movements are largely independent. ESIN.L charges 0.18%/yr vs 0.08%/yr for XLI.

Performance

ESIN.L vs. XLI - 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 Industrial Select Sector SPDR Fund (XLI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESIN.L is traded in GBP, while XLI is traded in USD. To make them comparable, the XLI 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 lower than XLI's 14.34% 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*: —

XLI

• 1D: 1.21%
• 1M: 3.11%
• YTD: 14.34%
• 6M: 13.56%
• 1Y: 25.34%
• 3Y*: 19.41%
• 5Y*: 13.75%
• 10Y*: 14.87%

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

ESIN.L vs. XLI - 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%
XLI Industrial Select Sector SPDR Fund	14.34%	10.84%	19.36%	12.22%	5.66%	8.10%

Correlation

The correlation between ESIN.L and XLI is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.39

ESIN.L vs. XLI - Sectors Allocation Comparison

Sectors	ESIN.L	XLI
Industrials	96.1%	90.3%
Communication Services	2.2%	-
Financial Services	1.3%	-
Consumer Cyclical	1.1%	0.5%
Consumer Defensive	0.4%	-
Technology	0.3%	3.8%
Basic Materials	0.3%	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	5.2%

Return for Risk

ESIN.L vs. XLI — 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

XLI

XLI Risk / Return Rank: 45
XLI Sharpe Ratio Rank: 46
XLI Sortino Ratio Rank: 47
XLI Omega Ratio Rank: 44
XLI Calmar Ratio Rank: 41
XLI Martin Ratio Rank: 48

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. XLI - 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 Industrial Select Sector SPDR Fund (XLI). 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	XLI	Difference
Sharpe ratio: Return per unit of total volatility	0.99	1.70	-0.71
Sortino ratio: Return per unit of downside risk	1.55	2.38	-0.83
Omega ratio: Gain probability vs. loss probability	1.19	1.29	-0.10
Calmar ratio: Return relative to maximum drawdown	1.31	2.37	-1.06
Martin ratio: Return relative to average drawdown	4.64	7.96	-3.32
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. XLI - Sharpe Ratio Comparison

The current ESIN.L Sharpe Ratio is 0.99, which is lower than the XLI Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of ESIN.L and XLI, 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	XLI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	1.70	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.83	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.61	+0.11

Drawdowns

ESIN.L vs. XLI - Drawdown Comparison

The maximum ESIN.L drawdown since its inception was -24.82%, smaller than the maximum XLI drawdown of -44.95%. Use the drawdown chart below to compare losses from any high point for ESIN.L and XLI.

Drawdown Indicators

	ESIN.L	XLI	Difference
Max Drawdown Largest peak-to-trough decline	-24.82%	-44.95%	+20.13%
Max Drawdown (1Y) Largest decline over 1 year	-14.11%	-10.74%	-3.37%
Max Drawdown (3Y) Largest decline over 3 years	-16.55%	-20.26%	+3.71%
Max Drawdown (5Y) Largest decline over 5 years	-24.82%	-20.26%	-4.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.23%	—
Current Drawdown Current decline from peak	-3.57%	-1.36%	-2.21%
Average Drawdown Average peak-to-trough decline	-5.41%	-6.12%	+0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	3.19%	+0.80%

Volatility

ESIN.L vs. XLI - Volatility Comparison

iShares MSCI Europe Industrials Sector UCITS ETF EUR Acc (ESIN.L) has a higher volatility of 6.24% compared to Industrial Select Sector SPDR Fund (XLI) at 4.67%. This indicates that ESIN.L's price experiences larger fluctuations and is considered to be riskier than XLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESIN.L	XLI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.24%	4.67%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	15.70%	12.19%	+3.51%
Volatility (1Y) Calculated over the trailing 1-year period	18.73%	14.95%	+3.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.41%	16.66%	+1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	19.89%	-1.53%

ESIN.L vs. XLI - Expense Ratio Comparison

ESIN.L has a 0.18% expense ratio, which is higher than XLI's 0.08% 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. XLI - Dividend Comparison

ESIN.L has not paid dividends to shareholders, while XLI's dividend yield for the trailing twelve months is around 1.16%.

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%
XLI Industrial Select Sector SPDR Fund	1.16%	1.29%	1.44%	1.63%	1.63%	1.25%	1.55%	1.94%	2.15%	1.77%	2.07%	2.15%

Frequently Asked Questions

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

ESIN.L and XLI have a correlation of 0.42, 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 XLI?

On fees, XLI is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESIN.L or XLI?

XLI is cheaper with a 0.08% expense ratio, compared with 0.18% for ESIN.L.

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

ESIN.L tracks MSCI World/Materials NR USD, while XLI tracks Industrial Select Sector Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for ESIN.L and 0.08% for XLI.