ESIS.L vs. MLPS.L

Last updated Jun 5, 2026

ESIS.L (iShares MSCI Europe Consumer Staples Sector UCITS ETF EUR (Acc)) and MLPS.L (Invesco Morningstar US Energy Infrastructure MLP UCITS ETF) are both exchange-traded funds - ESIS.L is a Consumer Staples Equities fund tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while MLPS.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 5 years, ESIS.L returned 0.80%/yr vs 18.55%/yr for MLPS.L. At a 0.11 correlation, their price movements are largely independent. ESIS.L charges 0.18%/yr vs 0.50%/yr for MLPS.L.

Performance

ESIS.L vs. MLPS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe Consumer Staples Sector UCITS ETF EUR (Acc) (ESIS.L) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, ESIS.L achieves a -2.90% return, which is significantly lower than MLPS.L's 19.25% return.

ESIS.L

• 1D: -0.53%
• 1M: -0.85%
• YTD: -2.90%
• 6M: -2.91%
• 1Y: -2.62%
• 3Y*: -0.37%
• 5Y*: 0.80%
• 10Y*: —

MLPS.L

• 1D: -0.63%
• 1M: 0.78%
• YTD: 19.25%
• 6M: 13.78%
• 1Y: 16.79%
• 3Y*: 15.85%
• 5Y*: 18.55%
• 10Y*: 7.75%

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

ESIS.L vs. MLPS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESIS.L iShares MSCI Europe Consumer Staples Sector UCITS ETF EUR (Acc)	-2.90%	12.15%	-6.75%	-1.03%	-2.95%	12.22%	2.78%
MLPS.L Invesco Morningstar US Energy Infrastructure MLP UCITS ETF	19.25%	-4.86%	24.76%	13.41%	47.61%	38.07%	-5.81%

Correlation

The correlation between ESIS.L and MLPS.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020	0.11

ESIS.L vs. MLPS.L - Sectors Allocation Comparison

Sectors	ESIS.L	MLPS.L
Consumer Defensive	99.2%	-
Consumer Cyclical	0.8%	-
Basic Materials	-	-
Communication Services	-	-
Energy	-	96.7%
Financial Services	-	-
Healthcare	-	-
Industrials	-	0.2%
Real Estate	-	-
Technology	-	-
Utilities	-	3.2%

Return for Risk

ESIS.L vs. MLPS.L — Risk / Return Rank

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

ESIS.L

ESIS.L Risk / Return Rank: 7
ESIS.L Sharpe Ratio Rank: 7
ESIS.L Sortino Ratio Rank: 7
ESIS.L Omega Ratio Rank: 7
ESIS.L Calmar Ratio Rank: 7
ESIS.L Martin Ratio Rank: 7

MLPS.L

MLPS.L Risk / Return Rank: 32
MLPS.L Sharpe Ratio Rank: 31
MLPS.L Sortino Ratio Rank: 29
MLPS.L Omega Ratio Rank: 29
MLPS.L Calmar Ratio Rank: 38
MLPS.L Martin Ratio Rank: 32

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.

ESIS.L vs. MLPS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Consumer Staples Sector UCITS ETF EUR (Acc) (ESIS.L) and Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.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.

	ESIS.L	MLPS.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	1.05	-1.24
Sortino ratio: Return per unit of downside risk	-0.18	1.49	-1.66
Omega ratio: Gain probability vs. loss probability	0.98	1.18	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.19	1.78	-1.97
Martin ratio: Return relative to average drawdown	-0.43	4.21	-4.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESIS.L vs. MLPS.L - Sharpe Ratio Comparison

The current ESIS.L Sharpe Ratio is -0.19, which is lower than the MLPS.L Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of ESIS.L and MLPS.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.

Sharpe Ratios by Period

	ESIS.L	MLPS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	1.05	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.91	-0.85
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.19	-0.02

Drawdowns

ESIS.L vs. MLPS.L - Drawdown Comparison

The maximum ESIS.L drawdown since its inception was -17.71%, smaller than the maximum MLPS.L drawdown of -75.44%. Use the drawdown chart below to compare losses from any high point for ESIS.L and MLPS.L.

Drawdown Indicators

	ESIS.L	MLPS.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.71%	-75.44%	+57.73%
Max Drawdown (1Y) Largest decline over 1 year	-13.78%	-9.40%	-4.38%
Max Drawdown (3Y) Largest decline over 3 years	-13.78%	-19.29%	+5.51%
Max Drawdown (5Y) Largest decline over 5 years	-17.71%	-19.29%	+1.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-73.86%	—
Current Drawdown Current decline from peak	-12.86%	-3.41%	-9.45%
Average Drawdown Average peak-to-trough decline	-7.44%	-20.16%	+12.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.04%	3.98%	+2.06%

Volatility

ESIS.L vs. MLPS.L - Volatility Comparison

The current volatility for iShares MSCI Europe Consumer Staples Sector UCITS ETF EUR (Acc) (ESIS.L) is 4.54%, while Invesco Morningstar US Energy Infrastructure MLP UCITS ETF (MLPS.L) has a volatility of 6.04%. This indicates that ESIS.L experiences smaller price fluctuations and is considered to be less risky than MLPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESIS.L	MLPS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	6.04%	-1.50%
Volatility (6M) Calculated over the trailing 6-month period	11.16%	12.20%	-1.04%
Volatility (1Y) Calculated over the trailing 1-year period	13.58%	15.92%	-2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.66%	20.28%	-7.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.67%	28.33%	-15.66%

ESIS.L vs. MLPS.L - Expense Ratio Comparison

ESIS.L has a 0.18% expense ratio, which is lower than MLPS.L's 0.50% expense ratio.

Dividends

ESIS.L vs. MLPS.L - Dividend Comparison

Neither ESIS.L nor MLPS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESIS.L and MLPS.L in my portfolio?

ESIS.L and MLPS.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESIS.L or MLPS.L?

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

Which ETF is cheaper, ESIS.L or MLPS.L?

ESIS.L is cheaper with a 0.18% expense ratio, compared with 0.50% for MLPS.L.

What is the main difference between ESIS.L and MLPS.L?

ESIS.L is categorized as Consumer Staples Equities, while MLPS.L is Energy Equities. ESIS.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while MLPS.L tracks MSCI World/Energy NR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for ESIS.L and 0.50% for MLPS.L.