EUE.L vs. SX5S.L

Last updated Jun 5, 2026

EUE.L (iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)) and SX5S.L (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds tracking the MSCI EMU NR EUR, from iShares and Invesco respectively. Both are passively managed. Over the past 10 years, EUE.L returned 11.61%/yr vs 11.41%/yr for SX5S.L. Their correlation of 0.83 suggests significant overlap in exposure. EUE.L charges 0.10%/yr vs 0.05%/yr for SX5S.L.

Performance

EUE.L vs. SX5S.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) and Invesco EURO STOXX 50 UCITS ETF (SX5S.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EUE.L having a 6.60% return and SX5S.L slightly lower at 6.46%. Both investments have delivered pretty close results over the past 10 years, with EUE.L having a 11.61% annualized return and SX5S.L not far behind at 11.41%.

EUE.L

• 1D: 0.97%
• 1M: 4.94%
• YTD: 6.60%
• 6M: 7.73%
• 1Y: 19.02%
• 3Y*: 15.72%
• 5Y*: 11.67%
• 10Y*: 11.61%

SX5S.L

• 1D: 0.35%
• 1M: 4.85%
• YTD: 6.46%
• 6M: 7.51%
• 1Y: 18.61%
• 3Y*: 15.51%
• 5Y*: 11.51%
• 10Y*: 11.41%

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

EUE.L vs. SX5S.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUE.L iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)	6.60%	27.87%	6.16%	20.16%	-3.39%	15.38%	3.14%	21.68%	-10.63%	14.51%
SX5S.L Invesco EURO STOXX 50 UCITS ETF	6.46%	27.68%	6.13%	19.91%	-3.67%	14.48%	2.12%	23.51%	-10.62%	14.35%

Correlation

The correlation between EUE.L and SX5S.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 8, 2014	0.83

The correlation between EUE.L and SX5S.L shifts across timeframes, from 0.83 (all time) to 0.98 (1 year), reflecting how their relationship changes across market environments.

EUE.L vs. SX5S.L - Sectors Allocation Comparison

Sectors	EUE.L	SX5S.L
Financial Services	25.0%	25.1%
Industrials	21.7%	22.1%
Technology	17.6%	16.1%
Consumer Cyclical	9.8%	9.8%
Consumer Defensive	5.5%	5.5%
Healthcare	5.2%	5.4%
Energy	4.8%	5.2%
Utilities	4.5%	4.8%
Basic Materials	3.5%	3.7%
Communication Services	2.4%	2.3%
Real Estate	-	-

Return for Risk

EUE.L vs. SX5S.L — Risk / Return Rank

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

EUE.L

EUE.L Risk / Return Rank: 35
EUE.L Sharpe Ratio Rank: 35
EUE.L Sortino Ratio Rank: 37
EUE.L Omega Ratio Rank: 35
EUE.L Calmar Ratio Rank: 34
EUE.L Martin Ratio Rank: 36

SX5S.L

SX5S.L Risk / Return Rank: 35
SX5S.L Sharpe Ratio Rank: 35
SX5S.L Sortino Ratio Rank: 35
SX5S.L Omega Ratio Rank: 35
SX5S.L Calmar Ratio Rank: 34
SX5S.L Martin Ratio Rank: 36

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.

EUE.L vs. SX5S.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) and Invesco EURO STOXX 50 UCITS ETF (SX5S.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.

	EUE.L	SX5S.L	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.23	+0.02
Sortino ratio: Return per unit of downside risk	1.87	1.83	+0.05
Omega ratio: Gain probability vs. loss probability	1.23	1.23	0.00
Calmar ratio: Return relative to maximum drawdown	1.64	1.62	+0.02
Martin ratio: Return relative to average drawdown	5.51	5.40	+0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUE.L vs. SX5S.L - Sharpe Ratio Comparison

The current EUE.L Sharpe Ratio is 1.25, which is comparable to the SX5S.L Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of EUE.L and SX5S.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

	EUE.L	SX5S.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.23	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.69	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.73	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.59	-0.32

Drawdowns

EUE.L vs. SX5S.L - Drawdown Comparison

The maximum EUE.L drawdown since its inception was -48.69%, which is greater than SX5S.L's maximum drawdown of -32.54%. Use the drawdown chart below to compare losses from any high point for EUE.L and SX5S.L.

Drawdown Indicators

	EUE.L	SX5S.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.69%	-32.54%	-16.15%
Max Drawdown (1Y) Largest decline over 1 year	-11.53%	-11.43%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	-14.41%	-13.85%	-0.56%
Max Drawdown (5Y) Largest decline over 5 years	-21.94%	-21.71%	-0.23%
Max Drawdown (10Y) Largest decline over 10 years	-31.97%	-32.54%	+0.57%
Current Drawdown Current decline from peak	-0.49%	-0.57%	+0.08%
Average Drawdown Average peak-to-trough decline	-11.17%	-5.44%	-5.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	3.44%	0.00%

Volatility

EUE.L vs. SX5S.L - Volatility Comparison

iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) and Invesco EURO STOXX 50 UCITS ETF (SX5S.L) have volatilities of 4.95% and 4.90%, 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.

Volatility by Period

	EUE.L	SX5S.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	4.90%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	12.42%	12.23%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	15.21%	15.09%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	17.62%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	19.88%	-1.97%

EUE.L vs. SX5S.L - Expense Ratio Comparison

EUE.L has a 0.10% expense ratio, which is higher than SX5S.L's 0.05% 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

EUE.L vs. SX5S.L - Dividend Comparison

EUE.L's dividend yield for the trailing twelve months is around 2.55%, while SX5S.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUE.L iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)	2.55%	2.46%	3.09%	3.00%	2.79%	2.10%	2.13%	3.20%	3.64%	2.84%	3.32%	2.85%
SX5S.L Invesco EURO STOXX 50 UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUE.L and SX5S.L in my portfolio?

With a correlation of 0.98, EUE.L and SX5S.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, EUE.L or SX5S.L?

On fees, SX5S.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUE.L or SX5S.L?

SX5S.L is cheaper with a 0.05% expense ratio, compared with 0.10% for EUE.L.

What is the main difference between EUE.L and SX5S.L?

Both ETFs track MSCI EMU NR EUR. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.10% for EUE.L and 0.05% for SX5S.L.