EUFM.L vs. IPOL.L
EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) and IPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) are both exchange-traded funds - EUFM.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while IPOL.L is a Emerging Markets Equities fund tracking the MSCI Emerging - Poland in Net USD. Both are passively managed. Over the past 5 years, EUFM.L returned 9.89%/yr vs 15.31%/yr for IPOL.L. A 0.53 correlation means they provide meaningful diversification when combined. EUFM.L charges 0.34%/yr vs 0.74%/yr for IPOL.L.
Performance
EUFM.L vs. IPOL.L - Performance Comparison
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Different Trading Currencies
EUFM.L is traded in GBp, while IPOL.L is traded in USD. To make them comparable, the IPOL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUFM.L achieves a 8.36% return, which is significantly lower than IPOL.L's 14.97% return.
EUFM.L
- 1D
- 0.16%
- 1M
- -1.26%
- 6M
- 6.38%
- YTD
- 8.36%
- 1Y
- 15.44%
- 3Y*
- 15.33%
- 5Y*
- 9.89%
- 10Y*
- —
IPOL.L
- 1D
- -1.01%
- 1M
- -4.14%
- 6M
- 12.04%
- YTD
- 14.97%
- 1Y
- 30.48%
- 3Y*
- 26.74%
- 5Y*
- 15.31%
- 10Y*
- 9.34%
EUFM.L vs. IPOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc | 8.36% | 29.59% | 3.25% | 15.45% | -7.82% | 13.50% | 5.84% | 19.11% | -20.89% |
IPOL.L iShares MSCI Poland UCITS ETF USD (Acc) | 14.97% | 60.44% | -4.46% | 41.75% | -17.88% | 7.85% | -13.81% | -10.35% | 10.45% |
Correlation
The correlation between EUFM.L and IPOL.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.53 |
The correlation between EUFM.L and IPOL.L shifts across timeframes, from 0.49 (5 years) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUFM.L vs. IPOL.L — Risk / Return Rank
EUFM.L
IPOL.L
EUFM.L vs. IPOL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) and iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUFM.L | IPOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.16 | -1.73 |
| Martin ratioReturn relative to average drawdown | 5.12 | 7.17 | -2.04 |
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Drawdowns
EUFM.L vs. IPOL.L - Drawdown Comparison
The maximum EUFM.L drawdown since its inception was -34.44%, smaller than the maximum IPOL.L drawdown of -56.74%. Use the drawdown chart below to compare losses from any high point for EUFM.L and IPOL.L.
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Drawdown Indicators
| EUFM.L | IPOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.44% | -56.74% | +22.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -9.60% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -14.91% | -19.63% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | -46.45% | +25.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.74% | — |
Current DrawdownCurrent decline from peak | -1.97% | -4.14% | +2.17% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -21.55% | +13.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 4.24% | -1.28% |
Volatility
EUFM.L vs. IPOL.L - Volatility Comparison
The current volatility for UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) is 3.26%, while iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.L) has a volatility of 5.06%. This indicates that EUFM.L experiences smaller price fluctuations and is considered to be less risky than IPOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUFM.L | IPOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 5.06% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.71% | 18.08% | -7.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 23.64% | -11.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 27.89% | -9.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 25.84% | -7.46% |
EUFM.L vs. IPOL.L - Expense Ratio Comparison
EUFM.L has a 0.34% expense ratio, which is lower than IPOL.L's 0.74% expense ratio.
Dividends
EUFM.L vs. IPOL.L - Dividend Comparison
Neither EUFM.L nor IPOL.L has paid dividends to shareholders.
Frequently Asked Questions
EUFM.L and IPOL.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUFM.L is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUFM.L is cheaper with a 0.34% expense ratio, compared with 0.74% for IPOL.L.
EUFM.L is categorized as Europe Equities, while IPOL.L is Emerging Markets Equities. EUFM.L tracks MSCI EMU NR EUR, while IPOL.L tracks MSCI Emerging - Poland in Net USD. They also come from different issuers: UBS and iShares. Their fees differ too: 0.34% for EUFM.L and 0.74% for IPOL.L.
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