FSEU.L vs. SMEA.L
Compare and contrast key facts about iShares Edge MSCI Europe Multifactor UCITS (FSEU.L) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L).
FSEU.L and SMEA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FSEU.L is a passively managed fund by iShares that tracks the performance of the MSCI Europe NR EUR. It was launched on Sep 4, 2015. SMEA.L is a passively managed fund by iShares that tracks the performance of the MSCI Europe NR EUR. It was launched on Sep 25, 2009. Both FSEU.L and SMEA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FSEU.L vs. SMEA.L - Performance Comparison
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FSEU.L vs. SMEA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSEU.L iShares Edge MSCI Europe Multifactor UCITS | 4.35% | 27.11% | 9.24% | 16.69% | -10.53% | 18.42% | 5.03% | 18.30% | -10.14% | 16.67% |
SMEA.L iShares Core MSCI Europe UCITS ETF EUR (Acc) | 1.44% | 25.88% | 3.68% | 13.36% | -3.48% | 16.94% | 2.44% | 19.63% | -9.48% | 14.91% |
Returns By Period
In the year-to-date period, FSEU.L achieves a 4.35% return, which is significantly higher than SMEA.L's 1.44% return. Over the past 10 years, FSEU.L has outperformed SMEA.L with an annualized return of 10.50%, while SMEA.L has yielded a comparatively lower 9.92% annualized return.
FSEU.L
- 1D
- 2.45%
- 1M
- -2.52%
- YTD
- 4.35%
- 6M
- 10.75%
- 1Y
- 23.22%
- 3Y*
- 16.00%
- 5Y*
- 11.51%
- 10Y*
- 10.50%
SMEA.L
- 1D
- 2.37%
- 1M
- -4.04%
- YTD
- 1.44%
- 6M
- 6.66%
- 1Y
- 18.39%
- 3Y*
- 11.90%
- 5Y*
- 10.40%
- 10Y*
- 9.92%
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FSEU.L vs. SMEA.L - Expense Ratio Comparison
FSEU.L has a 0.45% expense ratio, which is higher than SMEA.L's 0.12% expense ratio.
Return for Risk
FSEU.L vs. SMEA.L — Risk / Return Rank
FSEU.L
SMEA.L
FSEU.L vs. SMEA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Multifactor UCITS (FSEU.L) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.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.
| FSEU.L | SMEA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 1.37 | +0.35 |
Sortino ratioReturn per unit of downside risk | 2.26 | 1.82 | +0.44 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.27 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.80 | +0.99 |
Martin ratioReturn relative to average drawdown | 10.07 | 6.95 | +3.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSEU.L | SMEA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.37 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.77 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.68 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.58 | +0.14 |
Correlation
The correlation between FSEU.L and SMEA.L is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FSEU.L vs. SMEA.L - Dividend Comparison
Neither FSEU.L nor SMEA.L has paid dividends to shareholders.
Drawdowns
FSEU.L vs. SMEA.L - Drawdown Comparison
The maximum FSEU.L drawdown since its inception was -29.40%, roughly equal to the maximum SMEA.L drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for FSEU.L and SMEA.L.
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Drawdown Indicators
| FSEU.L | SMEA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.40% | -28.48% | -0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -10.56% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | -15.76% | -4.57% |
Max Drawdown (10Y)Largest decline over 10 years | -29.40% | -28.48% | -0.92% |
Current DrawdownCurrent decline from peak | -4.32% | -6.14% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -4.56% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.73% | -0.36% |
Volatility
FSEU.L vs. SMEA.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Multifactor UCITS (FSEU.L) is 5.48%, while iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L) has a volatility of 5.82%. This indicates that FSEU.L experiences smaller price fluctuations and is considered to be less risky than SMEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSEU.L | SMEA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 5.82% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.06% | 9.12% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 13.39% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.61% | 13.57% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 15.01% | -0.40% |