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FSEU.L vs. XUKX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FSEU.L vs. XUKX.L

Last updated Jun 5, 2026

FSEU.L (iShares Edge MSCI Europe Multifactor UCITS) and XUKX.L (Xtrackers FTSE 100 UCITS ETF Income 1D) are both Europe Equities funds - FSEU.L tracks the MSCI Europe NR EUR while XUKX.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, FSEU.L returned 10.82%/yr vs 4.48%/yr for XUKX.L. Their correlation of 0.80 suggests significant overlap in exposure. FSEU.L charges 0.45%/yr vs 0.09%/yr for XUKX.L.

Performance

FSEU.L vs. XUKX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI Europe Multifactor UCITS (FSEU.L) and Xtrackers FTSE 100 UCITS ETF Income 1D (XUKX.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FSEU.L achieves a 9.29% return, which is significantly higher than XUKX.L's 4.28% return. Over the past 10 years, FSEU.L has outperformed XUKX.L with an annualized return of 10.82%, while XUKX.L has yielded a comparatively lower 4.48% annualized return.

FSEU.L

1D
0.52%
1M
1.83%
YTD
9.29%
6M
12.30%
1Y
23.28%
3Y*
18.33%
5Y*
10.74%
10Y*
10.82%

XUKX.L

1D
0.26%
1M
0.81%
YTD
4.28%
6M
6.50%
1Y
17.32%
3Y*
10.30%
5Y*
7.35%
10Y*
4.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FSEU.L vs. XUKX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FSEU.L
iShares Edge MSCI Europe Multifactor UCITS		9.29%27.11%9.24%16.69%-10.53%18.42%5.03%18.30%-10.14%16.67%
XUKX.L
Xtrackers FTSE 100 UCITS ETF Income 1D		4.28%22.37%4.09%3.60%-2.09%14.55%-17.78%12.73%-12.82%6.99%

Correlation

The correlation between FSEU.L and XUKX.L is 0.75, 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

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.76

Correlation (5Y)
Calculated over the trailing 5-year period

0.77

Correlation (10Y)
Calculated over the trailing 10-year period

0.80

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2015

0.80

The correlation between FSEU.L and XUKX.L has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

FSEU.L vs. XUKX.L - Sectors Allocation Comparison

Sectors
FSEU.L
XUKX.L

Financial Services

28.0%
26.4%

Industrials

17.7%
13.0%

Healthcare

11.5%
12.9%

Technology

8.4%
0.3%

Consumer Defensive

8.2%
13.6%

Consumer Cyclical

6.2%
4.5%

Energy

5.8%
10.5%

Communication Services

5.4%
2.3%

Utilities

5.4%
4.9%

Basic Materials

2.1%
8.6%

Real Estate

1.3%
1.0%

Financial Services

FSEU.L
28.0%
XUKX.L
26.4%

Industrials

FSEU.L
17.7%
XUKX.L
13.0%

Healthcare

FSEU.L
11.5%
XUKX.L
12.9%

Technology

FSEU.L
8.4%
XUKX.L
0.3%

Consumer Defensive

FSEU.L
8.2%
XUKX.L
13.6%

Consumer Cyclical

FSEU.L
6.2%
XUKX.L
4.5%

Energy

FSEU.L
5.8%
XUKX.L
10.5%

Communication Services

FSEU.L
5.4%
XUKX.L
2.3%

Utilities

FSEU.L
5.4%
XUKX.L
4.9%

Basic Materials

FSEU.L
2.1%
XUKX.L
8.6%

Real Estate

FSEU.L
1.3%
XUKX.L
1.0%

Compare stocks, funds, or ETFs

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iShares Edge MSCI Europe Multifactor UCITS

Xtrackers FTSE 100 UCITS ETF Income 1D

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FSEU.L vs. BIAHXFSEU.L vs. VHYL.ASFSEU.L vs. SMEA.LFSEU.L vs. GOOGFSEU.L vs. XDEQ.LFSEU.L vs. CS1.LFSEU.L vs. CNDX.L
Often compared with XUKX.L:
XUKX.L vs. VUKE.LXUKX.L vs. DHSXUKX.L vs. CUKX.LXUKX.L vs. VUKG.LXUKX.L vs. DGRWXUKX.L vs. VHYL.ASXUKX.L vs. S100.L

Return for Risk

FSEU.L vs. XUKX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FSEU.L
FSEU.L Risk / Return Rank: 6060
Overall Rank
FSEU.L Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
FSEU.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
FSEU.L Omega Ratio Rank: 6363
Omega Ratio Rank
FSEU.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
FSEU.L Martin Ratio Rank: 5858
Martin Ratio Rank
XUKX.L
XUKX.L Risk / Return Rank: 4444
Overall Rank
XUKX.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
XUKX.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
XUKX.L Omega Ratio Rank: 4747
Omega Ratio Rank
XUKX.L Calmar Ratio Rank: 4040
Calmar Ratio Rank
XUKX.L Martin Ratio Rank: 4040
Martin Ratio Rank
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.

FSEU.L vs. XUKX.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 Xtrackers FTSE 100 UCITS ETF Income 1D (XUKX.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.LXUKX.LDifference
Sharpe ratioReturn per unit of total volatility
2.01
1.59

+0.42

Sortino ratioReturn per unit of downside risk
2.80
2.23

+0.58

Omega ratioGain probability vs. loss probability

1.38

1.29

+0.08

Calmar ratioReturn relative to maximum drawdown

2.70

1.97

+0.73

Martin ratioReturn relative to average drawdown

10.05

6.29

+3.76

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSEU.L vs. XUKX.L - Sharpe Ratio Comparison

The current FSEU.L Sharpe Ratio is 2.01, which is comparable to the XUKX.L Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FSEU.L and XUKX.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.

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Sharpe Ratios by Period

FSEU.LXUKX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.01

1.59

+0.42

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.79

0.57

+0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

0.29

+0.45

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.12

+0.62

Drawdowns

FSEU.L vs. XUKX.L - Drawdown Comparison

The maximum FSEU.L drawdown since its inception was -29.40%, smaller than the maximum XUKX.L drawdown of -46.73%. Use the drawdown chart below to compare losses from any high point for FSEU.L and XUKX.L.

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Drawdown Indicators

FSEU.LXUKX.LDifference

Max Drawdown

Largest peak-to-trough decline

-29.40%

-46.73%

+17.33%

Max Drawdown (1Y)

Largest decline over 1 year

-8.57%

-8.79%

+0.22%

Max Drawdown (3Y)

Largest decline over 3 years

-12.08%

-13.13%

+1.05%

Max Drawdown (5Y)

Largest decline over 5 years

-20.33%

-14.42%

-5.91%

Max Drawdown (10Y)

Largest decline over 10 years

-29.40%

-35.37%

+5.97%

Current Drawdown

Current decline from peak

-0.47%

-4.97%

+4.50%

Average Drawdown

Average peak-to-trough decline

-4.14%

-10.43%

+6.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.31%

2.75%

-0.44%

Volatility

FSEU.L vs. XUKX.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Multifactor UCITS (FSEU.L) is 3.39%, while Xtrackers FTSE 100 UCITS ETF Income 1D (XUKX.L) has a volatility of 3.95%. This indicates that FSEU.L experiences smaller price fluctuations and is considered to be less risky than XUKX.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.LXUKX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.39%

3.95%

-0.56%

Volatility (6M)

Calculated over the trailing 6-month period

9.41%

9.45%

-0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

11.53%

10.93%

+0.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.57%

13.11%

+0.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.65%

15.60%

-0.95%

FSEU.L vs. XUKX.L - Expense Ratio Comparison

FSEU.L has a 0.45% expense ratio, which is higher than XUKX.L's 0.09% expense ratio.

Dividends

FSEU.L vs. XUKX.L - Dividend Comparison

FSEU.L has not paid dividends to shareholders, while XUKX.L's dividend yield for the trailing twelve months is around 0.03%.

PositionTTM20252024202320222021202020192018201720162015
FSEU.L
iShares Edge MSCI Europe Multifactor UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XUKX.L
Xtrackers FTSE 100 UCITS ETF Income 1D		0.03%0.03%0.05%0.04%0.07%0.03%0.06%0.04%0.05%0.04%0.03%0.00%

Frequently Asked Questions

FSEU.L and XUKX.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XUKX.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUKX.L is cheaper with a 0.09% expense ratio, compared with 0.45% for FSEU.L.

FSEU.L tracks MSCI Europe NR EUR, while XUKX.L tracks FTSE AllSh TR GBP. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.45% for FSEU.L and 0.09% for XUKX.L.

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