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IAEX.AS vs. ISF.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAEX.AS vs. ISF.L

Last updated Jun 4, 2026

IAEX.AS (iShares AEX UCITS ETF) and ISF.L (iShares Core FTSE 100 UCITS ETF (Dist)) are both Europe Equities funds from iShares - IAEX.AS tracks the Euronext AEX All Share TR EUR while ISF.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, IAEX.AS returned 11.39%/yr vs 8.07%/yr for ISF.L. A 0.78 correlation means they provide meaningful diversification when combined. IAEX.AS charges 0.30%/yr vs 0.07%/yr for ISF.L.

Performance

IAEX.AS vs. ISF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares AEX UCITS ETF (IAEX.AS) and iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IAEX.AS is traded in EUR, while ISF.L is traded in GBp. To make them comparable, the ISF.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IAEX.AS achieves a 11.34% return, which is significantly higher than ISF.L's 6.88% return. Over the past 10 years, IAEX.AS has outperformed ISF.L with an annualized return of 11.39%, while ISF.L has yielded a comparatively lower 8.07% annualized return.

IAEX.AS

1D
-0.40%
1M
4.61%
YTD
11.34%
6M
11.29%
1Y
15.87%
3Y*
13.39%
5Y*
10.04%
10Y*
11.39%

ISF.L

1D
0.00%
1M
1.37%
YTD
6.88%
6M
9.38%
1Y
17.93%
3Y*
14.64%
5Y*
11.69%
10Y*
8.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAEX.AS vs. ISF.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IAEX.AS
iShares AEX UCITS ETF		11.34%10.37%14.23%16.75%-12.11%30.21%4.78%27.67%-8.03%15.97%
ISF.L
iShares Core FTSE 100 UCITS ETF (Dist)		6.88%19.40%14.55%10.09%-0.57%25.34%-16.47%24.56%-10.08%8.64%

Correlation

The correlation between IAEX.AS and ISF.L is 0.69, 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

0.69

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

0.69

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

0.71

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

0.75

Correlation (All Time)
Calculated using the full available price history since Aug 27, 2007

0.78

The correlation between IAEX.AS and ISF.L has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares AEX UCITS ETF

iShares Core FTSE 100 UCITS ETF (Dist)

Often compared with IAEX.AS:
IAEX.AS vs. VMID.DEIAEX.AS vs. VOOIAEX.AS vs. VUSA.ASIAEX.AS vs. ^FCHIIAEX.AS vs. CSPX.ASIAEX.AS vs. ^NDXIAEX.AS vs. SLV
Often compared with ISF.L:
ISF.L vs. VUKE.LISF.L vs. HUKX.LISF.L vs. UKDV.LISF.L vs. XDAX.LISF.L vs. VUSA.ASISF.L vs. VOOISF.L vs. FEUI.L

Return for Risk

IAEX.AS vs. ISF.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAEX.AS
IAEX.AS Risk / Return Rank: 3636
Overall Rank
IAEX.AS Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
IAEX.AS Sortino Ratio Rank: 3232
Sortino Ratio Rank
IAEX.AS Omega Ratio Rank: 3131
Omega Ratio Rank
IAEX.AS Calmar Ratio Rank: 4848
Calmar Ratio Rank
IAEX.AS Martin Ratio Rank: 3737
Martin Ratio Rank
ISF.L
ISF.L Risk / Return Rank: 5656
Overall Rank
ISF.L Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
ISF.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
ISF.L Omega Ratio Rank: 6262
Omega Ratio Rank
ISF.L Calmar Ratio Rank: 5050
Calmar Ratio Rank
ISF.L Martin Ratio Rank: 4949
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.

IAEX.AS vs. ISF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares AEX UCITS ETF (IAEX.AS) and iShares Core FTSE 100 UCITS ETF (Dist) (ISF.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.

IAEX.ASISF.LDifference
Sharpe ratioReturn per unit of total volatility
1.18
1.53

-0.34

Sortino ratioReturn per unit of downside risk
1.70
2.20

-0.49

Omega ratioGain probability vs. loss probability

1.21

1.28

-0.07

Calmar ratioReturn relative to maximum drawdown

2.31

2.29

+0.02

Martin ratioReturn relative to average drawdown

5.66

8.10

-2.44

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

IAEX.AS vs. ISF.L - Sharpe Ratio Comparison

The current IAEX.AS Sharpe Ratio is 1.18, which is comparable to the ISF.L Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of IAEX.AS and ISF.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

IAEX.ASISF.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.18

1.53

-0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

0.84

-0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.48

+0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.26

+0.05

Drawdowns

IAEX.AS vs. ISF.L - Drawdown Comparison

The maximum IAEX.AS drawdown since its inception was -64.96%, which is greater than ISF.L's maximum drawdown of -57.98%. Use the drawdown chart below to compare losses from any high point for IAEX.AS and ISF.L.

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Drawdown Indicators

IAEX.ASISF.LDifference

Max Drawdown

Largest peak-to-trough decline

-64.96%

-57.98%

-6.98%

Max Drawdown (1Y)

Largest decline over 1 year

-6.78%

-7.79%

+1.01%

Max Drawdown (3Y)

Largest decline over 3 years

-15.83%

-15.84%

+0.01%

Max Drawdown (5Y)

Largest decline over 5 years

-22.39%

-15.84%

-6.55%

Max Drawdown (10Y)

Largest decline over 10 years

-35.49%

-39.60%

+4.11%

Current Drawdown

Current decline from peak

-0.92%

-2.77%

+1.85%

Average Drawdown

Average peak-to-trough decline

-17.21%

-11.92%

-5.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.79%

2.21%

+0.58%

Volatility

IAEX.AS vs. ISF.L - Volatility Comparison

iShares AEX UCITS ETF (IAEX.AS) and iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L) have volatilities of 4.15% and 4.23%, 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.

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Volatility by Period

IAEX.ASISF.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.15%

4.23%

-0.08%

Volatility (6M)

Calculated over the trailing 6-month period

10.55%

9.79%

+0.76%

Volatility (1Y)

Calculated over the trailing 1-year period

13.25%

11.71%

+1.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.45%

13.85%

+1.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.22%

16.62%

-0.40%

IAEX.AS vs. ISF.L - Expense Ratio Comparison

IAEX.AS has a 0.30% expense ratio, which is higher than ISF.L's 0.07% expense ratio.

Dividends

IAEX.AS vs. ISF.L - Dividend Comparison

IAEX.AS's dividend yield for the trailing twelve months is around 1.84%, less than ISF.L's 2.86% yield.

PositionTTM20252024202320222021202020192018201720162015
IAEX.AS
iShares AEX UCITS ETF		1.84%2.07%2.13%2.12%2.28%1.54%1.23%2.79%3.15%2.74%2.86%2.90%
ISF.L
iShares Core FTSE 100 UCITS ETF (Dist)		2.86%3.01%3.71%3.86%3.75%3.76%3.11%4.47%4.44%3.96%3.79%4.12%

Frequently Asked Questions

IAEX.AS and ISF.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISF.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISF.L is cheaper with a 0.07% expense ratio, compared with 0.30% for IAEX.AS.

IAEX.AS tracks Euronext AEX All Share TR EUR, while ISF.L tracks FTSE AllSh TR GBP. Their fees differ too: 0.30% for IAEX.AS and 0.07% for ISF.L.

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