IDPE.L vs. BNKS.L
IDPE.L (iShares Listed Private Equity UCITS ETF USD (Dist)) and BNKS.L (iShares S&P U.S. Banks) are both Financials Equities funds from iShares - IDPE.L tracks the S&P LISTED PRIVATE EQUITY INDEX (NET) (USD) while BNKS.L tracks the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, IDPE.L returned 4.52%/yr vs 8.69%/yr for BNKS.L. A 0.66 correlation means they provide meaningful diversification when combined. IDPE.L charges 0.75%/yr vs 0.35%/yr for BNKS.L.
Performance
IDPE.L vs. BNKS.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDPE.L achieves a -11.15% return, which is significantly lower than BNKS.L's 14.27% return.
IDPE.L
- 1D
- -0.16%
- 1M
- 0.45%
- 6M
- -13.72%
- YTD
- -11.15%
- 1Y
- -16.47%
- 3Y*
- 9.31%
- 5Y*
- 4.52%
- 10Y*
- 10.81%
BNKS.L
- 1D
- -0.79%
- 1M
- 4.76%
- 6M
- 12.95%
- YTD
- 14.27%
- 1Y
- 27.68%
- 3Y*
- 26.33%
- 5Y*
- 8.69%
- 10Y*
- —
IDPE.L vs. BNKS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IDPE.L iShares Listed Private Equity UCITS ETF USD (Dist) | -11.15% | 1.30% | 23.80% | 39.29% | -28.48% | 41.86% | 4.59% | 43.87% | -13.83% |
BNKS.L iShares S&P U.S. Banks | 14.27% | 20.47% | 27.74% | -3.09% | -18.79% | 39.71% | -11.77% | 33.02% | -23.57% |
Correlation
The correlation between IDPE.L and BNKS.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 22, 2018 | 0.66 |
The correlation between IDPE.L and BNKS.L has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
IDPE.L vs. BNKS.L — Risk / Return Rank
IDPE.L
BNKS.L
IDPE.L vs. BNKS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Listed Private Equity UCITS ETF USD (Dist) (IDPE.L) and iShares S&P U.S. Banks (BNKS.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.
| IDPE.L | BNKS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.97 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.23 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 1.63 | -2.30 |
| Martin ratioReturn relative to average drawdown | -1.18 | 4.50 | -5.68 |
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Drawdowns
IDPE.L vs. BNKS.L - Drawdown Comparison
The maximum IDPE.L drawdown since its inception was -82.58%, which is greater than BNKS.L's maximum drawdown of -51.35%. Use the drawdown chart below to compare losses from any high point for IDPE.L and BNKS.L.
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Drawdown Indicators
| IDPE.L | BNKS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.58% | -51.35% | -31.23% |
Max Drawdown (1Y)Largest decline over 1 year | -24.69% | -16.90% | -7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -25.17% | -28.47% | +3.30% |
Max Drawdown (5Y)Largest decline over 5 years | -38.86% | -50.15% | +11.29% |
Max Drawdown (10Y)Largest decline over 10 years | -50.36% | — | — |
Current DrawdownCurrent decline from peak | -17.65% | -0.79% | -16.86% |
Average DrawdownAverage peak-to-trough decline | -20.32% | -17.09% | -3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.88% | 6.14% | +7.74% |
Volatility
IDPE.L vs. BNKS.L - Volatility Comparison
iShares Listed Private Equity UCITS ETF USD (Dist) (IDPE.L) and iShares S&P U.S. Banks (BNKS.L) have volatilities of 5.39% and 5.57%, 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
| IDPE.L | BNKS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 5.57% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 16.87% | 16.12% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.82% | 20.69% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.36% | 27.78% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.11% | 30.63% | -8.52% |
IDPE.L vs. BNKS.L - Expense Ratio Comparison
IDPE.L has a 0.75% expense ratio, which is higher than BNKS.L's 0.35% expense ratio.
Dividends
IDPE.L vs. BNKS.L - Dividend Comparison
IDPE.L's dividend yield for the trailing twelve months is around 3.82%, while BNKS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNKS.L iShares S&P U.S. Banks | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDPE.L iShares Listed Private Equity UCITS ETF USD (Dist) | 3.82% | 2.96% | 3.03% | 3.35% | 4.36% | 2.54% | 3.56% | 3.25% | 5.05% | 4.96% | 4.33% | 5.53% |
Frequently Asked Questions
IDPE.L and BNKS.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNKS.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNKS.L is cheaper with a 0.35% expense ratio, compared with 0.75% for IDPE.L.
IDPE.L tracks S&P LISTED PRIVATE EQUITY INDEX (NET) (USD), while BNKS.L tracks MSCI World/Financials NR USD. Their fees differ too: 0.75% for IDPE.L and 0.35% for BNKS.L.
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