IEAC.AS vs. UTIL.L
IEAC.AS (iShares Core € Corp Bond UCITS ETF) and UTIL.L (SPDR MSCI Europe Utilities UCITS ETF) are both exchange-traded funds - IEAC.AS is a Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond Index, while UTIL.L is a Utilities Equities fund tracking the MSCI World/Utilities NR USD. Both are passively managed. Over the past 10 years, IEAC.AS returned 1.02%/yr vs 10.84%/yr for UTIL.L. At a 0.29 correlation, their price movements are largely independent. IEAC.AS charges 0.20%/yr vs 0.18%/yr for UTIL.L.
Performance
IEAC.AS vs. UTIL.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEAC.AS achieves a 0.58% return, which is significantly lower than UTIL.L's 13.65% return. Over the past 10 years, IEAC.AS has underperformed UTIL.L with an annualized return of 1.02%, while UTIL.L has yielded a comparatively higher 10.84% annualized return.
IEAC.AS
- 1D
- 0.10%
- 1M
- 0.40%
- YTD
- 0.58%
- 6M
- 0.54%
- 1Y
- 2.06%
- 3Y*
- 4.59%
- 5Y*
- 0.07%
- 10Y*
- 1.02%
UTIL.L
- 1D
- -0.64%
- 1M
- -0.76%
- YTD
- 13.65%
- 6M
- 15.33%
- 1Y
- 27.67%
- 3Y*
- 16.62%
- 5Y*
- 11.84%
- 10Y*
- 10.84%
IEAC.AS vs. UTIL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEAC.AS iShares Core € Corp Bond UCITS ETF | 0.58% | 3.05% | 4.40% | 7.74% | -13.63% | -1.02% | 2.55% | 6.29% | -1.52% | 2.20% |
UTIL.L SPDR MSCI Europe Utilities UCITS ETF | 13.65% | 33.98% | 1.33% | 13.09% | -6.77% | 8.27% | 11.82% | 29.32% | 3.36% | 9.29% |
Correlation
The correlation between IEAC.AS and UTIL.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2014 | 0.29 |
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Return for Risk
IEAC.AS vs. UTIL.L — Risk / Return Rank
IEAC.AS
UTIL.L
IEAC.AS vs. UTIL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core € Corp Bond UCITS ETF (IEAC.AS) and SPDR MSCI Europe Utilities UCITS ETF (UTIL.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.
| IEAC.AS | UTIL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.33 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 3.77 | -3.01 |
| Martin ratioReturn relative to average drawdown | 2.68 | 10.51 | -7.83 |
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
| IEAC.AS | UTIL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.85 | -1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.73 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.61 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.50 | +0.28 |
Drawdowns
IEAC.AS vs. UTIL.L - Drawdown Comparison
The maximum IEAC.AS drawdown since its inception was -17.26%, smaller than the maximum UTIL.L drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for IEAC.AS and UTIL.L.
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Drawdown Indicators
| IEAC.AS | UTIL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -34.59% | +17.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -7.30% | +4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -13.48% | +10.83% |
Max Drawdown (5Y)Largest decline over 5 years | -17.26% | -22.12% | +4.86% |
Max Drawdown (10Y)Largest decline over 10 years | -17.26% | -34.59% | +17.33% |
Current DrawdownCurrent decline from peak | -0.99% | -4.57% | +3.58% |
Average DrawdownAverage peak-to-trough decline | -2.73% | -6.01% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 2.63% | -1.87% |
Volatility
IEAC.AS vs. UTIL.L - Volatility Comparison
The current volatility for iShares Core € Corp Bond UCITS ETF (IEAC.AS) is 1.15%, while SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) has a volatility of 5.68%. This indicates that IEAC.AS experiences smaller price fluctuations and is considered to be less risky than UTIL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEAC.AS | UTIL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 5.68% | -4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 12.96% | -10.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 14.89% | -11.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 16.24% | -11.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 17.67% | -13.33% |
IEAC.AS vs. UTIL.L - Expense Ratio Comparison
IEAC.AS has a 0.20% expense ratio, which is higher than UTIL.L's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IEAC.AS vs. UTIL.L - Dividend Comparison
IEAC.AS's dividend yield for the trailing twelve months is around 3.33%, while UTIL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAC.AS iShares Core € Corp Bond UCITS ETF | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
UTIL.L SPDR MSCI Europe Utilities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEAC.AS and UTIL.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UTIL.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UTIL.L is cheaper with a 0.18% expense ratio, compared with 0.20% for IEAC.AS.
IEAC.AS is categorized as Corporate Bonds, while UTIL.L is Utilities Equities. IEAC.AS tracks Bloomberg Euro Corporate Bond Index, while UTIL.L tracks MSCI World/Utilities NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for IEAC.AS and 0.18% for UTIL.L.
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