IEFS.L vs. CS1.L
IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) and CS1.L (Amundi ETF MSCI Spain UCITS ETF EUR (C)) are both Europe Equities funds - IEFS.L tracks the MSCI Europe SMID NR EUR while CS1.L tracks the BME IBEX 35 NR EUR. Both are passively managed. Over the past 10 years, IEFS.L returned 8.37%/yr vs 12.14%/yr for CS1.L. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
IEFS.L vs. CS1.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEFS.L achieves a 5.78% return, which is significantly higher than CS1.L's 5.33% return. Over the past 10 years, IEFS.L has underperformed CS1.L with an annualized return of 8.37%, while CS1.L has yielded a comparatively higher 12.14% annualized return.
IEFS.L
- 1D
- -0.28%
- 1M
- 1.57%
- YTD
- 5.78%
- 6M
- 8.60%
- 1Y
- 16.22%
- 3Y*
- 12.43%
- 5Y*
- 5.82%
- 10Y*
- 8.37%
CS1.L
- 1D
- -0.47%
- 1M
- 1.96%
- YTD
- 5.33%
- 6M
- 9.86%
- 1Y
- 36.01%
- 3Y*
- 29.61%
- 5Y*
- 19.19%
- 10Y*
- 12.14%
IEFS.L vs. CS1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 5.78% | 24.40% | 0.75% | 11.87% | -13.35% | 12.21% | 7.23% | 20.36% | -12.26% | 18.08% |
CS1.L Amundi ETF MSCI Spain UCITS ETF EUR (C) | 5.33% | 62.63% | 14.12% | 24.14% | 4.89% | 0.59% | -7.48% | 8.06% | -11.27% | 15.93% |
Correlation
The correlation between IEFS.L and CS1.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2015 | 0.76 |
The correlation between IEFS.L and CS1.L has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
IEFS.L vs. CS1.L — Risk / Return Rank
IEFS.L
CS1.L
IEFS.L vs. CS1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) and Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.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.
| IEFS.L | CS1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.40 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 3.47 | -1.84 |
| Martin ratioReturn relative to average drawdown | 5.83 | 11.71 | -5.88 |
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
| IEFS.L | CS1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.22 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 1.15 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.66 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.48 | +0.04 |
Drawdowns
IEFS.L vs. CS1.L - Drawdown Comparison
The maximum IEFS.L drawdown since its inception was -31.02%, smaller than the maximum CS1.L drawdown of -38.87%. Use the drawdown chart below to compare losses from any high point for IEFS.L and CS1.L.
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Drawdown Indicators
| IEFS.L | CS1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -38.87% | +7.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -10.34% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -11.84% | -10.34% | -1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -18.82% | -7.58% |
Max Drawdown (10Y)Largest decline over 10 years | -31.02% | -38.87% | +7.85% |
Current DrawdownCurrent decline from peak | -2.40% | -1.86% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -10.35% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 3.07% | -0.29% |
Volatility
IEFS.L vs. CS1.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) is 3.78%, while Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.L) has a volatility of 4.77%. This indicates that IEFS.L experiences smaller price fluctuations and is considered to be less risky than CS1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEFS.L | CS1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 4.77% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 13.35% | -3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 16.15% | -4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 16.72% | -1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 18.49% | -2.90% |
IEFS.L vs. CS1.L - Expense Ratio Comparison
Both IEFS.L and CS1.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IEFS.L vs. CS1.L - Dividend Comparison
Neither IEFS.L nor CS1.L has paid dividends to shareholders.
Frequently Asked Questions
IEFS.L and CS1.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IEFS.L and CS1.L have the same expense ratio: 0.25% per year.
IEFS.L tracks MSCI Europe SMID NR EUR, while CS1.L tracks BME IBEX 35 NR EUR. They also come from different issuers: iShares and Amundi.
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