IEFS.L vs. XUKX.L
IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) and XUKX.L (Xtrackers FTSE 100 UCITS ETF Income 1D) are both Europe Equities funds - IEFS.L tracks the MSCI Europe SMID NR EUR while XUKX.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, IEFS.L returned 8.37%/yr vs 4.58%/yr for XUKX.L. A 0.79 correlation means they provide meaningful diversification when combined. IEFS.L charges 0.25%/yr vs 0.09%/yr for XUKX.L.
Performance
IEFS.L vs. XUKX.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 XUKX.L's 4.01% return. Over the past 10 years, IEFS.L has outperformed XUKX.L with an annualized return of 8.37%, while XUKX.L has yielded a comparatively lower 4.58% 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%
XUKX.L
- 1D
- -0.55%
- 1M
- -0.82%
- YTD
- 4.01%
- 6M
- 6.64%
- 1Y
- 17.17%
- 3Y*
- 10.18%
- 5Y*
- 7.30%
- 10Y*
- 4.58%
IEFS.L vs. XUKX.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% |
XUKX.L Xtrackers FTSE 100 UCITS ETF Income 1D | 4.01% | 22.37% | 4.09% | 3.60% | -2.09% | 14.55% | -17.78% | 12.73% | -12.82% | 6.99% |
Correlation
The correlation between IEFS.L and XUKX.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2015 | 0.79 |
The correlation between IEFS.L and XUKX.L has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.
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Return for Risk
IEFS.L vs. XUKX.L — Risk / Return Rank
IEFS.L
XUKX.L
IEFS.L vs. XUKX.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 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.
| IEFS.L | XUKX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.95 | -0.32 |
| Martin ratioReturn relative to average drawdown | 5.83 | 6.28 | -0.45 |
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 | XUKX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.57 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.56 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.30 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.12 | +0.40 |
Drawdowns
IEFS.L vs. XUKX.L - Drawdown Comparison
The maximum IEFS.L drawdown since its inception was -31.02%, smaller than the maximum XUKX.L drawdown of -46.73%. Use the drawdown chart below to compare losses from any high point for IEFS.L and XUKX.L.
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Drawdown Indicators
| IEFS.L | XUKX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -46.73% | +15.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -8.79% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -11.84% | -13.13% | +1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -14.42% | -11.98% |
Max Drawdown (10Y)Largest decline over 10 years | -31.02% | -35.37% | +4.35% |
Current DrawdownCurrent decline from peak | -2.40% | -5.21% | +2.81% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -10.43% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.73% | +0.05% |
Volatility
IEFS.L vs. XUKX.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) is 3.78%, while Xtrackers FTSE 100 UCITS ETF Income 1D (XUKX.L) has a volatility of 4.19%. This indicates that IEFS.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
| IEFS.L | XUKX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 4.19% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 9.45% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 10.92% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 13.11% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 15.60% | -0.01% |
IEFS.L vs. XUKX.L - Expense Ratio Comparison
IEFS.L has a 0.25% expense ratio, which is higher than XUKX.L's 0.09% 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
IEFS.L vs. XUKX.L - Dividend Comparison
IEFS.L has not paid dividends to shareholders, while XUKX.L's dividend yield for the trailing twelve months is around 0.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEFS.L iShares Edge MSCI Europe Size Factor 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% |
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
IEFS.L and XUKX.L have a correlation of 0.71, 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 0.25% for IEFS.L.
IEFS.L tracks MSCI Europe SMID NR EUR, while XUKX.L tracks FTSE AllSh TR GBP. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.25% for IEFS.L and 0.09% for XUKX.L.
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