IESE.AS vs. CSUK.L
IESE.AS (iShares MSCI Europe SRI UCITS ETF EUR (Acc)) and CSUK.L (iShares MSCI UK UCITS ETF (Acc)) are both Europe Equities funds from iShares - IESE.AS tracks the MSCI Europe NR EUR while CSUK.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, IESE.AS returned 7.82%/yr vs 7.81%/yr for CSUK.L. A 0.69 correlation means they provide meaningful diversification when combined. IESE.AS charges 0.20%/yr vs 0.33%/yr for CSUK.L.
Performance
IESE.AS vs. CSUK.L - Performance Comparison
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Different Trading Currencies
IESE.AS is traded in EUR, while CSUK.L is traded in GBp. To make them comparable, the CSUK.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IESE.AS achieves a 6.26% return, which is significantly lower than CSUK.L's 6.99% return. Both investments have delivered pretty close results over the past 10 years, with IESE.AS having a 7.82% annualized return and CSUK.L not far behind at 7.81%.
IESE.AS
- 1D
- -0.98%
- 1M
- 4.02%
- YTD
- 6.26%
- 6M
- 8.13%
- 1Y
- 5.45%
- 3Y*
- 6.57%
- 5Y*
- 5.21%
- 10Y*
- 7.82%
CSUK.L
- 1D
- -0.41%
- 1M
- -0.27%
- YTD
- 6.99%
- 6M
- 9.67%
- 1Y
- 18.01%
- 3Y*
- 14.18%
- 5Y*
- 11.88%
- 10Y*
- 7.81%
IESE.AS vs. CSUK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IESE.AS iShares MSCI Europe SRI UCITS ETF EUR (Acc) | 6.26% | 2.40% | 6.46% | 16.38% | -14.87% | 27.26% | 3.74% | 29.04% | -6.71% | 11.41% |
CSUK.L iShares MSCI UK UCITS ETF (Acc) | 6.99% | 18.73% | 14.17% | 9.13% | 1.70% | 25.87% | -17.81% | 23.60% | -10.50% | 7.48% |
Correlation
The correlation between IESE.AS and CSUK.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2011 | 0.69 |
The correlation between IESE.AS and CSUK.L has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
IESE.AS vs. CSUK.L — Risk / Return Rank
IESE.AS
CSUK.L
IESE.AS vs. CSUK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe SRI UCITS ETF EUR (Acc) (IESE.AS) and iShares MSCI UK UCITS ETF (Acc) (CSUK.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.
| IESE.AS | CSUK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.27 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 2.34 | -1.80 |
| Martin ratioReturn relative to average drawdown | 1.41 | 8.37 | -6.96 |
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
| IESE.AS | CSUK.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 1.48 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.85 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.46 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.43 | +0.07 |
Drawdowns
IESE.AS vs. CSUK.L - Drawdown Comparison
The maximum IESE.AS drawdown since its inception was -33.34%, smaller than the maximum CSUK.L drawdown of -40.10%. Use the drawdown chart below to compare losses from any high point for IESE.AS and CSUK.L.
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Drawdown Indicators
| IESE.AS | CSUK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -40.10% | +6.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -7.66% | -2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | -15.59% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -23.66% | -15.59% | -8.07% |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | -40.10% | +6.76% |
Current DrawdownCurrent decline from peak | -1.88% | -2.81% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -6.46% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 2.15% | +1.69% |
Volatility
IESE.AS vs. CSUK.L - Volatility Comparison
iShares MSCI Europe SRI UCITS ETF EUR (Acc) (IESE.AS) and iShares MSCI UK UCITS ETF (Acc) (CSUK.L) have volatilities of 4.74% and 4.98%, 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
| IESE.AS | CSUK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 4.98% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.86% | 10.25% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 12.15% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 14.02% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.29% | 16.80% | -1.51% |
IESE.AS vs. CSUK.L - Expense Ratio Comparison
IESE.AS has a 0.20% expense ratio, which is lower than CSUK.L's 0.33% expense ratio.
Dividends
IESE.AS vs. CSUK.L - Dividend Comparison
Neither IESE.AS nor CSUK.L has paid dividends to shareholders.
Frequently Asked Questions
IESE.AS and CSUK.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESE.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESE.AS is cheaper with a 0.20% expense ratio, compared with 0.33% for CSUK.L.
IESE.AS tracks MSCI Europe NR EUR, while CSUK.L tracks FTSE AllSh TR GBP. Their fees differ too: 0.20% for IESE.AS and 0.33% for CSUK.L.
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