IESU.L vs. CWEU.L
IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) and CWEU.L (Amundi MSCI World Energy UCITS ETF-C USD) are both Energy Equities funds - IESU.L tracks the S&P 500 Capped 35/20 Energy Index NTR while CWEU.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, IESU.L returned 8.50%/yr vs 6.90%/yr for CWEU.L. Their correlation of 0.83 suggests significant overlap in exposure. IESU.L charges 0.15%/yr vs 0.25%/yr for CWEU.L.
Performance
IESU.L vs. CWEU.L - Performance Comparison
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Different Trading Currencies
IESU.L is traded in GBp, while CWEU.L is traded in USD. To make them comparable, the CWEU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IESU.L achieves a 28.61% return, which is significantly lower than CWEU.L's 37.43% return. Over the past 10 years, IESU.L has outperformed CWEU.L with an annualized return of 8.50%, while CWEU.L has yielded a comparatively lower 6.90% annualized return.
IESU.L
- 1D
- 1.07%
- 1M
- 4.80%
- 6M
- 20.56%
- YTD
- 28.61%
- 1Y
- 35.99%
- 3Y*
- 13.44%
- 5Y*
- 22.82%
- 10Y*
- 8.50%
CWEU.L
- 1D
- 1.83%
- 1M
- 8.82%
- 6M
- 31.87%
- YTD
- 37.43%
- 1Y
- 49.92%
- 3Y*
- 10.52%
- 5Y*
- 18.14%
- 10Y*
- 6.90%
IESU.L vs. CWEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 28.61% | 2.26% | 5.45% | -5.96% | 83.53% | 53.82% | -35.62% | 5.37% | -13.39% | -10.01% |
CWEU.L Amundi MSCI World Energy UCITS ETF-C USD | 37.43% | 15.80% | -19.51% | -3.16% | 63.26% | 38.66% | -33.12% | 6.13% | -11.77% | -4.35% |
Correlation
The correlation between IESU.L and CWEU.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 | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.83 |
Over the past year, the correlation between IESU.L and CWEU.L has dropped to 0.59 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
IESU.L vs. CWEU.L — Risk / Return Rank
IESU.L
CWEU.L
IESU.L vs. CWEU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) and Amundi MSCI World Energy UCITS ETF-C USD (CWEU.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.
| IESU.L | CWEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.51 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 5.73 | -3.66 |
| Martin ratioReturn relative to average drawdown | 5.01 | 19.34 | -14.33 |
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Drawdowns
IESU.L vs. CWEU.L - Drawdown Comparison
The maximum IESU.L drawdown since its inception was -63.88%, which is greater than CWEU.L's maximum drawdown of -59.85%. Use the drawdown chart below to compare losses from any high point for IESU.L and CWEU.L.
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Drawdown Indicators
| IESU.L | CWEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.88% | -59.85% | -4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -17.34% | -8.57% | -8.77% |
Max Drawdown (3Y)Largest decline over 3 years | -26.36% | -34.50% | +8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -26.36% | -40.63% | +14.27% |
Max Drawdown (10Y)Largest decline over 10 years | -62.16% | -59.85% | -2.31% |
Current DrawdownCurrent decline from peak | -10.65% | 0.00% | -10.65% |
Average DrawdownAverage peak-to-trough decline | -20.50% | -15.20% | -5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 2.54% | +4.62% |
Volatility
IESU.L vs. CWEU.L - Volatility Comparison
iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) has a higher volatility of 7.50% compared to Amundi MSCI World Energy UCITS ETF-C USD (CWEU.L) at 4.42%. This indicates that IESU.L's price experiences larger fluctuations and is considered to be riskier than CWEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IESU.L | CWEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 4.42% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 21.74% | 14.32% | +7.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.54% | 17.17% | +7.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.08% | 21.90% | +7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.16% | 24.61% | +4.55% |
IESU.L vs. CWEU.L - Expense Ratio Comparison
IESU.L has a 0.15% expense ratio, which is lower than CWEU.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IESU.L vs. CWEU.L - Dividend Comparison
Neither IESU.L nor CWEU.L has paid dividends to shareholders.
Frequently Asked Questions
IESU.L and CWEU.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, IESU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESU.L is cheaper with a 0.15% expense ratio, compared with 0.25% for CWEU.L.
IESU.L tracks S&P 500 Capped 35/20 Energy Index NTR, while CWEU.L tracks MSCI World/Energy NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for IESU.L and 0.25% for CWEU.L.
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