IESU.L vs. XSEN.L
IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) and XSEN.L (Xtrackers MSCI USA Energy UCITS ETF 1D) are both Energy Equities funds - IESU.L tracks the S&P 500 Capped 35/20 Energy Index NTR while XSEN.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 5 years, IESU.L returned 22.56%/yr vs 22.41%/yr for XSEN.L. With a 0.97 correlation, they move nearly in lockstep. IESU.L charges 0.15%/yr vs 0.12%/yr for XSEN.L.
Performance
IESU.L vs. XSEN.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IESU.L having a 27.25% return and XSEN.L slightly lower at 27.24%.
IESU.L
- 1D
- 2.33%
- 1M
- 3.67%
- 6M
- 18.53%
- YTD
- 27.25%
- 1Y
- 35.48%
- 3Y*
- 13.78%
- 5Y*
- 22.56%
- 10Y*
- 8.52%
XSEN.L
- 1D
- 2.27%
- 1M
- 3.98%
- 6M
- 18.88%
- YTD
- 27.24%
- 1Y
- 34.40%
- 3Y*
- 14.18%
- 5Y*
- 22.41%
- 10Y*
- —
IESU.L vs. XSEN.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) | 27.25% | 2.26% | 5.45% | -5.96% | 83.53% | 53.82% | -35.62% | 5.37% | -13.39% | 10.93% |
XSEN.L Xtrackers MSCI USA Energy UCITS ETF 1D | 27.24% | 1.87% | 6.67% | -5.89% | 82.86% | 50.90% | -35.95% | 5.01% | -35.63% | 12.94% |
Correlation
The correlation between IESU.L and XSEN.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2017 | 0.97 |
The correlation between IESU.L and XSEN.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
IESU.L vs. XSEN.L — Risk / Return Rank
IESU.L
XSEN.L
IESU.L vs. XSEN.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 Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.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 | XSEN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.02 | +0.01 |
| Martin ratioReturn relative to average drawdown | 4.96 | 4.84 | +0.11 |
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Drawdowns
IESU.L vs. XSEN.L - Drawdown Comparison
The maximum IESU.L drawdown since its inception was -63.88%, smaller than the maximum XSEN.L drawdown of -70.62%. Use the drawdown chart below to compare losses from any high point for IESU.L and XSEN.L.
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Drawdown Indicators
| IESU.L | XSEN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.88% | -70.62% | +6.74% |
Max Drawdown (1Y)Largest decline over 1 year | -17.34% | -16.92% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -26.36% | -23.22% | -3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -26.36% | -24.04% | -2.32% |
Max Drawdown (10Y)Largest decline over 10 years | -62.16% | — | — |
Current DrawdownCurrent decline from peak | -11.59% | -11.27% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -20.51% | -24.37% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.13% | 7.08% | +0.05% |
Volatility
IESU.L vs. XSEN.L - Volatility Comparison
iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) and Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L) have volatilities of 7.73% and 7.44%, 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
| IESU.L | XSEN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 7.44% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 21.73% | 21.49% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.62% | 24.44% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.09% | 26.14% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.16% | 30.10% | -0.94% |
IESU.L vs. XSEN.L - Expense Ratio Comparison
IESU.L has a 0.15% expense ratio, which is higher than XSEN.L's 0.12% 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
IESU.L vs. XSEN.L - Dividend Comparison
IESU.L has not paid dividends to shareholders, while XSEN.L's dividend yield for the trailing twelve months is around 2.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSEN.L Xtrackers MSCI USA Energy UCITS ETF 1D | 2.13% | 2.70% | 2.70% | 3.24% | 3.69% | 3.27% | 7.11% | 2.78% | 0.68% |
Frequently Asked Questions
With a correlation of 0.99, IESU.L and XSEN.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XSEN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSEN.L is cheaper with a 0.12% expense ratio, compared with 0.15% for IESU.L.
IESU.L tracks S&P 500 Capped 35/20 Energy Index NTR, while XSEN.L tracks MSCI World/Energy NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.15% for IESU.L and 0.12% for XSEN.L.
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