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IEUR vs. ISX5.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEUR vs. ISX5.L

Last updated Jun 14, 2026

IEUR (iShares Core MSCI Europe ETF) and ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) are both Europe Equities funds from iShares - IEUR tracks the MSCI Europe Investable Market Index while ISX5.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, IEUR returned 10.11%/yr vs 13.05%/yr for ISX5.L. A 0.68 correlation means they provide meaningful diversification when combined. IEUR charges 0.09%/yr vs 0.00%/yr for ISX5.L.

Performance

IEUR vs. ISX5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI Europe ETF (IEUR) and iShares Core EURO STOXX 50 UCITS ETF (ISX5.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IEUR achieves a 7.65% return, which is significantly higher than ISX5.L's 7.24% return. Over the past 10 years, IEUR has underperformed ISX5.L with an annualized return of 10.11%, while ISX5.L has yielded a comparatively higher 13.05% annualized return.

IEUR

1D
0.14%
1M
2.40%
YTD
7.65%
6M
9.78%
1Y
19.09%
3Y*
16.42%
5Y*
8.26%
10Y*
10.11%

ISX5.L

1D
2.46%
1M
3.59%
YTD
7.24%
6M
8.56%
1Y
19.84%
3Y*
18.31%
5Y*
10.63%
10Y*
13.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEUR vs. ISX5.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IEUR
iShares Core MSCI Europe ETF		7.65%35.67%1.40%19.71%-15.90%16.71%5.31%24.95%-14.86%26.70%
ISX5.L
iShares Core EURO STOXX 50 UCITS ETF		7.24%37.35%4.59%26.91%-13.63%13.94%6.81%25.61%1.58%9.70%

Correlation

The correlation between IEUR and ISX5.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

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Jun 12, 2014

0.68

The correlation between IEUR and ISX5.L has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.

IEUR vs. ISX5.L - Sectors Allocation Comparison

Sectors
IEUR
ISX5.L

Financial Services

22.5%
24.5%

Industrials

20.3%
20.7%

Healthcare

12.5%
5.2%

Technology

9.4%
18.7%

Consumer Defensive

7.7%
5.6%

Consumer Cyclical

7.0%
9.9%

Basic Materials

5.8%
3.5%

Energy

4.9%
5.0%

Utilities

4.4%
4.6%

Communication Services

3.9%
2.4%

Real Estate

1.5%

-

Financial Services

IEUR
22.5%
ISX5.L
24.5%

Industrials

IEUR
20.3%
ISX5.L
20.7%

Healthcare

IEUR
12.5%
ISX5.L
5.2%

Technology

IEUR
9.4%
ISX5.L
18.7%

Consumer Defensive

IEUR
7.7%
ISX5.L
5.6%

Consumer Cyclical

IEUR
7.0%
ISX5.L
9.9%

Basic Materials

IEUR
5.8%
ISX5.L
3.5%

Energy

IEUR
4.9%
ISX5.L
5.0%

Utilities

IEUR
4.4%
ISX5.L
4.6%

Communication Services

IEUR
3.9%
ISX5.L
2.4%

Real Estate

IEUR
1.5%
ISX5.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI Europe ETF

iShares Core EURO STOXX 50 UCITS ETF

Often compared with IEUR:
IEUR vs. VGKIEUR vs. IEVIEUR vs. IMEU.LIEUR vs. FEZIEUR vs. EZUIEUR vs. VOOIEUR vs. EFA
Often compared with ISX5.L:
ISX5.L vs. CSX5.LISX5.L vs. ^IBEXISX5.L vs. VGKISX5.L vs. VERX.ASISX5.L vs. ISEU.LISX5.L vs. AME6.DEISX5.L vs. RQFI.DE

Return for Risk

IEUR vs. ISX5.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEUR
IEUR Risk / Return Rank: 3535
Overall Rank
IEUR Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
IEUR Sortino Ratio Rank: 3535
Sortino Ratio Rank
IEUR Omega Ratio Rank: 3333
Omega Ratio Rank
IEUR Calmar Ratio Rank: 3333
Calmar Ratio Rank
IEUR Martin Ratio Rank: 3939
Martin Ratio Rank
ISX5.L
ISX5.L Risk / Return Rank: 3232
Overall Rank
ISX5.L Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
ISX5.L Sortino Ratio Rank: 3232
Sortino Ratio Rank
ISX5.L Omega Ratio Rank: 3131
Omega Ratio Rank
ISX5.L Calmar Ratio Rank: 3232
Calmar Ratio Rank
ISX5.L Martin Ratio Rank: 3535
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IEUR vs. ISX5.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe ETF (IEUR) and iShares Core EURO STOXX 50 UCITS ETF (ISX5.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.

IEURISX5.LDifference
Sharpe ratioReturn per unit of total volatility
1.10
0.98

+0.11

Sortino ratioReturn per unit of downside risk
1.64
1.55

+0.08

Omega ratioGain probability vs. loss probability

1.20

1.19

+0.01

Calmar ratioReturn relative to maximum drawdown

1.44

1.39

+0.05

Martin ratioReturn relative to average drawdown

5.40

4.69

+0.72

IEUR vs. ISX5.L - Sharpe Ratio Comparison

The current IEUR Sharpe Ratio is 1.10, which is comparable to the ISX5.L Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of IEUR and ISX5.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IEUR vs. ISX5.L - Drawdown Comparison

The maximum IEUR drawdown since its inception was -36.96%, roughly equal to the maximum ISX5.L drawdown of -38.62%. Use the drawdown chart below to compare losses from any high point for IEUR and ISX5.L.

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Drawdown Indicators

IEURISX5.LDifference

Max Drawdown

Largest peak-to-trough decline

-36.96%

-38.62%

+1.66%

Max Drawdown (1Y)

Largest decline over 1 year

-12.04%

-12.92%

+0.88%

Max Drawdown (3Y)

Largest decline over 3 years

-14.25%

-15.36%

+1.11%

Max Drawdown (5Y)

Largest decline over 5 years

-32.75%

-34.86%

+2.11%

Max Drawdown (10Y)

Largest decline over 10 years

-36.96%

-38.62%

+1.66%

Current Drawdown

Current decline from peak

-0.44%

-0.19%

-0.25%

Average Drawdown

Average peak-to-trough decline

-8.21%

-8.34%

+0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.22%

3.85%

-0.63%

Volatility

IEUR vs. ISX5.L - Volatility Comparison

iShares Core MSCI Europe ETF (IEUR) has a higher volatility of 5.70% compared to iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) at 5.29%. This indicates that IEUR's price experiences larger fluctuations and is considered to be riskier than ISX5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEURISX5.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.70%

5.29%

+0.41%

Volatility (6M)

Calculated over the trailing 6-month period

13.31%

15.25%

-1.94%

Volatility (1Y)

Calculated over the trailing 1-year period

15.83%

18.30%

-2.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.81%

21.91%

-4.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.68%

21.97%

-3.29%

IEUR vs. ISX5.L - Expense Ratio Comparison

IEUR has a 0.09% expense ratio, which is higher than ISX5.L's 0.00% 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

IEUR vs. ISX5.L - Dividend Comparison

IEUR's dividend yield for the trailing twelve months is around 2.76%, while ISX5.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IEUR
iShares Core MSCI Europe ETF		2.76%2.97%3.54%3.17%3.05%2.88%2.13%3.26%3.76%2.64%3.19%2.79%
ISX5.L
iShares Core EURO STOXX 50 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%

Frequently Asked Questions

IEUR and ISX5.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, ISX5.L is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISX5.L is cheaper with a 0.00% expense ratio, compared with 0.09% for IEUR.

IEUR tracks MSCI Europe Investable Market Index, while ISX5.L tracks MSCI EMU NR EUR. Their fees differ too: 0.09% for IEUR and 0.00% for ISX5.L.

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