IEUX.L vs. ^GSPC
IEUX.L (iShares MSCI Europe ex-UK UCITS) is Europe Equities fund tracking the MSCI Europe ex-UK NR EUR, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, IEUX.L returned 10.42%/yr vs 14.50%/yr for ^GSPC. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
IEUX.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
IEUX.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEUX.L achieves a 7.00% return, which is significantly lower than ^GSPC's 11.24% return. Over the past 10 years, IEUX.L has underperformed ^GSPC with an annualized return of 10.42%, while ^GSPC has yielded a comparatively higher 14.50% annualized return.
IEUX.L
- 1D
- 0.97%
- 1M
- 4.29%
- YTD
- 7.00%
- 6M
- 9.12%
- 1Y
- 18.55%
- 3Y*
- 13.29%
- 5Y*
- 9.21%
- 10Y*
- 10.42%
^GSPC
- 1D
- 0.41%
- 1M
- 5.44%
- YTD
- 11.24%
- 6M
- 9.84%
- 1Y
- 28.25%
- 3Y*
- 18.03%
- 5Y*
- 13.60%
- 10Y*
- 14.50%
IEUX.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEUX.L iShares MSCI Europe ex-UK UCITS | 7.00% | 25.52% | 1.87% | 14.91% | -6.98% | 16.31% | 7.53% | 20.67% | -9.95% | 16.33% |
^GSPC S&P 500 Index | 11.24% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 12.84% | 23.98% | -0.68% | 9.09% |
Correlation
The correlation between IEUX.L and ^GSPC is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2007 | 0.50 |
The correlation between IEUX.L and ^GSPC shifts across timeframes, from 0.35 (3 years) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IEUX.L vs. ^GSPC — Risk / Return Rank
IEUX.L
^GSPC
IEUX.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ex-UK UCITS (IEUX.L) and S&P 500 Index (^GSPC). 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.
| IEUX.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.46 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.53 | -1.82 |
| Martin ratioReturn relative to average drawdown | 6.10 | 13.19 | -7.09 |
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
| IEUX.L | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.46 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.86 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.80 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.58 | -0.17 |
Drawdowns
IEUX.L vs. ^GSPC - Drawdown Comparison
The maximum IEUX.L drawdown since its inception was -45.67%, which is greater than ^GSPC's maximum drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for IEUX.L and ^GSPC.
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Drawdown Indicators
| IEUX.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.67% | -37.07% | -8.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -8.03% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -13.16% | -22.15% | +8.99% |
Max Drawdown (5Y)Largest decline over 5 years | -19.67% | -22.15% | +2.48% |
Max Drawdown (10Y)Largest decline over 10 years | -27.53% | -26.01% | -1.52% |
Current DrawdownCurrent decline from peak | -0.19% | 0.00% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -7.45% | -5.32% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.15% | +0.88% |
Volatility
IEUX.L vs. ^GSPC - Volatility Comparison
iShares MSCI Europe ex-UK UCITS (IEUX.L) has a higher volatility of 4.10% compared to S&P 500 Index (^GSPC) at 2.60%. This indicates that IEUX.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEUX.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 2.60% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 10.65% | 8.20% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 11.52% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 15.85% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 18.15% | -2.71% |
Frequently Asked Questions
IEUX.L and ^GSPC have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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