IS15.L vs. EWSP.L

Last updated Jun 6, 2026

IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) and EWSP.L (iShares S&P 500 Equal Weight UCITS ETF USD (Acc)) are both exchange-traded funds - IS15.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts 1-5 TR, while EWSP.L is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, IS15.L returned 6.18%/yr vs 12.12%/yr for EWSP.L. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

IS15.L vs. EWSP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) and iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IS15.L achieves a 0.68% return, which is significantly lower than EWSP.L's 9.65% return.

IS15.L

• 1D: -0.04%
• 1M: 0.65%
• YTD: 0.68%
• 6M: 1.18%
• 1Y: 4.47%
• 3Y*: 6.18%
• 5Y*: 2.34%
• 10Y*: 2.28%

EWSP.L

• 1D: 0.00%
• 1M: 4.03%
• YTD: 9.65%
• 6M: 9.23%
• 1Y: 21.37%
• 3Y*: 12.12%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IS15.L vs. EWSP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF	0.68%	6.24%	4.89%	7.16%	-2.57%
EWSP.L iShares S&P 500 Equal Weight UCITS ETF USD (Acc)	9.65%	4.02%	13.96%	7.79%	-18.92%

Correlation

The correlation between IS15.L and EWSP.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Aug 3, 2022	0.20

IS15.L vs. EWSP.L - Sectors Allocation Comparison

Sectors	IS15.L	EWSP.L
Financial Services	28.6%	14.3%
Industrials	25.2%	14.2%
Consumer Cyclical	17.6%	9.9%
Consumer Defensive	8.5%	6.5%
Real Estate	6.0%	6.3%
Technology	5.9%	19.8%
Communication Services	3.9%	4.0%
Basic Materials	2.8%	3.9%
Utilities	1.5%	5.8%
Energy	-	4.2%
Healthcare	-	11.2%

Return for Risk

IS15.L vs. EWSP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IS15.L

IS15.L Risk / Return Rank: 58
IS15.L Sharpe Ratio Rank: 56
IS15.L Sortino Ratio Rank: 58
IS15.L Omega Ratio Rank: 67
IS15.L Calmar Ratio Rank: 51
IS15.L Martin Ratio Rank: 55

EWSP.L

EWSP.L Risk / Return Rank: 73
EWSP.L Sharpe Ratio Rank: 73
EWSP.L Sortino Ratio Rank: 73
EWSP.L Omega Ratio Rank: 74
EWSP.L Calmar Ratio Rank: 78
EWSP.L Martin Ratio Rank: 70

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.

IS15.L vs. EWSP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) and iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.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.

	IS15.L	EWSP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.18	-0.45
Sortino ratio: Return per unit of downside risk	2.51	3.01	-0.51
Omega ratio: Gain probability vs. loss probability	1.36	1.40	-0.04
Calmar ratio: Return relative to maximum drawdown	2.30	3.77	-1.47
Martin ratio: Return relative to average drawdown	8.85	12.00	-3.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IS15.L vs. EWSP.L - Sharpe Ratio Comparison

The current IS15.L Sharpe Ratio is 1.73, which is comparable to the EWSP.L Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of IS15.L and EWSP.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.

Sharpe Ratios by Period

	IS15.L	EWSP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	2.18	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.15	+0.85

Drawdowns

IS15.L vs. EWSP.L - Drawdown Comparison

The maximum IS15.L drawdown since its inception was -12.18%, smaller than the maximum EWSP.L drawdown of -22.80%. Use the drawdown chart below to compare losses from any high point for IS15.L and EWSP.L.

Drawdown Indicators

	IS15.L	EWSP.L	Difference
Max Drawdown Largest peak-to-trough decline	-12.18%	-22.80%	+10.62%
Max Drawdown (1Y) Largest decline over 1 year	-1.94%	-5.65%	+3.71%
Max Drawdown (3Y) Largest decline over 3 years	-1.94%	-20.12%	+18.18%
Max Drawdown (5Y) Largest decline over 5 years	-12.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-12.18%	—	—
Current Drawdown Current decline from peak	-0.22%	0.00%	-0.22%
Average Drawdown Average peak-to-trough decline	-1.12%	-10.62%	+9.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	1.78%	-1.28%

Volatility

IS15.L vs. EWSP.L - Volatility Comparison

The current volatility for iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) is 0.98%, while iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L) has a volatility of 1.86%. This indicates that IS15.L experiences smaller price fluctuations and is considered to be less risky than EWSP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IS15.L	EWSP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	1.86%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	2.33%	6.52%	-4.19%
Volatility (1Y) Calculated over the trailing 1-year period	2.58%	9.77%	-7.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.30%	22.33%	-19.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.13%	22.33%	-19.20%

IS15.L vs. EWSP.L - Expense Ratio Comparison

Both IS15.L and EWSP.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IS15.L vs. EWSP.L - Dividend Comparison

IS15.L's dividend yield for the trailing twelve months is around 4.54%, while EWSP.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EWSP.L iShares S&P 500 Equal Weight UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF	4.54%	4.35%	4.06%	3.05%	1.80%	1.72%	1.81%	2.03%	2.08%	2.15%	2.55%	2.91%

Frequently Asked Questions

Can I hold both IS15.L and EWSP.L in my portfolio?

IS15.L and EWSP.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IS15.L or EWSP.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IS15.L or EWSP.L?

IS15.L and EWSP.L have the same expense ratio: 0.20% per year.

What is the main difference between IS15.L and EWSP.L?

IS15.L is categorized as European Corporate Bonds, while EWSP.L is S&P 500. IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while EWSP.L tracks S&P 500 Equal Weight Index.