ISX5.L vs. ^IBEX
ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) is Europe Equities fund tracking the MSCI EMU NR EUR, while ^IBEX (IBEX 35 Index) is an index. Over the past 10 years, ISX5.L returned 13.42%/yr vs 10.08%/yr for ^IBEX. A 0.79 correlation means they provide meaningful diversification when combined.
Performance
ISX5.L vs. ^IBEX - Performance Comparison
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Different Trading Currencies
ISX5.L is traded in USD, while ^IBEX is traded in EUR. To make them comparable, the ^IBEX values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISX5.L achieves a 6.98% return, which is significantly lower than ^IBEX's 8.33% return. Over the past 10 years, ISX5.L has outperformed ^IBEX with an annualized return of 13.42%, while ^IBEX has yielded a comparatively lower 10.08% annualized return.
ISX5.L
- 1D
- 1.09%
- 1M
- 1.30%
- YTD
- 6.98%
- 6M
- 7.17%
- 1Y
- 19.65%
- 3Y*
- 18.41%
- 5Y*
- 10.88%
- 10Y*
- 13.42%
^IBEX
- 1D
- 0.00%
- 1M
- 3.52%
- YTD
- 8.33%
- 6M
- 8.90%
- 1Y
- 36.77%
- 3Y*
- 29.62%
- 5Y*
- 15.20%
- 10Y*
- 10.08%
ISX5.L vs. ^IBEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISX5.L iShares Core EURO STOXX 50 UCITS ETF | 6.98% | 37.35% | 4.59% | 26.91% | -13.63% | 13.94% | 6.81% | 25.61% | 1.58% | 9.70% |
^IBEX IBEX 35 Index | 8.33% | 69.32% | 7.68% | 26.64% | -10.76% | 0.04% | -7.97% | 9.64% | -18.94% | 22.59% |
Correlation
The correlation between ISX5.L and ^IBEX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2010 | 0.79 |
The correlation between ISX5.L and ^IBEX has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
ISX5.L vs. ^IBEX — Risk / Return Rank
ISX5.L
^IBEX
ISX5.L vs. ^IBEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) and IBEX 35 Index (^IBEX). 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.
| ISX5.L | ^IBEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.36 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 3.19 | -1.68 |
| Martin ratioReturn relative to average drawdown | 5.10 | 10.19 | -5.09 |
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Drawdowns
ISX5.L vs. ^IBEX - Drawdown Comparison
The maximum ISX5.L drawdown since its inception was -38.62%, smaller than the maximum ^IBEX drawdown of -71.44%. Use the drawdown chart below to compare losses from any high point for ISX5.L and ^IBEX.
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Drawdown Indicators
| ISX5.L | ^IBEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -71.44% | +32.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -11.37% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -12.06% | -3.30% |
Max Drawdown (5Y)Largest decline over 5 years | -34.86% | -35.10% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -38.62% | -49.25% | +10.63% |
Current DrawdownCurrent decline from peak | -2.21% | -5.88% | +3.67% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -46.77% | +38.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 3.58% | +0.27% |
Volatility
ISX5.L vs. ^IBEX - Volatility Comparison
iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) has a higher volatility of 4.53% compared to IBEX 35 Index (^IBEX) at 4.09%. This indicates that ISX5.L's price experiences larger fluctuations and is considered to be riskier than ^IBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISX5.L | ^IBEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 4.09% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 15.04% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 17.80% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.90% | 19.70% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.76% | 20.16% | +1.60% |
Frequently Asked Questions
ISX5.L and ^IBEX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ISX5.L and ^IBEX
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