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 5 years, ISX5.L returned 10.52%/yr vs 13.93%/yr for ^IBEX. A 0.68 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 6.38% return, which is significantly higher than ^IBEX's 4.40% return.
ISX5.L
- 1D
- 0.93%
- 1M
- 0.69%
- YTD
- 6.38%
- 6M
- 8.51%
- 1Y
- 17.46%
- 3Y*
- 18.45%
- 5Y*
- 10.52%
- 10Y*
- —
^IBEX
- 1D
- 0.67%
- 1M
- 2.73%
- YTD
- 4.40%
- 6M
- 8.83%
- 1Y
- 31.83%
- 3Y*
- 28.72%
- 5Y*
- 13.93%
- 10Y*
- 7.80%
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 | 6.38% | 37.35% | 4.89% | 27.49% | -14.22% | 13.65% | 7.93% | 24.55% | -15.55% | 27.04% |
^IBEX IBEX 35 Index | 4.38% | 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 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2016 | 0.68 |
The correlation between ISX5.L and ^IBEX shifts across timeframes, from 0.68 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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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.
| ISX5.L | ^IBEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.72 | -1.35 |
| Martin ratioReturn relative to average drawdown | 4.62 | 8.71 | -4.09 |
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
| ISX5.L | ^IBEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.74 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.69 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.01 | +0.65 |
Drawdowns
ISX5.L vs. ^IBEX - Drawdown Comparison
The maximum ISX5.L drawdown since its inception was -37.94%, 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 | -37.94% | -71.44% | +33.50% |
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% | -37.37% | +2.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.25% | — |
Current DrawdownCurrent decline from peak | -0.99% | -9.30% | +8.31% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -46.73% | +39.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 3.60% | +0.24% |
Volatility
ISX5.L vs. ^IBEX - Volatility Comparison
iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) has a higher volatility of 6.08% compared to IBEX 35 Index (^IBEX) at 5.06%. 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 | 6.08% | 5.06% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 15.01% | 14.76% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 17.76% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 19.63% | +1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.94% | 20.76% | +2.18% |
Frequently Asked Questions
ISX5.L and ^IBEX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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