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

ISX5.L vs. CEUR.L

Last updated Jun 6, 2026

ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) and CEUR.L (Amundi MSCI Europe) are both Europe Equities funds - ISX5.L tracks the MSCI EMU NR EUR while CEUR.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, ISX5.L returned 11.88%/yr vs 6.17%/yr for CEUR.L. Their correlation of 0.85 suggests significant overlap in exposure. ISX5.L charges 0.00%/yr vs 0.05%/yr for CEUR.L.

Performance

ISX5.L vs. CEUR.L - Performance Comparison

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

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Different Trading Currencies

ISX5.L is traded in USD, while CEUR.L is traded in GBp. To make them comparable, the CEUR.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with ISX5.L having a 4.97% return and CEUR.L slightly higher at 5.17%. Over the past 10 years, ISX5.L has outperformed CEUR.L with an annualized return of 11.88%, while CEUR.L has yielded a comparatively lower 6.17% annualized return.

ISX5.L

1D
-1.32%
1M
-0.64%
YTD
4.97%
6M
7.07%
1Y
15.90%
3Y*
18.36%
5Y*
10.22%
10Y*
11.88%

CEUR.L

1D
-1.16%
1M
-1.18%
YTD
5.17%
6M
8.48%
1Y
16.53%
3Y*
16.08%
5Y*
8.07%
10Y*
6.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISX5.L vs. CEUR.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISX5.L
iShares Core EURO STOXX 50 UCITS ETF		4.97%37.35%4.59%26.91%-13.63%13.94%6.81%25.61%1.58%9.70%
CEUR.L
Amundi MSCI Europe		5.17%33.86%3.15%18.89%-16.01%15.95%5.42%24.39%-24.12%20.94%

Correlation

The correlation between ISX5.L and CEUR.L is 0.91, 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

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.91

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

0.92

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

0.86

Correlation (All Time)
Calculated using the full available price history since Jan 27, 2010

0.85

The correlation between ISX5.L and CEUR.L has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.

ISX5.L vs. CEUR.L - Sectors Allocation Comparison

Sectors
ISX5.L
CEUR.L

Financial Services

25.0%
25.1%

Industrials

21.4%
19.8%

Technology

17.0%
10.4%

Consumer Cyclical

9.8%
6.2%

Consumer Defensive

5.6%
7.2%

Energy

5.3%
3.5%

Healthcare

5.3%
13.8%

Utilities

4.7%
5.3%

Basic Materials

3.5%
3.8%

Communication Services

2.5%
3.4%

Real Estate

-

1.7%

Financial Services

ISX5.L
25.0%
CEUR.L
25.1%

Industrials

ISX5.L
21.4%
CEUR.L
19.8%

Technology

ISX5.L
17.0%
CEUR.L
10.4%

Consumer Cyclical

ISX5.L
9.8%
CEUR.L
6.2%

Consumer Defensive

ISX5.L
5.6%
CEUR.L
7.2%

Energy

ISX5.L
5.3%
CEUR.L
3.5%

Healthcare

ISX5.L
5.3%
CEUR.L
13.8%

Utilities

ISX5.L
4.7%
CEUR.L
5.3%

Basic Materials

ISX5.L
3.5%
CEUR.L
3.8%

Communication Services

ISX5.L
2.5%
CEUR.L
3.4%

Real Estate

ISX5.L

-

CEUR.L
1.7%

Compare stocks, funds, or ETFs

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iShares Core EURO STOXX 50 UCITS ETF

Amundi MSCI Europe

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Often compared with CEUR.L:
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Return for Risk

ISX5.L vs. CEUR.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISX5.L
ISX5.L Risk / Return Rank: 2828
Overall Rank
ISX5.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
ISX5.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
ISX5.L Omega Ratio Rank: 2727
Omega Ratio Rank
ISX5.L Calmar Ratio Rank: 2727
Calmar Ratio Rank
ISX5.L Martin Ratio Rank: 3131
Martin Ratio Rank
CEUR.L
CEUR.L Risk / Return Rank: 4444
Overall Rank
CEUR.L Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
CEUR.L Sortino Ratio Rank: 4646
Sortino Ratio Rank
CEUR.L Omega Ratio Rank: 4949
Omega Ratio Rank
CEUR.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
CEUR.L Martin Ratio Rank: 4141
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.

ISX5.L vs. CEUR.L - 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 Amundi MSCI Europe (CEUR.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.

ISX5.LCEUR.LDifference
Sharpe ratioReturn per unit of total volatility
0.87
1.10

-0.23

Sortino ratioReturn per unit of downside risk
1.39
1.64

-0.25

Omega ratioGain probability vs. loss probability

1.17

1.21

-0.04

Calmar ratioReturn relative to maximum drawdown

1.23

1.34

-0.11

Martin ratioReturn relative to average drawdown

4.13

4.73

-0.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISX5.L vs. CEUR.L - Sharpe Ratio Comparison

The current ISX5.L Sharpe Ratio is 0.87, which is comparable to the CEUR.L Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of ISX5.L and CEUR.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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Sharpe Ratios by Period

ISX5.LCEUR.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.87

1.10

-0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

0.46

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.32

+0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.22

+0.19

Drawdowns

ISX5.L vs. CEUR.L - Drawdown Comparison

The maximum ISX5.L drawdown since its inception was -38.62%, smaller than the maximum CEUR.L drawdown of -56.89%. Use the drawdown chart below to compare losses from any high point for ISX5.L and CEUR.L.

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Drawdown Indicators

ISX5.LCEUR.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.62%

-56.89%

+18.27%

Max Drawdown (1Y)

Largest decline over 1 year

-12.92%

-12.32%

-0.60%

Max Drawdown (3Y)

Largest decline over 3 years

-15.36%

-14.20%

-1.16%

Max Drawdown (5Y)

Largest decline over 5 years

-34.86%

-32.57%

-2.29%

Max Drawdown (10Y)

Largest decline over 10 years

-38.62%

-44.09%

+5.47%

Current Drawdown

Current decline from peak

-2.30%

-3.07%

+0.77%

Average Drawdown

Average peak-to-trough decline

-8.35%

-14.05%

+5.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.84%

3.49%

+0.35%

Volatility

ISX5.L vs. CEUR.L - Volatility Comparison

iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) has a higher volatility of 5.39% compared to Amundi MSCI Europe (CEUR.L) at 4.10%. This indicates that ISX5.L's price experiences larger fluctuations and is considered to be riskier than CEUR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ISX5.LCEUR.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.39%

4.10%

+1.29%

Volatility (6M)

Calculated over the trailing 6-month period

15.08%

12.26%

+2.82%

Volatility (1Y)

Calculated over the trailing 1-year period

18.14%

14.90%

+3.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.89%

17.48%

+4.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.99%

18.99%

+3.00%

ISX5.L vs. CEUR.L - Expense Ratio Comparison

ISX5.L has a 0.00% expense ratio, which is lower than CEUR.L's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ISX5.L vs. CEUR.L - Dividend Comparison

Neither ISX5.L nor CEUR.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.91, ISX5.L and CEUR.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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 0.05% for CEUR.L.

ISX5.L tracks MSCI EMU NR EUR, while CEUR.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.00% for ISX5.L and 0.05% for CEUR.L.

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