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

ISX5.L vs. IEUR

Last updated Jun 14, 2026

ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) and IEUR (iShares Core MSCI Europe ETF) are both Europe Equities funds from iShares - ISX5.L tracks the MSCI EMU NR EUR while IEUR tracks the MSCI Europe Investable Market Index. Both are passively managed. Over the past 10 years, ISX5.L returned 13.05%/yr vs 10.11%/yr for IEUR. A 0.68 correlation means they provide meaningful diversification when combined. ISX5.L charges 0.00%/yr vs 0.09%/yr for IEUR.

Performance

ISX5.L vs. IEUR - 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 iShares Core MSCI Europe ETF (IEUR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ISX5.L achieves a 7.24% return, which is significantly lower than IEUR's 7.65% return. Over the past 10 years, ISX5.L has outperformed IEUR with an annualized return of 13.05%, while IEUR has yielded a comparatively lower 10.11% annualized return.

ISX5.L

1D
2.46%
1M
3.59%
YTD
7.24%
6M
8.56%
1Y
19.84%
3Y*
18.31%
5Y*
10.63%
10Y*
13.05%

IEUR

1D
0.14%
1M
2.40%
YTD
7.65%
6M
9.78%
1Y
19.09%
3Y*
16.42%
5Y*
8.26%
10Y*
10.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISX5.L vs. IEUR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISX5.L
iShares Core EURO STOXX 50 UCITS ETF		7.24%37.35%4.59%26.91%-13.63%13.94%6.81%25.61%1.58%9.70%
IEUR
iShares Core MSCI Europe ETF		7.65%35.67%1.40%19.71%-15.90%16.71%5.31%24.95%-14.86%26.70%

Correlation

The correlation between ISX5.L and IEUR is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.68

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

0.70

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

0.73

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

0.69

Correlation (All Time)
Calculated using the full available price history since Jun 12, 2014

0.68

The correlation between ISX5.L and IEUR has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.

ISX5.L vs. IEUR - Sectors Allocation Comparison

Sectors
ISX5.L
IEUR

Financial Services

24.5%
22.5%

Industrials

20.7%
20.3%

Technology

18.7%
9.4%

Consumer Cyclical

9.9%
7.0%

Consumer Defensive

5.6%
7.7%

Healthcare

5.2%
12.5%

Energy

5.0%
4.9%

Utilities

4.6%
4.4%

Basic Materials

3.5%
5.8%

Communication Services

2.4%
3.9%

Real Estate

-

1.5%

Financial Services

ISX5.L
24.5%
IEUR
22.5%

Industrials

ISX5.L
20.7%
IEUR
20.3%

Technology

ISX5.L
18.7%
IEUR
9.4%

Consumer Cyclical

ISX5.L
9.9%
IEUR
7.0%

Consumer Defensive

ISX5.L
5.6%
IEUR
7.7%

Healthcare

ISX5.L
5.2%
IEUR
12.5%

Energy

ISX5.L
5.0%
IEUR
4.9%

Utilities

ISX5.L
4.6%
IEUR
4.4%

Basic Materials

ISX5.L
3.5%
IEUR
5.8%

Communication Services

ISX5.L
2.4%
IEUR
3.9%

Real Estate

ISX5.L

-

IEUR
1.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core EURO STOXX 50 UCITS ETF

iShares Core MSCI Europe ETF

Often compared with ISX5.L:
ISX5.L vs. CSX5.LISX5.L vs. ^IBEXISX5.L vs. VGKISX5.L vs. VERX.ASISX5.L vs. ISEU.LISX5.L vs. AME6.DEISX5.L vs. RQFI.DE
Often compared with IEUR:
IEUR vs. VGKIEUR vs. IEVIEUR vs. IMEU.LIEUR vs. FEZIEUR vs. EZUIEUR vs. VOOIEUR vs. EFA

Return for Risk

ISX5.L vs. IEUR — 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: 3232
Overall Rank
ISX5.L Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
ISX5.L Sortino Ratio Rank: 3232
Sortino Ratio Rank
ISX5.L Omega Ratio Rank: 3131
Omega Ratio Rank
ISX5.L Calmar Ratio Rank: 3232
Calmar Ratio Rank
ISX5.L Martin Ratio Rank: 3535
Martin Ratio Rank
IEUR
IEUR Risk / Return Rank: 3535
Overall Rank
IEUR Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
IEUR Sortino Ratio Rank: 3535
Sortino Ratio Rank
IEUR Omega Ratio Rank: 3333
Omega Ratio Rank
IEUR Calmar Ratio Rank: 3333
Calmar Ratio Rank
IEUR Martin Ratio Rank: 3939
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. IEUR - 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 iShares Core MSCI Europe ETF (IEUR). 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.LIEURDifference
Sharpe ratioReturn per unit of total volatility
0.98
1.10

-0.11

Sortino ratioReturn per unit of downside risk
1.55
1.64

-0.08

Omega ratioGain probability vs. loss probability

1.19

1.20

-0.01

Calmar ratioReturn relative to maximum drawdown

1.39

1.44

-0.05

Martin ratioReturn relative to average drawdown

4.69

5.40

-0.72

ISX5.L vs. IEUR - Sharpe Ratio Comparison

The current ISX5.L Sharpe Ratio is 0.98, which is comparable to the IEUR Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of ISX5.L and IEUR, 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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Drawdowns

ISX5.L vs. IEUR - Drawdown Comparison

The maximum ISX5.L drawdown since its inception was -38.62%, roughly equal to the maximum IEUR drawdown of -36.96%. Use the drawdown chart below to compare losses from any high point for ISX5.L and IEUR.

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Drawdown Indicators

ISX5.LIEURDifference

Max Drawdown

Largest peak-to-trough decline

-38.62%

-36.96%

-1.66%

Max Drawdown (1Y)

Largest decline over 1 year

-12.92%

-12.04%

-0.88%

Max Drawdown (3Y)

Largest decline over 3 years

-15.36%

-14.25%

-1.11%

Max Drawdown (5Y)

Largest decline over 5 years

-34.86%

-32.75%

-2.11%

Max Drawdown (10Y)

Largest decline over 10 years

-38.62%

-36.96%

-1.66%

Current Drawdown

Current decline from peak

-0.19%

-0.44%

+0.25%

Average Drawdown

Average peak-to-trough decline

-8.34%

-8.21%

-0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.85%

3.22%

+0.63%

Volatility

ISX5.L vs. IEUR - Volatility Comparison

The current volatility for iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) is 5.29%, while iShares Core MSCI Europe ETF (IEUR) has a volatility of 5.70%. This indicates that ISX5.L experiences smaller price fluctuations and is considered to be less risky than IEUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ISX5.LIEURDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.29%

5.70%

-0.41%

Volatility (6M)

Calculated over the trailing 6-month period

15.25%

13.31%

+1.94%

Volatility (1Y)

Calculated over the trailing 1-year period

18.30%

15.83%

+2.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.91%

17.81%

+4.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.97%

18.68%

+3.29%

ISX5.L vs. IEUR - Expense Ratio Comparison

ISX5.L has a 0.00% expense ratio, which is lower than IEUR's 0.09% 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. IEUR - Dividend Comparison

ISX5.L has not paid dividends to shareholders, while IEUR's dividend yield for the trailing twelve months is around 2.76%.

PositionTTM20252024202320222021202020192018201720162015
IEUR
iShares Core MSCI Europe ETF		2.76%2.97%3.54%3.17%3.05%2.88%2.13%3.26%3.76%2.64%3.19%2.79%
ISX5.L
iShares Core EURO STOXX 50 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ISX5.L and IEUR have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 0.09% for IEUR.

ISX5.L tracks MSCI EMU NR EUR, while IEUR tracks MSCI Europe Investable Market Index. Their fees differ too: 0.00% for ISX5.L and 0.09% for IEUR.

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