ISX5.L vs. ISAC.L

Last updated Jun 5, 2026

ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - ISX5.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while ISAC.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 5 years, ISX5.L returned 10.52%/yr vs 11.38%/yr for ISAC.L. A 0.72 correlation means they provide meaningful diversification when combined. ISX5.L charges 0.00%/yr vs 0.20%/yr for ISAC.L.

Performance

ISX5.L vs. ISAC.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 iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISX5.L achieves a 6.38% return, which is significantly lower than ISAC.L's 11.54% 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*: —

ISAC.L

• 1D: -0.10%
• 1M: 2.51%
• YTD: 11.54%
• 6M: 12.71%
• 1Y: 28.36%
• 3Y*: 21.19%
• 5Y*: 11.38%
• 10Y*: 12.63%

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

ISX5.L vs. ISAC.L - 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%
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc)	11.54%	22.36%	17.81%	22.57%	-18.16%	18.85%	15.66%	25.77%	-9.73%	24.39%

Correlation

The correlation between ISX5.L and ISAC.L is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Nov 30, 2016	0.72

The correlation between ISX5.L and ISAC.L shifts across timeframes, from 0.72 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.

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

Sectors	ISX5.L	ISAC.L
Financial Services	25.0%	17.3%
Industrials	21.4%	9.0%
Technology	17.0%	33.9%
Consumer Cyclical	9.8%	8.5%
Consumer Defensive	5.6%	4.4%
Energy	5.3%	3.6%
Healthcare	5.3%	7.8%
Utilities	4.7%	2.2%
Basic Materials	3.5%	2.9%
Communication Services	2.5%	8.6%
Real Estate	-	1.2%

Return for Risk

ISX5.L vs. ISAC.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: 29
ISX5.L Sharpe Ratio Rank: 28
ISX5.L Sortino Ratio Rank: 29
ISX5.L Omega Ratio Rank: 29
ISX5.L Calmar Ratio Rank: 29
ISX5.L Martin Ratio Rank: 32

ISAC.L

ISAC.L Risk / Return Rank: 73
ISAC.L Sharpe Ratio Rank: 72
ISAC.L Sortino Ratio Rank: 77
ISAC.L Omega Ratio Rank: 73
ISAC.L Calmar Ratio Rank: 67
ISAC.L Martin Ratio Rank: 74

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. ISAC.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 iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.L	ISAC.L	Difference
Sharpe ratio: Return per unit of total volatility	0.98	2.31	-1.33
Sortino ratio: Return per unit of downside risk	1.54	3.42	-1.88
Omega ratio: Gain probability vs. loss probability	1.19	1.43	-0.24
Calmar ratio: Return relative to maximum drawdown	1.37	3.27	-1.90
Martin ratio: Return relative to average drawdown	4.62	13.72	-9.10
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. ISAC.L - Sharpe Ratio Comparison

The current ISX5.L Sharpe Ratio is 0.98, which is lower than the ISAC.L Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of ISX5.L and ISAC.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

	ISX5.L	ISAC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	2.31	-1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.73	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.75	-0.09

Drawdowns

ISX5.L vs. ISAC.L - Drawdown Comparison

The maximum ISX5.L drawdown since its inception was -37.94%, which is greater than ISAC.L's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for ISX5.L and ISAC.L.

Drawdown Indicators

	ISX5.L	ISAC.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.94%	-33.82%	-4.12%
Max Drawdown (1Y) Largest decline over 1 year	-12.92%	-8.77%	-4.15%
Max Drawdown (3Y) Largest decline over 3 years	-15.36%	-16.56%	+1.20%
Max Drawdown (5Y) Largest decline over 5 years	-34.86%	-26.07%	-8.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.82%	—
Current Drawdown Current decline from peak	-0.99%	-0.72%	-0.27%
Average Drawdown Average peak-to-trough decline	-7.53%	-4.69%	-2.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	2.10%	+1.74%

Volatility

ISX5.L vs. ISAC.L - Volatility Comparison

iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) has a higher volatility of 6.08% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.84%. This indicates that ISX5.L's price experiences larger fluctuations and is considered to be riskier than ISAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISX5.L	ISAC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.08%	3.84%	+2.24%
Volatility (6M) Calculated over the trailing 6-month period	15.01%	9.77%	+5.24%
Volatility (1Y) Calculated over the trailing 1-year period	18.11%	12.40%	+5.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.42%	15.57%	+5.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.94%	15.95%	+6.99%

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

ISX5.L has a 0.00% expense ratio, which is lower than ISAC.L's 0.20% 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. ISAC.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ISX5.L and ISAC.L in my portfolio?

ISX5.L and ISAC.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISX5.L or ISAC.L?

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.

Which ETF is cheaper, ISX5.L or ISAC.L?

ISX5.L is cheaper with a 0.00% expense ratio, compared with 0.20% for ISAC.L.

What is the main difference between ISX5.L and ISAC.L?

ISX5.L is categorized as Europe Equities, while ISAC.L is Global Equities. ISX5.L tracks MSCI EMU NR EUR, while ISAC.L tracks MSCI ACWI Index. Their fees differ too: 0.00% for ISX5.L and 0.20% for ISAC.L.