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

ISX5.L vs. SPOL.L

Last updated Jun 6, 2026

ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) and SPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds from iShares - ISX5.L tracks the MSCI EMU NR EUR while SPOL.L tracks the MSCI Poland NR EUR. Both are passively managed. Over the past 10 years, ISX5.L returned 11.88%/yr vs 8.72%/yr for SPOL.L. A 0.58 correlation means they provide meaningful diversification when combined. ISX5.L charges 0.00%/yr vs 0.74%/yr for SPOL.L.

Performance

ISX5.L vs. SPOL.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 Poland UCITS ETF USD (Acc) (SPOL.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 SPOL.L is traded in GBp. To make them comparable, the SPOL.L 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 4.97% return, which is significantly lower than SPOL.L's 10.73% return. Over the past 10 years, ISX5.L has outperformed SPOL.L with an annualized return of 11.88%, while SPOL.L has yielded a comparatively lower 8.72% 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%

SPOL.L

1D
-4.07%
1M
-2.43%
YTD
10.73%
6M
21.45%
1Y
37.92%
3Y*
31.26%
5Y*
12.86%
10Y*
8.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISX5.L vs. SPOL.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%
SPOL.L
iShares MSCI Poland UCITS ETF USD (Acc)		10.73%73.44%-6.56%48.99%-26.73%7.32%-11.56%-6.06%-12.92%53.82%

Correlation

The correlation between ISX5.L and SPOL.L is 0.65, 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

0.65

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

0.63

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

0.65

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

0.60

Correlation (All Time)
Calculated using the full available price history since Jan 24, 2011

0.58

The correlation between ISX5.L and SPOL.L has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.

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

Sectors
ISX5.L
SPOL.L

Financial Services

25.0%
48.0%

Industrials

21.4%
1.9%

Technology

17.0%
2.2%

Consumer Cyclical

9.8%
10.9%

Consumer Defensive

5.6%
5.4%

Energy

5.3%
16.7%

Healthcare

5.3%

-

Utilities

4.7%
2.0%

Basic Materials

3.5%
9.8%

Communication Services

2.5%
3.2%

Real Estate

-

-

Financial Services

ISX5.L
25.0%
SPOL.L
48.0%

Industrials

ISX5.L
21.4%
SPOL.L
1.9%

Technology

ISX5.L
17.0%
SPOL.L
2.2%

Consumer Cyclical

ISX5.L
9.8%
SPOL.L
10.9%

Consumer Defensive

ISX5.L
5.6%
SPOL.L
5.4%

Energy

ISX5.L
5.3%
SPOL.L
16.7%

Healthcare

ISX5.L
5.3%
SPOL.L

-

Utilities

ISX5.L
4.7%
SPOL.L
2.0%

Basic Materials

ISX5.L
3.5%
SPOL.L
9.8%

Communication Services

ISX5.L
2.5%
SPOL.L
3.2%

Real Estate

ISX5.L

-

SPOL.L

-

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iShares Core EURO STOXX 50 UCITS ETF

iShares MSCI Poland UCITS ETF USD (Acc)

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 SPOL.L:
SPOL.L vs. IBCJ.DESPOL.L vs. VOOSPOL.L vs. WDEP.LSPOL.L vs. FLXD.LSPOL.L vs. XD5E.LSPOL.L vs. EEIP.LSPOL.L vs. LCPE.L

Return for Risk

ISX5.L vs. SPOL.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
SPOL.L
SPOL.L Risk / Return Rank: 6161
Overall Rank
SPOL.L Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
SPOL.L Sortino Ratio Rank: 5454
Sortino Ratio Rank
SPOL.L Omega Ratio Rank: 4949
Omega Ratio Rank
SPOL.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
SPOL.L Martin Ratio Rank: 6161
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. SPOL.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 Poland UCITS ETF USD (Acc) (SPOL.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.LSPOL.LDifference
Sharpe ratioReturn per unit of total volatility
0.87
1.51

-0.64

Sortino ratioReturn per unit of downside risk
1.39
2.16

-0.76

Omega ratioGain probability vs. loss probability

1.17

1.26

-0.09

Calmar ratioReturn relative to maximum drawdown

1.23

3.47

-2.24

Martin ratioReturn relative to average drawdown

4.13

8.55

-4.42

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. SPOL.L - Sharpe Ratio Comparison

The current ISX5.L Sharpe Ratio is 0.87, which is lower than the SPOL.L Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of ISX5.L and SPOL.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.LSPOL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.87

1.51

-0.64

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

0.39

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.30

+0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

-0.02

+0.43

Drawdowns

ISX5.L vs. SPOL.L - Drawdown Comparison

The maximum ISX5.L drawdown since its inception was -38.62%, smaller than the maximum SPOL.L drawdown of -77.35%. Use the drawdown chart below to compare losses from any high point for ISX5.L and SPOL.L.

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Drawdown Indicators

ISX5.LSPOL.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.62%

-77.35%

+38.73%

Max Drawdown (1Y)

Largest decline over 1 year

-12.92%

-10.89%

-2.03%

Max Drawdown (3Y)

Largest decline over 3 years

-15.36%

-22.56%

+7.20%

Max Drawdown (5Y)

Largest decline over 5 years

-34.86%

-56.21%

+21.35%

Max Drawdown (10Y)

Largest decline over 10 years

-38.62%

-66.06%

+27.44%

Current Drawdown

Current decline from peak

-2.30%

-8.76%

+6.46%

Average Drawdown

Average peak-to-trough decline

-8.35%

-49.21%

+40.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.84%

4.42%

-0.58%

Volatility

ISX5.L vs. SPOL.L - Volatility Comparison

The current volatility for iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) is 5.39%, while iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L) has a volatility of 8.09%. This indicates that ISX5.L experiences smaller price fluctuations and is considered to be less risky than SPOL.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.LSPOL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.39%

8.09%

-2.70%

Volatility (6M)

Calculated over the trailing 6-month period

15.08%

19.21%

-4.13%

Volatility (1Y)

Calculated over the trailing 1-year period

18.14%

24.98%

-6.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.89%

33.04%

-11.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.99%

29.49%

-7.50%

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

ISX5.L has a 0.00% expense ratio, which is lower than SPOL.L's 0.74% expense ratio.

Dividends

ISX5.L vs. SPOL.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

ISX5.L and SPOL.L have a correlation of 0.65, 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 0.74% for SPOL.L.

ISX5.L tracks MSCI EMU NR EUR, while SPOL.L tracks MSCI Poland NR EUR. Their fees differ too: 0.00% for ISX5.L and 0.74% for SPOL.L.

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