IUES.L vs. EYED.L

Last updated Jul 18, 2026

IUES.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) and EYED.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)) are both Energy Equities funds from iShares tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, IUES.L returned 14.53%/yr vs 17.77%/yr for EYED.L. A 0.71 correlation means they provide meaningful diversification when combined. IUES.L charges 0.15%/yr vs 0.18%/yr for EYED.L.

Performance

IUES.L vs. EYED.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) and iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IUES.L is traded in USD, while EYED.L is traded in GBP. To make them comparable, the EYED.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IUES.L achieves a 28.42% return, which is significantly lower than EYED.L's 30.15% return.

IUES.L

• 1D: 0.75%
• 1M: 5.21%
• 6M: 21.22%
• YTD: 28.42%
• 1Y: 36.37%
• 3Y*: 14.53%
• 5Y*: 22.23%
• 10Y*: 8.75%

EYED.L

• 1D: 1.87%
• 1M: 4.96%
• 6M: 27.87%
• YTD: 30.15%
• 1Y: 43.21%
• 3Y*: 17.77%
• 5Y*: —
• 10Y*: —

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

IUES.L vs. EYED.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc)	28.42%	9.91%	3.87%	-0.66%	6.47%
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)	30.15%	29.28%	-11.58%	11.62%	14.83%

Correlation

The correlation between IUES.L and EYED.L is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022	0.71

The correlation between IUES.L and EYED.L has been stable across timeframes, ranging from 0.70 to 0.72 - a consistent structural relationship.

IUES.L vs. EYED.L - Sectors Allocation Comparison

Sectors	IUES.L	EYED.L
Energy	100.0%	99.2%
Basic Materials	-	-
Communication Services	-	0.8%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

IUES.L vs. EYED.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IUES.L

IUES.L Risk / Return Rank: 54
IUES.L Sharpe Ratio Rank: 61
IUES.L Sortino Ratio Rank: 54
IUES.L Omega Ratio Rank: 56
IUES.L Calmar Ratio Rank: 56
IUES.L Martin Ratio Rank: 44

EYED.L

EYED.L Risk / Return Rank: 65
EYED.L Sharpe Ratio Rank: 76
EYED.L Sortino Ratio Rank: 66
EYED.L Omega Ratio Rank: 74
EYED.L Calmar Ratio Rank: 59
EYED.L Martin Ratio Rank: 52

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.

IUES.L vs. EYED.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) and iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.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.

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.

	IUES.L	EYED.L	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.85	-0.26
Sortino ratio: Return per unit of downside risk	2.09	2.38	-0.29
Omega ratio: Gain probability vs. loss probability	1.27	1.31	-0.04
Calmar ratio: Return relative to maximum drawdown	2.22	2.32	-0.10
Martin ratio: Return relative to average drawdown	5.67	7.68	-2.01

IUES.L vs. EYED.L - Sharpe Ratio Comparison

The current IUES.L Sharpe Ratio is 1.59, which is comparable to the EYED.L Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of IUES.L and EYED.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.

Drawdowns

IUES.L vs. EYED.L - Drawdown Comparison

The maximum IUES.L drawdown since its inception was -66.79%, which is greater than EYED.L's maximum drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for IUES.L and EYED.L.

Drawdown Indicators

	IUES.L	EYED.L	Difference
Max Drawdown Largest peak-to-trough decline	-66.79%	-23.07%	-43.72%
Max Drawdown (1Y) Largest decline over 1 year	-16.33%	-18.53%	+2.20%
Max Drawdown (3Y) Largest decline over 3 years	-20.90%	-23.07%	+2.17%
Max Drawdown (5Y) Largest decline over 5 years	-27.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-66.79%	—	—
Current Drawdown Current decline from peak	-8.88%	-8.76%	-0.12%
Average Drawdown Average peak-to-trough decline	-14.18%	-5.74%	-8.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.40%	5.61%	+0.79%

Volatility

IUES.L vs. EYED.L - Volatility Comparison

iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) has a higher volatility of 6.91% compared to iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist) (EYED.L) at 6.42%. This indicates that IUES.L's price experiences larger fluctuations and is considered to be riskier than EYED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUES.L	EYED.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.91%	6.42%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	19.69%	20.16%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	22.76%	23.27%	-0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.74%	22.37%	+4.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.53%	22.37%	+6.16%

IUES.L vs. EYED.L - Expense Ratio Comparison

IUES.L has a 0.15% expense ratio, which is lower than EYED.L's 0.18% 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

IUES.L vs. EYED.L - Dividend Comparison

IUES.L has not paid dividends to shareholders, while EYED.L's dividend yield for the trailing twelve months is around 3.99%.

Position	TTM	2025	2024	2023
EYED.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Dist)	3.99%	5.09%	5.79%	5.09%
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IUES.L and EYED.L in my portfolio?

IUES.L and EYED.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUES.L or EYED.L?

On fees, IUES.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUES.L or EYED.L?

IUES.L is cheaper with a 0.15% expense ratio, compared with 0.18% for EYED.L.

What is the main difference between IUES.L and EYED.L?

Both ETFs track MSCI World/Energy NR USD. Their fees differ too: 0.15% for IUES.L and 0.18% for EYED.L.