MSEA.L vs. S5SD.L

Last updated Jun 5, 2026

MSEA.L (UBS Core MSCI Europe UCITS ETF Capitalisation A) and S5SD.L (UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis) are both exchange-traded funds - MSEA.L is a Europe Equities fund tracking the MSCI Europe Index, while S5SD.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. At a 0.48 correlation, their price movements are largely independent. MSEA.L charges 0.10%/yr vs 0.12%/yr for S5SD.L.

Performance

MSEA.L vs. S5SD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS Core MSCI Europe UCITS ETF Capitalisation A (MSEA.L) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis (S5SD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSEA.L achieves a 7.55% return, which is significantly lower than S5SD.L's 9.39% return.

MSEA.L

• 1D: 0.46%
• 1M: 1.04%
• YTD: 7.55%
• 6M: 8.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

S5SD.L

• 1D: -0.71%
• 1M: 3.50%
• YTD: 9.39%
• 6M: 9.23%
• 1Y: 31.08%
• 3Y*: 18.52%
• 5Y*: 15.52%
• 10Y*: —

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

MSEA.L vs. S5SD.L - Yearly Performance Comparison

	2026 (YTD)	2025
MSEA.L UBS Core MSCI Europe UCITS ETF Capitalisation A	7.55%	7.48%
S5SD.L UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis	9.39%	8.65%

Correlation

The correlation between MSEA.L and S5SD.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 28, 2025	0.48

Return for Risk

MSEA.L vs. S5SD.L — Risk / Return Rank

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

S5SD.L

S5SD.L Risk / Return Rank: 89
S5SD.L Sharpe Ratio Rank: 92
S5SD.L Sortino Ratio Rank: 91
S5SD.L Omega Ratio Rank: 91
S5SD.L Calmar Ratio Rank: 86
S5SD.L Martin Ratio Rank: 87

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.

MSEA.L vs. S5SD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS Core MSCI Europe UCITS ETF Capitalisation A (MSEA.L) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis (S5SD.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MSEA.L	S5SD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.94	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.99	0.68	+1.30

Drawdowns

MSEA.L vs. S5SD.L - Drawdown Comparison

The maximum MSEA.L drawdown since its inception was -10.45%, smaller than the maximum S5SD.L drawdown of -29.66%. Use the drawdown chart below to compare losses from any high point for MSEA.L and S5SD.L.

Drawdown Indicators

	MSEA.L	S5SD.L	Difference
Max Drawdown Largest peak-to-trough decline	-10.45%	-29.66%	+19.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.45%	—
Current Drawdown Current decline from peak	-1.14%	-0.71%	-0.43%
Average Drawdown Average peak-to-trough decline	-2.48%	-5.69%	+3.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.79%	—

Volatility

Volatility by Period

	MSEA.L	S5SD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	10.52%	+4.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	14.40%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.18%	18.19%	-3.01%

MSEA.L vs. S5SD.L - Expense Ratio Comparison

MSEA.L has a 0.10% expense ratio, which is lower than S5SD.L's 0.12% 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

MSEA.L vs. S5SD.L - Dividend Comparison

MSEA.L has not paid dividends to shareholders, while S5SD.L's dividend yield for the trailing twelve months is around 0.75%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
MSEA.L UBS Core MSCI Europe UCITS ETF Capitalisation A	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
S5SD.L UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis	0.75%	0.91%	0.91%	1.16%	1.22%	0.93%	1.40%	0.42%

Frequently Asked Questions

Can I hold both MSEA.L and S5SD.L in my portfolio?

MSEA.L and S5SD.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSEA.L or S5SD.L?

On fees, MSEA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSEA.L or S5SD.L?

MSEA.L is cheaper with a 0.10% expense ratio, compared with 0.12% for S5SD.L.

What is the main difference between MSEA.L and S5SD.L?

MSEA.L is categorized as Europe Equities, while S5SD.L is S&P 500. MSEA.L tracks MSCI Europe Index, while S5SD.L tracks S&P 500 Index. Their fees differ too: 0.10% for MSEA.L and 0.12% for S5SD.L.