RIEU.L vs. SX5S.L
RIEU.L (L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF) and SX5S.L (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - RIEU.L tracks the L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF while SX5S.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, RIEU.L returned 8.33%/yr vs 12.34%/yr for SX5S.L. Their correlation of 0.89 suggests significant overlap in exposure. RIEU.L charges 0.10%/yr vs 0.05%/yr for SX5S.L.
Performance
RIEU.L vs. SX5S.L - Performance Comparison
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Different Trading Currencies
RIEU.L is traded in EUR, while SX5S.L is traded in GBp. To make them comparable, the SX5S.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, RIEU.L achieves a 8.55% return, which is significantly lower than SX5S.L's 10.76% return.
RIEU.L
- 1D
- -0.50%
- 1M
- 1.30%
- 6M
- 5.51%
- YTD
- 8.55%
- 1Y
- 16.21%
- 3Y*
- 12.73%
- 5Y*
- 8.33%
- 10Y*
- —
SX5S.L
- 1D
- -0.27%
- 1M
- 0.67%
- 6M
- 6.37%
- YTD
- 10.76%
- 1Y
- 20.00%
- 3Y*
- 15.59%
- 5Y*
- 12.34%
- 10Y*
- 10.85%
RIEU.L vs. SX5S.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RIEU.L L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF | 8.55% | 15.57% | 9.47% | 15.33% | -12.34% | 24.84% | 0.23% | 10.89% |
SX5S.L Invesco EURO STOXX 50 UCITS ETF | 10.76% | 21.02% | 11.26% | 22.45% | -8.52% | 22.55% | -2.59% | 10.52% |
Correlation
The correlation between RIEU.L and SX5S.L is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2019 | 0.89 |
The correlation between RIEU.L and SX5S.L has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
RIEU.L vs. SX5S.L — Risk / Return Rank
RIEU.L
SX5S.L
RIEU.L vs. SX5S.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF (RIEU.L) and Invesco EURO STOXX 50 UCITS ETF (SX5S.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.
| RIEU.L | SX5S.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.84 | -0.21 |
| Martin ratioReturn relative to average drawdown | 5.67 | 6.32 | -0.65 |
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Drawdowns
RIEU.L vs. SX5S.L - Drawdown Comparison
The maximum RIEU.L drawdown since its inception was -34.22%, smaller than the maximum SX5S.L drawdown of -38.87%. Use the drawdown chart below to compare losses from any high point for RIEU.L and SX5S.L.
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Drawdown Indicators
| RIEU.L | SX5S.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.22% | -38.87% | +4.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -10.84% | +0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -16.02% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -22.82% | -23.42% | +0.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.87% | — |
Current DrawdownCurrent decline from peak | -2.14% | -2.19% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -6.61% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.16% | -0.24% |
Volatility
RIEU.L vs. SX5S.L - Volatility Comparison
The current volatility for L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF (RIEU.L) is 2.98%, while Invesco EURO STOXX 50 UCITS ETF (SX5S.L) has a volatility of 4.26%. This indicates that RIEU.L experiences smaller price fluctuations and is considered to be less risky than SX5S.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIEU.L | SX5S.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 4.26% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 12.80% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 15.58% | -3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 17.39% | -2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 18.05% | -1.45% |
RIEU.L vs. SX5S.L - Expense Ratio Comparison
RIEU.L has a 0.10% expense ratio, which is higher than SX5S.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
RIEU.L vs. SX5S.L - Dividend Comparison
Neither RIEU.L nor SX5S.L has paid dividends to shareholders.
Frequently Asked Questions
RIEU.L and SX5S.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SX5S.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SX5S.L is cheaper with a 0.05% expense ratio, compared with 0.10% for RIEU.L.
RIEU.L tracks L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF, while SX5S.L tracks MSCI EMU NR EUR. They also come from different issuers: L&G and Invesco. Their fees differ too: 0.10% for RIEU.L and 0.05% for SX5S.L.
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