PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SMEA.L vs. SX5S.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SMEA.L vs. SX5S.L

Last updated Jun 5, 2026

SMEA.L (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and SX5S.L (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - SMEA.L tracks the MSCI Europe NR EUR while SX5S.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, SMEA.L returned 10.22%/yr vs 11.41%/yr for SX5S.L. A 0.77 correlation means they provide meaningful diversification when combined. SMEA.L charges 0.12%/yr vs 0.05%/yr for SX5S.L.

Performance

SMEA.L vs. SX5S.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L) and Invesco EURO STOXX 50 UCITS ETF (SX5S.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both stocks are quite close, with SMEA.L having a 6.71% return and SX5S.L slightly lower at 6.46%. Over the past 10 years, SMEA.L has underperformed SX5S.L with an annualized return of 10.22%, while SX5S.L has yielded a comparatively higher 11.41% annualized return.

SMEA.L

1D
0.75%
1M
3.62%
YTD
6.71%
6M
8.81%
1Y
19.31%
3Y*
13.80%
5Y*
10.14%
10Y*
10.22%

SX5S.L

1D
0.35%
1M
4.85%
YTD
6.46%
6M
7.51%
1Y
18.61%
3Y*
15.51%
5Y*
11.51%
10Y*
11.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SMEA.L vs. SX5S.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SMEA.L
iShares Core MSCI Europe UCITS ETF EUR (Acc)		6.71%25.88%3.68%13.36%-3.48%16.94%2.44%19.63%-9.48%14.91%
SX5S.L
Invesco EURO STOXX 50 UCITS ETF		6.46%27.68%6.13%19.91%-3.67%14.48%2.12%23.51%-10.62%14.35%

Correlation

The correlation between SMEA.L and SX5S.L is 0.92, 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

0.92

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

0.90

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

0.91

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

0.80

Correlation (All Time)
Calculated using the full available price history since Sep 8, 2014

0.77

The correlation between SMEA.L and SX5S.L shifts across timeframes, from 0.77 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.

SMEA.L vs. SX5S.L - Sectors Allocation Comparison

Sectors
SMEA.L
SX5S.L

Financial Services

23.3%
25.1%

Industrials

19.7%
22.1%

Healthcare

13.1%
5.4%

Technology

8.6%
16.1%

Consumer Defensive

8.4%
5.5%

Consumer Cyclical

6.3%
9.8%

Basic Materials

5.6%
3.7%

Energy

5.4%
5.2%

Utilities

5.1%
4.8%

Communication Services

3.7%
2.3%

Real Estate

0.8%

-

Financial Services

SMEA.L
23.3%
SX5S.L
25.1%

Industrials

SMEA.L
19.7%
SX5S.L
22.1%

Healthcare

SMEA.L
13.1%
SX5S.L
5.4%

Technology

SMEA.L
8.6%
SX5S.L
16.1%

Consumer Defensive

SMEA.L
8.4%
SX5S.L
5.5%

Consumer Cyclical

SMEA.L
6.3%
SX5S.L
9.8%

Basic Materials

SMEA.L
5.6%
SX5S.L
3.7%

Energy

SMEA.L
5.4%
SX5S.L
5.2%

Utilities

SMEA.L
5.1%
SX5S.L
4.8%

Communication Services

SMEA.L
3.7%
SX5S.L
2.3%

Real Estate

SMEA.L
0.8%
SX5S.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI Europe UCITS ETF EUR (Acc)

Invesco EURO STOXX 50 UCITS ETF

Often compared with SMEA.L:
SMEA.L vs. S600.LSMEA.L vs. MEUD.LSMEA.L vs. IEUSSMEA.L vs. CSPX.LSMEA.L vs. CS51.LSMEA.L vs. SWDA.LSMEA.L vs. EXI1.DE
Often compared with SX5S.L:
SX5S.L vs. S600.LSX5S.L vs. VXUSSX5S.L vs. ACWXSX5S.L vs. SPYSX5S.L vs. QQQSX5S.L vs. ^SP500TRSX5S.L vs. CIBR

Return for Risk

SMEA.L vs. SX5S.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SMEA.L
SMEA.L Risk / Return Rank: 4444
Overall Rank
SMEA.L Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SMEA.L Sortino Ratio Rank: 4747
Sortino Ratio Rank
SMEA.L Omega Ratio Rank: 4949
Omega Ratio Rank
SMEA.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
SMEA.L Martin Ratio Rank: 4141
Martin Ratio Rank
SX5S.L
SX5S.L Risk / Return Rank: 3535
Overall Rank
SX5S.L Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
SX5S.L Sortino Ratio Rank: 3535
Sortino Ratio Rank
SX5S.L Omega Ratio Rank: 3535
Omega Ratio Rank
SX5S.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
SX5S.L Martin Ratio Rank: 3636
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.

SMEA.L vs. SX5S.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.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.

SMEA.LSX5S.LDifference
Sharpe ratioReturn per unit of total volatility
1.60
1.23

+0.37

Sortino ratioReturn per unit of downside risk
2.29
1.83

+0.46

Omega ratioGain probability vs. loss probability

1.30

1.23

+0.07

Calmar ratioReturn relative to maximum drawdown

1.82

1.62

+0.20

Martin ratioReturn relative to average drawdown

6.51

5.40

+1.10

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMEA.L vs. SX5S.L - Sharpe Ratio Comparison

The current SMEA.L Sharpe Ratio is 1.60, which is higher than the SX5S.L Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of SMEA.L and SX5S.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.

Loading charts...

Sharpe Ratios by Period

SMEA.LSX5S.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.60

1.23

+0.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.69

+0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.70

0.73

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.59

+0.01

Drawdowns

SMEA.L vs. SX5S.L - Drawdown Comparison

The maximum SMEA.L drawdown since its inception was -28.48%, smaller than the maximum SX5S.L drawdown of -32.54%. Use the drawdown chart below to compare losses from any high point for SMEA.L and SX5S.L.

Loading charts...

Drawdown Indicators

SMEA.LSX5S.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.48%

-32.54%

+4.06%

Max Drawdown (1Y)

Largest decline over 1 year

-10.56%

-11.43%

+0.87%

Max Drawdown (3Y)

Largest decline over 3 years

-12.46%

-13.85%

+1.39%

Max Drawdown (5Y)

Largest decline over 5 years

-15.76%

-21.71%

+5.95%

Max Drawdown (10Y)

Largest decline over 10 years

-28.48%

-32.54%

+4.06%

Current Drawdown

Current decline from peak

-1.27%

-0.57%

-0.70%

Average Drawdown

Average peak-to-trough decline

-4.54%

-5.44%

+0.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.96%

3.44%

-0.48%

Volatility

SMEA.L vs. SX5S.L - Volatility Comparison

The current volatility for iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L) is 3.91%, while Invesco EURO STOXX 50 UCITS ETF (SX5S.L) has a volatility of 4.90%. This indicates that SMEA.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.

Loading charts...

Volatility by Period

SMEA.LSX5S.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.91%

4.90%

-0.99%

Volatility (6M)

Calculated over the trailing 6-month period

10.09%

12.23%

-2.14%

Volatility (1Y)

Calculated over the trailing 1-year period

12.02%

15.09%

-3.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.64%

17.62%

-3.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.04%

19.88%

-4.84%

SMEA.L vs. SX5S.L - Expense Ratio Comparison

SMEA.L has a 0.12% 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

SMEA.L vs. SX5S.L - Dividend Comparison

Neither SMEA.L nor SX5S.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.92, SMEA.L and SX5S.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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 0.12% for SMEA.L.

SMEA.L tracks MSCI Europe NR EUR, while SX5S.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for SMEA.L and 0.05% for SX5S.L.

Portfolio Optimizer

Find the right allocation for SMEA.L and SX5S.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer