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TEGB.L vs. SX5S.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TEGB.L vs. SX5S.L

Last updated Jun 6, 2026

TEGB.L (VanEck Sustainable European Equal Weight UCITS ETF) and SX5S.L (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - TEGB.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, TEGB.L returned 7.94%/yr vs 11.29%/yr for SX5S.L. Their correlation of 0.87 suggests significant overlap in exposure. TEGB.L charges 0.40%/yr vs 0.05%/yr for SX5S.L.

Performance

TEGB.L vs. SX5S.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck Sustainable European Equal Weight UCITS ETF (TEGB.L) and Invesco EURO STOXX 50 UCITS ETF (SX5S.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

TEGB.L is traded in GBP, while SX5S.L is traded in GBp. To make them comparable, the SX5S.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, TEGB.L achieves a 6.40% return, which is significantly higher than SX5S.L's 5.78% return. Over the past 10 years, TEGB.L has underperformed SX5S.L with an annualized return of 7.94%, while SX5S.L has yielded a comparatively higher 11.29% annualized return.

TEGB.L

1D
0.46%
1M
1.40%
YTD
6.40%
6M
8.89%
1Y
18.77%
3Y*
15.88%
5Y*
10.75%
10Y*
7.94%

SX5S.L

1D
-0.64%
1M
0.91%
YTD
5.78%
6M
6.73%
1Y
17.72%
3Y*
15.29%
5Y*
11.36%
10Y*
11.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
TEGB.L
VanEck Sustainable European Equal Weight UCITS ETF		6.40%27.35%6.94%17.13%-6.86%19.37%2.39%6.10%-10.05%9.52%
SX5S.L
Invesco EURO STOXX 50 UCITS ETF		5.78%27.68%6.13%19.91%-3.54%15.06%3.00%21.67%-10.62%14.35%

Correlation

The correlation between TEGB.L and SX5S.L is 0.93, 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

0.93

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

0.89

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

0.91

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

0.88

Correlation (All Time)
Calculated using the full available price history since Oct 2, 2014

0.87

The correlation between TEGB.L and SX5S.L has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

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

Sectors
TEGB.L
SX5S.L

Financial Services

35.8%
25.1%

Industrials

23.8%
22.1%

Technology

10.8%
16.1%

Healthcare

10.4%
5.4%

Consumer Cyclical

9.4%
9.8%

Basic Materials

3.2%
3.7%

Communication Services

2.8%
2.3%

Utilities

2.0%
4.8%

Consumer Defensive

1.3%
5.5%

Energy

1.1%
5.2%

Real Estate

0.9%

-

Financial Services

TEGB.L
35.8%
SX5S.L
25.1%

Industrials

TEGB.L
23.8%
SX5S.L
22.1%

Technology

TEGB.L
10.8%
SX5S.L
16.1%

Healthcare

TEGB.L
10.4%
SX5S.L
5.4%

Consumer Cyclical

TEGB.L
9.4%
SX5S.L
9.8%

Basic Materials

TEGB.L
3.2%
SX5S.L
3.7%

Communication Services

TEGB.L
2.8%
SX5S.L
2.3%

Utilities

TEGB.L
2.0%
SX5S.L
4.8%

Consumer Defensive

TEGB.L
1.3%
SX5S.L
5.5%

Energy

TEGB.L
1.1%
SX5S.L
5.2%

Real Estate

TEGB.L
0.9%
SX5S.L

-

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VanEck Sustainable European Equal Weight UCITS ETF

Invesco EURO STOXX 50 UCITS ETF

Often compared with TEGB.L:
TEGB.L vs. ESIF.LTEGB.L vs. GDGB.LTEGB.L vs. DFNG.LTEGB.L vs. LGUK.LTEGB.L vs. SPEX.LTEGB.L vs. LDEG.LTEGB.L vs. CS1.L
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TEGB.L
TEGB.L Risk / Return Rank: 4343
Overall Rank
TEGB.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
TEGB.L Sortino Ratio Rank: 4646
Sortino Ratio Rank
TEGB.L Omega Ratio Rank: 4646
Omega Ratio Rank
TEGB.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
TEGB.L Martin Ratio Rank: 4242
Martin Ratio Rank
SX5S.L
SX5S.L Risk / Return Rank: 3636
Overall Rank
SX5S.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
SX5S.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
SX5S.L Omega Ratio Rank: 3636
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.

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

This table presents a comparison of risk-adjusted performance metrics for VanEck Sustainable European Equal Weight UCITS ETF (TEGB.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.

TEGB.LSX5S.LDifference
Sharpe ratioReturn per unit of total volatility
1.41
1.17

+0.24

Sortino ratioReturn per unit of downside risk
2.05
1.75

+0.31

Omega ratioGain probability vs. loss probability

1.27

1.22

+0.05

Calmar ratioReturn relative to maximum drawdown

1.69

1.54

+0.15

Martin ratioReturn relative to average drawdown

6.21

5.14

+1.06

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

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

The current TEGB.L Sharpe Ratio is 1.41, which is comparable to the SX5S.L Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of TEGB.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.

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Sharpe Ratios by Period

TEGB.LSX5S.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.41

1.17

+0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.66

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.63

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

0.50

-0.10

Drawdowns

TEGB.L vs. SX5S.L - Drawdown Comparison

The maximum TEGB.L drawdown since its inception was -34.84%, which is greater than SX5S.L's maximum drawdown of -32.54%. Use the drawdown chart below to compare losses from any high point for TEGB.L and SX5S.L.

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Drawdown Indicators

TEGB.LSX5S.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.84%

-32.54%

-2.30%

Max Drawdown (1Y)

Largest decline over 1 year

-11.33%

-11.43%

+0.10%

Max Drawdown (3Y)

Largest decline over 3 years

-14.33%

-13.85%

-0.48%

Max Drawdown (5Y)

Largest decline over 5 years

-18.25%

-21.71%

+3.46%

Max Drawdown (10Y)

Largest decline over 10 years

-34.84%

-32.54%

-2.30%

Current Drawdown

Current decline from peak

-0.48%

-1.20%

+0.72%

Average Drawdown

Average peak-to-trough decline

-7.10%

-5.49%

-1.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

3.44%

-0.35%

Volatility

TEGB.L vs. SX5S.L - Volatility Comparison

VanEck Sustainable European Equal Weight UCITS ETF (TEGB.L) has a higher volatility of 4.34% compared to Invesco EURO STOXX 50 UCITS ETF (SX5S.L) at 3.86%. This indicates that TEGB.L's price experiences larger fluctuations and is considered to be riskier 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

TEGB.LSX5S.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.34%

3.86%

+0.48%

Volatility (6M)

Calculated over the trailing 6-month period

11.44%

12.25%

-0.81%

Volatility (1Y)

Calculated over the trailing 1-year period

13.58%

15.10%

-1.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.75%

17.16%

-2.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.46%

17.87%

-1.41%

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

TEGB.L has a 0.40% expense ratio, which is higher than SX5S.L's 0.05% expense ratio.

Dividends

TEGB.L vs. SX5S.L - Dividend Comparison

TEGB.L's dividend yield for the trailing twelve months is around 2.70%, while SX5S.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
SX5S.L
Invesco EURO STOXX 50 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TEGB.L
VanEck Sustainable European Equal Weight UCITS ETF		2.70%2.41%2.78%2.65%2.85%2.52%2.38%3.84%3.26%2.10%

Frequently Asked Questions

With a correlation of 0.93, TEGB.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 0.40% for TEGB.L.

TEGB.L tracks MSCI Europe NR EUR, while SX5S.L tracks MSCI EMU NR EUR. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.40% for TEGB.L and 0.05% for SX5S.L.

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