UTIL.L vs. IEAC.AS
UTIL.L (SPDR MSCI Europe Utilities UCITS ETF) and IEAC.AS (iShares Core € Corp Bond UCITS ETF) are both exchange-traded funds - UTIL.L is a Utilities Equities fund tracking the MSCI World/Utilities NR USD, while IEAC.AS is a Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond Index. Both are passively managed. Over the past 10 years, UTIL.L returned 10.84%/yr vs 1.02%/yr for IEAC.AS. At a 0.29 correlation, their price movements are largely independent. UTIL.L charges 0.18%/yr vs 0.20%/yr for IEAC.AS.
Performance
UTIL.L vs. IEAC.AS - Performance Comparison
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Returns By Period
In the year-to-date period, UTIL.L achieves a 13.65% return, which is significantly higher than IEAC.AS's 0.58% return. Over the past 10 years, UTIL.L has outperformed IEAC.AS with an annualized return of 10.84%, while IEAC.AS has yielded a comparatively lower 1.02% annualized return.
UTIL.L
- 1D
- -0.64%
- 1M
- -0.76%
- YTD
- 13.65%
- 6M
- 15.33%
- 1Y
- 27.67%
- 3Y*
- 16.62%
- 5Y*
- 11.84%
- 10Y*
- 10.84%
IEAC.AS
- 1D
- 0.10%
- 1M
- 0.40%
- YTD
- 0.58%
- 6M
- 0.54%
- 1Y
- 2.06%
- 3Y*
- 4.59%
- 5Y*
- 0.07%
- 10Y*
- 1.02%
UTIL.L vs. IEAC.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTIL.L SPDR MSCI Europe Utilities UCITS ETF | 13.65% | 33.98% | 1.33% | 13.09% | -6.77% | 8.27% | 11.82% | 29.32% | 3.36% | 9.29% |
IEAC.AS iShares Core € Corp Bond UCITS ETF | 0.58% | 3.05% | 4.40% | 7.74% | -13.63% | -1.02% | 2.55% | 6.29% | -1.52% | 2.20% |
Correlation
The correlation between UTIL.L and IEAC.AS is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2014 | 0.29 |
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Return for Risk
UTIL.L vs. IEAC.AS — Risk / Return Rank
UTIL.L
IEAC.AS
UTIL.L vs. IEAC.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) and iShares Core € Corp Bond UCITS ETF (IEAC.AS). 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.
| UTIL.L | IEAC.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.13 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 0.77 | +3.01 |
| Martin ratioReturn relative to average drawdown | 10.51 | 2.68 | +7.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UTIL.L | IEAC.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 0.67 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.02 | +0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.23 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.78 | -0.28 |
Drawdowns
UTIL.L vs. IEAC.AS - Drawdown Comparison
The maximum UTIL.L drawdown since its inception was -34.59%, which is greater than IEAC.AS's maximum drawdown of -17.26%. Use the drawdown chart below to compare losses from any high point for UTIL.L and IEAC.AS.
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Drawdown Indicators
| UTIL.L | IEAC.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.59% | -17.26% | -17.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -2.65% | -4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -13.48% | -2.65% | -10.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -17.26% | -4.86% |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | -17.26% | -17.33% |
Current DrawdownCurrent decline from peak | -4.57% | -0.99% | -3.58% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -2.73% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 0.76% | +1.87% |
Volatility
UTIL.L vs. IEAC.AS - Volatility Comparison
SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) has a higher volatility of 5.68% compared to iShares Core € Corp Bond UCITS ETF (IEAC.AS) at 1.15%. This indicates that UTIL.L's price experiences larger fluctuations and is considered to be riskier than IEAC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTIL.L | IEAC.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 1.15% | +4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 2.67% | +10.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.89% | 3.02% | +11.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 4.42% | +11.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 4.34% | +13.33% |
UTIL.L vs. IEAC.AS - Expense Ratio Comparison
UTIL.L has a 0.18% expense ratio, which is lower than IEAC.AS's 0.20% 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
UTIL.L vs. IEAC.AS - Dividend Comparison
UTIL.L has not paid dividends to shareholders, while IEAC.AS's dividend yield for the trailing twelve months is around 3.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAC.AS iShares Core € Corp Bond UCITS ETF | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
UTIL.L SPDR MSCI Europe Utilities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UTIL.L and IEAC.AS have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UTIL.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UTIL.L is cheaper with a 0.18% expense ratio, compared with 0.20% for IEAC.AS.
UTIL.L is categorized as Utilities Equities, while IEAC.AS is Corporate Bonds. UTIL.L tracks MSCI World/Utilities NR USD, while IEAC.AS tracks Bloomberg Euro Corporate Bond Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for UTIL.L and 0.20% for IEAC.AS.
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