V3AB.L vs. ESIE.L

Last updated Jun 5, 2026

V3AB.L (Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating) and ESIE.L (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) are both exchange-traded funds - V3AB.L is a Global Equities fund tracking the MSCI ACWI NR USD, while ESIE.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 5 years, V3AB.L returned 11.91%/yr vs 19.85%/yr for ESIE.L. At a 0.18 correlation, their price movements are largely independent. V3AB.L charges 0.24%/yr vs 0.18%/yr for ESIE.L.

Performance

V3AB.L vs. ESIE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.L) and iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, V3AB.L achieves a 12.14% return, which is significantly lower than ESIE.L's 34.22% return.

V3AB.L

• 1D: 0.03%
• 1M: 6.33%
• YTD: 12.14%
• 6M: 12.90%
• 1Y: 30.24%
• 3Y*: 17.81%
• 5Y*: 11.91%
• 10Y*: —

ESIE.L

• 1D: -1.00%
• 1M: -2.31%
• YTD: 34.22%
• 6M: 30.17%
• 1Y: 59.36%
• 3Y*: 17.82%
• 5Y*: 19.85%
• 10Y*: —

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

V3AB.L vs. ESIE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
V3AB.L Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	12.14%	12.22%	19.77%	17.95%	-11.67%	17.38%
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)	34.22%	20.13%	-9.70%	6.04%	44.68%	16.72%

Correlation

The correlation between V3AB.L and ESIE.L is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.18

The correlation between V3AB.L and ESIE.L shifts across timeframes, from -0.22 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

V3AB.L vs. ESIE.L - Sectors Allocation Comparison

Sectors	V3AB.L	ESIE.L
Technology	33.9%	-
Financial Services	17.7%	-
Consumer Cyclical	11.2%	-
Communication Services	10.0%	0.9%
Healthcare	9.7%	-
Industrials	6.4%	-
Consumer Defensive	4.4%	-
Basic Materials	3.4%	-
Real Estate	3.0%	-
Utilities	0.4%	-
Energy	0.0%	99.1%

Return for Risk

V3AB.L vs. ESIE.L — Risk / Return Rank

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

V3AB.L

V3AB.L Risk / Return Rank: 80
V3AB.L Sharpe Ratio Rank: 81
V3AB.L Sortino Ratio Rank: 80
V3AB.L Omega Ratio Rank: 83
V3AB.L Calmar Ratio Rank: 76
V3AB.L Martin Ratio Rank: 80

ESIE.L

ESIE.L Risk / Return Rank: 78
ESIE.L Sharpe Ratio Rank: 81
ESIE.L Sortino Ratio Rank: 68
ESIE.L Omega Ratio Rank: 77
ESIE.L Calmar Ratio Rank: 87
ESIE.L Martin Ratio Rank: 78

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.

V3AB.L vs. ESIE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.L) and iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.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.

	V3AB.L	ESIE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.58	2.58	0.00
Sortino ratio: Return per unit of downside risk	3.56	3.08	+0.48
Omega ratio: Gain probability vs. loss probability	1.49	1.45	+0.04
Calmar ratio: Return relative to maximum drawdown	3.76	4.87	-1.11
Martin ratio: Return relative to average drawdown	15.42	14.82	+0.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V3AB.L vs. ESIE.L - Sharpe Ratio Comparison

The current V3AB.L Sharpe Ratio is 2.58, which is comparable to the ESIE.L Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of V3AB.L and ESIE.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.

Sharpe Ratios by Period

	V3AB.L	ESIE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.58	2.58	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.82	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.86	+0.06

Drawdowns

V3AB.L vs. ESIE.L - Drawdown Comparison

The maximum V3AB.L drawdown since its inception was -19.00%, smaller than the maximum ESIE.L drawdown of -27.35%. Use the drawdown chart below to compare losses from any high point for V3AB.L and ESIE.L.

Drawdown Indicators

	V3AB.L	ESIE.L	Difference
Max Drawdown Largest peak-to-trough decline	-19.00%	-27.35%	+8.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-12.13%	+4.13%
Max Drawdown (3Y) Largest decline over 3 years	-19.00%	-27.35%	+8.35%
Max Drawdown (5Y) Largest decline over 5 years	-19.00%	-27.35%	+8.35%
Current Drawdown Current decline from peak	-0.55%	-6.99%	+6.44%
Average Drawdown Average peak-to-trough decline	-4.22%	-8.23%	+4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	3.99%	-2.03%

Volatility

V3AB.L vs. ESIE.L - Volatility Comparison

The current volatility for Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.L) is 3.38%, while iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) has a volatility of 8.04%. This indicates that V3AB.L experiences smaller price fluctuations and is considered to be less risky than ESIE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	V3AB.L	ESIE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	8.04%	-4.66%
Volatility (6M) Calculated over the trailing 6-month period	8.82%	19.18%	-10.36%
Volatility (1Y) Calculated over the trailing 1-year period	11.66%	22.92%	-11.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.72%	24.32%	-10.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.67%	24.58%	-10.91%

V3AB.L vs. ESIE.L - Expense Ratio Comparison

V3AB.L has a 0.24% expense ratio, which is higher than ESIE.L's 0.18% 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

V3AB.L vs. ESIE.L - Dividend Comparison

Neither V3AB.L nor ESIE.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
ESIE.L iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%
V3AB.L Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	1.91%

Frequently Asked Questions

Can I hold both V3AB.L and ESIE.L in my portfolio?

V3AB.L and ESIE.L have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, V3AB.L or ESIE.L?

On fees, ESIE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, V3AB.L or ESIE.L?

ESIE.L is cheaper with a 0.18% expense ratio, compared with 0.24% for V3AB.L.

What is the main difference between V3AB.L and ESIE.L?

V3AB.L is categorized as Global Equities, while ESIE.L is Energy Equities. V3AB.L tracks MSCI ACWI NR USD, while ESIE.L tracks MSCI World/Energy NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.24% for V3AB.L and 0.18% for ESIE.L.