XEWG.L vs. IESU.L
XEWG.L (Xtrackers S&P 500 Equal Weight UCITS ETF 1D GBP Hedged) and IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - XEWG.L is a S&P 500 fund tracking the S&P 500 Equal Weight (GBP Hedged) Index, while IESU.L is a Energy Equities fund tracking the S&P 500 Capped 35/20 Energy Index NTR. Both are passively managed. Over the past 3 years, XEWG.L returned 12.66%/yr vs 13.44%/yr for IESU.L. At a 0.25 correlation, their price movements are largely independent. XEWG.L charges 0.30%/yr vs 0.15%/yr for IESU.L.
Performance
XEWG.L vs. IESU.L - Performance Comparison
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Different Trading Currencies
XEWG.L is traded in GBP, while IESU.L is traded in GBp. To make them comparable, the IESU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XEWG.L achieves a 11.65% return, which is significantly lower than IESU.L's 28.61% return.
XEWG.L
- 1D
- -0.19%
- 1M
- 1.27%
- 6M
- 8.18%
- YTD
- 11.65%
- 1Y
- 17.88%
- 3Y*
- 12.66%
- 5Y*
- —
- 10Y*
- —
IESU.L
- 1D
- 1.07%
- 1M
- 4.80%
- 6M
- 20.56%
- YTD
- 28.61%
- 1Y
- 35.99%
- 3Y*
- 13.44%
- 5Y*
- 22.82%
- 10Y*
- 8.50%
XEWG.L vs. IESU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XEWG.L Xtrackers S&P 500 Equal Weight UCITS ETF 1D GBP Hedged | 11.65% | 11.06% | 11.66% | 11.87% | -14.09% | 1.47% |
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 28.61% | 2.26% | 5.45% | -5.96% | 83.53% | -2.74% |
Correlation
The correlation between XEWG.L and IESU.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | 0.25 |
The correlation between XEWG.L and IESU.L shifts across timeframes, from -0.07 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XEWG.L vs. IESU.L — Risk / Return Rank
XEWG.L
IESU.L
XEWG.L vs. IESU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Equal Weight UCITS ETF 1D GBP Hedged (XEWG.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.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.
| XEWG.L | IESU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.07 | +0.55 |
| Martin ratioReturn relative to average drawdown | 9.20 | 5.01 | +4.19 |
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Drawdowns
XEWG.L vs. IESU.L - Drawdown Comparison
The maximum XEWG.L drawdown since its inception was -22.63%, smaller than the maximum IESU.L drawdown of -63.88%. Use the drawdown chart below to compare losses from any high point for XEWG.L and IESU.L.
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Drawdown Indicators
| XEWG.L | IESU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.63% | -63.88% | +41.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -17.34% | +10.54% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -26.36% | +7.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.16% | — |
Current DrawdownCurrent decline from peak | -0.29% | -10.65% | +10.36% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -20.50% | +13.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 7.16% | -5.22% |
Volatility
XEWG.L vs. IESU.L - Volatility Comparison
The current volatility for Xtrackers S&P 500 Equal Weight UCITS ETF 1D GBP Hedged (XEWG.L) is 2.77%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) has a volatility of 7.50%. This indicates that XEWG.L experiences smaller price fluctuations and is considered to be less risky than IESU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEWG.L | IESU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 7.50% | -4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 21.74% | -14.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.59% | 24.54% | -13.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 29.08% | -12.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 29.16% | -12.76% |
XEWG.L vs. IESU.L - Expense Ratio Comparison
XEWG.L has a 0.30% expense ratio, which is higher than IESU.L's 0.15% expense ratio.
Dividends
XEWG.L vs. IESU.L - Dividend Comparison
XEWG.L's dividend yield for the trailing twelve months is around 1.16%, while IESU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEWG.L Xtrackers S&P 500 Equal Weight UCITS ETF 1D GBP Hedged | 1.16% | 1.25% | 1.50% | 1.24% | 1.20% |
Frequently Asked Questions
XEWG.L and IESU.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESU.L is cheaper with a 0.15% expense ratio, compared with 0.30% for XEWG.L.
XEWG.L is categorized as S&P 500, while IESU.L is Energy Equities. XEWG.L tracks S&P 500 Equal Weight (GBP Hedged) Index, while IESU.L tracks S&P 500 Capped 35/20 Energy Index NTR. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.30% for XEWG.L and 0.15% for IESU.L.
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