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XUEK.L vs. ISF.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XUEK.L vs. ISF.L

Last updated Jun 5, 2026

XUEK.L (Xtrackers S&P Europe ex UK UCITS ETF) and ISF.L (iShares Core FTSE 100 UCITS ETF (Dist)) are both Europe Equities funds - XUEK.L tracks the MSCI Europe Ex UK NR EUR while ISF.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 5 years, XUEK.L returned 6.75%/yr vs 11.88%/yr for ISF.L. A 0.77 correlation means they provide meaningful diversification when combined. XUEK.L charges 0.09%/yr vs 0.07%/yr for ISF.L.

Performance

XUEK.L vs. ISF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers S&P Europe ex UK UCITS ETF (XUEK.L) and iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XUEK.L achieves a 5.66% return, which is significantly lower than ISF.L's 6.13% return.

XUEK.L

1D
0.80%
1M
3.49%
YTD
5.66%
6M
7.69%
1Y
15.69%
3Y*
11.05%
5Y*
6.75%
10Y*
—

ISF.L

1D
0.26%
1M
1.75%
YTD
6.13%
6M
8.49%
1Y
21.32%
3Y*
14.88%
5Y*
11.88%
10Y*
9.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XUEK.L vs. ISF.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XUEK.L
Xtrackers S&P Europe ex UK UCITS ETF		5.66%23.26%0.43%12.46%-11.69%15.48%4.79%18.78%
ISF.L
iShares Core FTSE 100 UCITS ETF (Dist)		6.13%25.97%9.28%7.81%4.83%17.68%-11.67%15.29%

Correlation

The correlation between XUEK.L and ISF.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.69

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

0.72

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

0.74

Correlation (All Time)
Calculated using the full available price history since Jan 18, 2019

0.77

The correlation between XUEK.L and ISF.L has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.

XUEK.L vs. ISF.L - Sectors Allocation Comparison

Sectors
XUEK.L
ISF.L

Financial Services

23.5%
24.8%

Industrials

21.2%
13.8%

Healthcare

13.0%
13.8%

Technology

10.9%
0.8%

Consumer Cyclical

7.1%
4.7%

Consumer Defensive

7.0%
12.8%

Utilities

4.9%
5.3%

Basic Materials

4.5%
8.6%

Energy

3.8%
11.9%

Communication Services

3.6%
2.6%

Real Estate

0.6%
0.9%

Financial Services

XUEK.L
23.5%
ISF.L
24.8%

Industrials

XUEK.L
21.2%
ISF.L
13.8%

Healthcare

XUEK.L
13.0%
ISF.L
13.8%

Technology

XUEK.L
10.9%
ISF.L
0.8%

Consumer Cyclical

XUEK.L
7.1%
ISF.L
4.7%

Consumer Defensive

XUEK.L
7.0%
ISF.L
12.8%

Utilities

XUEK.L
4.9%
ISF.L
5.3%

Basic Materials

XUEK.L
4.5%
ISF.L
8.6%

Energy

XUEK.L
3.8%
ISF.L
11.9%

Communication Services

XUEK.L
3.6%
ISF.L
2.6%

Real Estate

XUEK.L
0.6%
ISF.L
0.9%

Compare stocks, funds, or ETFs

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Xtrackers S&P Europe ex UK UCITS ETF

iShares Core FTSE 100 UCITS ETF (Dist)

Often compared with XUEK.L:
XUEK.L vs. BBSU.LXUEK.L vs. VERG.LXUEK.L vs. VERX.LXUEK.L vs. XDEQ.LXUEK.L vs. UD03.LXUEK.L vs. IMV.LXUEK.L vs. FLXD.L
Often compared with ISF.L:
ISF.L vs. VUKE.LISF.L vs. HUKX.LISF.L vs. UKDV.LISF.L vs. XDAX.LISF.L vs. VUSA.ASISF.L vs. VOOISF.L vs. FEUI.L

Return for Risk

XUEK.L vs. ISF.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XUEK.L
XUEK.L Risk / Return Rank: 3333
Overall Rank
XUEK.L Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
XUEK.L Sortino Ratio Rank: 3333
Sortino Ratio Rank
XUEK.L Omega Ratio Rank: 3434
Omega Ratio Rank
XUEK.L Calmar Ratio Rank: 3030
Calmar Ratio Rank
XUEK.L Martin Ratio Rank: 3434
Martin Ratio Rank
ISF.L
ISF.L Risk / Return Rank: 5656
Overall Rank
ISF.L Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
ISF.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
ISF.L Omega Ratio Rank: 6262
Omega Ratio Rank
ISF.L Calmar Ratio Rank: 5050
Calmar Ratio Rank
ISF.L Martin Ratio Rank: 4949
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.

XUEK.L vs. ISF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P Europe ex UK UCITS ETF (XUEK.L) and iShares Core FTSE 100 UCITS ETF (Dist) (ISF.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.

XUEK.LISF.LDifference
Sharpe ratioReturn per unit of total volatility
1.20
1.98

-0.78

Sortino ratioReturn per unit of downside risk
1.72
2.78

-1.06

Omega ratioGain probability vs. loss probability

1.22

1.37

-0.15

Calmar ratioReturn relative to maximum drawdown

1.44

2.41

-0.97

Martin ratioReturn relative to average drawdown

4.99

8.18

-3.20

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

XUEK.L vs. ISF.L - Sharpe Ratio Comparison

The current XUEK.L Sharpe Ratio is 1.20, which is lower than the ISF.L Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of XUEK.L and ISF.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

XUEK.LISF.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.20

1.98

-0.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

0.95

-0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.61

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.16

+0.38

Drawdowns

XUEK.L vs. ISF.L - Drawdown Comparison

The maximum XUEK.L drawdown since its inception was -27.36%, smaller than the maximum ISF.L drawdown of -68.24%. Use the drawdown chart below to compare losses from any high point for XUEK.L and ISF.L.

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Drawdown Indicators

XUEK.LISF.LDifference

Max Drawdown

Largest peak-to-trough decline

-27.36%

-68.24%

+40.88%

Max Drawdown (1Y)

Largest decline over 1 year

-10.88%

-8.82%

-2.06%

Max Drawdown (3Y)

Largest decline over 3 years

-13.04%

-12.69%

-0.35%

Max Drawdown (5Y)

Largest decline over 5 years

-23.76%

-12.69%

-11.07%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.13%

—

Current Drawdown

Current decline from peak

-1.01%

-3.90%

+2.89%

Average Drawdown

Average peak-to-trough decline

-5.45%

-21.87%

+16.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.14%

2.60%

+0.54%

Volatility

XUEK.L vs. ISF.L - Volatility Comparison

Xtrackers S&P Europe ex UK UCITS ETF (XUEK.L) and iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L) have volatilities of 3.83% and 3.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XUEK.LISF.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.83%

3.85%

-0.02%

Volatility (6M)

Calculated over the trailing 6-month period

10.56%

9.31%

+1.25%

Volatility (1Y)

Calculated over the trailing 1-year period

13.08%

10.73%

+2.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.96%

12.56%

+2.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.37%

14.84%

+1.53%

XUEK.L vs. ISF.L - Expense Ratio Comparison

XUEK.L has a 0.09% expense ratio, which is higher than ISF.L's 0.07% 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

XUEK.L vs. ISF.L - Dividend Comparison

XUEK.L's dividend yield for the trailing twelve months is around 0.02%, less than ISF.L's 2.86% yield.

PositionTTM20252024202320222021202020192018201720162015
ISF.L
iShares Core FTSE 100 UCITS ETF (Dist)		2.86%3.01%3.71%3.86%3.75%3.76%3.11%4.47%4.44%3.96%3.79%4.12%
XUEK.L
Xtrackers S&P Europe ex UK UCITS ETF		0.02%0.02%0.03%0.03%0.05%0.01%0.03%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XUEK.L and ISF.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISF.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISF.L is cheaper with a 0.07% expense ratio, compared with 0.09% for XUEK.L.

XUEK.L tracks MSCI Europe Ex UK NR EUR, while ISF.L tracks FTSE AllSh TR GBP. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.09% for XUEK.L and 0.07% for ISF.L.

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