CCAU.L vs. ISAC.L
CCAU.L (iShares MSCI Canada UCITS ETF USD (Acc)) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - CCAU.L is a Canada Equities fund tracking the MSCI Developed - Canada in USD - NET TR, while ISAC.L is a Global Equities fund tracking the MSCI All Country World Index (Net). Both are passively managed. Over the past 10 years, CCAU.L returned 10.89%/yr vs 12.44%/yr for ISAC.L. A 0.78 correlation means they provide meaningful diversification when combined. CCAU.L charges 0.48%/yr vs 0.20%/yr for ISAC.L.
Performance
CCAU.L vs. ISAC.L - Performance Comparison
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Returns By Period
In the year-to-date period, CCAU.L achieves a 9.97% return, which is significantly lower than ISAC.L's 11.18% return. Over the past 10 years, CCAU.L has underperformed ISAC.L with an annualized return of 10.89%, while ISAC.L has yielded a comparatively higher 12.44% annualized return.
CCAU.L
- 1D
- -0.05%
- 1M
- 0.78%
- 6M
- 8.29%
- YTD
- 9.97%
- 1Y
- 30.40%
- 3Y*
- 20.98%
- 5Y*
- 12.22%
- 10Y*
- 10.89%
ISAC.L
- 1D
- 0.12%
- 1M
- -0.60%
- 6M
- 9.67%
- YTD
- 11.18%
- 1Y
- 23.73%
- 3Y*
- 19.02%
- 5Y*
- 11.12%
- 10Y*
- 12.44%
CCAU.L vs. ISAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCAU.L iShares MSCI Canada UCITS ETF USD (Acc) | 9.97% | 36.70% | 12.06% | 14.22% | -12.45% | 24.37% | 5.95% | 26.28% | -17.42% | 15.44% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 11.18% | 22.36% | 17.81% | 22.57% | -18.16% | 18.85% | 15.66% | 25.75% | -9.73% | 24.40% |
Correlation
The correlation between CCAU.L and ISAC.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011 | 0.78 |
The correlation between CCAU.L and ISAC.L has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
CCAU.L vs. ISAC.L — Risk / Return Rank
CCAU.L
ISAC.L
CCAU.L vs. ISAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Canada UCITS ETF USD (Acc) (CCAU.L) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.
| CCAU.L | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.34 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 2.70 | +1.21 |
| Martin ratioReturn relative to average drawdown | 14.98 | 10.76 | +4.22 |
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Drawdowns
CCAU.L vs. ISAC.L - Drawdown Comparison
The maximum CCAU.L drawdown since its inception was -42.79%, which is greater than ISAC.L's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for CCAU.L and ISAC.L.
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Drawdown Indicators
| CCAU.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.79% | -33.82% | -8.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -8.77% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -12.83% | -16.56% | +3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -24.98% | -26.07% | +1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -41.11% | -33.82% | -7.29% |
Current DrawdownCurrent decline from peak | -0.05% | -1.03% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -10.01% | -4.62% | -5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.20% | -0.18% |
Volatility
CCAU.L vs. ISAC.L - Volatility Comparison
iShares MSCI Canada UCITS ETF USD (Acc) (CCAU.L) has a higher volatility of 3.72% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.18%. This indicates that CCAU.L's price experiences larger fluctuations and is considered to be riskier than ISAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCAU.L | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 3.18% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 10.57% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.23% | 12.88% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 15.65% | +1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 15.82% | +2.16% |
CCAU.L vs. ISAC.L - Expense Ratio Comparison
CCAU.L has a 0.48% expense ratio, which is higher than ISAC.L's 0.20% expense ratio.
Dividends
CCAU.L vs. ISAC.L - Dividend Comparison
Neither CCAU.L nor ISAC.L has paid dividends to shareholders.
Frequently Asked Questions
CCAU.L and ISAC.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.48% for CCAU.L.
CCAU.L is categorized as Canada Equities, while ISAC.L is Global Equities. CCAU.L tracks MSCI Developed - Canada in USD - NET TR, while ISAC.L tracks MSCI All Country World Index (Net). Their fees differ too: 0.48% for CCAU.L and 0.20% for ISAC.L.
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