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CSUS.L vs. PBUS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSUS.L vs. PBUS

Last updated Jun 5, 2026

CSUS.L (iShares VII plc - iShares MSCI USA ETF USD Acc) and PBUS (Invesco PureBeta MSCI USA ETF) are both exchange-traded funds - CSUS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while PBUS is a Large Cap Growth Equities fund tracking the MSCI USA Index. Both are passively managed. Over the past 5 years, CSUS.L returned 13.29%/yr vs 13.58%/yr for PBUS. A 0.61 correlation means they provide meaningful diversification when combined. CSUS.L charges 0.33%/yr vs 0.04%/yr for PBUS.

Performance

CSUS.L vs. PBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.L) and Invesco PureBeta MSCI USA ETF (PBUS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CSUS.L achieves a 10.32% return, which is significantly lower than PBUS's 11.31% return.

CSUS.L

1D
0.06%
1M
4.70%
YTD
10.32%
6M
10.98%
1Y
27.52%
3Y*
22.49%
5Y*
13.29%
10Y*
15.12%

PBUS

1D
0.44%
1M
4.73%
YTD
11.31%
6M
11.04%
1Y
28.14%
3Y*
22.81%
5Y*
13.58%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSUS.L vs. PBUS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSUS.L
iShares VII plc - iShares MSCI USA ETF USD Acc		10.32%17.22%25.83%26.72%-20.46%28.02%20.30%30.38%-5.82%8.27%
PBUS
Invesco PureBeta MSCI USA ETF		11.31%17.58%24.99%27.33%-19.64%26.77%21.75%31.60%-4.77%7.13%

Correlation

The correlation between CSUS.L and PBUS is 0.66, 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

0.66

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

0.75

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

0.66

Correlation (All Time)
Calculated using the full available price history since Sep 25, 2017

0.61

The correlation between CSUS.L and PBUS shifts across timeframes, from 0.61 (all time) to 0.75 (3 years), reflecting how their relationship changes across market environments.

CSUS.L vs. PBUS - Sectors Allocation Comparison

Sectors
CSUS.L
PBUS

Technology

35.4%
35.4%

Financial Services

11.6%
11.6%

Communication Services

11.3%
11.3%

Consumer Cyclical

10.2%
10.1%

Healthcare

8.6%
8.6%

Industrials

8.5%
8.6%

Consumer Defensive

4.8%
4.8%

Energy

3.6%
3.6%

Utilities

2.3%
2.3%

Real Estate

1.9%
1.9%

Basic Materials

1.8%
1.8%

Technology

CSUS.L
35.4%
PBUS
35.4%

Financial Services

CSUS.L
11.6%
PBUS
11.6%

Communication Services

CSUS.L
11.3%
PBUS
11.3%

Consumer Cyclical

CSUS.L
10.2%
PBUS
10.1%

Healthcare

CSUS.L
8.6%
PBUS
8.6%

Industrials

CSUS.L
8.5%
PBUS
8.6%

Consumer Defensive

CSUS.L
4.8%
PBUS
4.8%

Energy

CSUS.L
3.6%
PBUS
3.6%

Utilities

CSUS.L
2.3%
PBUS
2.3%

Real Estate

CSUS.L
1.9%
PBUS
1.9%

Basic Materials

CSUS.L
1.8%
PBUS
1.8%

Compare stocks, funds, or ETFs

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iShares VII plc - iShares MSCI USA ETF USD Acc

Invesco PureBeta MSCI USA ETF

Often compared with CSUS.L:
CSUS.L vs. VTICSUS.L vs. XD9D.DECSUS.L vs. SPYCSUS.L vs. AVUVCSUS.L vs. VXUSCSUS.L vs. ITOTCSUS.L vs. VOO
Often compared with PBUS:
PBUS vs. VOOPBUS vs. SPYPBUS vs. XLGPBUS vs. PWVPBUS vs. VVPBUS vs. IVVPBUS vs. VTI

Return for Risk

CSUS.L vs. PBUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSUS.L
CSUS.L Risk / Return Rank: 7373
Overall Rank
CSUS.L Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
CSUS.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
CSUS.L Omega Ratio Rank: 7373
Omega Ratio Rank
CSUS.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
CSUS.L Martin Ratio Rank: 7575
Martin Ratio Rank
PBUS
PBUS Risk / Return Rank: 7171
Overall Rank
PBUS Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
PBUS Sortino Ratio Rank: 7272
Sortino Ratio Rank
PBUS Omega Ratio Rank: 7272
Omega Ratio Rank
PBUS Calmar Ratio Rank: 6464
Calmar Ratio Rank
PBUS Martin Ratio Rank: 7575
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.

CSUS.L vs. PBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.L) and Invesco PureBeta MSCI USA ETF (PBUS). 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.

CSUS.LPBUSDifference
Sharpe ratioReturn per unit of total volatility
2.32
2.34

-0.02

Sortino ratioReturn per unit of downside risk
3.39
3.20

+0.19

Omega ratioGain probability vs. loss probability

1.42

1.42

0.00

Calmar ratioReturn relative to maximum drawdown

3.30

3.13

+0.16

Martin ratioReturn relative to average drawdown

13.91

14.18

-0.27

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

CSUS.L vs. PBUS - Sharpe Ratio Comparison

The current CSUS.L Sharpe Ratio is 2.32, which is comparable to the PBUS Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of CSUS.L and PBUS, 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

CSUS.LPBUSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.32

2.34

-0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

0.80

+0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.98

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.12

0.80

+0.32

Drawdowns

CSUS.L vs. PBUS - Drawdown Comparison

The maximum CSUS.L drawdown since its inception was -34.38%, roughly equal to the maximum PBUS drawdown of -33.15%. Use the drawdown chart below to compare losses from any high point for CSUS.L and PBUS.

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Drawdown Indicators

CSUS.LPBUSDifference

Max Drawdown

Largest peak-to-trough decline

-34.38%

-33.15%

-1.23%

Max Drawdown (1Y)

Largest decline over 1 year

-8.31%

-9.02%

+0.71%

Max Drawdown (3Y)

Largest decline over 3 years

-18.85%

-19.07%

+0.22%

Max Drawdown (5Y)

Largest decline over 5 years

-25.44%

-25.40%

-0.04%

Max Drawdown (10Y)

Largest decline over 10 years

-34.38%

—

—

Current Drawdown

Current decline from peak

-0.47%

-0.21%

-0.26%

Average Drawdown

Average peak-to-trough decline

-4.13%

-5.13%

+1.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

1.99%

-0.02%

Volatility

CSUS.L vs. PBUS - Volatility Comparison

iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.L) has a higher volatility of 3.25% compared to Invesco PureBeta MSCI USA ETF (PBUS) at 2.88%. This indicates that CSUS.L's price experiences larger fluctuations and is considered to be riskier than PBUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSUS.LPBUSDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

2.88%

+0.37%

Volatility (6M)

Calculated over the trailing 6-month period

8.62%

9.13%

-0.51%

Volatility (1Y)

Calculated over the trailing 1-year period

11.80%

12.06%

-0.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.74%

17.05%

-0.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.14%

19.33%

-2.19%

CSUS.L vs. PBUS - Expense Ratio Comparison

CSUS.L has a 0.33% expense ratio, which is higher than PBUS's 0.04% expense ratio.

Dividends

CSUS.L vs. PBUS - Dividend Comparison

CSUS.L has not paid dividends to shareholders, while PBUS's dividend yield for the trailing twelve months is around 0.98%.

PositionTTM202520242023202220212020201920182017
CSUS.L
iShares VII plc - iShares MSCI USA ETF USD Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PBUS
Invesco PureBeta MSCI USA ETF		0.98%1.05%1.20%1.36%1.71%0.98%1.35%1.53%2.33%0.50%

Frequently Asked Questions

CSUS.L and PBUS have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, PBUS is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

PBUS is cheaper with a 0.04% expense ratio, compared with 0.33% for CSUS.L.

CSUS.L is categorized as Large Cap Blend Equities, while PBUS is Large Cap Growth Equities. CSUS.L tracks Russell 1000 TR USD, while PBUS tracks MSCI USA Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.33% for CSUS.L and 0.04% for PBUS.

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