DMAD.L vs. IMSU.L

Last updated Aug 2, 2026

DMAD.L (Global X Disruptive Materials UCITS ETF USD (Dist)) and IMSU.L (iShares S&P 500 Materials Sector UCITS ETF USD (Acc)) are both Materials funds - DMAD.L tracks the Solactive Disruptive Materials V2 Index while IMSU.L tracks the MSCI World/Materials NR USD. Both are passively managed. Over the past 3 years, DMAD.L returned 11.58%/yr vs 4.84%/yr for IMSU.L. Their 0.52 correlation means they have sometimes moved together and sometimes differently. DMAD.L charges 0.50%/yr vs 0.15%/yr for IMSU.L.

Performance

DMAD.L vs. IMSU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Global X Disruptive Materials UCITS ETF USD (Dist) (DMAD.L) and iShares S&P 500 Materials Sector UCITS ETF USD (Acc) (IMSU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DMAD.L is traded in GBP, while IMSU.L is traded in GBp. To make them comparable, the IMSU.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, DMAD.L achieves a -3.37% return, which is significantly lower than IMSU.L's 8.95% return.

DMAD.L

• 1D: -1.27%
• 1M: -9.20%
• 6M: -16.03%
• YTD: -3.37%
• 1Y: 48.57%
• 3Y*: 11.58%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.65%

IMSU.L

• 1D: -2.39%
• 1M: -5.09%
• 6M: 2.81%
• YTD: 8.95%
• 1Y: 14.23%
• 3Y*: 4.84%
• 5Y*: 5.84%
• 10Y*: —
• ALL TIME*: 5.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DMAD.L Global X Disruptive Materials UCITS ETF USD (Dist)	£68.98	£2.51K	£2.36K
IMSU.L iShares S&P 500 Materials Sector UCITS ETF USD (Acc)	£874.82	£958.32	£1.60K

DMAD.L vs. IMSU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DMAD.L Global X Disruptive Materials UCITS ETF USD (Dist)	-3.37%	83.26%	-5.93%	-23.95%	-12.91%
IMSU.L iShares S&P 500 Materials Sector UCITS ETF USD (Acc)	8.95%	3.37%	0.69%	6.26%	0.90%

Correlation

The correlation between DMAD.L and IMSU.L is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.56
Correlation (3Y) Balances recent behavior with more history.	0.50
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022	0.52

The correlation between DMAD.L and IMSU.L has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.

DMAD.L vs. IMSU.L - Sectors Allocation Comparison

Sectors	DMAD.L	IMSU.L
Basic Materials	88.8%	89.7%
Industrials	10.5%	-
Technology	0.7%	-
Communication Services	-	-
Consumer Cyclical	-	10.3%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

DMAD.L vs. IMSU.L — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DMAD.L

DMAD.L Risk / Return Rank: 49
DMAD.L Sharpe Ratio Rank: 56
DMAD.L Sortino Ratio Rank: 52
DMAD.L Omega Ratio Rank: 50
DMAD.L Calmar Ratio Rank: 45
DMAD.L Martin Ratio Rank: 39

IMSU.L

IMSU.L Risk / Return Rank: 31
IMSU.L Sharpe Ratio Rank: 31
IMSU.L Sortino Ratio Rank: 30
IMSU.L Omega Ratio Rank: 29
IMSU.L Calmar Ratio Rank: 33
IMSU.L Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DMAD.L vs. IMSU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Disruptive Materials UCITS ETF USD (Dist) (DMAD.L) and iShares S&P 500 Materials Sector UCITS ETF USD (Acc) (IMSU.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.

	DMAD.L	IMSU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.37	0.76	+0.61
Sortino ratio: Return per unit of downside risk	1.88	1.13	+0.75
Omega ratio: Gain probability vs. loss probability	1.23	1.14	+0.10
Calmar ratio: Return relative to maximum drawdown	1.64	1.13	+0.52
Martin ratio: Return relative to average drawdown	4.17	3.43	+0.74

DMAD.L vs. IMSU.L - Sharpe Ratio Comparison

The current DMAD.L Sharpe Ratio is 1.37, which is higher than the IMSU.L Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of DMAD.L and IMSU.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.

Drawdowns

DMAD.L vs. IMSU.L - Drawdown Comparison

The maximum DMAD.L drawdown since its inception was -47.80%, which is greater than IMSU.L's maximum drawdown of -33.22%. Use the drawdown chart below to compare losses from any high point for DMAD.L and IMSU.L.

Drawdown Indicators

	DMAD.L	IMSU.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.80%	-33.22%	-14.58%
Max Drawdown (1Y) Largest decline over 1 year	-28.75%	-10.76%	-17.99%
Max Drawdown (3Y) Largest decline over 3 years	-32.95%	-25.16%	-7.79%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.16%	—
Current Drawdown Current decline from peak	-26.62%	-6.53%	-20.09%
Average Drawdown Average peak-to-trough decline	-24.28%	-11.07%	-13.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.34%	3.54%	+7.80%

Volatility

DMAD.L vs. IMSU.L - Volatility Comparison

Global X Disruptive Materials UCITS ETF USD (Dist) (DMAD.L) has a higher volatility of 9.71% compared to iShares S&P 500 Materials Sector UCITS ETF USD (Acc) (IMSU.L) at 5.93%. This indicates that DMAD.L's price experiences larger fluctuations and is considered to be riskier than IMSU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMAD.L	IMSU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.71%	5.93%	+3.78%
Volatility (6M) Calculated over the trailing 6-month period	27.52%	13.22%	+14.30%
Volatility (1Y) Calculated over the trailing 1-year period	34.70%	16.03%	+18.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.17%	21.62%	+7.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.17%	24.91%	+4.26%

DMAD.L vs. IMSU.L - Expense Ratio Comparison

DMAD.L has a 0.50% expense ratio, which is higher than IMSU.L's 0.15% expense ratio.

Dividends

DMAD.L vs. IMSU.L - Dividend Comparison

DMAD.L's dividend yield for the trailing twelve months is around 0.88%, while IMSU.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
DMAD.L Global X Disruptive Materials UCITS ETF USD (Dist)	0.88%	0.74%	2.38%	1.32%
IMSU.L iShares S&P 500 Materials Sector UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DMAD.L and IMSU.L in my portfolio?

DMAD.L and IMSU.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DMAD.L or IMSU.L?

On fees, IMSU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DMAD.L or IMSU.L?

IMSU.L is cheaper with a 0.15% expense ratio, compared with 0.50% for DMAD.L.

What is the main difference between DMAD.L and IMSU.L?

DMAD.L tracks Solactive Disruptive Materials V2 Index, while IMSU.L tracks MSCI World/Materials NR USD. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for DMAD.L and 0.15% for IMSU.L.