EXCS.L vs. ^GSPC
EXCS.L (iShares MSCI EM ex-China UCITS ETF USD (Acc)) is Emerging Markets Equities fund tracking the MSCI EM NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, EXCS.L returned 26.11%/yr vs 17.84%/yr for ^GSPC. At a 0.40 correlation, their price movements are largely independent.
Performance
EXCS.L vs. ^GSPC - Performance Comparison
Loading charts...
Different Trading Currencies
EXCS.L is traded in GBP, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EXCS.L achieves a 41.08% return, which is significantly higher than ^GSPC's 10.75% return.
EXCS.L
- 1D
- -0.71%
- 1M
- 13.86%
- YTD
- 41.08%
- 6M
- 45.00%
- 1Y
- 77.57%
- 3Y*
- 26.11%
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- -0.47%
- 1M
- 5.75%
- YTD
- 10.75%
- 6M
- 9.70%
- 1Y
- 27.40%
- 3Y*
- 17.84%
- 5Y*
- 13.50%
- 10Y*
- 14.55%
EXCS.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EXCS.L iShares MSCI EM ex-China UCITS ETF USD (Acc) | 41.08% | 26.13% | 5.55% | 10.95% | -8.31% | 2.81% |
^GSPC S&P 500 Index | 10.75% | 8.10% | 25.46% | 18.02% | -9.86% | 0.73% |
Correlation
The correlation between EXCS.L and ^GSPC is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2021 | 0.40 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EXCS.L vs. ^GSPC — Risk / Return Rank
EXCS.L
^GSPC
EXCS.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ex-China UCITS ETF USD (Acc) (EXCS.L) and S&P 500 Index (^GSPC). 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.
| EXCS.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.45 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 6.54 | 3.43 | +3.11 |
| Martin ratioReturn relative to average drawdown | 23.94 | 12.79 | +11.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EXCS.L | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.11 | 2.38 | +1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.86 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.58 | +0.47 |
Drawdowns
EXCS.L vs. ^GSPC - Drawdown Comparison
The maximum EXCS.L drawdown since its inception was -17.51%, smaller than the maximum ^GSPC drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for EXCS.L and ^GSPC.
Loading charts...
Drawdown Indicators
| EXCS.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.51% | -37.07% | +19.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.81% | -8.03% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -17.51% | -22.15% | +4.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | -0.71% | -0.47% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -5.32% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.15% | +1.08% |
Volatility
EXCS.L vs. ^GSPC - Volatility Comparison
iShares MSCI EM ex-China UCITS ETF USD (Acc) (EXCS.L) has a higher volatility of 8.68% compared to S&P 500 Index (^GSPC) at 2.76%. This indicates that EXCS.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EXCS.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.68% | 2.76% | +5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 16.44% | 8.23% | +8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.79% | 11.56% | +7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.35% | 15.86% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 18.16% | -2.81% |
Frequently Asked Questions
EXCS.L and ^GSPC have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for EXCS.L and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer