G500.L vs. SASU.L
G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) and SASU.L (iShares MSCI USA Screened UCITS ETF USD (Acc)) are both Global Equities funds - G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg) while SASU.L tracks the iShares MSCI USA Screened UCITS ETF USD (Acc). Both are passively managed. Over the past 5 years, G500.L returned 12.15%/yr vs 13.55%/yr for SASU.L. Their correlation of 0.82 suggests significant overlap in exposure. G500.L charges 0.05%/yr vs 0.07%/yr for SASU.L.
Performance
G500.L vs. SASU.L - Performance Comparison
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Different Trading Currencies
G500.L is traded in GBp, while SASU.L is traded in USD. To make them comparable, the SASU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with G500.L having a 9.90% return and SASU.L slightly lower at 9.52%.
G500.L
- 1D
- -0.05%
- 1M
- -0.03%
- 6M
- 9.49%
- YTD
- 9.90%
- 1Y
- 21.08%
- 3Y*
- 19.63%
- 5Y*
- 12.15%
- 10Y*
- —
SASU.L
- 1D
- 0.00%
- 1M
- -0.69%
- 6M
- 9.38%
- YTD
- 9.52%
- 1Y
- 20.76%
- 3Y*
- 19.46%
- 5Y*
- 13.55%
- 10Y*
- —
G500.L vs. SASU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 9.90% | 17.45% | 24.98% | 24.88% | -19.98% | 28.95% | 20.65% |
SASU.L iShares MSCI USA Screened UCITS ETF USD (Acc) | 9.52% | 9.44% | 29.12% | 24.16% | -11.99% | 29.47% | 13.43% |
Correlation
The correlation between G500.L and SASU.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.82 |
The correlation between G500.L and SASU.L has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.
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Return for Risk
G500.L vs. SASU.L — Risk / Return Rank
G500.L
SASU.L
G500.L vs. SASU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) and iShares MSCI USA Screened UCITS ETF USD (Acc) (SASU.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.
| G500.L | SASU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.47 | +0.18 |
| Martin ratioReturn relative to average drawdown | 10.68 | 8.03 | +2.65 |
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Drawdowns
G500.L vs. SASU.L - Drawdown Comparison
The maximum G500.L drawdown since its inception was -25.20%, roughly equal to the maximum SASU.L drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for G500.L and SASU.L.
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Drawdown Indicators
| G500.L | SASU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.20% | -26.18% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -8.95% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -22.50% | +4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -22.50% | -2.70% |
Current DrawdownCurrent decline from peak | -0.66% | -1.29% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -3.93% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.76% | -0.72% |
Volatility
G500.L vs. SASU.L - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) is 2.79%, while iShares MSCI USA Screened UCITS ETF USD (Acc) (SASU.L) has a volatility of 3.11%. This indicates that G500.L experiences smaller price fluctuations and is considered to be less risky than SASU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| G500.L | SASU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.11% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 9.95% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.06% | 13.20% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 16.35% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 17.82% | -1.95% |
G500.L vs. SASU.L - Expense Ratio Comparison
G500.L has a 0.05% expense ratio, which is lower than SASU.L's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
G500.L vs. SASU.L - Dividend Comparison
Neither G500.L nor SASU.L has paid dividends to shareholders.
Frequently Asked Questions
G500.L and SASU.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, G500.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G500.L is cheaper with a 0.05% expense ratio, compared with 0.07% for SASU.L.
G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg), while SASU.L tracks iShares MSCI USA Screened UCITS ETF USD (Acc). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.05% for G500.L and 0.07% for SASU.L.
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