GPSA.L vs. I500.L

Last updated Jun 5, 2026

GPSA.L (iShares MSCI USA ESG Screened UCITS ETF USD (Acc)) and I500.L (iShares S&P 500 Swap UCITS ETF) are both exchange-traded funds - GPSA.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while I500.L is a S&P 500 fund tracking the S&P 500 Net Dividends Reinvested Index (Net USD). Both are passively managed. Over the past 5 years, GPSA.L returned 15.27%/yr vs 15.15%/yr for I500.L. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.07% expense ratio.

Performance

GPSA.L vs. I500.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI USA ESG Screened UCITS ETF USD (Acc) (GPSA.L) and iShares S&P 500 Swap UCITS ETF (I500.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with GPSA.L having a 10.42% return and I500.L slightly higher at 10.61%.

GPSA.L

• 1D: 0.14%
• 1M: 4.94%
• YTD: 10.42%
• 6M: 9.60%
• 1Y: 29.51%
• 3Y*: 20.13%
• 5Y*: 15.27%
• 10Y*: —

I500.L

• 1D: 0.05%
• 1M: 4.55%
• YTD: 10.61%
• 6M: 9.88%
• 1Y: 29.25%
• 3Y*: 19.22%
• 5Y*: 15.15%
• 10Y*: —

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

GPSA.L vs. I500.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GPSA.L iShares MSCI USA ESG Screened UCITS ETF USD (Acc)	10.42%	9.72%	28.95%	23.60%	-11.94%	29.93%	6.69%
I500.L iShares S&P 500 Swap UCITS ETF	10.61%	9.56%	27.57%	20.04%	-8.74%	31.23%	5.72%

Correlation

The correlation between GPSA.L and I500.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020	0.99

The correlation between GPSA.L and I500.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

GPSA.L vs. I500.L - Sectors Allocation Comparison

Sectors	GPSA.L	I500.L
Technology	40.6%	35.6%
Communication Services	11.7%	11.2%
Financial Services	11.7%	11.8%
Consumer Cyclical	10.6%	10.1%
Healthcare	9.0%	8.5%
Industrials	7.3%	8.3%
Consumer Defensive	2.5%	4.9%
Real Estate	2.0%	1.9%
Basic Materials	1.8%	1.8%
Energy	1.7%	3.5%
Utilities	1.2%	2.4%

Return for Risk

GPSA.L vs. I500.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GPSA.L

GPSA.L Risk / Return Rank: 75
GPSA.L Sharpe Ratio Rank: 81
GPSA.L Sortino Ratio Rank: 79
GPSA.L Omega Ratio Rank: 81
GPSA.L Calmar Ratio Rank: 68
GPSA.L Martin Ratio Rank: 64

I500.L

I500.L Risk / Return Rank: 83
I500.L Sharpe Ratio Rank: 86
I500.L Sortino Ratio Rank: 85
I500.L Omega Ratio Rank: 86
I500.L Calmar Ratio Rank: 80
I500.L Martin Ratio Rank: 79

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.

GPSA.L vs. I500.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA ESG Screened UCITS ETF USD (Acc) (GPSA.L) and iShares S&P 500 Swap UCITS ETF (I500.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.

	GPSA.L	I500.L	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.81	-0.22
Sortino ratio: Return per unit of downside risk	3.49	3.77	-0.28
Omega ratio: Gain probability vs. loss probability	1.48	1.52	-0.05
Calmar ratio: Return relative to maximum drawdown	3.32	4.13	-0.81
Martin ratio: Return relative to average drawdown	11.67	15.23	-3.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPSA.L vs. I500.L - Sharpe Ratio Comparison

The current GPSA.L Sharpe Ratio is 2.59, which is comparable to the I500.L Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of GPSA.L and I500.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.

Sharpe Ratios by Period

	GPSA.L	I500.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.81	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	1.07	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	1.13	-0.18

Drawdowns

GPSA.L vs. I500.L - Drawdown Comparison

The maximum GPSA.L drawdown since its inception was -23.14%, which is greater than I500.L's maximum drawdown of -20.75%. Use the drawdown chart below to compare losses from any high point for GPSA.L and I500.L.

Drawdown Indicators

	GPSA.L	I500.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.14%	-20.75%	-2.39%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-7.08%	-1.87%
Max Drawdown (3Y) Largest decline over 3 years	-22.33%	-20.75%	-1.58%
Max Drawdown (5Y) Largest decline over 5 years	-22.33%	-20.75%	-1.58%
Current Drawdown Current decline from peak	-0.19%	-0.23%	+0.04%
Average Drawdown Average peak-to-trough decline	-4.09%	-3.35%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	1.92%	+0.63%

Volatility

GPSA.L vs. I500.L - Volatility Comparison

iShares MSCI USA ESG Screened UCITS ETF USD (Acc) (GPSA.L) has a higher volatility of 2.87% compared to iShares S&P 500 Swap UCITS ETF (I500.L) at 2.59%. This indicates that GPSA.L's price experiences larger fluctuations and is considered to be riskier than I500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPSA.L	I500.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	2.59%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	7.86%	7.12%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	11.45%	10.40%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.12%	14.21%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	14.30%	+2.40%

GPSA.L vs. I500.L - Expense Ratio Comparison

Both GPSA.L and I500.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

GPSA.L vs. I500.L - Dividend Comparison

Neither GPSA.L nor I500.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GPSA.L and I500.L in my portfolio?

With a correlation of 0.99, GPSA.L and I500.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GPSA.L or I500.L?

Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GPSA.L or I500.L?

GPSA.L and I500.L have the same expense ratio: 0.07% per year.

What is the main difference between GPSA.L and I500.L?

GPSA.L is categorized as Large Cap Blend Equities, while I500.L is S&P 500. GPSA.L tracks Russell 1000 TR USD, while I500.L tracks S&P 500 Net Dividends Reinvested Index (Net USD).