GPSA.L vs. SAEU.L

Last updated Jun 13, 2026

GPSA.L (iShares MSCI USA ESG Screened UCITS ETF USD (Acc)) and SAEU.L (iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)) are both exchange-traded funds - GPSA.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while SAEU.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, GPSA.L returned 14.55%/yr vs 9.75%/yr for SAEU.L. A 0.61 correlation means they provide meaningful diversification when combined. GPSA.L charges 0.07%/yr vs 0.12%/yr for SAEU.L.

Performance

GPSA.L vs. SAEU.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 MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPSA.L achieves a 8.17% return, which is significantly higher than SAEU.L's 7.75% return.

GPSA.L

• 1D: 1.59%
• 1M: 1.14%
• YTD: 8.17%
• 6M: 8.47%
• 1Y: 26.18%
• 3Y*: 19.15%
• 5Y*: 14.55%
• 10Y*: —

SAEU.L

• 1D: 1.86%
• 1M: 4.26%
• YTD: 7.75%
• 6M: 9.40%
• 1Y: 19.05%
• 3Y*: 14.33%
• 5Y*: 9.75%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GPSA.L iShares MSCI USA ESG Screened UCITS ETF USD (Acc)	8.17%	9.68%	28.95%	23.61%	-11.94%	29.93%	17.87%	-0.58%	-8.95%
SAEU.L iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)	7.75%	24.50%	4.05%	15.17%	-5.84%	16.79%	4.11%	19.09%	-14.87%

Correlation

The correlation between GPSA.L and SAEU.L is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018	0.61

The correlation between GPSA.L and SAEU.L has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.

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

Sectors	GPSA.L	SAEU.L
Technology	40.6%	9.9%
Communication Services	11.7%	4.0%
Financial Services	11.7%	27.0%
Consumer Cyclical	10.6%	5.9%
Healthcare	9.0%	14.8%
Industrials	7.3%	19.3%
Consumer Defensive	2.5%	4.8%
Real Estate	2.0%	0.9%
Basic Materials	1.8%	5.1%
Energy	1.7%	2.7%
Utilities	1.2%	5.5%

Return for Risk

GPSA.L vs. SAEU.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: 73
GPSA.L Sharpe Ratio Rank: 79
GPSA.L Sortino Ratio Rank: 77
GPSA.L Omega Ratio Rank: 78
GPSA.L Calmar Ratio Rank: 66
GPSA.L Martin Ratio Rank: 63

SAEU.L

SAEU.L Risk / Return Rank: 45
SAEU.L Sharpe Ratio Rank: 48
SAEU.L Sortino Ratio Rank: 48
SAEU.L Omega Ratio Rank: 49
SAEU.L Calmar Ratio Rank: 38
SAEU.L Martin Ratio Rank: 42

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. SAEU.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 MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.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.

	GPSA.L	SAEU.L	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.49	+0.72
Sortino ratio: Return per unit of downside risk	2.99	2.14	+0.85
Omega ratio: Gain probability vs. loss probability	1.41	1.28	+0.13
Calmar ratio: Return relative to maximum drawdown	2.92	1.70	+1.22
Martin ratio: Return relative to average drawdown	10.07	6.09	+3.98

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

The current GPSA.L Sharpe Ratio is 2.21, which is higher than the SAEU.L Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of GPSA.L and SAEU.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

GPSA.L vs. SAEU.L - Drawdown Comparison

The maximum GPSA.L drawdown since its inception was -34.83%, which is greater than SAEU.L's maximum drawdown of -28.68%. Use the drawdown chart below to compare losses from any high point for GPSA.L and SAEU.L.

Drawdown Indicators

	GPSA.L	SAEU.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.83%	-28.68%	-6.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-11.17%	+2.24%
Max Drawdown (3Y) Largest decline over 3 years	-22.30%	-12.76%	-9.54%
Max Drawdown (5Y) Largest decline over 5 years	-22.30%	-17.74%	-4.56%
Current Drawdown Current decline from peak	-2.21%	0.00%	-2.21%
Average Drawdown Average peak-to-trough decline	-6.79%	-5.12%	-1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	3.12%	-0.53%

Volatility

GPSA.L vs. SAEU.L - Volatility Comparison

iShares MSCI USA ESG Screened UCITS ETF USD (Acc) (GPSA.L) has a higher volatility of 3.90% compared to iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.L) at 3.63%. This indicates that GPSA.L's price experiences larger fluctuations and is considered to be riskier than SAEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPSA.L	SAEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	3.63%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	8.32%	10.77%	-2.45%
Volatility (1Y) Calculated over the trailing 1-year period	11.79%	12.74%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.57%	16.30%	+4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.64%	18.23%	+3.41%

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

GPSA.L has a 0.07% expense ratio, which is lower than SAEU.L's 0.12% 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

GPSA.L vs. SAEU.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

GPSA.L and SAEU.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, GPSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

GPSA.L is cheaper with a 0.07% expense ratio, compared with 0.12% for SAEU.L.

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

GPSA.L is categorized as Large Cap Blend Equities, while SAEU.L is Europe Equities. GPSA.L tracks Russell 1000 TR USD, while SAEU.L tracks MSCI Europe NR EUR. Their fees differ too: 0.07% for GPSA.L and 0.12% for SAEU.L.