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IAEX.L vs. IGSG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAEX.L vs. IGSG.L

Last updated Jun 16, 2026

IAEX.L (iShares AEX UCITS ETF EUR (Dist)) and IGSG.L (iShares Dow Jones Global Sustainability Screened UCITS ETF USD (Acc)) are both exchange-traded funds - IAEX.L is a Europe Equities fund tracking the Euronext AEX All Share TR EUR, while IGSG.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IAEX.L returned 13.40%/yr vs 13.33%/yr for IGSG.L. Their correlation of 0.82 suggests significant overlap in exposure. IAEX.L charges 0.30%/yr vs 0.60%/yr for IGSG.L.

Performance

IAEX.L vs. IGSG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares AEX UCITS ETF EUR (Dist) (IAEX.L) and iShares Dow Jones Global Sustainability Screened UCITS ETF USD (Acc) (IGSG.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IAEX.L achieves a 13.70% return, which is significantly higher than IGSG.L's 8.54% return. Both investments have delivered pretty close results over the past 10 years, with IAEX.L having a 13.40% annualized return and IGSG.L not far behind at 13.33%.

IAEX.L

1D
-0.37%
1M
5.77%
YTD
13.70%
6M
13.17%
1Y
21.05%
3Y*
14.59%
5Y*
10.42%
10Y*
13.40%

IGSG.L

1D
1.08%
1M
2.53%
YTD
8.54%
6M
9.10%
1Y
23.09%
3Y*
14.68%
5Y*
11.42%
10Y*
13.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAEX.L vs. IGSG.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IAEX.L
iShares AEX UCITS ETF EUR (Dist)		13.70%16.14%8.60%14.11%-6.28%21.00%10.97%21.66%-7.74%20.82%
IGSG.L
iShares Dow Jones Global Sustainability Screened UCITS ETF USD (Acc)		8.54%14.21%12.74%19.46%-7.27%23.00%9.72%21.71%-3.46%11.82%

Correlation

The correlation between IAEX.L and IGSG.L is 0.66, 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

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.76

Correlation (10Y)
Calculated over the trailing 10-year period

0.82

Correlation (All Time)
Calculated using the full available price history since Jan 4, 2011

0.82

The correlation between IAEX.L and IGSG.L shifts across timeframes, from 0.66 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

IAEX.L vs. IGSG.L - Sectors Allocation Comparison

Sectors
IAEX.L
IGSG.L

Technology

28.0%
37.2%

Consumer Defensive

17.5%
1.8%

Financial Services

14.9%
19.0%

Energy

14.1%
3.6%

Industrials

8.2%
12.7%

Basic Materials

5.8%
5.3%

Consumer Cyclical

5.2%
3.4%

Communication Services

4.1%
3.4%

Healthcare

1.8%
8.8%

Real Estate

0.4%
2.0%

Utilities

-

3.0%

Technology

IAEX.L
28.0%
IGSG.L
37.2%

Consumer Defensive

IAEX.L
17.5%
IGSG.L
1.8%

Financial Services

IAEX.L
14.9%
IGSG.L
19.0%

Energy

IAEX.L
14.1%
IGSG.L
3.6%

Industrials

IAEX.L
8.2%
IGSG.L
12.7%

Basic Materials

IAEX.L
5.8%
IGSG.L
5.3%

Consumer Cyclical

IAEX.L
5.2%
IGSG.L
3.4%

Communication Services

IAEX.L
4.1%
IGSG.L
3.4%

Healthcare

IAEX.L
1.8%
IGSG.L
8.8%

Real Estate

IAEX.L
0.4%
IGSG.L
2.0%

Utilities

IAEX.L

-

IGSG.L
3.0%

Compare stocks, funds, or ETFs

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iShares AEX UCITS ETF EUR (Dist)

iShares Dow Jones Global Sustainability Screened UCITS ETF USD (Acc)

Often compared with IAEX.L:
IAEX.L vs. CSPX.LIAEX.L vs. CNDX.LIAEX.L vs. ^GSPCIAEX.L vs. VOOIAEX.L vs. VGTIAEX.L vs. VUSA.LIAEX.L vs. IUSA.L
Often compared with IGSG.L:
IGSG.L vs. CIND.LIGSG.L vs. VYMIGSG.L vs. VUSA.LIGSG.L vs. XDEQ.LIGSG.L vs. ^GSPCIGSG.L vs. SSAC.LIGSG.L vs. MWOZ.L

Return for Risk

IAEX.L vs. IGSG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAEX.L
IAEX.L Risk / Return Rank: 5252
Overall Rank
IAEX.L Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
IAEX.L Sortino Ratio Rank: 5050
Sortino Ratio Rank
IAEX.L Omega Ratio Rank: 4949
Omega Ratio Rank
IAEX.L Calmar Ratio Rank: 5959
Calmar Ratio Rank
IAEX.L Martin Ratio Rank: 5050
Martin Ratio Rank
IGSG.L
IGSG.L Risk / Return Rank: 6666
Overall Rank
IGSG.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
IGSG.L Sortino Ratio Rank: 6868
Sortino Ratio Rank
IGSG.L Omega Ratio Rank: 7070
Omega Ratio Rank
IGSG.L Calmar Ratio Rank: 5959
Calmar Ratio Rank
IGSG.L Martin Ratio Rank: 6363
Martin Ratio Rank
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.

IAEX.L vs. IGSG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares AEX UCITS ETF EUR (Dist) (IAEX.L) and iShares Dow Jones Global Sustainability Screened UCITS ETF USD (Acc) (IGSG.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.

IAEX.LIGSG.LDifference
Sharpe ratioReturn per unit of total volatility
1.64
2.14

-0.49

Sortino ratioReturn per unit of downside risk
2.31
2.91

-0.60

Omega ratioGain probability vs. loss probability

1.30

1.39

-0.10

Calmar ratioReturn relative to maximum drawdown

2.78

2.80

-0.02

Martin ratioReturn relative to average drawdown

8.06

10.74

-2.68

IAEX.L vs. IGSG.L - Sharpe Ratio Comparison

The current IAEX.L Sharpe Ratio is 1.64, which is comparable to the IGSG.L Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of IAEX.L and IGSG.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.

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Drawdowns

IAEX.L vs. IGSG.L - Drawdown Comparison

The maximum IAEX.L drawdown since its inception was -63.74%, which is greater than IGSG.L's maximum drawdown of -49.54%. Use the drawdown chart below to compare losses from any high point for IAEX.L and IGSG.L.

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Drawdown Indicators

IAEX.LIGSG.LDifference

Max Drawdown

Largest peak-to-trough decline

-63.74%

-49.54%

-14.20%

Max Drawdown (1Y)

Largest decline over 1 year

-7.54%

-8.21%

+0.67%

Max Drawdown (3Y)

Largest decline over 3 years

-12.80%

-20.05%

+7.25%

Max Drawdown (5Y)

Largest decline over 5 years

-21.96%

-20.05%

-1.91%

Max Drawdown (10Y)

Largest decline over 10 years

-28.85%

-24.74%

-4.11%

Current Drawdown

Current decline from peak

-0.37%

-0.75%

+0.38%

Average Drawdown

Average peak-to-trough decline

-16.63%

-13.20%

-3.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.60%

2.14%

+0.46%

Volatility

IAEX.L vs. IGSG.L - Volatility Comparison

The current volatility for iShares AEX UCITS ETF EUR (Dist) (IAEX.L) is 3.00%, while iShares Dow Jones Global Sustainability Screened UCITS ETF USD (Acc) (IGSG.L) has a volatility of 3.30%. This indicates that IAEX.L experiences smaller price fluctuations and is considered to be less risky than IGSG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IAEX.LIGSG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.00%

3.30%

-0.30%

Volatility (6M)

Calculated over the trailing 6-month period

10.37%

8.68%

+1.69%

Volatility (1Y)

Calculated over the trailing 1-year period

12.77%

10.77%

+2.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.20%

18.88%

-3.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.16%

17.22%

-1.06%

IAEX.L vs. IGSG.L - Expense Ratio Comparison

IAEX.L has a 0.30% expense ratio, which is lower than IGSG.L's 0.60% expense ratio.

Dividends

IAEX.L vs. IGSG.L - Dividend Comparison

IAEX.L's dividend yield for the trailing twelve months is around 0.96%, while IGSG.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IAEX.L
iShares AEX UCITS ETF EUR (Dist)		0.96%2.03%2.16%2.09%2.20%1.57%1.41%2.89%3.11%2.70%2.73%2.85%
IGSG.L
iShares Dow Jones Global Sustainability Screened UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IAEX.L and IGSG.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IAEX.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IAEX.L is cheaper with a 0.30% expense ratio, compared with 0.60% for IGSG.L.

IAEX.L is categorized as Europe Equities, while IGSG.L is Global Equities. IAEX.L tracks Euronext AEX All Share TR EUR, while IGSG.L tracks MSCI ACWI NR USD. Their fees differ too: 0.30% for IAEX.L and 0.60% for IGSG.L.

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