IAU vs. SUUS.L

Last updated Jun 9, 2026

IAU (iShares Gold Trust) and SUUS.L (iShares MSCI USA SRI UCITS ETF USD (Acc)) are both exchange-traded funds - IAU is a Gold fund tracking the LBMA Gold Price, while SUUS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, IAU returned 17.71%/yr vs 10.78%/yr for SUUS.L. At a 0.10 correlation, their price movements are largely independent. IAU charges 0.25%/yr vs 0.20%/yr for SUUS.L.

Performance

IAU vs. SUUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Gold Trust (IAU) and iShares MSCI USA SRI UCITS ETF USD (Acc) (SUUS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IAU is traded in USD, while SUUS.L is traded in GBp. To make them comparable, the SUUS.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IAU achieves a 0.26% return, which is significantly lower than SUUS.L's 11.98% return.

IAU

• 1D: 0.20%
• 1M: -8.43%
• YTD: 0.26%
• 6M: 3.08%
• 1Y: 30.27%
• 3Y*: 29.88%
• 5Y*: 17.71%
• 10Y*: 12.71%

SUUS.L

• 1D: 0.22%
• 1M: 1.22%
• YTD: 11.98%
• 6M: 13.12%
• 1Y: 22.55%
• 3Y*: 16.60%
• 5Y*: 10.78%
• 10Y*: —

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

IAU vs. SUUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IAU iShares Gold Trust	0.26%	63.95%	26.85%	12.84%	-0.63%	-4.00%	25.03%	17.98%	-1.76%	12.91%
SUUS.L iShares MSCI USA SRI UCITS ETF USD (Acc)	11.98%	11.25%	13.92%	23.78%	-18.70%	31.68%	25.25%	32.47%	-2.94%	23.22%

Correlation

The correlation between IAU and SUUS.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jul 11, 2016	0.10

IAU vs. SUUS.L - Sectors Allocation Comparison

Sectors	IAU	SUUS.L
Real Estate	100.0%	2.1%
Basic Materials	-	2.5%
Communication Services	-	9.1%
Consumer Cyclical	-	9.3%
Consumer Defensive	-	5.4%
Energy	-	-
Financial Services	-	11.8%
Healthcare	-	8.6%
Industrials	-	8.1%
Technology	-	41.6%
Utilities	-	1.5%

Return for Risk

IAU vs. SUUS.L — Risk / Return Rank

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

IAU

IAU Risk / Return Rank: 33
IAU Sharpe Ratio Rank: 35
IAU Sortino Ratio Rank: 31
IAU Omega Ratio Rank: 38
IAU Calmar Ratio Rank: 34
IAU Martin Ratio Rank: 29

SUUS.L

SUUS.L Risk / Return Rank: 71
SUUS.L Sharpe Ratio Rank: 71
SUUS.L Sortino Ratio Rank: 72
SUUS.L Omega Ratio Rank: 69
SUUS.L Calmar Ratio Rank: 73
SUUS.L Martin Ratio Rank: 68

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.

IAU vs. SUUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust (IAU) and iShares MSCI USA SRI UCITS ETF USD (Acc) (SUUS.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.

	IAU	SUUS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.82	-0.68
Sortino ratio: Return per unit of downside risk	1.52	2.70	-1.18
Omega ratio: Gain probability vs. loss probability	1.23	1.32	-0.09
Calmar ratio: Return relative to maximum drawdown	1.52	2.51	-1.00
Martin ratio: Return relative to average drawdown	3.80	9.76	-5.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IAU vs. SUUS.L - Sharpe Ratio Comparison

The current IAU Sharpe Ratio is 1.14, which is lower than the SUUS.L Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of IAU and SUUS.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

	IAU	SUUS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	1.82	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.51	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.57	+0.04

Drawdowns

IAU vs. SUUS.L - Drawdown Comparison

The maximum IAU drawdown since its inception was -45.14%, which is greater than SUUS.L's maximum drawdown of -32.59%. Use the drawdown chart below to compare losses from any high point for IAU and SUUS.L.

Drawdown Indicators

	IAU	SUUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.14%	-32.59%	-12.55%
Max Drawdown (1Y) Largest decline over 1 year	-20.04%	-8.93%	-11.11%
Max Drawdown (3Y) Largest decline over 3 years	-20.04%	-19.94%	-0.10%
Max Drawdown (5Y) Largest decline over 5 years	-20.93%	-26.32%	+5.39%
Max Drawdown (10Y) Largest decline over 10 years	-21.82%	—	—
Current Drawdown Current decline from peak	-19.88%	-1.67%	-18.21%
Average Drawdown Average peak-to-trough decline	-15.97%	-7.50%	-8.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.99%	2.31%	+5.68%

Volatility

IAU vs. SUUS.L - Volatility Comparison

iShares Gold Trust (IAU) has a higher volatility of 5.64% compared to iShares MSCI USA SRI UCITS ETF USD (Acc) (SUUS.L) at 4.02%. This indicates that IAU's price experiences larger fluctuations and is considered to be riskier than SUUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAU	SUUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.64%	4.02%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	23.33%	9.44%	+13.89%
Volatility (1Y) Calculated over the trailing 1-year period	26.68%	12.34%	+14.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.02%	21.13%	-3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.94%	20.61%	-4.67%

IAU vs. SUUS.L - Expense Ratio Comparison

IAU has a 0.25% expense ratio, which is higher than SUUS.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IAU vs. SUUS.L - Dividend Comparison

Neither IAU nor SUUS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IAU and SUUS.L in my portfolio?

IAU and SUUS.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IAU or SUUS.L?

On fees, SUUS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IAU or SUUS.L?

SUUS.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IAU.

What is the main difference between IAU and SUUS.L?

IAU is categorized as Gold, while SUUS.L is Large Cap Blend Equities. IAU tracks LBMA Gold Price, while SUUS.L tracks Russell 1000 TR USD. Their fees differ too: 0.25% for IAU and 0.20% for SUUS.L.