IAUS.L vs. ISAC.L
IAUS.L (iShares MSCI Australia UCITS ETF) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IAUS.L tracks the iShares MSCI Australia UCITS ETF while ISAC.L tracks the MSCI All Country World Index (Net). Both are passively managed. Over the past 10 years, IAUS.L returned 7.82%/yr vs 12.44%/yr for ISAC.L. A 0.78 correlation means they provide meaningful diversification when combined. IAUS.L charges 0.50%/yr vs 0.20%/yr for ISAC.L.
Performance
IAUS.L vs. ISAC.L - Performance Comparison
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Returns By Period
In the year-to-date period, IAUS.L achieves a 10.19% return, which is significantly lower than ISAC.L's 11.18% return. Over the past 10 years, IAUS.L has underperformed ISAC.L with an annualized return of 7.82%, while ISAC.L has yielded a comparatively higher 12.44% annualized return.
IAUS.L
- 1D
- -0.35%
- 1M
- -0.56%
- 6M
- 9.67%
- YTD
- 10.19%
- 1Y
- 13.36%
- 3Y*
- 11.01%
- 5Y*
- 6.53%
- 10Y*
- 7.82%
ISAC.L
- 1D
- 0.12%
- 1M
- -0.60%
- 6M
- 9.67%
- YTD
- 11.18%
- 1Y
- 23.73%
- 3Y*
- 19.02%
- 5Y*
- 11.12%
- 10Y*
- 12.44%
IAUS.L vs. ISAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAUS.L iShares MSCI Australia UCITS ETF | 10.19% | 13.86% | 1.70% | 13.84% | -5.50% | 8.27% | 9.46% | 21.85% | -12.47% | 20.13% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 11.18% | 22.36% | 17.81% | 22.57% | -18.16% | 18.85% | 15.66% | 25.75% | -9.73% | 24.40% |
Correlation
The correlation between IAUS.L and ISAC.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2011 | 0.78 |
The correlation between IAUS.L and ISAC.L has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.
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Return for Risk
IAUS.L vs. ISAC.L — Risk / Return Rank
IAUS.L
ISAC.L
IAUS.L vs. ISAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF (IAUS.L) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.
| IAUS.L | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.34 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.70 | -1.34 |
| Martin ratioReturn relative to average drawdown | 3.32 | 10.76 | -7.44 |
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Drawdowns
IAUS.L vs. ISAC.L - Drawdown Comparison
The maximum IAUS.L drawdown since its inception was -44.76%, which is greater than ISAC.L's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for IAUS.L and ISAC.L.
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Drawdown Indicators
| IAUS.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.76% | -33.82% | -10.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -8.77% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -23.04% | -16.56% | -6.48% |
Max Drawdown (5Y)Largest decline over 5 years | -24.60% | -26.07% | +1.47% |
Max Drawdown (10Y)Largest decline over 10 years | -44.76% | -33.82% | -10.94% |
Current DrawdownCurrent decline from peak | -4.27% | -1.03% | -3.24% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -4.62% | -4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 2.20% | +1.75% |
Volatility
IAUS.L vs. ISAC.L - Volatility Comparison
iShares MSCI Australia UCITS ETF (IAUS.L) has a higher volatility of 4.06% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.18%. This indicates that IAUS.L's price experiences larger fluctuations and is considered to be riskier than ISAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAUS.L | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 3.18% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 10.57% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 12.88% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.54% | 15.65% | +3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.75% | 15.82% | +4.93% |
IAUS.L vs. ISAC.L - Expense Ratio Comparison
IAUS.L has a 0.50% expense ratio, which is higher than ISAC.L's 0.20% expense ratio.
Dividends
IAUS.L vs. ISAC.L - Dividend Comparison
Neither IAUS.L nor ISAC.L has paid dividends to shareholders.
Frequently Asked Questions
IAUS.L and ISAC.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.50% for IAUS.L.
IAUS.L tracks iShares MSCI Australia UCITS ETF, while ISAC.L tracks MSCI All Country World Index (Net). Their fees differ too: 0.50% for IAUS.L and 0.20% for ISAC.L.
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