IAUS.L vs. LGUS.L
IAUS.L (iShares MSCI Australia UCITS ETF) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds - IAUS.L tracks the iShares MSCI Australia UCITS ETF while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 5 years, IAUS.L returned 6.53%/yr vs 12.82%/yr for LGUS.L. A 0.71 correlation means they provide meaningful diversification when combined. IAUS.L charges 0.50%/yr vs 0.05%/yr for LGUS.L.
Performance
IAUS.L vs. LGUS.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IAUS.L having a 10.19% return and LGUS.L slightly higher at 10.34%.
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%
LGUS.L
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 9.90%
- YTD
- 10.34%
- 1Y
- 21.64%
- 3Y*
- 20.40%
- 5Y*
- 12.82%
- 10Y*
- —
IAUS.L vs. LGUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IAUS.L iShares MSCI Australia UCITS ETF | 10.19% | 13.86% | 1.70% | 13.84% | -5.50% | 8.27% | 9.46% | 21.85% | -7.10% |
LGUS.L L&G US Equity UCITS ETF | 10.34% | 17.98% | 25.09% | 28.66% | -20.46% | 27.91% | 21.16% | 30.91% | -9.25% |
Correlation
The correlation between IAUS.L and LGUS.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.71 |
The correlation between IAUS.L and LGUS.L has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
IAUS.L vs. LGUS.L — Risk / Return Rank
IAUS.L
LGUS.L
IAUS.L vs. LGUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF (IAUS.L) and L&G US Equity UCITS ETF (LGUS.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 | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.32 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 2.59 | -1.24 |
| Martin ratioReturn relative to average drawdown | 3.32 | 9.99 | -6.67 |
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Drawdowns
IAUS.L vs. LGUS.L - Drawdown Comparison
The maximum IAUS.L drawdown since its inception was -44.76%, which is greater than LGUS.L's maximum drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for IAUS.L and LGUS.L.
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Drawdown Indicators
| IAUS.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.76% | -34.26% | -10.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -8.58% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -23.04% | -19.46% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -24.60% | -25.64% | +1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -44.76% | — | — |
Current DrawdownCurrent decline from peak | -4.27% | -0.49% | -3.78% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -5.30% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 2.23% | +1.72% |
Volatility
IAUS.L vs. LGUS.L - Volatility Comparison
iShares MSCI Australia UCITS ETF (IAUS.L) has a higher volatility of 4.06% compared to L&G US Equity UCITS ETF (LGUS.L) at 2.86%. This indicates that IAUS.L's price experiences larger fluctuations and is considered to be riskier than LGUS.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 | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 2.86% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 9.41% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 12.47% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.54% | 16.51% | +3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.75% | 18.10% | +2.65% |
IAUS.L vs. LGUS.L - Expense Ratio Comparison
IAUS.L has a 0.50% expense ratio, which is higher than LGUS.L's 0.05% expense ratio.
Dividends
IAUS.L vs. LGUS.L - Dividend Comparison
Neither IAUS.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
IAUS.L and LGUS.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.50% for IAUS.L.
IAUS.L tracks iShares MSCI Australia UCITS ETF, while LGUS.L tracks L&G US Equity UCITS ETF. They also come from different issuers: iShares and L&G. Their fees differ too: 0.50% for IAUS.L and 0.05% for LGUS.L.
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