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IESG.L vs. ISAC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IESG.L vs. ISAC.L

Last updated Jun 5, 2026

IESG.L (iShares MSCI Europe SRI UCITS ETF) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - IESG.L is a ESG fund tracking the MSCI Europe SRI Select Reduced Fossil Fuel Index, while ISAC.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, IESG.L returned 8.90%/yr vs 13.48%/yr for ISAC.L. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

IESG.L vs. ISAC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe SRI UCITS ETF (IESG.L) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, IESG.L achieves a 6.07% return, which is significantly lower than ISAC.L's 12.06% return. Over the past 10 years, IESG.L has underperformed ISAC.L with an annualized return of 8.90%, while ISAC.L has yielded a comparatively higher 13.48% annualized return.

IESG.L

1D
0.99%
1M
3.90%
YTD
6.07%
6M
7.58%
1Y
8.35%
3Y*
7.12%
5Y*
5.54%
10Y*
8.90%

ISAC.L

1D
0.00%
1M
5.28%
YTD
12.06%
6M
12.30%
1Y
30.14%
3Y*
18.17%
5Y*
12.60%
10Y*
13.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IESG.L vs. ISAC.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IESG.L
iShares MSCI Europe SRI UCITS ETF		6.07%8.44%0.88%14.27%-9.89%18.85%9.51%22.59%-6.20%15.83%
ISAC.L
iShares MSCI ACWI UCITS ETF USD (Acc)		11.99%13.64%19.87%16.44%-8.43%19.97%12.26%20.98%-4.37%13.63%

Correlation

The correlation between IESG.L and ISAC.L is 0.70, 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

0.70

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

0.68

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

0.71

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

0.76

Correlation (All Time)
Calculated using the full available price history since Nov 29, 2011

0.74

The correlation between IESG.L and ISAC.L has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.

IESG.L vs. ISAC.L - Sectors Allocation Comparison

Sectors
IESG.L
ISAC.L

Financial Services

23.1%
17.3%

Industrials

20.5%
9.0%

Healthcare

13.4%
7.8%

Technology

12.5%
33.9%

Consumer Defensive

9.4%
4.4%

Consumer Cyclical

6.6%
8.5%

Basic Materials

5.3%
2.9%

Utilities

4.2%
2.2%

Communication Services

3.7%
8.6%

Real Estate

1.4%
1.2%

Energy

-

3.6%

Financial Services

IESG.L
23.1%
ISAC.L
17.3%

Industrials

IESG.L
20.5%
ISAC.L
9.0%

Healthcare

IESG.L
13.4%
ISAC.L
7.8%

Technology

IESG.L
12.5%
ISAC.L
33.9%

Consumer Defensive

IESG.L
9.4%
ISAC.L
4.4%

Consumer Cyclical

IESG.L
6.6%
ISAC.L
8.5%

Basic Materials

IESG.L
5.3%
ISAC.L
2.9%

Utilities

IESG.L
4.2%
ISAC.L
2.2%

Communication Services

IESG.L
3.7%
ISAC.L
8.6%

Real Estate

IESG.L
1.4%
ISAC.L
1.2%

Energy

IESG.L

-

ISAC.L
3.6%

Compare stocks, funds, or ETFs

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iShares MSCI Europe SRI UCITS ETF

iShares MSCI ACWI UCITS ETF USD (Acc)

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Often compared with ISAC.L:
ISAC.L vs. VWRA.LISAC.L vs. SSAC.LISAC.L vs. IWDA.LISAC.L vs. VTISAC.L vs. SWDA.LISAC.L vs. VOOISAC.L vs. SWRD.L

Return for Risk

IESG.L vs. ISAC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IESG.L
IESG.L Risk / Return Rank: 2020
Overall Rank
IESG.L Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
IESG.L Sortino Ratio Rank: 2020
Sortino Ratio Rank
IESG.L Omega Ratio Rank: 2020
Omega Ratio Rank
IESG.L Calmar Ratio Rank: 1919
Calmar Ratio Rank
IESG.L Martin Ratio Rank: 2121
Martin Ratio Rank
ISAC.L
ISAC.L Risk / Return Rank: 7373
Overall Rank
ISAC.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ISAC.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
ISAC.L Omega Ratio Rank: 7373
Omega Ratio Rank
ISAC.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
ISAC.L Martin Ratio Rank: 7474
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.

IESG.L vs. ISAC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe SRI UCITS ETF (IESG.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.

IESG.LISAC.LDifference
Sharpe ratioReturn per unit of total volatility
0.65
2.52

-1.87

Sortino ratioReturn per unit of downside risk
1.00
3.48

-2.48

Omega ratioGain probability vs. loss probability

1.12

1.48

-0.35

Calmar ratioReturn relative to maximum drawdown

0.73

4.36

-3.63

Martin ratioReturn relative to average drawdown

2.41

16.74

-14.34

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IESG.L vs. ISAC.L - Sharpe Ratio Comparison

The current IESG.L Sharpe Ratio is 0.65, which is lower than the ISAC.L Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of IESG.L and ISAC.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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Sharpe Ratios by Period

IESG.LISAC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.65

2.52

-1.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.39

0.88

-0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.87

-0.27

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.86

-0.34

Drawdowns

IESG.L vs. ISAC.L - Drawdown Comparison

The maximum IESG.L drawdown since its inception was -25.95%, roughly equal to the maximum ISAC.L drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for IESG.L and ISAC.L.

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Drawdown Indicators

IESG.LISAC.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.95%

-25.84%

-0.11%

Max Drawdown (1Y)

Largest decline over 1 year

-11.32%

-6.88%

-4.44%

Max Drawdown (3Y)

Largest decline over 3 years

-15.07%

-18.33%

+3.26%

Max Drawdown (5Y)

Largest decline over 5 years

-20.77%

-18.33%

-2.44%

Max Drawdown (10Y)

Largest decline over 10 years

-25.95%

-25.84%

-0.11%

Current Drawdown

Current decline from peak

0.00%

-0.36%

+0.36%

Average Drawdown

Average peak-to-trough decline

-4.72%

-3.56%

-1.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.46%

1.80%

+1.66%

Volatility

IESG.L vs. ISAC.L - Volatility Comparison

iShares MSCI Europe SRI UCITS ETF (IESG.L) has a higher volatility of 3.93% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.74%. This indicates that IESG.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

IESG.LISAC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.93%

3.74%

+0.19%

Volatility (6M)

Calculated over the trailing 6-month period

10.43%

9.25%

+1.18%

Volatility (1Y)

Calculated over the trailing 1-year period

12.75%

11.90%

+0.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.15%

14.29%

-0.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.84%

15.49%

-0.65%

IESG.L vs. ISAC.L - Expense Ratio Comparison

Both IESG.L and ISAC.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IESG.L vs. ISAC.L - Dividend Comparison

Neither IESG.L nor ISAC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

IESG.L and ISAC.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IESG.L and ISAC.L have the same expense ratio: 0.20% per year.

IESG.L is categorized as ESG, while ISAC.L is Global Equities. IESG.L tracks MSCI Europe SRI Select Reduced Fossil Fuel Index, while ISAC.L tracks MSCI ACWI Index.

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