IESU.L vs. ISAC.L
IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IESU.L tracks the iShares S&P 500 Energy Sector UCITS ETF USD (Acc) while ISAC.L tracks the MSCI All Country World Index (Net). Both are passively managed. Over the past 10 years, IESU.L returned 8.35%/yr vs 12.14%/yr for ISAC.L. At a 0.41 correlation, their price movements are largely independent. IESU.L charges 0.15%/yr vs 0.20%/yr for ISAC.L.
Performance
IESU.L vs. ISAC.L - Performance Comparison
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Different Trading Currencies
IESU.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, IESU.L achieves a 25.22% return, which is significantly higher than ISAC.L's 10.73% return. Over the past 10 years, IESU.L has underperformed ISAC.L with an annualized return of 8.35%, while ISAC.L has yielded a comparatively higher 12.14% annualized return.
IESU.L
- 1D
- 0.70%
- 1M
- 1.19%
- 6M
- 16.95%
- YTD
- 25.22%
- 1Y
- 30.64%
- 3Y*
- 13.17%
- 5Y*
- 22.17%
- 10Y*
- 8.35%
ISAC.L
- 1D
- -0.92%
- 1M
- -1.47%
- 6M
- 9.00%
- YTD
- 10.73%
- 1Y
- 22.42%
- 3Y*
- 17.72%
- 5Y*
- 11.51%
- 10Y*
- 12.14%
IESU.L vs. ISAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 25.22% | 2.26% | 5.45% | -5.96% | 83.53% | 53.82% | -35.62% | 5.37% | -13.39% | -10.01% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 10.73% | 13.64% | 19.87% | 16.44% | -8.43% | 19.97% | 12.26% | 20.97% | -4.37% | 13.64% |
Correlation
The correlation between IESU.L and ISAC.L is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.41 |
The correlation between IESU.L and ISAC.L shifts across timeframes, from -0.20 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IESU.L vs. ISAC.L — Risk / Return Rank
IESU.L
ISAC.L
IESU.L vs. ISAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.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.
| IESU.L | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.25 | -1.33 |
| Martin ratioReturn relative to average drawdown | 4.65 | 11.85 | -7.20 |
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Drawdowns
IESU.L vs. ISAC.L - Drawdown Comparison
The maximum IESU.L drawdown since its inception was -63.88%, which is greater than ISAC.L's maximum drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for IESU.L and ISAC.L.
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Drawdown Indicators
| IESU.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.88% | -25.84% | -38.04% |
Max Drawdown (1Y)Largest decline over 1 year | -17.34% | -6.88% | -10.46% |
Max Drawdown (3Y)Largest decline over 3 years | -26.36% | -18.33% | -8.03% |
Max Drawdown (5Y)Largest decline over 5 years | -26.36% | -18.33% | -8.03% |
Max Drawdown (10Y)Largest decline over 10 years | -62.16% | -25.84% | -36.32% |
Current DrawdownCurrent decline from peak | -13.00% | -2.45% | -10.55% |
Average DrawdownAverage peak-to-trough decline | -20.51% | -3.51% | -17.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.14% | 1.89% | +5.25% |
Volatility
IESU.L vs. ISAC.L - Volatility Comparison
iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) has a higher volatility of 7.43% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.31%. This indicates that IESU.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
| IESU.L | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 3.31% | +4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 21.63% | 10.05% | +11.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.53% | 12.43% | +12.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.07% | 14.39% | +14.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.15% | 15.40% | +13.75% |
IESU.L vs. ISAC.L - Expense Ratio Comparison
IESU.L has a 0.15% expense ratio, which is lower than ISAC.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IESU.L vs. ISAC.L - Dividend Comparison
Neither IESU.L nor ISAC.L has paid dividends to shareholders.
Frequently Asked Questions
IESU.L and ISAC.L have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESU.L is cheaper with a 0.15% expense ratio, compared with 0.20% for ISAC.L.
IESU.L tracks iShares S&P 500 Energy Sector UCITS ETF USD (Acc), while ISAC.L tracks MSCI All Country World Index (Net). Their fees differ too: 0.15% for IESU.L and 0.20% for ISAC.L.
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