IGSG.L vs. IAEX.L

Last updated Jun 16, 2026

IGSG.L (iShares Dow Jones Global Sustainability Screened UCITS ETF USD (Acc)) and IAEX.L (iShares AEX UCITS ETF EUR (Dist)) are both exchange-traded funds - IGSG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while IAEX.L is a Europe Equities fund tracking the Euronext AEX All Share TR EUR. Both are passively managed. Over the past 10 years, IGSG.L returned 13.33%/yr vs 13.40%/yr for IAEX.L. Their correlation of 0.82 suggests significant overlap in exposure. IGSG.L charges 0.60%/yr vs 0.30%/yr for IAEX.L.

Performance

IGSG.L vs. IAEX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Dow Jones Global Sustainability Screened UCITS ETF USD (Acc) (IGSG.L) and iShares AEX UCITS ETF EUR (Dist) (IAEX.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGSG.L achieves a 8.54% return, which is significantly lower than IAEX.L's 13.70% return. Both investments have delivered pretty close results over the past 10 years, with IGSG.L having a 13.33% annualized return and IAEX.L not far ahead at 13.40%.

IGSG.L

• 1D: 1.08%
• 1M: 2.53%
• YTD: 8.54%
• 6M: 9.10%
• 1Y: 23.09%
• 3Y*: 14.68%
• 5Y*: 11.42%
• 10Y*: 13.33%

IAEX.L

• 1D: -0.37%
• 1M: 5.77%
• YTD: 13.70%
• 6M: 13.17%
• 1Y: 21.05%
• 3Y*: 14.59%
• 5Y*: 10.42%
• 10Y*: 13.40%

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

IGSG.L vs. IAEX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGSG.L iShares Dow Jones Global Sustainability Screened UCITS ETF USD (Acc)	8.54%	14.21%	12.74%	19.46%	-7.27%	23.00%	9.72%	21.71%	-3.46%	11.82%
IAEX.L iShares AEX UCITS ETF EUR (Dist)	13.70%	16.14%	8.60%	14.11%	-6.28%	21.00%	10.97%	21.66%	-7.74%	20.82%

Correlation

The correlation between IGSG.L and IAEX.L is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011	0.82

The correlation between IGSG.L and IAEX.L shifts across timeframes, from 0.66 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

IGSG.L vs. IAEX.L - Sectors Allocation Comparison

Sectors	IGSG.L	IAEX.L
Technology	37.2%	28.0%
Financial Services	19.0%	14.9%
Industrials	12.7%	8.2%
Healthcare	8.8%	1.8%
Basic Materials	5.3%	5.8%
Energy	3.6%	14.1%
Communication Services	3.4%	4.1%
Consumer Cyclical	3.4%	5.2%
Utilities	3.0%	-
Real Estate	2.0%	0.4%
Consumer Defensive	1.8%	17.5%

Return for Risk

IGSG.L vs. IAEX.L — Risk / Return Rank

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

IGSG.L

IGSG.L Risk / Return Rank: 66
IGSG.L Sharpe Ratio Rank: 70
IGSG.L Sortino Ratio Rank: 68
IGSG.L Omega Ratio Rank: 70
IGSG.L Calmar Ratio Rank: 59
IGSG.L Martin Ratio Rank: 63

IAEX.L

IAEX.L Risk / Return Rank: 52
IAEX.L Sharpe Ratio Rank: 51
IAEX.L Sortino Ratio Rank: 50
IAEX.L Omega Ratio Rank: 49
IAEX.L Calmar Ratio Rank: 59
IAEX.L Martin Ratio Rank: 50

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.

IGSG.L vs. IAEX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Dow Jones Global Sustainability Screened UCITS ETF USD (Acc) (IGSG.L) and iShares AEX UCITS ETF EUR (Dist) (IAEX.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.

	IGSG.L	IAEX.L	Difference
Sharpe ratio: Return per unit of total volatility	2.14	1.64	+0.49
Sortino ratio: Return per unit of downside risk	2.91	2.31	+0.60
Omega ratio: Gain probability vs. loss probability	1.39	1.30	+0.10
Calmar ratio: Return relative to maximum drawdown	2.80	2.78	+0.02
Martin ratio: Return relative to average drawdown	10.74	8.06	+2.68

IGSG.L vs. IAEX.L - Sharpe Ratio Comparison

The current IGSG.L Sharpe Ratio is 2.14, which is higher than the IAEX.L Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of IGSG.L and IAEX.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.

Drawdowns

IGSG.L vs. IAEX.L - Drawdown Comparison

The maximum IGSG.L drawdown since its inception was -49.54%, smaller than the maximum IAEX.L drawdown of -63.74%. Use the drawdown chart below to compare losses from any high point for IGSG.L and IAEX.L.

Drawdown Indicators

	IGSG.L	IAEX.L	Difference
Max Drawdown Largest peak-to-trough decline	-49.54%	-63.74%	+14.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.21%	-7.54%	-0.67%
Max Drawdown (3Y) Largest decline over 3 years	-20.05%	-12.80%	-7.25%
Max Drawdown (5Y) Largest decline over 5 years	-20.05%	-21.96%	+1.91%
Max Drawdown (10Y) Largest decline over 10 years	-24.74%	-28.85%	+4.11%
Current Drawdown Current decline from peak	-0.75%	-0.37%	-0.38%
Average Drawdown Average peak-to-trough decline	-13.20%	-16.63%	+3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.60%	-0.46%

Volatility

IGSG.L vs. IAEX.L - Volatility Comparison

iShares Dow Jones Global Sustainability Screened UCITS ETF USD (Acc) (IGSG.L) has a higher volatility of 3.30% compared to iShares AEX UCITS ETF EUR (Dist) (IAEX.L) at 3.00%. This indicates that IGSG.L's price experiences larger fluctuations and is considered to be riskier than IAEX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGSG.L	IAEX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	3.00%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	8.68%	10.37%	-1.69%
Volatility (1Y) Calculated over the trailing 1-year period	10.77%	12.77%	-2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	15.20%	+3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.22%	16.16%	+1.06%

IGSG.L vs. IAEX.L - Expense Ratio Comparison

IGSG.L has a 0.60% expense ratio, which is higher than IAEX.L's 0.30% expense ratio.

Dividends

IGSG.L vs. IAEX.L - Dividend Comparison

IGSG.L has not paid dividends to shareholders, while IAEX.L's dividend yield for the trailing twelve months is around 0.96%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IAEX.L iShares AEX UCITS ETF EUR (Dist)	0.96%	2.03%	2.16%	2.09%	2.20%	1.57%	1.41%	2.89%	3.11%	2.70%	2.73%	2.85%
IGSG.L iShares Dow Jones Global Sustainability Screened UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGSG.L and IAEX.L in my portfolio?

IGSG.L and IAEX.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGSG.L or IAEX.L?

On fees, IAEX.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGSG.L or IAEX.L?

IAEX.L is cheaper with a 0.30% expense ratio, compared with 0.60% for IGSG.L.

What is the main difference between IGSG.L and IAEX.L?

IGSG.L is categorized as Global Equities, while IAEX.L is Europe Equities. IGSG.L tracks MSCI ACWI NR USD, while IAEX.L tracks Euronext AEX All Share TR EUR. Their fees differ too: 0.60% for IGSG.L and 0.30% for IAEX.L.