IGUS.L vs. FEUS

Last updated Jun 14, 2026

IGUS.L (iShares S&P 500 GBP Hedged UCITS ETF) and FEUS (FlexShares ESG & Climate US Large Cap Core Index Fund) are both exchange-traded funds - IGUS.L is a S&P 500 fund tracking the S&P 500 Index, while FEUS is a Large Cap Blend Equities fund tracking the Northern Trust ESG & Climate US Large Cap Core Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, IGUS.L returned 19.90%/yr vs 16.45%/yr for FEUS. At a 0.43 correlation, their price movements are largely independent. IGUS.L charges 0.20%/yr vs 0.09%/yr for FEUS.

Performance

IGUS.L vs. FEUS - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) and FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IGUS.L achieves a 7.87% return, which is significantly lower than FEUS's 8.81% return.

IGUS.L

• 1D: 2.06%
• 1M: -0.82%
• YTD: 7.87%
• 6M: 9.06%
• 1Y: 24.08%
• 3Y*: 19.90%
• 5Y*: 11.97%
• 10Y*: 13.52%

FEUS

• 1D: 0.52%
• 1M: -0.81%
• YTD: 8.81%
• 6M: 8.25%
• 1Y: 25.62%
• 3Y*: 16.45%
• 5Y*: —
• 10Y*: —

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

IGUS.L vs. FEUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IGUS.L iShares S&P 500 GBP Hedged UCITS ETF	7.87%	17.39%	24.64%	24.49%	-20.60%	9.26%
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	8.81%	6.50%	25.25%	19.27%	-9.48%	10.40%

Correlation

The correlation between IGUS.L and FEUS is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021	0.43

The correlation between IGUS.L and FEUS has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.

IGUS.L vs. FEUS - Sectors Allocation Comparison

Sectors	IGUS.L	FEUS
Technology	35.6%	39.0%
Financial Services	11.8%	11.2%
Communication Services	11.2%	10.4%
Consumer Cyclical	10.2%	10.4%
Healthcare	8.5%	8.2%
Industrials	8.3%	8.0%
Consumer Defensive	4.9%	4.2%
Energy	3.5%	3.4%
Utilities	2.3%	1.7%
Real Estate	1.9%	2.0%
Basic Materials	1.8%	1.5%

Return for Risk

IGUS.L vs. FEUS — Risk / Return Rank

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

IGUS.L

IGUS.L Risk / Return Rank: 69
IGUS.L Sharpe Ratio Rank: 68
IGUS.L Sortino Ratio Rank: 73
IGUS.L Omega Ratio Rank: 68
IGUS.L Calmar Ratio Rank: 63
IGUS.L Martin Ratio Rank: 72

FEUS

FEUS Risk / Return Rank: 59
FEUS Sharpe Ratio Rank: 61
FEUS Sortino Ratio Rank: 59
FEUS Omega Ratio Rank: 60
FEUS Calmar Ratio Rank: 53
FEUS Martin Ratio Rank: 61

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.

IGUS.L vs. FEUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) and FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS). 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.

	IGUS.L	FEUS	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.04	-0.11
Sortino ratio: Return per unit of downside risk	2.85	2.64	+0.21
Omega ratio: Gain probability vs. loss probability	1.35	1.37	-0.02
Calmar ratio: Return relative to maximum drawdown	2.79	2.88	-0.09
Martin ratio: Return relative to average drawdown	11.79	10.12	+1.67

IGUS.L vs. FEUS - Sharpe Ratio Comparison

The current IGUS.L Sharpe Ratio is 1.93, which is comparable to the FEUS Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of IGUS.L and FEUS, 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

IGUS.L vs. FEUS - Drawdown Comparison

The maximum IGUS.L drawdown since its inception was -36.66%, which is greater than FEUS's maximum drawdown of -22.50%. Use the drawdown chart below to compare losses from any high point for IGUS.L and FEUS.

Drawdown Indicators

	IGUS.L	FEUS	Difference
Max Drawdown Largest peak-to-trough decline	-36.66%	-22.50%	-14.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-8.51%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-22.50%	+3.52%
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.66%	—	—
Current Drawdown Current decline from peak	-2.23%	-2.33%	+0.10%
Average Drawdown Average peak-to-trough decline	-4.12%	-4.37%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.41%	-0.41%

Volatility

IGUS.L vs. FEUS - Volatility Comparison

iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) and FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) have volatilities of 4.04% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGUS.L	FEUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	3.92%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	9.13%	9.00%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	12.18%	11.99%	+0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	16.01%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	16.01%	+0.59%

IGUS.L vs. FEUS - Expense Ratio Comparison

IGUS.L has a 0.20% expense ratio, which is higher than FEUS's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IGUS.L vs. FEUS - Dividend Comparison

IGUS.L has not paid dividends to shareholders, while FEUS's dividend yield for the trailing twelve months is around 1.00%.

Position	TTM	2025	2024	2023	2022	2021
FEUS FlexShares ESG & Climate US Large Cap Core Index Fund	1.00%	1.06%	1.15%	1.41%	1.48%	0.36%
IGUS.L iShares S&P 500 GBP Hedged UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGUS.L and FEUS in my portfolio?

IGUS.L and FEUS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGUS.L or FEUS?

On fees, FEUS is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGUS.L or FEUS?

FEUS is cheaper with a 0.09% expense ratio, compared with 0.20% for IGUS.L.

What is the main difference between IGUS.L and FEUS?

IGUS.L is categorized as S&P 500, while FEUS is Large Cap Blend Equities. IGUS.L tracks S&P 500 Index, while FEUS tracks Northern Trust ESG & Climate US Large Cap Core Index - Benchmark TR Gross. They also come from different issuers: iShares and FlexShares. Their fees differ too: 0.20% for IGUS.L and 0.09% for FEUS.