IGUS.L vs. IISU.L

Last updated Jun 26, 2026

IGUS.L (iShares S&P 500 GBP Hedged UCITS ETF) and IISU.L (iShares S&P 500 Industrials Sector UCITS ETF USD (Acc)) are both exchange-traded funds - IGUS.L is a S&P 500 fund tracking the S&P 500 Index, while IISU.L is a Industrials Equities fund tracking the S&P 500 Capped 35/20 Industrials Index. Both are passively managed. Over the past 5 years, IGUS.L returned 11.54%/yr vs 14.99%/yr for IISU.L. A 0.60 correlation means they provide meaningful diversification when combined. IGUS.L charges 0.20%/yr vs 0.15%/yr for IISU.L.

Performance

IGUS.L vs. IISU.L - 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 iShares S&P 500 Industrials Sector UCITS ETF USD (Acc) (IISU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGUS.L achieves a 6.90% return, which is significantly lower than IISU.L's 20.55% return.

IGUS.L

• 1D: -0.62%
• 1M: -1.83%
• YTD: 6.90%
• 6M: 6.64%
• 1Y: 21.47%
• 3Y*: 19.81%
• 5Y*: 11.54%
• 10Y*: 13.82%

IISU.L

• 1D: 1.24%
• 1M: 8.07%
• YTD: 20.55%
• 6M: 20.59%
• 1Y: 33.37%
• 3Y*: 21.00%
• 5Y*: 14.99%
• 10Y*: —

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

IGUS.L vs. IISU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGUS.L iShares S&P 500 GBP Hedged UCITS ETF	6.90%	17.39%	24.64%	24.49%	-20.60%	28.57%	14.63%	27.27%	-7.47%	14.63%
IISU.L iShares S&P 500 Industrials Sector UCITS ETF USD (Acc)	20.55%	11.24%	19.29%	11.45%	6.06%	22.20%	6.25%	24.46%	-8.76%	-14.06%

Correlation

The correlation between IGUS.L and IISU.L 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	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Mar 22, 2017	0.60

The correlation between IGUS.L and IISU.L has been stable across timeframes, ranging from 0.51 to 0.60 - a consistent structural relationship.

IGUS.L vs. IISU.L - Sectors Allocation Comparison

Sectors	IGUS.L	IISU.L
Technology	39.0%	3.5%
Financial Services	11.1%	-
Communication Services	10.7%	-
Consumer Cyclical	9.9%	0.5%
Healthcare	8.3%	-
Industrials	7.8%	90.5%
Consumer Defensive	4.5%	-
Energy	3.1%	-
Utilities	2.1%	5.3%
Real Estate	1.8%	-
Basic Materials	1.7%	0.2%

Return for Risk

IGUS.L vs. IISU.L — 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: 62
IGUS.L Sharpe Ratio Rank: 60
IGUS.L Sortino Ratio Rank: 65
IGUS.L Omega Ratio Rank: 59
IGUS.L Calmar Ratio Rank: 59
IGUS.L Martin Ratio Rank: 67

IISU.L

IISU.L Risk / Return Rank: 80
IISU.L Sharpe Ratio Rank: 86
IISU.L Sortino Ratio Rank: 86
IISU.L Omega Ratio Rank: 80
IISU.L Calmar Ratio Rank: 78
IISU.L Martin Ratio Rank: 70

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. IISU.L - 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 iShares S&P 500 Industrials Sector UCITS ETF USD (Acc) (IISU.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.

	IGUS.L	IISU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.43	-0.68
Sortino ratio: Return per unit of downside risk	2.60	3.36	-0.76
Omega ratio: Gain probability vs. loss probability	1.32	1.41	-0.10
Calmar ratio: Return relative to maximum drawdown	2.53	3.55	-1.01
Martin ratio: Return relative to average drawdown	10.55	11.26	-0.70

IGUS.L vs. IISU.L - Sharpe Ratio Comparison

The current IGUS.L Sharpe Ratio is 1.75, which is comparable to the IISU.L Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of IGUS.L and IISU.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

IGUS.L vs. IISU.L - Drawdown Comparison

The maximum IGUS.L drawdown since its inception was -36.66%, roughly equal to the maximum IISU.L drawdown of -35.68%. Use the drawdown chart below to compare losses from any high point for IGUS.L and IISU.L.

Drawdown Indicators

	IGUS.L	IISU.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.66%	-35.68%	-0.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-9.36%	+0.92%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-21.12%	+2.14%
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	-21.12%	-4.54%
Max Drawdown (10Y) Largest decline over 10 years	-36.66%	—	—
Current Drawdown Current decline from peak	-3.12%	0.00%	-3.12%
Average Drawdown Average peak-to-trough decline	-4.12%	-8.90%	+4.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.96%	-0.93%

Volatility

IGUS.L vs. IISU.L - Volatility Comparison

The current volatility for iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) is 4.01%, while iShares S&P 500 Industrials Sector UCITS ETF USD (Acc) (IISU.L) has a volatility of 4.63%. This indicates that IGUS.L experiences smaller price fluctuations and is considered to be less risky than IISU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGUS.L	IISU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	4.63%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	10.92%	-1.58%
Volatility (1Y) Calculated over the trailing 1-year period	12.21%	13.69%	-1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.17%	21.12%	-4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.58%	24.84%	-8.26%

IGUS.L vs. IISU.L - Expense Ratio Comparison

IGUS.L has a 0.20% expense ratio, which is higher than IISU.L's 0.15% 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. IISU.L - Dividend Comparison

Neither IGUS.L nor IISU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

IGUS.L and IISU.L 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 IISU.L?

On fees, IISU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGUS.L or IISU.L?

IISU.L is cheaper with a 0.15% expense ratio, compared with 0.20% for IGUS.L.

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

IGUS.L is categorized as S&P 500, while IISU.L is Industrials Equities. IGUS.L tracks S&P 500 Index, while IISU.L tracks S&P 500 Capped 35/20 Industrials Index. Their fees differ too: 0.20% for IGUS.L and 0.15% for IISU.L.