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IGUS.L vs. UC13.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGUS.L vs. UC13.L

Last updated Jun 5, 2026

IGUS.L (iShares S&P 500 GBP Hedged UCITS ETF) and UC13.L (UBS Core S&P 500 UCITS ETF USD dis) are both S&P 500 funds tracking the S&P 500 Index, from iShares and UBS respectively. Both are passively managed. Over the past 10 years, IGUS.L returned 13.48%/yr vs 14.50%/yr for UC13.L. A 0.77 correlation means they provide meaningful diversification when combined. IGUS.L charges 0.20%/yr vs 0.03%/yr for UC13.L.

Performance

IGUS.L vs. UC13.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 UBS Core S&P 500 UCITS ETF USD dis (UC13.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with IGUS.L having a 9.82% return and UC13.L slightly higher at 9.92%. Over the past 10 years, IGUS.L has underperformed UC13.L with an annualized return of 13.48%, while UC13.L has yielded a comparatively higher 14.50% annualized return.

IGUS.L

1D
0.06%
1M
4.70%
YTD
9.82%
6M
10.53%
1Y
27.11%
3Y*
21.32%
5Y*
12.46%
10Y*
13.48%

UC13.L

1D
-0.02%
1M
5.52%
YTD
9.92%
6M
9.83%
1Y
27.83%
3Y*
17.70%
5Y*
13.62%
10Y*
14.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IGUS.L vs. UC13.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGUS.L
iShares S&P 500 GBP Hedged UCITS ETF		9.82%17.39%24.64%24.49%-20.60%28.57%14.63%27.27%-7.47%19.85%
UC13.L
UBS Core S&P 500 UCITS ETF USD dis		9.92%8.39%25.77%18.14%-10.01%29.47%11.81%24.42%-1.52%8.98%

Correlation

The correlation between IGUS.L and UC13.L is 0.77, 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

0.77

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

0.77

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

0.78

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

0.75

Correlation (All Time)
Calculated using the full available price history since May 14, 2013

0.77

The correlation between IGUS.L and UC13.L has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.

IGUS.L vs. UC13.L - Sectors Allocation Comparison

Sectors
IGUS.L
UC13.L

Technology

35.6%
37.9%

Financial Services

11.8%
11.3%

Communication Services

11.2%
10.9%

Consumer Cyclical

10.2%
9.8%

Healthcare

8.5%
8.3%

Industrials

8.3%
7.8%

Consumer Defensive

4.9%
4.8%

Energy

3.5%
3.4%

Utilities

2.3%
2.2%

Real Estate

1.9%
1.9%

Basic Materials

1.8%
1.7%

Technology

IGUS.L
35.6%
UC13.L
37.9%

Financial Services

IGUS.L
11.8%
UC13.L
11.3%

Communication Services

IGUS.L
11.2%
UC13.L
10.9%

Consumer Cyclical

IGUS.L
10.2%
UC13.L
9.8%

Healthcare

IGUS.L
8.5%
UC13.L
8.3%

Industrials

IGUS.L
8.3%
UC13.L
7.8%

Consumer Defensive

IGUS.L
4.9%
UC13.L
4.8%

Energy

IGUS.L
3.5%
UC13.L
3.4%

Utilities

IGUS.L
2.3%
UC13.L
2.2%

Real Estate

IGUS.L
1.9%
UC13.L
1.9%

Basic Materials

IGUS.L
1.8%
UC13.L
1.7%

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iShares S&P 500 GBP Hedged UCITS ETF

UBS Core S&P 500 UCITS ETF USD dis

Often compared with IGUS.L:
IGUS.L vs. VUAG.LIGUS.L vs. VUSA.LIGUS.L vs. CSP1.LIGUS.L vs. WENS.LIGUS.L vs. JPJP.LIGUS.L vs. SAEMXIGUS.L vs. GSPX.L
Often compared with UC13.L:
UC13.L vs. VUSA.LUC13.L vs. CSPX.LUC13.L vs. VOOUC13.L vs. SPXP.LUC13.L vs. SPYUC13.L vs. XDPG.LUC13.L vs. I500.L

Return for Risk

IGUS.L vs. UC13.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: 7171
Overall Rank
IGUS.L Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IGUS.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
IGUS.L Omega Ratio Rank: 7171
Omega Ratio Rank
IGUS.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
IGUS.L Martin Ratio Rank: 7575
Martin Ratio Rank
UC13.L
UC13.L Risk / Return Rank: 7777
Overall Rank
UC13.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
UC13.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
UC13.L Omega Ratio Rank: 8484
Omega Ratio Rank
UC13.L Calmar Ratio Rank: 7272
Calmar Ratio Rank
UC13.L Martin Ratio Rank: 6969
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.

IGUS.L vs. UC13.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 UBS Core S&P 500 UCITS ETF USD dis (UC13.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.

IGUS.LUC13.LDifference
Sharpe ratioReturn per unit of total volatility
2.28
2.65

-0.36

Sortino ratioReturn per unit of downside risk
3.33
3.55

-0.22

Omega ratioGain probability vs. loss probability

1.42

1.50

-0.08

Calmar ratioReturn relative to maximum drawdown

3.20

3.54

-0.34

Martin ratioReturn relative to average drawdown

13.92

12.58

+1.34

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

IGUS.L vs. UC13.L - Sharpe Ratio Comparison

The current IGUS.L Sharpe Ratio is 2.28, which is comparable to the UC13.L Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of IGUS.L and UC13.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

IGUS.LUC13.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.28

2.65

-0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.94

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

0.93

-0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.89

-0.06

Drawdowns

IGUS.L vs. UC13.L - Drawdown Comparison

The maximum IGUS.L drawdown since its inception was -36.66%, which is greater than UC13.L's maximum drawdown of -25.59%. Use the drawdown chart below to compare losses from any high point for IGUS.L and UC13.L.

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Drawdown Indicators

IGUS.LUC13.LDifference

Max Drawdown

Largest peak-to-trough decline

-36.66%

-25.59%

-11.07%

Max Drawdown (1Y)

Largest decline over 1 year

-8.44%

-7.82%

-0.62%

Max Drawdown (3Y)

Largest decline over 3 years

-18.98%

-21.52%

+2.54%

Max Drawdown (5Y)

Largest decline over 5 years

-25.66%

-21.52%

-4.14%

Max Drawdown (10Y)

Largest decline over 10 years

-36.66%

-25.59%

-11.07%

Current Drawdown

Current decline from peak

-0.46%

-0.24%

-0.22%

Average Drawdown

Average peak-to-trough decline

-4.15%

-3.55%

-0.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

2.21%

-0.27%

Volatility

IGUS.L vs. UC13.L - Volatility Comparison

iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) has a higher volatility of 3.21% compared to UBS Core S&P 500 UCITS ETF USD dis (UC13.L) at 2.63%. This indicates that IGUS.L's price experiences larger fluctuations and is considered to be riskier than UC13.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IGUS.LUC13.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.21%

2.63%

+0.58%

Volatility (6M)

Calculated over the trailing 6-month period

8.65%

7.11%

+1.54%

Volatility (1Y)

Calculated over the trailing 1-year period

11.82%

10.47%

+1.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.11%

14.45%

+1.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.58%

15.72%

+0.86%

IGUS.L vs. UC13.L - Expense Ratio Comparison

IGUS.L has a 0.20% expense ratio, which is higher than UC13.L's 0.03% 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. UC13.L - Dividend Comparison

IGUS.L has not paid dividends to shareholders, while UC13.L's dividend yield for the trailing twelve months is around 0.01%.

PositionTTM20252024202320222021202020192018201720162015
IGUS.L
iShares S&P 500 GBP Hedged UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UC13.L
UBS Core S&P 500 UCITS ETF USD dis		0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.02%0.02%0.02%0.02%

Frequently Asked Questions

IGUS.L and UC13.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UC13.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UC13.L is cheaper with a 0.03% expense ratio, compared with 0.20% for IGUS.L.

Both ETFs track S&P 500 Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.20% for IGUS.L and 0.03% for UC13.L.

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