IGUS.L vs. VEGN

Last updated Jun 14, 2026

IGUS.L (iShares S&P 500 GBP Hedged UCITS ETF) and VEGN (US Vegan Climate ETF) are both exchange-traded funds - IGUS.L is a S&P 500 fund tracking the S&P 500 Index, while VEGN is a Large Cap Growth Equities fund tracking the US Vegan Climate Index. Both are passively managed. Over the past 5 years, IGUS.L returned 11.97%/yr vs 17.24%/yr for VEGN. At a 0.46 correlation, their price movements are largely independent. IGUS.L charges 0.20%/yr vs 0.60%/yr for VEGN.

Performance

IGUS.L vs. VEGN - 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 US Vegan Climate ETF (VEGN). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IGUS.L is traded in GBp, while VEGN is traded in USD. To make them comparable, the VEGN 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 VEGN's 29.96% 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%

VEGN

• 1D: 1.24%
• 1M: 6.87%
• YTD: 29.96%
• 6M: 29.49%
• 1Y: 49.23%
• 3Y*: 25.29%
• 5Y*: 17.24%
• 10Y*: —

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

IGUS.L vs. VEGN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IGUS.L iShares S&P 500 GBP Hedged UCITS ETF	7.87%	17.39%	24.64%	24.49%	-20.60%	28.57%	14.63%	7.76%
VEGN US Vegan Climate ETF	29.96%	5.61%	27.61%	31.19%	-18.17%	27.20%	23.96%	1.98%

Correlation

The correlation between IGUS.L and VEGN is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Sep 10, 2019	0.46

IGUS.L vs. VEGN - Sectors Allocation Comparison

Sectors	IGUS.L	VEGN
Technology	35.6%	63.0%
Financial Services	11.8%	13.3%
Communication Services	11.2%	9.1%
Consumer Cyclical	10.2%	1.8%
Healthcare	8.5%	4.8%
Industrials	8.3%	4.7%
Consumer Defensive	4.9%	0.0%
Energy	3.5%	-
Utilities	2.3%	0.1%
Real Estate	1.9%	3.1%
Basic Materials	1.8%	0.1%

Return for Risk

IGUS.L vs. VEGN — 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

VEGN

VEGN Risk / Return Rank: 85
VEGN Sharpe Ratio Rank: 89
VEGN Sortino Ratio Rank: 85
VEGN Omega Ratio Rank: 84
VEGN Calmar Ratio Rank: 82
VEGN Martin Ratio Rank: 84

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. VEGN - 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 US Vegan Climate ETF (VEGN). 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	VEGN	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.84	-0.91
Sortino ratio: Return per unit of downside risk	2.85	3.56	-0.71
Omega ratio: Gain probability vs. loss probability	1.35	1.50	-0.15
Calmar ratio: Return relative to maximum drawdown	2.79	4.47	-1.68
Martin ratio: Return relative to average drawdown	11.79	14.87	-3.08

IGUS.L vs. VEGN - Sharpe Ratio Comparison

The current IGUS.L Sharpe Ratio is 1.93, which is lower than the VEGN Sharpe Ratio of 2.84. The chart below compares the historical Sharpe Ratios of IGUS.L and VEGN, 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. VEGN - Drawdown Comparison

The maximum IGUS.L drawdown since its inception was -36.66%, which is greater than VEGN's maximum drawdown of -26.25%. Use the drawdown chart below to compare losses from any high point for IGUS.L and VEGN.

Drawdown Indicators

	IGUS.L	VEGN	Difference
Max Drawdown Largest peak-to-trough decline	-36.66%	-26.25%	-10.41%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-10.63%	+2.19%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-25.14%	+6.16%
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	-25.14%	-0.52%
Max Drawdown (10Y) Largest decline over 10 years	-36.66%	—	—
Current Drawdown Current decline from peak	-2.23%	-2.26%	+0.03%
Average Drawdown Average peak-to-trough decline	-4.12%	-5.85%	+1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	3.19%	-1.19%

Volatility

IGUS.L vs. VEGN - Volatility Comparison

The current volatility for iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) is 4.04%, while US Vegan Climate ETF (VEGN) has a volatility of 8.26%. This indicates that IGUS.L experiences smaller price fluctuations and is considered to be less risky than VEGN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGUS.L	VEGN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	8.26%	-4.22%
Volatility (6M) Calculated over the trailing 6-month period	9.13%	14.04%	-4.91%
Volatility (1Y) Calculated over the trailing 1-year period	12.18%	16.73%	-4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	19.28%	-3.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	22.10%	-5.50%

IGUS.L vs. VEGN - Expense Ratio Comparison

IGUS.L has a 0.20% expense ratio, which is lower than VEGN's 0.60% expense ratio.

Dividends

IGUS.L vs. VEGN - Dividend Comparison

IGUS.L has not paid dividends to shareholders, while VEGN's dividend yield for the trailing twelve months is around 0.50%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
VEGN US Vegan Climate ETF	0.50%	0.51%	0.51%	0.67%	0.81%	0.41%	0.71%	0.29%

Frequently Asked Questions

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

IGUS.L and VEGN have a correlation of 0.50, 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 VEGN?

On fees, IGUS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGUS.L or VEGN?

IGUS.L is cheaper with a 0.20% expense ratio, compared with 0.60% for VEGN.

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

IGUS.L is categorized as S&P 500, while VEGN is Large Cap Growth Equities. IGUS.L tracks S&P 500 Index, while VEGN tracks US Vegan Climate Index. They also come from different issuers: iShares and Beyond Investing. Their fees differ too: 0.20% for IGUS.L and 0.60% for VEGN.