IGUS.L vs. XDWE.L

Last updated Jun 26, 2026

IGUS.L (iShares S&P 500 GBP Hedged UCITS ETF) and XDWE.L (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both S&P 500 funds - IGUS.L tracks the S&P 500 Index while XDWE.L tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, IGUS.L returned 13.82%/yr vs 12.34%/yr for XDWE.L. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

IGUS.L vs. XDWE.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.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 XDWE.L's 12.77% return. Over the past 10 years, IGUS.L has outperformed XDWE.L with an annualized return of 13.82%, while XDWE.L has yielded a comparatively lower 12.34% annualized 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%

XDWE.L

• 1D: 0.08%
• 1M: 4.41%
• YTD: 12.77%
• 6M: 13.15%
• 1Y: 24.09%
• 3Y*: 13.57%
• 5Y*: 9.66%
• 10Y*: 12.34%

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

IGUS.L vs. XDWE.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%	19.85%
XDWE.L Xtrackers S&P 500 Equal Weight UCITS ETF 1C	12.77%	3.94%	14.06%	7.78%	-1.34%	31.37%	7.89%	23.88%	-3.60%	7.83%

Correlation

The correlation between IGUS.L and XDWE.L is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 10, 2014	0.70

The correlation between IGUS.L and XDWE.L shifts across timeframes, from 0.53 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

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

Sectors	IGUS.L	XDWE.L
Technology	39.0%	20.9%
Financial Services	11.1%	13.9%
Communication Services	10.7%	3.9%
Consumer Cyclical	9.9%	10.0%
Healthcare	8.3%	11.1%
Industrials	7.8%	14.2%
Consumer Defensive	4.5%	6.4%
Energy	3.1%	4.0%
Utilities	2.1%	5.7%
Real Estate	1.8%	6.1%
Basic Materials	1.7%	3.9%

Return for Risk

IGUS.L vs. XDWE.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

XDWE.L

XDWE.L Risk / Return Rank: 85
XDWE.L Sharpe Ratio Rank: 87
XDWE.L Sortino Ratio Rank: 87
XDWE.L Omega Ratio Rank: 86
XDWE.L Calmar Ratio Rank: 86
XDWE.L Martin Ratio Rank: 80

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. XDWE.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.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	XDWE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.48	-0.72
Sortino ratio: Return per unit of downside risk	2.60	3.44	-0.84
Omega ratio: Gain probability vs. loss probability	1.32	1.46	-0.14
Calmar ratio: Return relative to maximum drawdown	2.53	4.25	-1.72
Martin ratio: Return relative to average drawdown	10.55	13.62	-3.06

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

The current IGUS.L Sharpe Ratio is 1.75, which is comparable to the XDWE.L Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of IGUS.L and XDWE.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. XDWE.L - Drawdown Comparison

The maximum IGUS.L drawdown since its inception was -36.66%, smaller than the maximum XDWE.L drawdown of -98.55%. Use the drawdown chart below to compare losses from any high point for IGUS.L and XDWE.L.

Drawdown Indicators

	IGUS.L	XDWE.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.66%	-98.55%	+61.89%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-5.64%	-2.80%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-19.89%	+0.91%
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	-19.89%	-5.77%
Max Drawdown (10Y) Largest decline over 10 years	-36.66%	-31.08%	-5.58%
Current Drawdown Current decline from peak	-3.12%	0.00%	-3.12%
Average Drawdown Average peak-to-trough decline	-4.12%	-4.84%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.77%	+0.26%

Volatility

IGUS.L vs. XDWE.L - Volatility Comparison

iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) has a higher volatility of 4.01% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.L) at 2.21%. This indicates that IGUS.L's price experiences larger fluctuations and is considered to be riskier than XDWE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGUS.L	XDWE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	2.21%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	6.60%	+2.74%
Volatility (1Y) Calculated over the trailing 1-year period	12.21%	9.70%	+2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.17%	19.53%	-3.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.58%	18.63%	-2.05%

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

Both IGUS.L and XDWE.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IGUS.L vs. XDWE.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

IGUS.L and XDWE.L have a correlation of 0.53, 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 XDWE.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

IGUS.L and XDWE.L have the same expense ratio: 0.20% per year.

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

IGUS.L tracks S&P 500 Index, while XDWE.L tracks S&P 500 Equal Weight Index. They also come from different issuers: iShares and Xtrackers.