IISU.L vs. XLIS.L

Last updated Jun 5, 2026

IISU.L (iShares S&P 500 Industrials Sector UCITS ETF USD (Acc)) and XLIS.L (Invesco Industrials S&P US Select Sector UCITS ETF Acc) are both Industrials Equities funds - IISU.L tracks the S&P 500 Capped 35/20 Industrials Index while XLIS.L tracks the S&P® Select Sector Capped 20% Industrials Index. Both are passively managed. Over the past 5 years, IISU.L returned 13.38%/yr vs 13.40%/yr for XLIS.L. Their correlation of 0.94 suggests significant overlap in exposure. IISU.L charges 0.15%/yr vs 0.14%/yr for XLIS.L.

Performance

IISU.L vs. XLIS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares S&P 500 Industrials Sector UCITS ETF USD (Acc) (IISU.L) and Invesco Industrials S&P US Select Sector UCITS ETF Acc (XLIS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with IISU.L having a 12.64% return and XLIS.L slightly higher at 13.00%.

IISU.L

• 1D: -0.05%
• 1M: 2.79%
• YTD: 12.64%
• 6M: 13.01%
• 1Y: 24.29%
• 3Y*: 18.78%
• 5Y*: 13.38%
• 10Y*: —

XLIS.L

• 1D: -0.10%
• 1M: 2.71%
• YTD: 13.00%
• 6M: 12.94%
• 1Y: 24.34%
• 3Y*: 18.86%
• 5Y*: 13.40%
• 10Y*: 14.13%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IISU.L iShares S&P 500 Industrials Sector UCITS ETF USD (Acc)	12.64%	11.24%	19.29%	11.45%	6.06%	22.20%	6.25%	24.46%	-9.19%	7.89%
XLIS.L Invesco Industrials S&P US Select Sector UCITS ETF Acc	13.00%	10.85%	19.35%	12.03%	6.10%	21.68%	6.68%	23.83%	-9.15%	7.88%

Correlation

The correlation between IISU.L and XLIS.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 23, 2017	0.94

The correlation between IISU.L and XLIS.L has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

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

Sectors	IISU.L	XLIS.L
Industrials	90.4%	96.3%
Utilities	4.9%	-
Technology	3.8%	1.3%
Consumer Cyclical	0.5%	1.3%
Basic Materials	0.2%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	1.1%

Return for Risk

IISU.L vs. XLIS.L — Risk / Return Rank

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

IISU.L

IISU.L Risk / Return Rank: 53
IISU.L Sharpe Ratio Rank: 54
IISU.L Sortino Ratio Rank: 55
IISU.L Omega Ratio Rank: 51
IISU.L Calmar Ratio Rank: 53
IISU.L Martin Ratio Rank: 49

XLIS.L

XLIS.L Risk / Return Rank: 47
XLIS.L Sharpe Ratio Rank: 46
XLIS.L Sortino Ratio Rank: 50
XLIS.L Omega Ratio Rank: 44
XLIS.L Calmar Ratio Rank: 45
XLIS.L Martin Ratio Rank: 51

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.

IISU.L vs. XLIS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Industrials Sector UCITS ETF USD (Acc) (IISU.L) and Invesco Industrials S&P US Select Sector UCITS ETF Acc (XLIS.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.

	IISU.L	XLIS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.67	+0.16
Sortino ratio: Return per unit of downside risk	2.59	2.32	+0.26
Omega ratio: Gain probability vs. loss probability	1.32	1.29	+0.03
Calmar ratio: Return relative to maximum drawdown	2.58	2.65	-0.06
Martin ratio: Return relative to average drawdown	8.22	8.30	-0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current IISU.L Sharpe Ratio is 1.83, which is comparable to the XLIS.L Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of IISU.L and XLIS.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.

Sharpe Ratios by Period

	IISU.L	XLIS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	1.67	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.79	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.74	-0.10

Drawdowns

IISU.L vs. XLIS.L - Drawdown Comparison

The maximum IISU.L drawdown since its inception was -34.66%, roughly equal to the maximum XLIS.L drawdown of -35.19%. Use the drawdown chart below to compare losses from any high point for IISU.L and XLIS.L.

Drawdown Indicators

	IISU.L	XLIS.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.66%	-35.19%	+0.53%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-9.16%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-21.12%	-21.01%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-21.12%	-21.01%	-0.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.19%	—
Current Drawdown Current decline from peak	-1.34%	-1.05%	-0.29%
Average Drawdown Average peak-to-trough decline	-4.51%	-4.48%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	2.92%	+0.03%

Volatility

IISU.L vs. XLIS.L - Volatility Comparison

The current volatility for iShares S&P 500 Industrials Sector UCITS ETF USD (Acc) (IISU.L) is 4.54%, while Invesco Industrials S&P US Select Sector UCITS ETF Acc (XLIS.L) has a volatility of 4.99%. This indicates that IISU.L experiences smaller price fluctuations and is considered to be less risky than XLIS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IISU.L	XLIS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	4.99%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	11.63%	-1.26%
Volatility (1Y) Calculated over the trailing 1-year period	13.25%	14.56%	-1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	16.97%	-1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.65%	19.06%	-0.41%

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

IISU.L has a 0.15% expense ratio, which is higher than XLIS.L's 0.14% 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

IISU.L vs. XLIS.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.95, IISU.L and XLIS.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, IISU.L or XLIS.L?

On fees, XLIS.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

XLIS.L is cheaper with a 0.14% expense ratio, compared with 0.15% for IISU.L.

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

IISU.L tracks S&P 500 Capped 35/20 Industrials Index, while XLIS.L tracks S&P® Select Sector Capped 20% Industrials Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for IISU.L and 0.14% for XLIS.L.