IKSA.L vs. ISAC.L
IKSA.L (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc)) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IKSA.L tracks the iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) while ISAC.L tracks the MSCI All Country World Index (Net). Both are passively managed. Over the past 5 years, IKSA.L returned 2.00%/yr vs 11.12%/yr for ISAC.L. At a 0.43 correlation, their price movements are largely independent. IKSA.L charges 0.60%/yr vs 0.20%/yr for ISAC.L.
Performance
IKSA.L vs. ISAC.L - Performance Comparison
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Returns By Period
In the year-to-date period, IKSA.L achieves a 3.91% return, which is significantly lower than ISAC.L's 11.18% return.
IKSA.L
- 1D
- -0.06%
- 1M
- -3.30%
- 6M
- -1.94%
- YTD
- 3.91%
- 1Y
- 2.55%
- 3Y*
- -0.39%
- 5Y*
- 2.00%
- 10Y*
- —
ISAC.L
- 1D
- 0.12%
- 1M
- -0.60%
- 6M
- 9.67%
- YTD
- 11.18%
- 1Y
- 23.73%
- 3Y*
- 19.02%
- 5Y*
- 11.12%
- 10Y*
- 12.44%
IKSA.L vs. ISAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IKSA.L iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) | 3.91% | -5.49% | 0.31% | 9.40% | -5.61% | 36.71% | 0.68% | -10.51% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 11.18% | 22.36% | 17.81% | 22.57% | -18.16% | 18.85% | 15.66% | 10.59% |
Correlation
The correlation between IKSA.L and ISAC.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2019 | 0.43 |
The correlation between IKSA.L and ISAC.L shifts across timeframes, from 0.32 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IKSA.L vs. ISAC.L — Risk / Return Rank
IKSA.L
ISAC.L
IKSA.L vs. ISAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) (IKSA.L) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.
| IKSA.L | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.34 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 2.70 | -2.44 |
| Martin ratioReturn relative to average drawdown | 0.56 | 10.76 | -10.20 |
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Drawdowns
IKSA.L vs. ISAC.L - Drawdown Comparison
The maximum IKSA.L drawdown since its inception was -52.22%, which is greater than ISAC.L's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for IKSA.L and ISAC.L.
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Drawdown Indicators
| IKSA.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.22% | -33.82% | -18.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.09% | -8.77% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | -16.56% | +0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -29.81% | -26.07% | -3.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.82% | — |
Current DrawdownCurrent decline from peak | -18.45% | -1.03% | -17.42% |
Average DrawdownAverage peak-to-trough decline | -15.63% | -4.62% | -11.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 2.20% | +2.95% |
Volatility
IKSA.L vs. ISAC.L - Volatility Comparison
The current volatility for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) (IKSA.L) is 2.54%, while iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) has a volatility of 3.18%. This indicates that IKSA.L experiences smaller price fluctuations and is considered to be less risky than ISAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IKSA.L | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 3.18% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 10.57% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 12.88% | +2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 15.65% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 15.82% | +7.20% |
IKSA.L vs. ISAC.L - Expense Ratio Comparison
IKSA.L has a 0.60% expense ratio, which is higher than ISAC.L's 0.20% expense ratio.
Dividends
IKSA.L vs. ISAC.L - Dividend Comparison
Neither IKSA.L nor ISAC.L has paid dividends to shareholders.
Frequently Asked Questions
IKSA.L and ISAC.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.60% for IKSA.L.
IKSA.L tracks iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc), while ISAC.L tracks MSCI All Country World Index (Net). Their fees differ too: 0.60% for IKSA.L and 0.20% for ISAC.L.
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