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IKSA.L vs. SEDY.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IKSA.L vs. SEDY.L

Last updated Jul 21, 2026
Documentation

IKSA.L (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc)) and SEDY.L (iShares Emerging Markets Dividend UCITS ETF) are both Emerging Markets Equities funds from iShares - IKSA.L tracks the MSCI Saudi Arabia 20/35 Index (USD) while SEDY.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, IKSA.L returned 2.16%/yr vs 4.95%/yr for SEDY.L. At a 0.40 correlation, their price movements are largely independent. IKSA.L charges 0.60%/yr vs 0.65%/yr for SEDY.L.

Performance

IKSA.L vs. SEDY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) (IKSA.L) and iShares Emerging Markets Dividend UCITS ETF (SEDY.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, IKSA.L achieves a 4.48% return, which is significantly lower than SEDY.L's 9.58% return.

IKSA.L

1D
0.80%
1M
-3.08%
6M
-1.10%
YTD
4.48%
1Y
3.45%
3Y*
-0.16%
5Y*
2.16%
10Y*
—
ALL TIME*
3.23%

SEDY.L

1D
-0.19%
1M
0.65%
6M
5.02%
YTD
9.58%
1Y
20.76%
3Y*
18.66%
5Y*
4.95%
10Y*
6.33%
ALL TIME*
0.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IKSA.L vs. SEDY.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
IKSA.L
iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc)		4.48%-5.49%0.31%9.40%-5.61%36.71%0.68%-10.51%
SEDY.L
iShares Emerging Markets Dividend UCITS ETF		9.58%27.66%6.90%18.97%-30.91%11.63%-2.97%4.62%

Correlation

The correlation between IKSA.L and SEDY.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

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

0.36

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

0.36

Correlation (All Time)
Calculated using the full available price history since Apr 10, 2019

0.40

The correlation between IKSA.L and SEDY.L shifts across timeframes, from 0.29 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

IKSA.L vs. SEDY.L - Sectors Allocation Comparison

Sectors
IKSA.L
SEDY.L

Financial Services

46.0%
29.1%

Energy

15.2%
17.3%

Basic Materials

13.7%
8.4%

Communication Services

10.3%
1.8%

Utilities

5.2%
7.0%

Healthcare

2.1%

-

Consumer Defensive

1.9%
2.4%

Consumer Cyclical

1.8%
4.5%

Technology

1.4%
8.7%

Industrials

1.3%
17.2%

Real Estate

0.9%
3.6%

Financial Services

IKSA.L
46.0%
SEDY.L
29.1%

Energy

IKSA.L
15.2%
SEDY.L
17.3%

Basic Materials

IKSA.L
13.7%
SEDY.L
8.4%

Communication Services

IKSA.L
10.3%
SEDY.L
1.8%

Utilities

IKSA.L
5.2%
SEDY.L
7.0%

Healthcare

IKSA.L
2.1%
SEDY.L

-

Consumer Defensive

IKSA.L
1.9%
SEDY.L
2.4%

Consumer Cyclical

IKSA.L
1.8%
SEDY.L
4.5%

Technology

IKSA.L
1.4%
SEDY.L
8.7%

Industrials

IKSA.L
1.3%
SEDY.L
17.2%

Real Estate

IKSA.L
0.9%
SEDY.L
3.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc)

iShares Emerging Markets Dividend UCITS ETF

Often compared with IKSA.L:
IKSA.L vs. CNDX.LIKSA.L vs. ISAC.LIKSA.L vs. DEMS.LIKSA.L vs. HTWD.LIKSA.L vs. IGLN.LIKSA.L vs. IUIT.LIKSA.L vs. IWDA.L
Often compared with SEDY.L:
SEDY.L vs. SEML.LSEDY.L vs. SCHDSEDY.L vs. CUKX.LSEDY.L vs. IIND.LSEDY.L vs. VHYG.LSEDY.L vs. IEMGSEDY.L vs. IDAP.L

Return for Risk

IKSA.L vs. SEDY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IKSA.L
IKSA.L Risk / Return Rank: 1414
Overall Rank
IKSA.L Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
IKSA.L Sortino Ratio Rank: 1414
Sortino Ratio Rank
IKSA.L Omega Ratio Rank: 1414
Omega Ratio Rank
IKSA.L Calmar Ratio Rank: 1515
Calmar Ratio Rank
IKSA.L Martin Ratio Rank: 1414
Martin Ratio Rank
SEDY.L
SEDY.L Risk / Return Rank: 7272
Overall Rank
SEDY.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SEDY.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
SEDY.L Omega Ratio Rank: 7171
Omega Ratio Rank
SEDY.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
SEDY.L Martin Ratio Rank: 6464
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.

IKSA.L vs. SEDY.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 Emerging Markets Dividend UCITS ETF (SEDY.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.LSEDY.LDifference
Sharpe ratioReturn per unit of total volatility
0.22
1.51

-1.29

Sortino ratioReturn per unit of downside risk
0.46
2.11

-1.66

Omega ratioGain probability vs. loss probability

1.05

1.26

-0.20

Calmar ratioReturn relative to maximum drawdown

0.31

2.41

-2.10

Martin ratioReturn relative to average drawdown

0.66

6.59

-5.93

IKSA.L vs. SEDY.L - Sharpe Ratio Comparison

The current IKSA.L Sharpe Ratio is 0.22, which is lower than the SEDY.L Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of IKSA.L and SEDY.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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Drawdowns

IKSA.L vs. SEDY.L - Drawdown Comparison

The maximum IKSA.L drawdown since its inception was -52.22%, smaller than the maximum SEDY.L drawdown of -55.31%. Use the drawdown chart below to compare losses from any high point for IKSA.L and SEDY.L.

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Drawdown Indicators

IKSA.LSEDY.LDifference

Max Drawdown

Largest peak-to-trough decline

-52.22%

-55.31%

+3.09%

Max Drawdown (1Y)

Largest decline over 1 year

-11.09%

-8.58%

-2.51%

Max Drawdown (3Y)

Largest decline over 3 years

-15.79%

-13.31%

-2.48%

Max Drawdown (5Y)

Largest decline over 5 years

-29.81%

-40.64%

+10.83%

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.64%

—

Current Drawdown

Current decline from peak

-18.01%

-4.83%

-13.18%

Average Drawdown

Average peak-to-trough decline

-15.63%

-24.24%

+8.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.19%

3.14%

+2.05%

Volatility

IKSA.L vs. SEDY.L - Volatility Comparison

The current volatility for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) (IKSA.L) is 2.87%, while iShares Emerging Markets Dividend UCITS ETF (SEDY.L) has a volatility of 3.71%. This indicates that IKSA.L experiences smaller price fluctuations and is considered to be less risky than SEDY.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.LSEDY.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.87%

3.71%

-0.84%

Volatility (6M)

Calculated over the trailing 6-month period

10.72%

11.45%

-0.73%

Volatility (1Y)

Calculated over the trailing 1-year period

15.34%

13.72%

+1.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.83%

17.06%

-1.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.01%

17.32%

+5.69%

IKSA.L vs. SEDY.L - Expense Ratio Comparison

IKSA.L has a 0.60% expense ratio, which is lower than SEDY.L's 0.65% expense ratio.

Dividends

IKSA.L vs. SEDY.L - Dividend Comparison

IKSA.L has not paid dividends to shareholders, while SEDY.L's dividend yield for the trailing twelve months is around 5.08%.

PositionTTM20252024202320222021202020192018201720162015
IKSA.L
iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SEDY.L
iShares Emerging Markets Dividend UCITS ETF		5.08%5.72%7.74%7.99%9.32%6.42%5.11%5.84%5.54%4.07%4.25%6.31%

Frequently Asked Questions

IKSA.L and SEDY.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IKSA.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IKSA.L is cheaper with a 0.60% expense ratio, compared with 0.65% for SEDY.L.

IKSA.L tracks MSCI Saudi Arabia 20/35 Index (USD), while SEDY.L tracks MSCI EM NR USD. Their fees differ too: 0.60% for IKSA.L and 0.65% for SEDY.L.

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