IMSU.L vs. DMAD.L
IMSU.L (iShares S&P 500 Materials Sector UCITS ETF USD (Acc)) and DMAD.L (Global X Disruptive Materials UCITS ETF USD (Dist)) are both exchange-traded funds - IMSU.L is a Materials fund tracking the MSCI World/Materials NR USD, while DMAD.L is a Commodity Producers Equities fund tracking the Solactive Disruptive Materials V2 Index. Both are passively managed. Over the past 3 years, IMSU.L returned 6.84%/yr vs 11.13%/yr for DMAD.L. A 0.52 correlation means they provide meaningful diversification when combined. IMSU.L charges 0.15%/yr vs 0.50%/yr for DMAD.L.
Performance
IMSU.L vs. DMAD.L - Performance Comparison
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Different Trading Currencies
IMSU.L is traded in GBp, while DMAD.L is traded in GBP. To make them comparable, the DMAD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IMSU.L achieves a 10.77% return, which is significantly higher than DMAD.L's -5.68% return.
IMSU.L
- 1D
- 0.24%
- 1M
- -4.73%
- 6M
- 3.70%
- YTD
- 10.77%
- 1Y
- 14.35%
- 3Y*
- 6.84%
- 5Y*
- 6.56%
- 10Y*
- —
DMAD.L
- 1D
- -2.20%
- 1M
- -19.96%
- 6M
- -16.91%
- YTD
- -5.68%
- 1Y
- 48.12%
- 3Y*
- 11.13%
- 5Y*
- —
- 10Y*
- —
IMSU.L vs. DMAD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IMSU.L iShares S&P 500 Materials Sector UCITS ETF USD (Acc) | 10.77% | 3.37% | 0.69% | 6.26% | 0.90% |
DMAD.L Global X Disruptive Materials UCITS ETF USD (Dist) | -5.68% | 83.26% | -5.93% | -23.95% | -12.91% |
Correlation
The correlation between IMSU.L and DMAD.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022 | 0.52 |
The correlation between IMSU.L and DMAD.L has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.
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Return for Risk
IMSU.L vs. DMAD.L — Risk / Return Rank
IMSU.L
DMAD.L
IMSU.L vs. DMAD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Materials Sector UCITS ETF USD (Acc) (IMSU.L) and Global X Disruptive Materials UCITS ETF USD (Dist) (DMAD.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.
| IMSU.L | DMAD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.69 | -0.36 |
| Martin ratioReturn relative to average drawdown | 4.15 | 4.76 | -0.61 |
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Drawdowns
IMSU.L vs. DMAD.L - Drawdown Comparison
The maximum IMSU.L drawdown since its inception was -33.22%, smaller than the maximum DMAD.L drawdown of -47.80%. Use the drawdown chart below to compare losses from any high point for IMSU.L and DMAD.L.
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Drawdown Indicators
| IMSU.L | DMAD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.22% | -47.80% | +14.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -28.37% | +17.61% |
Max Drawdown (3Y)Largest decline over 3 years | -25.16% | -34.78% | +9.62% |
Max Drawdown (5Y)Largest decline over 5 years | -25.16% | — | — |
Current DrawdownCurrent decline from peak | -4.97% | -28.37% | +23.40% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -24.26% | +13.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 10.09% | -6.64% |
Volatility
IMSU.L vs. DMAD.L - Volatility Comparison
The current volatility for iShares S&P 500 Materials Sector UCITS ETF USD (Acc) (IMSU.L) is 5.32%, while Global X Disruptive Materials UCITS ETF USD (Dist) (DMAD.L) has a volatility of 9.69%. This indicates that IMSU.L experiences smaller price fluctuations and is considered to be less risky than DMAD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMSU.L | DMAD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 9.69% | -4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 27.97% | -15.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 34.57% | -19.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 29.20% | -7.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.92% | 29.20% | -4.28% |
IMSU.L vs. DMAD.L - Expense Ratio Comparison
IMSU.L has a 0.15% expense ratio, which is lower than DMAD.L's 0.50% expense ratio.
Dividends
IMSU.L vs. DMAD.L - Dividend Comparison
IMSU.L has not paid dividends to shareholders, while DMAD.L's dividend yield for the trailing twelve months is around 0.90%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DMAD.L Global X Disruptive Materials UCITS ETF USD (Dist) | 0.90% | 0.74% | 2.38% | 1.32% |
IMSU.L iShares S&P 500 Materials Sector UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IMSU.L and DMAD.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IMSU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IMSU.L is cheaper with a 0.15% expense ratio, compared with 0.50% for DMAD.L.
IMSU.L is categorized as Materials, while DMAD.L is Commodity Producers Equities. IMSU.L tracks MSCI World/Materials NR USD, while DMAD.L tracks Solactive Disruptive Materials V2 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.15% for IMSU.L and 0.50% for DMAD.L.
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