IMSU.L vs. SPY5.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares S&P 500 Materials Sector UCITS ETF USD (Acc) (IMSU.L) and State Street SPDR S&P 500 UCITS ETF (SPY5.L).

IMSU.L and SPY5.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMSU.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Materials NR USD. It was launched on Mar 20, 2017. SPY5.L is a passively managed fund by State Street that tracks the performance of the S&P 500. It was launched on Aug 1, 2025. Both IMSU.L and SPY5.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IMSU.L vs. SPY5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares S&P 500 Materials Sector UCITS ETF USD (Acc) (IMSU.L) and State Street SPDR S&P 500 UCITS ETF (SPY5.L). The values are adjusted to include any dividend payments, if applicable.

IMSU.L vs. SPY5.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMSU.L iShares S&P 500 Materials Sector UCITS ETF USD (Acc)	11.43%	3.37%	0.69%	6.26%	-1.35%	28.63%	16.34%	19.09%	-10.83%	10.05%
SPY5.L State Street SPDR S&P 500 UCITS ETF	-2.47%	9.06%	27.55%	20.31%	-9.02%	30.50%	14.06%	25.87%	0.54%	8.37%

Different Trading Currencies

IMSU.L is traded in GBp, while SPY5.L is traded in USD. To make them comparable, the SPY5.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 11.43% return, which is significantly higher than SPY5.L's -2.47% return.

IMSU.L

• 1D: 1.35%
• 1M: -4.24%
• YTD: 11.43%
• 6M: 14.29%
• 1Y: 15.31%
• 3Y*: 6.98%
• 5Y*: 7.55%
• 10Y*: —

SPY5.L

• 1D: 2.26%
• 1M: -2.51%
• YTD: -2.47%
• 6M: 0.76%
• 1Y: 15.40%
• 3Y*: 15.87%
• 5Y*: 12.76%
• 10Y*: 14.87%

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

IMSU.L vs. SPY5.L - Expense Ratio Comparison

IMSU.L has a 0.15% expense ratio, which is higher than SPY5.L's 0.09% 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%.

IMSU.L

iShares S&P 500 Materials Sector UCITS ETF USD (Acc)

SPY5.L

State Street SPDR S&P 500 UCITS ETF

Return for Risk

IMSU.L vs. SPY5.L — Risk / Return Rank

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

IMSU.L

IMSU.L Risk / Return Rank: 45
IMSU.L Sharpe Ratio Rank: 46
IMSU.L Sortino Ratio Rank: 44
IMSU.L Omega Ratio Rank: 41
IMSU.L Calmar Ratio Rank: 48
IMSU.L Martin Ratio Rank: 47

SPY5.L

SPY5.L Risk / Return Rank: 69
SPY5.L Sharpe Ratio Rank: 64
SPY5.L Sortino Ratio Rank: 65
SPY5.L Omega Ratio Rank: 64
SPY5.L Calmar Ratio Rank: 77
SPY5.L Martin Ratio Rank: 77

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.

IMSU.L vs. SPY5.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 State Street SPDR S&P 500 UCITS ETF (SPY5.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.

	IMSU.L	SPY5.L	Difference
Sharpe ratio Return per unit of total volatility	0.90	0.98	-0.08
Sortino ratio Return per unit of downside risk	1.30	1.42	-0.12
Omega ratio Gain probability vs. loss probability	1.17	1.20	-0.03
Calmar ratio Return relative to maximum drawdown	1.41	2.15	-0.75
Martin ratio Return relative to average drawdown	5.08	6.95	-1.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMSU.L vs. SPY5.L - Sharpe Ratio Comparison

The current IMSU.L Sharpe Ratio is 0.90, which is comparable to the SPY5.L Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of IMSU.L and SPY5.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IMSU.L	SPY5.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	0.98	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.83	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.95	-0.48

Correlation

The correlation between IMSU.L and SPY5.L is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IMSU.L vs. SPY5.L - Dividend Comparison

IMSU.L has not paid dividends to shareholders, while SPY5.L's dividend yield for the trailing twelve months is around 1.02%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMSU.L iShares S&P 500 Materials Sector 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%
SPY5.L State Street SPDR S&P 500 UCITS ETF	1.02%	0.97%	1.06%	1.19%	1.40%	0.99%	1.28%	1.71%	2.20%	2.29%	1.64%	1.73%

Drawdowns

IMSU.L vs. SPY5.L - Drawdown Comparison

The maximum IMSU.L drawdown since its inception was -28.25%, which is greater than SPY5.L's maximum drawdown of -25.97%. Use the drawdown chart below to compare losses from any high point for IMSU.L and SPY5.L.

Drawdown Indicators

	IMSU.L	SPY5.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.25%	-33.89%	+5.64%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-11.75%	-0.54%
Max Drawdown (5Y) Largest decline over 5 years	-21.70%	-24.37%	+2.67%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.89%	—
Current Drawdown Current decline from peak	-4.40%	-5.37%	+0.97%
Average Drawdown Average peak-to-trough decline	-5.58%	-3.74%	-1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	2.05%	+0.93%

Volatility

IMSU.L vs. SPY5.L - Volatility Comparison

iShares S&P 500 Materials Sector UCITS ETF USD (Acc) (IMSU.L) has a higher volatility of 6.92% compared to State Street SPDR S&P 500 UCITS ETF (SPY5.L) at 4.86%. This indicates that IMSU.L's price experiences larger fluctuations and is considered to be riskier than SPY5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMSU.L	SPY5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.92%	4.86%	+2.06%
Volatility (6M) Calculated over the trailing 6-month period	11.61%	9.02%	+2.59%
Volatility (1Y) Calculated over the trailing 1-year period	16.93%	15.70%	+1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	15.34%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.52%	16.46%	+2.06%