PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
INAA.L vs. ISAC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

INAA.L vs. ISAC.L

Last updated Jun 5, 2026

INAA.L (iShares MSCI North America UCITS) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - INAA.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while ISAC.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, INAA.L returned 15.50%/yr vs 13.48%/yr for ISAC.L. Their correlation of 0.84 suggests significant overlap in exposure. INAA.L charges 0.40%/yr vs 0.20%/yr for ISAC.L.

Performance

INAA.L vs. ISAC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI North America UCITS (INAA.L) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, INAA.L achieves a 10.28% return, which is significantly lower than ISAC.L's 12.06% return. Over the past 10 years, INAA.L has outperformed ISAC.L with an annualized return of 15.50%, while ISAC.L has yielded a comparatively lower 13.48% annualized return.

INAA.L

1D
0.05%
1M
5.57%
YTD
10.28%
6M
10.24%
1Y
28.60%
3Y*
18.80%
5Y*
14.13%
10Y*
15.50%

ISAC.L

1D
0.00%
1M
5.28%
YTD
12.06%
6M
12.30%
1Y
30.14%
3Y*
18.17%
5Y*
12.60%
10Y*
13.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

INAA.L vs. ISAC.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
INAA.L
iShares MSCI North America UCITS		10.28%9.48%26.59%19.48%-10.23%28.62%15.54%25.93%-1.17%10.17%
ISAC.L
iShares MSCI ACWI UCITS ETF USD (Acc)		11.99%13.64%19.87%16.44%-8.43%19.97%12.26%20.98%-4.37%13.63%

Correlation

The correlation between INAA.L and ISAC.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.86

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

0.87

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

0.87

Correlation (10Y)
Calculated over the trailing 10-year period

0.87

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2011

0.84

The correlation between INAA.L and ISAC.L has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

INAA.L vs. ISAC.L - Sectors Allocation Comparison

Sectors
INAA.L
ISAC.L

Technology

36.4%
33.9%

Financial Services

12.4%
17.3%

Communication Services

10.4%
8.6%

Consumer Cyclical

9.6%
8.5%

Industrials

8.2%
9.0%

Healthcare

8.1%
7.8%

Consumer Defensive

4.6%
4.4%

Energy

4.1%
3.6%

Basic Materials

2.3%
2.9%

Utilities

2.1%
2.2%

Real Estate

1.8%
1.2%

Technology

INAA.L
36.4%
ISAC.L
33.9%

Financial Services

INAA.L
12.4%
ISAC.L
17.3%

Communication Services

INAA.L
10.4%
ISAC.L
8.6%

Consumer Cyclical

INAA.L
9.6%
ISAC.L
8.5%

Industrials

INAA.L
8.2%
ISAC.L
9.0%

Healthcare

INAA.L
8.1%
ISAC.L
7.8%

Consumer Defensive

INAA.L
4.6%
ISAC.L
4.4%

Energy

INAA.L
4.1%
ISAC.L
3.6%

Basic Materials

INAA.L
2.3%
ISAC.L
2.9%

Utilities

INAA.L
2.1%
ISAC.L
2.2%

Real Estate

INAA.L
1.8%
ISAC.L
1.2%

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 North America UCITS

iShares MSCI ACWI UCITS ETF USD (Acc)

Often compared with INAA.L:
INAA.L vs. VNRT.ASINAA.L vs. EUE.LINAA.L vs. BIBDXINAA.L vs. MXUS.LINAA.L vs. VAPX.LINAA.L vs. VTIINAA.L vs. EFA
Often compared with ISAC.L:
ISAC.L vs. VWRA.LISAC.L vs. SSAC.LISAC.L vs. IWDA.LISAC.L vs. VTISAC.L vs. SWDA.LISAC.L vs. VOOISAC.L vs. SWRD.L

Return for Risk

INAA.L vs. ISAC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
INAA.L
INAA.L Risk / Return Rank: 8080
Overall Rank
INAA.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
INAA.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
INAA.L Omega Ratio Rank: 8484
Omega Ratio Rank
INAA.L Calmar Ratio Rank: 7878
Calmar Ratio Rank
INAA.L Martin Ratio Rank: 7575
Martin Ratio Rank
ISAC.L
ISAC.L Risk / Return Rank: 7373
Overall Rank
ISAC.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ISAC.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
ISAC.L Omega Ratio Rank: 7373
Omega Ratio Rank
ISAC.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
ISAC.L Martin Ratio Rank: 7474
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.

INAA.L vs. ISAC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS (INAA.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.

INAA.LISAC.LDifference
Sharpe ratioReturn per unit of total volatility
2.69
2.52

+0.16

Sortino ratioReturn per unit of downside risk
3.59
3.48

+0.12

Omega ratioGain probability vs. loss probability

1.50

1.48

+0.02

Calmar ratioReturn relative to maximum drawdown

3.93

4.36

-0.43

Martin ratioReturn relative to average drawdown

14.18

16.74

-2.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INAA.L vs. ISAC.L - Sharpe Ratio Comparison

The current INAA.L Sharpe Ratio is 2.69, which is comparable to the ISAC.L Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of INAA.L and ISAC.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.

Loading charts...

Sharpe Ratios by Period

INAA.LISAC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.69

2.52

+0.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.99

0.88

+0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.00

0.87

+0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.86

-0.12

Drawdowns

INAA.L vs. ISAC.L - Drawdown Comparison

The maximum INAA.L drawdown since its inception was -35.35%, which is greater than ISAC.L's maximum drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for INAA.L and ISAC.L.

Loading charts...

Drawdown Indicators

INAA.LISAC.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.35%

-25.84%

-9.51%

Max Drawdown (1Y)

Largest decline over 1 year

-7.24%

-6.88%

-0.36%

Max Drawdown (3Y)

Largest decline over 3 years

-21.20%

-18.33%

-2.87%

Max Drawdown (5Y)

Largest decline over 5 years

-21.20%

-18.33%

-2.87%

Max Drawdown (10Y)

Largest decline over 10 years

-26.15%

-25.84%

-0.31%

Current Drawdown

Current decline from peak

-0.17%

-0.36%

+0.19%

Average Drawdown

Average peak-to-trough decline

-4.71%

-3.56%

-1.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.01%

1.80%

+0.21%

Volatility

INAA.L vs. ISAC.L - Volatility Comparison

The current volatility for iShares MSCI North America UCITS (INAA.L) is 2.63%, while iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) has a volatility of 3.74%. This indicates that INAA.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.

Loading charts...

Volatility by Period

INAA.LISAC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.63%

3.74%

-1.11%

Volatility (6M)

Calculated over the trailing 6-month period

7.13%

9.25%

-2.12%

Volatility (1Y)

Calculated over the trailing 1-year period

10.60%

11.90%

-1.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.42%

14.29%

+0.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.63%

15.49%

+0.14%

INAA.L vs. ISAC.L - Expense Ratio Comparison

INAA.L has a 0.40% expense ratio, which is higher than ISAC.L's 0.20% expense ratio.

Dividends

INAA.L vs. ISAC.L - Dividend Comparison

INAA.L's dividend yield for the trailing twelve months is around 0.61%, while ISAC.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
INAA.L
iShares MSCI North America UCITS		0.61%0.66%0.76%0.98%1.11%0.74%1.09%1.26%1.40%1.32%1.30%1.51%
ISAC.L
iShares MSCI ACWI 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%

Frequently Asked Questions

INAA.L and ISAC.L have a correlation of 0.86, 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 0.40% for INAA.L.

INAA.L is categorized as Large Cap Blend Equities, while ISAC.L is Global Equities. INAA.L tracks Russell 1000 TR USD, while ISAC.L tracks MSCI ACWI Index. Their fees differ too: 0.40% for INAA.L and 0.20% for ISAC.L.

Portfolio Optimizer

Find the right allocation for INAA.L and ISAC.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer