IRSA.L vs. LGUS.L
IRSA.L (iShares MSCI South Africa UCITS ETF USD (Acc)) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds - IRSA.L tracks the iShares MSCI South Africa UCITS ETF USD (Acc) while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 5 years, IRSA.L returned 10.90%/yr vs 12.82%/yr for LGUS.L. A 0.52 correlation means they provide meaningful diversification when combined. IRSA.L charges 0.65%/yr vs 0.05%/yr for LGUS.L.
Performance
IRSA.L vs. LGUS.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IRSA.L achieves a -4.47% return, which is significantly lower than LGUS.L's 10.34% return.
IRSA.L
- 1D
- 1.35%
- 1M
- -4.91%
- 6M
- -10.54%
- YTD
- -4.47%
- 1Y
- 32.37%
- 3Y*
- 21.89%
- 5Y*
- 10.90%
- 10Y*
- 6.54%
LGUS.L
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 9.90%
- YTD
- 10.34%
- 1Y
- 21.64%
- 3Y*
- 20.40%
- 5Y*
- 12.82%
- 10Y*
- —
IRSA.L vs. LGUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IRSA.L iShares MSCI South Africa UCITS ETF USD (Acc) | -4.47% | 76.74% | 7.84% | 0.20% | -3.75% | 3.99% | -2.70% | 8.62% | -2.09% |
LGUS.L L&G US Equity UCITS ETF | 10.34% | 17.98% | 25.09% | 28.66% | -20.46% | 27.91% | 21.16% | 30.91% | -9.25% |
Correlation
The correlation between IRSA.L and LGUS.L is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.52 |
The correlation between IRSA.L and LGUS.L has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IRSA.L vs. LGUS.L — Risk / Return Rank
IRSA.L
LGUS.L
IRSA.L vs. LGUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (IRSA.L) and L&G US Equity UCITS ETF (LGUS.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.
| IRSA.L | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.59 | -1.22 |
| Martin ratioReturn relative to average drawdown | 2.95 | 9.99 | -7.03 |
Loading charts...
Drawdowns
IRSA.L vs. LGUS.L - Drawdown Comparison
The maximum IRSA.L drawdown since its inception was -61.84%, which is greater than LGUS.L's maximum drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for IRSA.L and LGUS.L.
Loading charts...
Drawdown Indicators
| IRSA.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.84% | -34.26% | -27.58% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -8.58% | -14.29% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -19.46% | -3.41% |
Max Drawdown (5Y)Largest decline over 5 years | -34.44% | -25.64% | -8.80% |
Max Drawdown (10Y)Largest decline over 10 years | -61.84% | — | — |
Current DrawdownCurrent decline from peak | -19.50% | -0.49% | -19.01% |
Average DrawdownAverage peak-to-trough decline | -17.86% | -5.30% | -12.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.68% | 2.23% | +8.45% |
Volatility
IRSA.L vs. LGUS.L - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (IRSA.L) has a higher volatility of 7.83% compared to L&G US Equity UCITS ETF (LGUS.L) at 2.86%. This indicates that IRSA.L's price experiences larger fluctuations and is considered to be riskier than LGUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IRSA.L | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 2.86% | +4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 27.42% | 9.41% | +18.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.59% | 12.47% | +20.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.69% | 16.51% | +12.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.78% | 18.10% | +11.68% |
IRSA.L vs. LGUS.L - Expense Ratio Comparison
IRSA.L has a 0.65% expense ratio, which is higher than LGUS.L's 0.05% expense ratio.
Dividends
IRSA.L vs. LGUS.L - Dividend Comparison
Neither IRSA.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
IRSA.L and LGUS.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.65% for IRSA.L.
IRSA.L tracks iShares MSCI South Africa UCITS ETF USD (Acc), while LGUS.L tracks L&G US Equity UCITS ETF. They also come from different issuers: iShares and L&G. Their fees differ too: 0.65% for IRSA.L and 0.05% for LGUS.L.
Find the right allocation for IRSA.L and LGUS.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