ISAG.L vs. VPAC.L
ISAG.L (iShares Agribusiness UCITS ETF USD (Acc)) and VPAC.L (Invesco Variable Rate Preferred Shares UCITS ETF USD) are both Global Equities funds - ISAG.L tracks the iShares Agribusiness UCITS ETF USD (Acc) while VPAC.L tracks the Invesco Variable Rate Preferred Shares UCITS ETF USD. Both are passively managed. Over the past 5 years, ISAG.L returned 4.56%/yr vs 3.51%/yr for VPAC.L. At a 0.38 correlation, their price movements are largely independent. ISAG.L charges 0.55%/yr vs 0.50%/yr for VPAC.L.
Performance
ISAG.L vs. VPAC.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISAG.L achieves a 11.78% return, which is significantly higher than VPAC.L's 2.04% return.
ISAG.L
- 1D
- 0.72%
- 1M
- 1.26%
- 6M
- 5.61%
- YTD
- 11.78%
- 1Y
- 14.56%
- 3Y*
- 5.53%
- 5Y*
- 4.56%
- 10Y*
- 7.24%
VPAC.L
- 1D
- -0.12%
- 1M
- 0.03%
- 6M
- 1.83%
- YTD
- 2.04%
- 1Y
- 5.32%
- 3Y*
- 8.42%
- 5Y*
- 3.51%
- 10Y*
- —
ISAG.L vs. VPAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ISAG.L iShares Agribusiness UCITS ETF USD (Acc) | 11.78% | 16.78% | -5.66% | -8.90% | 2.73% | 23.33% | 10.28% | 17.65% | -6.31% |
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD | 2.04% | 6.34% | 10.84% | 9.27% | -9.70% | 3.64% | 4.81% | 17.14% | -1.27% |
Correlation
The correlation between ISAG.L and VPAC.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2018 | 0.38 |
Over the past year, the correlation between ISAG.L and VPAC.L has dropped to 0.11 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
ISAG.L vs. VPAC.L — Risk / Return Rank
ISAG.L
VPAC.L
ISAG.L vs. VPAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agribusiness UCITS ETF USD (Acc) (ISAG.L) and Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.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.
| ISAG.L | VPAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.32 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.54 | -1.00 |
| Martin ratioReturn relative to average drawdown | 4.36 | 9.98 | -5.62 |
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Drawdowns
ISAG.L vs. VPAC.L - Drawdown Comparison
The maximum ISAG.L drawdown since its inception was -37.16%, which is greater than VPAC.L's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for ISAG.L and VPAC.L.
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Drawdown Indicators
| ISAG.L | VPAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -34.25% | -2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -2.02% | -8.15% |
Max Drawdown (3Y)Largest decline over 3 years | -19.13% | -3.40% | -15.73% |
Max Drawdown (5Y)Largest decline over 5 years | -33.22% | -13.89% | -19.33% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | — | — |
Current DrawdownCurrent decline from peak | -7.20% | -0.33% | -6.87% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -3.14% | -7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 0.52% | +3.10% |
Volatility
ISAG.L vs. VPAC.L - Volatility Comparison
iShares Agribusiness UCITS ETF USD (Acc) (ISAG.L) has a higher volatility of 2.94% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.L) at 0.74%. This indicates that ISAG.L's price experiences larger fluctuations and is considered to be riskier than VPAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISAG.L | VPAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 0.74% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 2.28% | +7.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 3.17% | +10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 5.30% | +12.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 11.00% | +6.84% |
ISAG.L vs. VPAC.L - Expense Ratio Comparison
ISAG.L has a 0.55% expense ratio, which is higher than VPAC.L's 0.50% expense ratio.
Dividends
ISAG.L vs. VPAC.L - Dividend Comparison
Neither ISAG.L nor VPAC.L has paid dividends to shareholders.
Frequently Asked Questions
ISAG.L and VPAC.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VPAC.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VPAC.L is cheaper with a 0.50% expense ratio, compared with 0.55% for ISAG.L.
ISAG.L tracks iShares Agribusiness UCITS ETF USD (Acc), while VPAC.L tracks Invesco Variable Rate Preferred Shares UCITS ETF USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for ISAG.L and 0.50% for VPAC.L.
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