ISUS.L vs. SMH.L
ISUS.L (iShares MSCI USA Islamic UCITS ETF USD (Dist)) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - ISUS.L is a Global Equities fund tracking the iShares MSCI USA Islamic UCITS ETF USD (Dist), while SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. Both are passively managed. Over the past 5 years, ISUS.L returned 13.38%/yr vs 36.12%/yr for SMH.L. A 0.68 correlation means they provide meaningful diversification when combined. ISUS.L charges 0.50%/yr vs 0.35%/yr for SMH.L.
Performance
ISUS.L vs. SMH.L - Performance Comparison
Loading charts...
Different Trading Currencies
ISUS.L is traded in GBp, while SMH.L is traded in USD. To make them comparable, the SMH.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISUS.L achieves a 16.13% return, which is significantly lower than SMH.L's 75.78% return.
ISUS.L
- 1D
- -0.54%
- 1M
- -5.23%
- 6M
- 13.90%
- YTD
- 16.13%
- 1Y
- 28.27%
- 3Y*
- 14.69%
- 5Y*
- 13.38%
- 10Y*
- 11.28%
SMH.L
- 1D
- -4.48%
- 1M
- -9.67%
- 6M
- 61.91%
- YTD
- 75.78%
- 1Y
- 121.85%
- 3Y*
- 52.56%
- 5Y*
- 36.12%
- 10Y*
- —
ISUS.L vs. SMH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ISUS.L iShares MSCI USA Islamic UCITS ETF USD (Dist) | 16.13% | 8.35% | 11.17% | 18.94% | -1.34% | 31.21% | 0.70% |
SMH.L VanEck Semiconductor UCITS ETF | 75.78% | 38.57% | 26.28% | 67.15% | -27.87% | 44.10% | 2.52% |
Correlation
The correlation between ISUS.L and SMH.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.68 |
The correlation between ISUS.L and SMH.L has been stable across timeframes, ranging from 0.68 to 0.77 - 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
ISUS.L vs. SMH.L — Risk / Return Rank
ISUS.L
SMH.L
ISUS.L vs. SMH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Islamic UCITS ETF USD (Dist) (ISUS.L) and VanEck Semiconductor UCITS ETF (SMH.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.
| ISUS.L | SMH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.48 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.23 | 8.50 | -4.27 |
| Martin ratioReturn relative to average drawdown | 13.71 | 28.48 | -14.77 |
Loading charts...
Drawdowns
ISUS.L vs. SMH.L - Drawdown Comparison
The maximum ISUS.L drawdown since its inception was -60.74%, which is greater than SMH.L's maximum drawdown of -36.36%. Use the drawdown chart below to compare losses from any high point for ISUS.L and SMH.L.
Loading charts...
Drawdown Indicators
| ISUS.L | SMH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.74% | -36.36% | -24.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -14.25% | +7.26% |
Max Drawdown (3Y)Largest decline over 3 years | -23.99% | -36.36% | +12.37% |
Max Drawdown (5Y)Largest decline over 5 years | -23.99% | -36.36% | +12.37% |
Max Drawdown (10Y)Largest decline over 10 years | -24.48% | — | — |
Current DrawdownCurrent decline from peak | -6.99% | -13.65% | +6.66% |
Average DrawdownAverage peak-to-trough decline | -14.34% | -9.75% | -4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 4.26% | -2.10% |
Volatility
ISUS.L vs. SMH.L - Volatility Comparison
The current volatility for iShares MSCI USA Islamic UCITS ETF USD (Dist) (ISUS.L) is 6.20%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 16.49%. This indicates that ISUS.L experiences smaller price fluctuations and is considered to be less risky than SMH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ISUS.L | SMH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 16.49% | -10.29% |
Volatility (6M)Calculated over the trailing 6-month period | 11.35% | 30.17% | -18.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 36.45% | -22.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.94% | 32.35% | -17.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.58% | 31.76% | -16.18% |
ISUS.L vs. SMH.L - Expense Ratio Comparison
ISUS.L has a 0.50% expense ratio, which is higher than SMH.L's 0.35% expense ratio.
Dividends
ISUS.L vs. SMH.L - Dividend Comparison
ISUS.L's dividend yield for the trailing twelve months is around 0.66%, while SMH.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISUS.L iShares MSCI USA Islamic UCITS ETF USD (Dist) | 0.66% | 0.75% | 0.89% | 1.13% | 1.53% | 1.00% | 1.50% | 1.41% | 1.45% | 1.43% | 1.23% | 1.39% |
SMH.L VanEck Semiconductor UCITS ETF | 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
ISUS.L and SMH.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMH.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMH.L is cheaper with a 0.35% expense ratio, compared with 0.50% for ISUS.L.
ISUS.L is categorized as Global Equities, while SMH.L is Semiconductors. ISUS.L tracks iShares MSCI USA Islamic UCITS ETF USD (Dist), while SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.50% for ISUS.L and 0.35% for SMH.L.
Find the right allocation for ISUS.L and SMH.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