IUCM.L vs. XSSW.L
IUCM.L (iShares S&P 500 Communication Sector UCITS ETF USD Acc) and XSSW.L (Xtrackers MSCI World Communication Services UCITS ETF 1C GBP) are both Communications Equities funds - IUCM.L tracks the MSCI World/Comm Services NR USD while XSSW.L tracks the MSCI World Communication Services 20-35 Custom Index. Both are passively managed. Over the past year, IUCM.L returned 20.87% vs 24.70% for XSSW.L. Their correlation of 0.93 suggests significant overlap in exposure. IUCM.L charges 0.15%/yr vs 0.25%/yr for XSSW.L.
Performance
IUCM.L vs. XSSW.L - Performance Comparison
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Different Trading Currencies
IUCM.L is traded in USD, while XSSW.L is traded in GBP. To make them comparable, the XSSW.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUCM.L achieves a 1.60% return, which is significantly lower than XSSW.L's 3.62% return.
IUCM.L
- 1D
- 1.51%
- 1M
- -2.81%
- YTD
- 1.60%
- 6M
- 1.52%
- 1Y
- 20.87%
- 3Y*
- 27.10%
- 5Y*
- 11.39%
- 10Y*
- —
XSSW.L
- 1D
- 1.05%
- 1M
- -1.14%
- YTD
- 3.62%
- 6M
- 3.28%
- 1Y
- 24.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUCM.L vs. XSSW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IUCM.L iShares S&P 500 Communication Sector UCITS ETF USD Acc | 1.60% | 26.48% | 38.98% | 9.38% |
XSSW.L Xtrackers MSCI World Communication Services UCITS ETF 1C GBP | 3.62% | 29.19% | 34.59% | 9.17% |
Correlation
The correlation between IUCM.L and XSSW.L is 0.91, 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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2023 | 0.93 |
The correlation between IUCM.L and XSSW.L has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
IUCM.L vs. XSSW.L — Risk / Return Rank
IUCM.L
XSSW.L
IUCM.L vs. XSSW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Communication Sector UCITS ETF USD Acc (IUCM.L) and Xtrackers MSCI World Communication Services UCITS ETF 1C GBP (XSSW.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.
| IUCM.L | XSSW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.14 | 0.00 |
| Martin ratioReturn relative to average drawdown | 7.78 | 8.65 | -0.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUCM.L | XSSW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.73 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 1.66 | -0.94 |
Drawdowns
IUCM.L vs. XSSW.L - Drawdown Comparison
The maximum IUCM.L drawdown since its inception was -47.32%, which is greater than XSSW.L's maximum drawdown of -19.20%. Use the drawdown chart below to compare losses from any high point for IUCM.L and XSSW.L.
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Drawdown Indicators
| IUCM.L | XSSW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.32% | -19.20% | -28.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.71% | -11.51% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -18.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.32% | — | — |
Current DrawdownCurrent decline from peak | -4.70% | -3.27% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -2.40% | -7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.85% | -0.18% |
Volatility
IUCM.L vs. XSSW.L - Volatility Comparison
iShares S&P 500 Communication Sector UCITS ETF USD Acc (IUCM.L) has a higher volatility of 4.40% compared to Xtrackers MSCI World Communication Services UCITS ETF 1C GBP (XSSW.L) at 4.12%. This indicates that IUCM.L's price experiences larger fluctuations and is considered to be riskier than XSSW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUCM.L | XSSW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.12% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 10.40% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.28% | 14.20% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 16.38% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.34% | 16.38% | +3.96% |
IUCM.L vs. XSSW.L - Expense Ratio Comparison
IUCM.L has a 0.15% expense ratio, which is lower than XSSW.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IUCM.L vs. XSSW.L - Dividend Comparison
Neither IUCM.L nor XSSW.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, IUCM.L and XSSW.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IUCM.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUCM.L is cheaper with a 0.15% expense ratio, compared with 0.25% for XSSW.L.
IUCM.L tracks MSCI World/Comm Services NR USD, while XSSW.L tracks MSCI World Communication Services 20-35 Custom Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.15% for IUCM.L and 0.25% for XSSW.L.
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