IUGA.L vs. ISAC.L
IUGA.L (iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist)) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - IUGA.L is a Intermediate Core Bond fund tracking the Bloomberg US Aggregate Bond (GBP Hedged) Index, while ISAC.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 5 years, IUGA.L returned 36.68%/yr vs 12.59%/yr for ISAC.L. At a correlation of -0.03, they often move in opposite directions. IUGA.L charges 0.30%/yr vs 0.20%/yr for ISAC.L.
Performance
IUGA.L vs. ISAC.L - Performance Comparison
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Different Trading Currencies
IUGA.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, IUGA.L achieves a -0.02% return, which is significantly lower than ISAC.L's 11.99% return.
IUGA.L
- 1D
- 0.23%
- 1M
- 0.22%
- YTD
- -0.02%
- 6M
- 0.36%
- 1Y
- 4.38%
- 3Y*
- 3.32%
- 5Y*
- 36.68%
- 10Y*
- —
ISAC.L
- 1D
- -0.10%
- 1M
- 5.22%
- YTD
- 11.99%
- 6M
- 12.22%
- 1Y
- 30.05%
- 3Y*
- 18.15%
- 5Y*
- 12.59%
- 10Y*
- 13.47%
IUGA.L vs. ISAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUGA.L iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist) | -0.02% | 6.73% | 0.92% | 3.88% | -13.86% | 2,773.87% | 6.05% | 6.89% | -0.11% |
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% | 0.93% |
Correlation
The correlation between IUGA.L and ISAC.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2018 | -0.03 |
The correlation between IUGA.L and ISAC.L shifts across timeframes, from -0.03 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IUGA.L vs. ISAC.L — Risk / Return Rank
IUGA.L
ISAC.L
IUGA.L vs. ISAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist) (IUGA.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.
| IUGA.L | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.47 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 4.35 | -2.81 |
| Martin ratioReturn relative to average drawdown | 4.69 | 16.70 | -12.01 |
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
| IUGA.L | ISAC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 2.52 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.88 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.86 | -0.62 |
Drawdowns
IUGA.L vs. ISAC.L - Drawdown Comparison
The maximum IUGA.L drawdown since its inception was -18.09%, smaller than the maximum ISAC.L drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for IUGA.L and ISAC.L.
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Drawdown Indicators
| IUGA.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.09% | -25.84% | +7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -6.88% | +4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -5.95% | -18.33% | +12.38% |
Max Drawdown (5Y)Largest decline over 5 years | -18.09% | -18.33% | +0.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.84% | — |
Current DrawdownCurrent decline from peak | -4.21% | -0.36% | -3.85% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -3.56% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 1.80% | -0.87% |
Volatility
IUGA.L vs. ISAC.L - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist) (IUGA.L) is 1.67%, while iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) has a volatility of 3.70%. This indicates that IUGA.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.
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Volatility by Period
| IUGA.L | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 3.70% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 9.23% | -6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 11.88% | -8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 175.04% | 14.28% | +160.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 221.17% | 15.48% | +205.69% |
IUGA.L vs. ISAC.L - Expense Ratio Comparison
IUGA.L has a 0.30% expense ratio, which is higher than ISAC.L's 0.20% expense ratio.
Dividends
IUGA.L vs. ISAC.L - Dividend Comparison
IUGA.L's dividend yield for the trailing twelve months is around 3.86%, while ISAC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
IUGA.L iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist) | 3.86% | 3.68% | 3.52% | 2.96% | 2.24% | 164.70% | 2.05% | 2.64% | 1.45% |
Frequently Asked Questions
IUGA.L and ISAC.L have a correlation of 0.27, 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 0.30% for IUGA.L.
IUGA.L is categorized as Intermediate Core Bond, while ISAC.L is Global Equities. IUGA.L tracks Bloomberg US Aggregate Bond (GBP Hedged) Index, while ISAC.L tracks MSCI ACWI Index. Their fees differ too: 0.30% for IUGA.L and 0.20% for ISAC.L.
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