IUIS.L vs. XS2D.L

Last updated Jul 16, 2026

IUIS.L (iShares S&P 500 Industrials Sector UCITS ETF USD (Acc)) and XS2D.L (Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C) are both exchange-traded funds - IUIS.L is a S&P 500 fund tracking the S&P 500 Capped 35/20 Industrials Index, while XS2D.L is a Leveraged Equities fund tracking the S&P 500 2x Leveraged Daily Index. Both are passively managed. Over the past 5 years, IUIS.L returned 13.16%/yr vs 18.77%/yr for XS2D.L. A 0.76 correlation means they provide meaningful diversification when combined. IUIS.L charges 0.15%/yr vs 0.60%/yr for XS2D.L.

Performance

IUIS.L vs. XS2D.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Industrials Sector UCITS ETF USD (Acc) (IUIS.L) and Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IUIS.L achieves a 15.25% return, which is significantly lower than XS2D.L's 17.62% return.

IUIS.L

• 1D: -0.72%
• 1M: 0.26%
• 6M: 9.91%
• YTD: 15.25%
• 1Y: 20.36%
• 3Y*: 19.64%
• 5Y*: 13.16%
• 10Y*: —

XS2D.L

• 1D: 0.45%
• 1M: -0.38%
• 6M: 17.03%
• YTD: 17.62%
• 1Y: 39.21%
• 3Y*: 33.50%
• 5Y*: 18.77%
• 10Y*: 23.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IUIS.L vs. XS2D.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUIS.L iShares S&P 500 Industrials Sector UCITS ETF USD (Acc)	15.25%	19.17%	17.53%	17.86%	-5.28%	20.71%	9.96%	28.50%	-12.85%	14.96%
XS2D.L Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C	17.62%	26.58%	45.65%	48.87%	-39.09%	63.03%	20.96%	62.86%	-15.93%	31.12%

Correlation

The correlation between IUIS.L and XS2D.L is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Mar 22, 2017	0.76

The correlation between IUIS.L and XS2D.L shifts across timeframes, from 0.67 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

IUIS.L vs. XS2D.L - Sectors Allocation Comparison

Sectors	IUIS.L	XS2D.L
Industrials	90.3%	5.9%
Utilities	5.3%	4.9%
Technology	3.5%	56.8%
Consumer Cyclical	0.5%	9.3%
Basic Materials	0.2%	2.2%
Communication Services	-	6.6%
Consumer Defensive	-	0.0%
Energy	-	-
Financial Services	-	6.0%
Healthcare	-	5.7%
Real Estate	-	2.4%

Return for Risk

IUIS.L vs. XS2D.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IUIS.L

IUIS.L Risk / Return Rank: 48
IUIS.L Sharpe Ratio Rank: 46
IUIS.L Sortino Ratio Rank: 52
IUIS.L Omega Ratio Rank: 43
IUIS.L Calmar Ratio Rank: 46
IUIS.L Martin Ratio Rank: 53

XS2D.L

XS2D.L Risk / Return Rank: 59
XS2D.L Sharpe Ratio Rank: 59
XS2D.L Sortino Ratio Rank: 61
XS2D.L Omega Ratio Rank: 55
XS2D.L Calmar Ratio Rank: 56
XS2D.L Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IUIS.L vs. XS2D.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Industrials Sector UCITS ETF USD (Acc) (IUIS.L) and Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.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.

	IUIS.L	XS2D.L	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.61	-0.27
Sortino ratio: Return per unit of downside risk	2.07	2.34	-0.27
Omega ratio: Gain probability vs. loss probability	1.23	1.28	-0.04
Calmar ratio: Return relative to maximum drawdown	1.95	2.31	-0.36
Martin ratio: Return relative to average drawdown	7.38	9.10	-1.71

IUIS.L vs. XS2D.L - Sharpe Ratio Comparison

The current IUIS.L Sharpe Ratio is 1.34, which is comparable to the XS2D.L Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of IUIS.L and XS2D.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IUIS.L vs. XS2D.L - Drawdown Comparison

The maximum IUIS.L drawdown since its inception was -42.18%, smaller than the maximum XS2D.L drawdown of -59.31%. Use the drawdown chart below to compare losses from any high point for IUIS.L and XS2D.L.

Drawdown Indicators

	IUIS.L	XS2D.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.18%	-59.31%	+17.13%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-16.91%	+6.49%
Max Drawdown (3Y) Largest decline over 3 years	-19.63%	-34.83%	+15.20%
Max Drawdown (5Y) Largest decline over 5 years	-21.22%	-46.01%	+24.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-59.31%	—
Current Drawdown Current decline from peak	-3.19%	-1.97%	-1.22%
Average Drawdown Average peak-to-trough decline	-5.05%	-8.93%	+3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	4.30%	-1.55%

Volatility

IUIS.L vs. XS2D.L - Volatility Comparison

The current volatility for iShares S&P 500 Industrials Sector UCITS ETF USD (Acc) (IUIS.L) is 4.85%, while Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ETF 1C (XS2D.L) has a volatility of 5.61%. This indicates that IUIS.L experiences smaller price fluctuations and is considered to be less risky than XS2D.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUIS.L	XS2D.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	5.61%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	12.73%	18.52%	-5.79%
Volatility (1Y) Calculated over the trailing 1-year period	15.19%	24.27%	-9.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.36%	31.89%	-14.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.49%	32.34%	-12.85%

IUIS.L vs. XS2D.L - Expense Ratio Comparison

IUIS.L has a 0.15% expense ratio, which is lower than XS2D.L's 0.60% expense ratio.

Dividends

IUIS.L vs. XS2D.L - Dividend Comparison

Neither IUIS.L nor XS2D.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IUIS.L and XS2D.L in my portfolio?

IUIS.L and XS2D.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUIS.L or XS2D.L?

On fees, IUIS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUIS.L or XS2D.L?

IUIS.L is cheaper with a 0.15% expense ratio, compared with 0.60% for XS2D.L.

What is the main difference between IUIS.L and XS2D.L?

IUIS.L is categorized as S&P 500, while XS2D.L is Leveraged Equities. IUIS.L tracks S&P 500 Capped 35/20 Industrials Index, while XS2D.L tracks S&P 500 2x Leveraged Daily Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.15% for IUIS.L and 0.60% for XS2D.L.