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IUSA.L vs. IVW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUSA.L vs. IVW

Last updated Jun 5, 2026

IUSA.L (iShares S&P 500 UCITS Dist) and IVW (iShares S&P 500 Growth ETF) are both exchange-traded funds - IUSA.L is a S&P 500 fund tracking the S&P 500 Index, while IVW is a Large Cap Growth Equities fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, IUSA.L returned 16.52%/yr vs 18.58%/yr for IVW. A 0.58 correlation means they provide meaningful diversification when combined. IUSA.L charges 0.07%/yr vs 0.18%/yr for IVW.

Performance

IUSA.L vs. IVW - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares S&P 500 UCITS Dist (IUSA.L) and iShares S&P 500 Growth ETF (IVW). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IUSA.L is traded in GBp, while IVW is traded in USD. To make them comparable, the IVW values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with IUSA.L having a 10.67% return and IVW slightly lower at 10.39%. Over the past 10 years, IUSA.L has underperformed IVW with an annualized return of 16.52%, while IVW has yielded a comparatively higher 18.58% annualized return.

IUSA.L

1D
0.04%
1M
4.50%
YTD
10.67%
6M
10.05%
1Y
29.42%
3Y*
19.42%
5Y*
15.33%
10Y*
16.52%

IVW

1D
-3.20%
1M
2.11%
YTD
10.39%
6M
8.25%
1Y
31.70%
3Y*
23.42%
5Y*
16.40%
10Y*
18.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUSA.L vs. IVW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUSA.L
iShares S&P 500 UCITS Dist		10.67%9.70%27.73%20.24%-8.72%31.54%14.15%27.06%0.51%11.19%
IVW
iShares S&P 500 Growth ETF		10.39%13.26%38.19%23.34%-21.12%33.05%29.28%25.79%5.71%16.21%

Correlation

The correlation between IUSA.L and IVW is 0.66, 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

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.59

Correlation (5Y)
Calculated over the trailing 5-year period

0.56

Correlation (10Y)
Calculated over the trailing 10-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Jul 4, 2007

0.58

The correlation between IUSA.L and IVW has been stable across timeframes, ranging from 0.56 to 0.66 - a consistent structural relationship.

IUSA.L vs. IVW - Sectors Allocation Comparison

Sectors
IUSA.L
IVW

Technology

38.2%
49.3%

Financial Services

11.1%
8.9%

Communication Services

10.9%
18.0%

Consumer Cyclical

10.0%
9.4%

Healthcare

8.3%
5.8%

Industrials

7.9%
6.2%

Consumer Defensive

4.7%
1.0%

Energy

3.2%
0.1%

Utilities

2.2%
0.4%

Real Estate

1.9%
0.6%

Basic Materials

1.7%
0.4%

Technology

IUSA.L
38.2%
IVW
49.3%

Financial Services

IUSA.L
11.1%
IVW
8.9%

Communication Services

IUSA.L
10.9%
IVW
18.0%

Consumer Cyclical

IUSA.L
10.0%
IVW
9.4%

Healthcare

IUSA.L
8.3%
IVW
5.8%

Industrials

IUSA.L
7.9%
IVW
6.2%

Consumer Defensive

IUSA.L
4.7%
IVW
1.0%

Energy

IUSA.L
3.2%
IVW
0.1%

Utilities

IUSA.L
2.2%
IVW
0.4%

Real Estate

IUSA.L
1.9%
IVW
0.6%

Basic Materials

IUSA.L
1.7%
IVW
0.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P 500 UCITS Dist

iShares S&P 500 Growth ETF

Often compared with IUSA.L:
IUSA.L vs. CSP1.LIUSA.L vs. VUAA.LIUSA.L vs. IAPD.ASIUSA.L vs. SPX5.LIUSA.L vs. SPXP.LIUSA.L vs. VOOIUSA.L vs. IVV
Often compared with IVW:
IVW vs. IVVIVW vs. IVEIVW vs. QQQIVW vs. SPYIVW vs. VOOIVW vs. VOOGIVW vs. SPYG

Return for Risk

IUSA.L vs. IVW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUSA.L
IUSA.L Risk / Return Rank: 8484
Overall Rank
IUSA.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
IUSA.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
IUSA.L Omega Ratio Rank: 8686
Omega Ratio Rank
IUSA.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
IUSA.L Martin Ratio Rank: 8080
Martin Ratio Rank
IVW
IVW Risk / Return Rank: 5151
Overall Rank
IVW Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
IVW Sortino Ratio Rank: 5151
Sortino Ratio Rank
IVW Omega Ratio Rank: 5252
Omega Ratio Rank
IVW Calmar Ratio Rank: 4545
Calmar Ratio Rank
IVW Martin Ratio Rank: 5353
Martin Ratio Rank
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.

IUSA.L vs. IVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 UCITS Dist (IUSA.L) and iShares S&P 500 Growth ETF (IVW). 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.

IUSA.LIVWDifference
Sharpe ratioReturn per unit of total volatility
2.82
2.05

+0.77

Sortino ratioReturn per unit of downside risk
3.78
2.66

+1.11

Omega ratioGain probability vs. loss probability

1.53

1.36

+0.16

Calmar ratioReturn relative to maximum drawdown

4.20

2.33

+1.87

Martin ratioReturn relative to average drawdown

15.53

7.70

+7.83

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUSA.L vs. IVW - Sharpe Ratio Comparison

The current IUSA.L Sharpe Ratio is 2.82, which is higher than the IVW Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of IUSA.L and IVW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IUSA.LIVWDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.82

2.05

+0.77

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.07

0.82

+0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.06

0.90

+0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.76

-0.18

Drawdowns

IUSA.L vs. IVW - Drawdown Comparison

The maximum IUSA.L drawdown since its inception was -38.58%, which is greater than IVW's maximum drawdown of -28.43%. Use the drawdown chart below to compare losses from any high point for IUSA.L and IVW.

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Drawdown Indicators

IUSA.LIVWDifference

Max Drawdown

Largest peak-to-trough decline

-38.58%

-28.43%

-10.15%

Max Drawdown (1Y)

Largest decline over 1 year

-7.01%

-13.67%

+6.66%

Max Drawdown (3Y)

Largest decline over 3 years

-21.08%

-25.55%

+4.47%

Max Drawdown (5Y)

Largest decline over 5 years

-21.08%

-25.55%

+4.47%

Max Drawdown (10Y)

Largest decline over 10 years

-25.42%

-25.55%

+0.13%

Current Drawdown

Current decline from peak

-0.22%

-4.10%

+3.88%

Average Drawdown

Average peak-to-trough decline

-7.29%

-5.21%

-2.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.90%

4.13%

-2.23%

Volatility

IUSA.L vs. IVW - Volatility Comparison

The current volatility for iShares S&P 500 UCITS Dist (IUSA.L) is 2.62%, while iShares S&P 500 Growth ETF (IVW) has a volatility of 5.15%. This indicates that IUSA.L experiences smaller price fluctuations and is considered to be less risky than IVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUSA.LIVWDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.62%

5.15%

-2.53%

Volatility (6M)

Calculated over the trailing 6-month period

7.13%

11.64%

-4.51%

Volatility (1Y)

Calculated over the trailing 1-year period

10.44%

15.59%

-5.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.33%

20.00%

-5.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.60%

20.63%

-5.03%

IUSA.L vs. IVW - Expense Ratio Comparison

IUSA.L has a 0.07% expense ratio, which is lower than IVW's 0.18% 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

IUSA.L vs. IVW - Dividend Comparison

IUSA.L's dividend yield for the trailing twelve months is around 1.15%, more than IVW's 0.36% yield.

PositionTTM20252024202320222021202020192018201720162015
IUSA.L
iShares S&P 500 UCITS Dist		1.15%1.24%1.28%1.55%1.74%1.39%1.80%1.96%2.22%1.95%1.75%2.29%
IVW
iShares S&P 500 Growth ETF		0.36%0.40%0.43%1.03%0.92%0.46%0.82%1.63%1.28%1.30%1.51%1.51%

Frequently Asked Questions

IUSA.L and IVW have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IUSA.L is cheaper with a 0.07% expense ratio, compared with 0.18% for IVW.

IUSA.L is categorized as S&P 500, while IVW is Large Cap Growth Equities. IUSA.L tracks S&P 500 Index, while IVW tracks S&P 500 Growth Index. Their fees differ too: 0.07% for IUSA.L and 0.18% for IVW.

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