IUSA.MI vs. VVSM.DE
IUSA.MI (iShares Core S&P 500 UCITS ETF USD Dist) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - IUSA.MI is a S&P 500 fund tracking the S&P 500 Index, while VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past 5 years, IUSA.MI returned 13.76%/yr vs 34.97%/yr for VVSM.DE. A 0.71 correlation means they provide meaningful diversification when combined. IUSA.MI charges 0.07%/yr vs 0.35%/yr for VVSM.DE.
Performance
IUSA.MI vs. VVSM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSA.MI achieves a 13.12% return, which is significantly lower than VVSM.DE's 71.02% return.
IUSA.MI
- 1D
- 0.00%
- 1M
- 2.07%
- 6M
- 10.84%
- YTD
- 13.12%
- 1Y
- 23.06%
- 3Y*
- 19.14%
- 5Y*
- 13.76%
- 10Y*
- 14.44%
VVSM.DE
- 1D
- -3.50%
- 1M
- -11.27%
- 6M
- 49.70%
- YTD
- 71.02%
- 1Y
- 116.31%
- 3Y*
- 51.12%
- 5Y*
- 34.97%
- 10Y*
- —
IUSA.MI vs. VVSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IUSA.MI iShares Core S&P 500 UCITS ETF USD Dist | 13.12% | 4.30% | 33.67% | 22.28% | -14.70% | 40.93% | 1.00% |
VVSM.DE VanEck Semiconductor UCITS ETF | 71.02% | 33.22% | 31.47% | 70.20% | -32.79% | 58.38% | -15.76% |
Correlation
The correlation between IUSA.MI and VVSM.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.71 |
The correlation between IUSA.MI and VVSM.DE has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
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Return for Risk
IUSA.MI vs. VVSM.DE — Risk / Return Rank
IUSA.MI
VVSM.DE
IUSA.MI vs. VVSM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.MI) and VanEck Semiconductor UCITS ETF (VVSM.DE). 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.
| IUSA.MI | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.45 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 6.95 | -3.70 |
| Martin ratioReturn relative to average drawdown | 11.47 | 26.80 | -15.32 |
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Drawdowns
IUSA.MI vs. VVSM.DE - Drawdown Comparison
The maximum IUSA.MI drawdown since its inception was -47.45%, which is greater than VVSM.DE's maximum drawdown of -37.65%. Use the drawdown chart below to compare losses from any high point for IUSA.MI and VVSM.DE.
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Drawdown Indicators
| IUSA.MI | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.45% | -37.65% | -9.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -16.64% | +9.48% |
Max Drawdown (3Y)Largest decline over 3 years | -23.27% | -37.52% | +14.25% |
Max Drawdown (5Y)Largest decline over 5 years | -23.27% | -37.65% | +14.38% |
Max Drawdown (10Y)Largest decline over 10 years | -33.65% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | -16.64% | +16.49% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -10.41% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 4.32% | -2.30% |
Volatility
IUSA.MI vs. VVSM.DE - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.MI) is 2.78%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 15.58%. This indicates that IUSA.MI experiences smaller price fluctuations and is considered to be less risky than VVSM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSA.MI | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 15.58% | -12.80% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 29.42% | -21.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.70% | 36.51% | -24.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 32.20% | -16.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 32.36% | -16.26% |
IUSA.MI vs. VVSM.DE - Expense Ratio Comparison
IUSA.MI has a 0.07% expense ratio, which is lower than VVSM.DE's 0.35% expense ratio.
Dividends
IUSA.MI vs. VVSM.DE - Dividend Comparison
IUSA.MI's dividend yield for the trailing twelve months is around 0.85%, while VVSM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSA.MI iShares Core S&P 500 UCITS ETF USD Dist | 0.85% | 0.94% | 0.99% | 1.26% | 1.47% | 0.99% | 1.40% | 1.49% | 1.71% | 1.52% | 1.38% | 1.52% |
VVSM.DE 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
IUSA.MI and VVSM.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSA.MI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.MI is cheaper with a 0.07% expense ratio, compared with 0.35% for VVSM.DE.
IUSA.MI is categorized as S&P 500, while VVSM.DE is Semiconductors. IUSA.MI tracks S&P 500 Index, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.07% for IUSA.MI and 0.35% for VVSM.DE.
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