IUSF.L vs. DH2O.L
IUSF.L (iShares Edge MSCI USA Size Factor UCITS ETF) and DH2O.L (iShares Global Water UCITS ETF USD (Dist)) are both exchange-traded funds - IUSF.L is a Mid Cap Blend Equities fund tracking the Russell Mid Cap TR USD, while DH2O.L is a Global Equities fund tracking the S&P Global Water Index (NET) (USD). Both are passively managed. Over the past 5 years, IUSF.L returned 7.07%/yr vs 5.63%/yr for DH2O.L. A 0.72 correlation means they provide meaningful diversification when combined. IUSF.L charges 0.20%/yr vs 0.65%/yr for DH2O.L.
Performance
IUSF.L vs. DH2O.L - Performance Comparison
Loading charts...
Different Trading Currencies
IUSF.L is traded in GBp, while DH2O.L is traded in USD. To make them comparable, the DH2O.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUSF.L achieves a 8.56% return, which is significantly higher than DH2O.L's 4.52% return.
IUSF.L
- 1D
- -0.15%
- 1M
- 0.31%
- 6M
- 4.64%
- YTD
- 8.56%
- 1Y
- 13.53%
- 3Y*
- 10.58%
- 5Y*
- 7.07%
- 10Y*
- —
DH2O.L
- 1D
- 0.24%
- 1M
- 2.72%
- 6M
- 0.59%
- YTD
- 4.52%
- 1Y
- 7.33%
- 3Y*
- 8.17%
- 5Y*
- 5.63%
- 10Y*
- 9.49%
IUSF.L vs. DH2O.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSF.L iShares Edge MSCI USA Size Factor UCITS ETF | 8.56% | 1.00% | 14.60% | 10.79% | -8.57% | 27.74% | 13.62% | 23.94% | -5.85% | 7.91% |
DH2O.L iShares Global Water UCITS ETF USD (Dist) | 4.52% | 9.23% | 6.11% | 7.89% | -11.42% | 31.91% | 11.83% | 28.52% | -5.29% | 16.01% |
Correlation
The correlation between IUSF.L and DH2O.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2016 | 0.72 |
The correlation between IUSF.L and DH2O.L shifts across timeframes, from 0.55 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IUSF.L vs. DH2O.L — Risk / Return Rank
IUSF.L
DH2O.L
IUSF.L vs. DH2O.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Size Factor UCITS ETF (IUSF.L) and iShares Global Water UCITS ETF USD (Dist) (DH2O.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.
| IUSF.L | DH2O.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.10 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.71 | +1.12 |
| Martin ratioReturn relative to average drawdown | 5.55 | 1.72 | +3.83 |
Loading charts...
Drawdowns
IUSF.L vs. DH2O.L - Drawdown Comparison
The maximum IUSF.L drawdown since its inception was -33.67%, smaller than the maximum DH2O.L drawdown of -37.91%. Use the drawdown chart below to compare losses from any high point for IUSF.L and DH2O.L.
Loading charts...
Drawdown Indicators
| IUSF.L | DH2O.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -37.91% | +4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.39% | -10.33% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -22.73% | -14.14% | -8.59% |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | -23.57% | +0.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.84% | — |
Current DrawdownCurrent decline from peak | -2.39% | -3.43% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -6.01% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 4.24% | -1.81% |
Volatility
IUSF.L vs. DH2O.L - Volatility Comparison
The current volatility for iShares Edge MSCI USA Size Factor UCITS ETF (IUSF.L) is 3.65%, while iShares Global Water UCITS ETF USD (Dist) (DH2O.L) has a volatility of 5.04%. This indicates that IUSF.L experiences smaller price fluctuations and is considered to be less risky than DH2O.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IUSF.L | DH2O.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 5.04% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.05% | 11.16% | -3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 13.69% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 15.19% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 15.74% | +1.52% |
IUSF.L vs. DH2O.L - Expense Ratio Comparison
IUSF.L has a 0.20% expense ratio, which is lower than DH2O.L's 0.65% expense ratio.
Dividends
IUSF.L vs. DH2O.L - Dividend Comparison
IUSF.L has not paid dividends to shareholders, while DH2O.L's dividend yield for the trailing twelve months is around 1.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DH2O.L iShares Global Water UCITS ETF USD (Dist) | 1.34% | 1.33% | 1.06% | 1.18% | 1.09% | 1.66% | 0.94% | 1.39% | 1.80% | 1.46% | 1.76% | 1.65% |
IUSF.L iShares Edge MSCI USA Size Factor 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
IUSF.L and DH2O.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSF.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSF.L is cheaper with a 0.20% expense ratio, compared with 0.65% for DH2O.L.
IUSF.L is categorized as Mid Cap Blend Equities, while DH2O.L is Global Equities. IUSF.L tracks Russell Mid Cap TR USD, while DH2O.L tracks S&P Global Water Index (NET) (USD). Their fees differ too: 0.20% for IUSF.L and 0.65% for DH2O.L.
Find the right allocation for IUSF.L and DH2O.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer