IUSZ.L vs. ISAC.L
IUSZ.L (iShares MSCI USA Mid-Cap Equal Weight UCITS ETF) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IUSZ.L tracks the iShares MSCI USA Mid-Cap Equal Weight UCITS ETF while ISAC.L tracks the MSCI All Country World Index (Net). Both are passively managed. Over the past 5 years, IUSZ.L returned 6.53%/yr vs 11.12%/yr for ISAC.L. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
IUSZ.L vs. ISAC.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUSZ.L achieves a 8.28% return, which is significantly lower than ISAC.L's 11.18% return.
IUSZ.L
- 1D
- -0.50%
- 1M
- -0.42%
- 6M
- 5.64%
- YTD
- 8.28%
- 1Y
- 14.27%
- 3Y*
- 11.91%
- 5Y*
- 6.53%
- 10Y*
- —
ISAC.L
- 1D
- 0.12%
- 1M
- -0.60%
- 6M
- 9.67%
- YTD
- 11.18%
- 1Y
- 23.73%
- 3Y*
- 19.02%
- 5Y*
- 11.12%
- 10Y*
- 12.44%
IUSZ.L vs. ISAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSZ.L iShares MSCI USA Mid-Cap Equal Weight UCITS ETF | 8.28% | 8.58% | 12.73% | 17.19% | -18.26% | 26.04% | 17.67% | 27.95% | -10.01% | 17.20% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 11.18% | 22.36% | 17.81% | 22.57% | -18.16% | 18.85% | 15.66% | 25.75% | -9.73% | 24.40% |
Correlation
The correlation between IUSZ.L and ISAC.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.83 |
The correlation between IUSZ.L and ISAC.L has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.
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Return for Risk
IUSZ.L vs. ISAC.L — Risk / Return Rank
IUSZ.L
ISAC.L
IUSZ.L vs. ISAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Mid-Cap Equal Weight UCITS ETF (IUSZ.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.
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.
| IUSZ.L | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.34 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.70 | -0.76 |
| Martin ratioReturn relative to average drawdown | 6.85 | 10.76 | -3.90 |
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Drawdowns
IUSZ.L vs. ISAC.L - Drawdown Comparison
The maximum IUSZ.L drawdown since its inception was -41.10%, which is greater than ISAC.L's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for IUSZ.L and ISAC.L.
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Drawdown Indicators
| IUSZ.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.10% | -33.82% | -7.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -8.77% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -21.38% | -16.56% | -4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -25.70% | -26.07% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.82% | — |
Current DrawdownCurrent decline from peak | -1.67% | -1.03% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -4.62% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.20% | +0.12% |
Volatility
IUSZ.L vs. ISAC.L - Volatility Comparison
iShares MSCI USA Mid-Cap Equal Weight UCITS ETF (IUSZ.L) has a higher volatility of 3.88% compared to iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) at 3.18%. This indicates that IUSZ.L's price experiences larger fluctuations and is considered to be riskier 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
| IUSZ.L | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 3.18% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 10.57% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 12.88% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 15.65% | +2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 15.82% | +4.90% |
IUSZ.L vs. ISAC.L - Expense Ratio Comparison
Both IUSZ.L and ISAC.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IUSZ.L vs. ISAC.L - Dividend Comparison
IUSZ.L's dividend yield for the trailing twelve months is around 0.43%, while ISAC.L has not paid dividends to shareholders.
| Position | TTM |
|---|---|
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 0.00% |
IUSZ.L iShares MSCI USA Mid-Cap Equal Weight UCITS ETF | 0.43% |
Frequently Asked Questions
IUSZ.L and ISAC.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IUSZ.L and ISAC.L have the same expense ratio: 0.20% per year.
IUSZ.L tracks iShares MSCI USA Mid-Cap Equal Weight UCITS ETF, while ISAC.L tracks MSCI All Country World Index (Net).
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