IUSZ.L vs. IUSF.L
IUSZ.L (iShares MSCI USA Mid-Cap Equal Weight UCITS ETF USD (Acc)) and IUSF.L (iShares Edge MSCI USA Size Factor UCITS ETF) are both Mid Cap Blend Equities funds from iShares - IUSZ.L tracks the MSCI USA Mid-Cap Equal Weighted Index while IUSF.L tracks the Russell Mid Cap TR USD. Both are passively managed. Over the past 5 years, IUSZ.L returned 6.64%/yr vs 6.59%/yr for IUSF.L. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
IUSZ.L vs. IUSF.L - Performance Comparison
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Different Trading Currencies
IUSZ.L is traded in USD, while IUSF.L is traded in GBp. To make them comparable, the IUSF.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with IUSZ.L having a 8.82% return and IUSF.L slightly lower at 8.50%.
IUSZ.L
- 1D
- -0.44%
- 1M
- 0.52%
- 6M
- 5.50%
- YTD
- 8.82%
- 1Y
- 14.45%
- 3Y*
- 11.75%
- 5Y*
- 6.64%
- 10Y*
- —
IUSF.L
- 1D
- -0.36%
- 1M
- 1.52%
- 6M
- 5.20%
- YTD
- 8.50%
- 1Y
- 13.81%
- 3Y*
- 11.73%
- 5Y*
- 6.59%
- 10Y*
- —
IUSZ.L vs. IUSF.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 USD (Acc) | 8.82% | 8.58% | 12.73% | 17.19% | -18.26% | 26.04% | 17.67% | 27.95% | -10.01% | 17.20% |
IUSF.L iShares Edge MSCI USA Size Factor UCITS ETF | 8.50% | 8.62% | 12.69% | 16.63% | -18.35% | 26.58% | 17.10% | 28.91% | -11.18% | 18.18% |
Correlation
The correlation between IUSZ.L and IUSF.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2016 | 0.91 |
The correlation between IUSZ.L and IUSF.L has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
IUSZ.L vs. IUSF.L — Risk / Return Rank
IUSZ.L
IUSF.L
IUSZ.L vs. IUSF.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 USD (Acc) (IUSZ.L) and iShares Edge MSCI USA Size Factor UCITS ETF (IUSF.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 | IUSF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.63 | +0.13 |
| Martin ratioReturn relative to average drawdown | 6.21 | 5.95 | +0.26 |
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Drawdowns
IUSZ.L vs. IUSF.L - Drawdown Comparison
The maximum IUSZ.L drawdown since its inception was -41.10%, roughly equal to the maximum IUSF.L drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for IUSZ.L and IUSF.L.
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Drawdown Indicators
| IUSZ.L | IUSF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.10% | -40.80% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -8.45% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -21.38% | -21.22% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -25.70% | -26.22% | +0.52% |
Current DrawdownCurrent decline from peak | -1.18% | -1.33% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -6.18% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.32% | 0.00% |
Volatility
IUSZ.L vs. IUSF.L - Volatility Comparison
iShares MSCI USA Mid-Cap Equal Weight UCITS ETF USD (Acc) (IUSZ.L) has a higher volatility of 3.58% compared to iShares Edge MSCI USA Size Factor UCITS ETF (IUSF.L) at 3.31%. This indicates that IUSZ.L's price experiences larger fluctuations and is considered to be riskier than IUSF.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 | IUSF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 3.31% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 8.67% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 11.94% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.02% | 17.61% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 18.39% | +2.32% |
IUSZ.L vs. IUSF.L - Expense Ratio Comparison
Both IUSZ.L and IUSF.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. IUSF.L - Dividend Comparison
IUSZ.L's dividend yield for the trailing twelve months is around 0.42%, while IUSF.L has not paid dividends to shareholders.
| Position | TTM |
|---|---|
IUSF.L iShares Edge MSCI USA Size Factor UCITS ETF | 0.00% |
IUSZ.L iShares MSCI USA Mid-Cap Equal Weight UCITS ETF USD (Acc) | 0.42% |
Frequently Asked Questions
With a correlation of 0.92, IUSZ.L and IUSF.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 IUSF.L have the same expense ratio: 0.20% per year.
IUSZ.L tracks MSCI USA Mid-Cap Equal Weighted Index, while IUSF.L tracks Russell Mid Cap TR USD.
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