M9SV.L vs. IUSA.MI
M9SV.L (Market Access STOXX China A Minimum Variance UCITS ETF) and IUSA.MI (iShares Core S&P 500 UCITS ETF USD Dist) are both exchange-traded funds - M9SV.L is a China Equities fund tracking the MSCI China A Onshore NR CNY, while IUSA.MI is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, M9SV.L returned 4.99%/yr vs 13.95%/yr for IUSA.MI. At a 0.25 correlation, their price movements are largely independent. M9SV.L charges 0.45%/yr vs 0.07%/yr for IUSA.MI.
Performance
M9SV.L vs. IUSA.MI - Performance Comparison
Loading charts...
Different Trading Currencies
M9SV.L is traded in GBP, while IUSA.MI is traded in EUR. To make them comparable, the IUSA.MI values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, M9SV.L achieves a -2.26% return, which is significantly lower than IUSA.MI's 9.45% return.
M9SV.L
- 1D
- 0.42%
- 1M
- -1.41%
- YTD
- -2.26%
- 6M
- -1.08%
- 1Y
- 6.45%
- 3Y*
- 6.14%
- 5Y*
- 4.99%
- 10Y*
- —
IUSA.MI
- 1D
- 0.00%
- 1M
- -0.11%
- YTD
- 9.45%
- 6M
- 9.80%
- 1Y
- 26.28%
- 3Y*
- 19.06%
- 5Y*
- 13.95%
- 10Y*
- 15.50%
M9SV.L vs. IUSA.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
M9SV.L Market Access STOXX China A Minimum Variance UCITS ETF | -2.26% | 0.90% | 30.30% | 0.87% | -6.40% | 7.53% | 22.73% | 5.67% | -5.57% |
IUSA.MI iShares Core S&P 500 UCITS ETF USD Dist | 9.45% | 9.73% | 27.84% | 19.84% | -10.03% | 30.99% | 13.59% | 27.36% | -9.19% |
Correlation
The correlation between M9SV.L and IUSA.MI is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2018 | 0.25 |
The correlation between M9SV.L and IUSA.MI shifts across timeframes, from 0.10 (3 years) to 0.25 (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
M9SV.L vs. IUSA.MI — Risk / Return Rank
M9SV.L
IUSA.MI
M9SV.L vs. IUSA.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Market Access STOXX China A Minimum Variance UCITS ETF (M9SV.L) and iShares Core S&P 500 UCITS ETF USD Dist (IUSA.MI). 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.
| M9SV.L | IUSA.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.42 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 3.73 | -3.01 |
| Martin ratioReturn relative to average drawdown | 1.88 | 13.17 | -11.29 |
Loading charts...
Drawdowns
M9SV.L vs. IUSA.MI - Drawdown Comparison
The maximum M9SV.L drawdown since its inception was -21.64%, smaller than the maximum IUSA.MI drawdown of -36.55%. Use the drawdown chart below to compare losses from any high point for M9SV.L and IUSA.MI.
Loading charts...
Drawdown Indicators
| M9SV.L | IUSA.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -36.55% | +14.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.71% | -7.11% | -1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -21.64% | -21.96% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -21.64% | -21.96% | +0.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.23% | — |
Current DrawdownCurrent decline from peak | -12.24% | -1.45% | -10.79% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -5.01% | -2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 2.00% | +1.35% |
Volatility
M9SV.L vs. IUSA.MI - Volatility Comparison
The current volatility for Market Access STOXX China A Minimum Variance UCITS ETF (M9SV.L) is 2.30%, while iShares Core S&P 500 UCITS ETF USD Dist (IUSA.MI) has a volatility of 3.62%. This indicates that M9SV.L experiences smaller price fluctuations and is considered to be less risky than IUSA.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| M9SV.L | IUSA.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 3.62% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 8.05% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.23% | 11.44% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 14.87% | +5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.43% | 15.92% | +4.51% |
M9SV.L vs. IUSA.MI - Expense Ratio Comparison
M9SV.L has a 0.45% expense ratio, which is higher than IUSA.MI's 0.07% expense ratio.
Dividends
M9SV.L vs. IUSA.MI - Dividend Comparison
M9SV.L has not paid dividends to shareholders, while IUSA.MI's dividend yield for the trailing twelve months is around 0.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSA.MI iShares Core S&P 500 UCITS ETF USD Dist | 0.87% | 0.94% | 0.99% | 1.26% | 1.47% | 0.99% | 1.40% | 1.49% | 1.71% | 1.52% | 1.38% | 1.52% |
M9SV.L Market Access STOXX China A Minimum Variance 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
M9SV.L and IUSA.MI have a correlation of 0.17, 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 0.45% for M9SV.L.
M9SV.L is categorized as China Equities, while IUSA.MI is S&P 500. M9SV.L tracks MSCI China A Onshore NR CNY, while IUSA.MI tracks S&P 500 Index. They also come from different issuers: China Post Global and iShares. Their fees differ too: 0.45% for M9SV.L and 0.07% for IUSA.MI.
Find the right allocation for M9SV.L and IUSA.MI
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