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MINV.L vs. SUSA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MINV.L vs. SUSA

Last updated Jun 5, 2026

MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) and SUSA (iShares MSCI USA ESG Select ETF) are both exchange-traded funds - MINV.L is a Global Equities fund tracking the MSCI ACWI NR USD, while SUSA is a Large Cap Growth Equities fund tracking the MSCI USA ESG Select Index. Both are passively managed. Over the past 10 years, MINV.L returned 7.86%/yr vs 15.89%/yr for SUSA. A 0.51 correlation means they provide meaningful diversification when combined. MINV.L charges 0.35%/yr vs 0.25%/yr for SUSA.

Performance

MINV.L vs. SUSA - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) and iShares MSCI USA ESG Select ETF (SUSA). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MINV.L is traded in GBp, while SUSA is traded in USD. To make them comparable, the SUSA values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, MINV.L achieves a 1.01% return, which is significantly lower than SUSA's 11.96% return. Over the past 10 years, MINV.L has underperformed SUSA with an annualized return of 7.86%, while SUSA has yielded a comparatively higher 15.89% annualized return.

MINV.L

1D
0.15%
1M
1.83%
YTD
1.01%
6M
0.93%
1Y
2.57%
3Y*
6.54%
5Y*
6.32%
10Y*
7.86%

SUSA

1D
0.36%
1M
6.21%
YTD
11.96%
6M
10.24%
1Y
28.04%
3Y*
18.14%
5Y*
13.15%
10Y*
15.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MINV.L vs. SUSA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MINV.L
iShares Edge MSCI World Minimum Volatility UCITS ETF		1.01%3.37%12.86%1.50%1.23%15.98%-1.05%18.84%3.17%7.00%
SUSA
iShares MSCI USA ESG Select ETF		11.96%7.48%24.57%17.69%-12.03%31.68%21.00%27.08%-0.07%11.93%

Correlation

The correlation between MINV.L and SUSA 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

0.28

Correlation (5Y)
Calculated over the trailing 5-year period

0.35

Correlation (10Y)
Calculated over the trailing 10-year period

0.48

Correlation (All Time)
Calculated using the full available price history since Dec 21, 2012

0.51

Over the past year, the correlation between MINV.L and SUSA has dropped to 0.17 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

MINV.L vs. SUSA - Sectors Allocation Comparison

Sectors
MINV.L
SUSA

Technology

21.3%
39.4%

Financial Services

14.2%
11.9%

Healthcare

13.6%
9.0%

Communication Services

11.9%
8.5%

Consumer Defensive

10.8%
3.5%

Industrials

9.1%
10.2%

Utilities

7.7%
1.3%

Consumer Cyclical

5.4%
6.9%

Energy

4.2%
3.9%

Basic Materials

1.0%
2.5%

Real Estate

0.7%
3.1%

Technology

MINV.L
21.3%
SUSA
39.4%

Financial Services

MINV.L
14.2%
SUSA
11.9%

Healthcare

MINV.L
13.6%
SUSA
9.0%

Communication Services

MINV.L
11.9%
SUSA
8.5%

Consumer Defensive

MINV.L
10.8%
SUSA
3.5%

Industrials

MINV.L
9.1%
SUSA
10.2%

Utilities

MINV.L
7.7%
SUSA
1.3%

Consumer Cyclical

MINV.L
5.4%
SUSA
6.9%

Energy

MINV.L
4.2%
SUSA
3.9%

Basic Materials

MINV.L
1.0%
SUSA
2.5%

Real Estate

MINV.L
0.7%
SUSA
3.1%

Compare stocks, funds, or ETFs

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iShares Edge MSCI World Minimum Volatility UCITS ETF

iShares MSCI USA ESG Select ETF

Often compared with MINV.L:
MINV.L vs. MVEW.LMINV.L vs. CSH2.LMINV.L vs. FULVXMINV.L vs. MVEA.LMINV.L vs. SPYMINV.L vs. VOOMINV.L vs. AOR
Often compared with SUSA:
SUSA vs. ESGUSUSA vs. ESGVSUSA vs. SUSLSUSA vs. SPYSUSA vs. VOOSUSA vs. IQSUSUSA vs. JEPI

Return for Risk

MINV.L vs. SUSA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MINV.L
MINV.L Risk / Return Rank: 1414
Overall Rank
MINV.L Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
MINV.L Sortino Ratio Rank: 1313
Sortino Ratio Rank
MINV.L Omega Ratio Rank: 1313
Omega Ratio Rank
MINV.L Calmar Ratio Rank: 1414
Calmar Ratio Rank
MINV.L Martin Ratio Rank: 1414
Martin Ratio Rank
SUSA
SUSA Risk / Return Rank: 6565
Overall Rank
SUSA Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
SUSA Sortino Ratio Rank: 6666
Sortino Ratio Rank
SUSA Omega Ratio Rank: 6666
Omega Ratio Rank
SUSA Calmar Ratio Rank: 5757
Calmar Ratio Rank
SUSA Martin Ratio Rank: 6767
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MINV.L vs. SUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) and iShares MSCI USA ESG Select ETF (SUSA). 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.

MINV.LSUSADifference
Sharpe ratioReturn per unit of total volatility
0.32
2.39

-2.06

Sortino ratioReturn per unit of downside risk
0.53
3.13

-2.60

Omega ratioGain probability vs. loss probability

1.06

1.44

-0.38

Calmar ratioReturn relative to maximum drawdown

0.41

3.44

-3.03

Martin ratioReturn relative to average drawdown

1.10

12.98

-11.88

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MINV.L vs. SUSA - Sharpe Ratio Comparison

The current MINV.L Sharpe Ratio is 0.32, which is lower than the SUSA Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of MINV.L and SUSA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

MINV.LSUSADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.32

2.39

-2.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.82

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.88

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.69

+0.14

Drawdowns

MINV.L vs. SUSA - Drawdown Comparison

The maximum MINV.L drawdown since its inception was -20.38%, smaller than the maximum SUSA drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for MINV.L and SUSA.

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Drawdown Indicators

MINV.LSUSADifference

Max Drawdown

Largest peak-to-trough decline

-20.38%

-32.78%

+12.40%

Max Drawdown (1Y)

Largest decline over 1 year

-6.31%

-8.19%

+1.88%

Max Drawdown (3Y)

Largest decline over 3 years

-8.47%

-22.41%

+13.94%

Max Drawdown (5Y)

Largest decline over 5 years

-10.23%

-22.41%

+12.18%

Max Drawdown (10Y)

Largest decline over 10 years

-20.38%

-24.90%

+4.52%

Current Drawdown

Current decline from peak

-3.60%

-0.16%

-3.44%

Average Drawdown

Average peak-to-trough decline

-3.74%

-5.12%

+1.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

2.17%

+0.16%

Volatility

MINV.L vs. SUSA - Volatility Comparison

The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) is 2.55%, while iShares MSCI USA ESG Select ETF (SUSA) has a volatility of 2.84%. This indicates that MINV.L experiences smaller price fluctuations and is considered to be less risky than SUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MINV.LSUSADifference

Volatility (1M)

Calculated over the trailing 1-month period

2.55%

2.84%

-0.29%

Volatility (6M)

Calculated over the trailing 6-month period

5.92%

8.72%

-2.80%

Volatility (1Y)

Calculated over the trailing 1-year period

7.92%

11.81%

-3.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.70%

16.10%

-6.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.85%

18.12%

-6.27%

MINV.L vs. SUSA - Expense Ratio Comparison

MINV.L has a 0.35% expense ratio, which is higher than SUSA's 0.25% expense ratio.

Dividends

MINV.L vs. SUSA - Dividend Comparison

MINV.L has not paid dividends to shareholders, while SUSA's dividend yield for the trailing twelve months is around 0.82%.

PositionTTM20252024202320222021202020192018201720162015
MINV.L
iShares Edge MSCI World Minimum Volatility 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%
SUSA
iShares MSCI USA ESG Select ETF		0.82%0.89%1.15%1.32%1.52%0.98%1.17%1.52%1.72%1.40%1.56%1.42%

Frequently Asked Questions

MINV.L and SUSA 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, SUSA is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SUSA is cheaper with a 0.25% expense ratio, compared with 0.35% for MINV.L.

MINV.L is categorized as Global Equities, while SUSA is Large Cap Growth Equities. MINV.L tracks MSCI ACWI NR USD, while SUSA tracks MSCI USA ESG Select Index. Their fees differ too: 0.35% for MINV.L and 0.25% for SUSA.

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