S5EE.L vs. IUSA.L

Last updated Jun 5, 2026

S5EE.L (UBS S&P 500 ESG Elite UCITS ETF USD acc) and IUSA.L (iShares S&P 500 UCITS Dist) are both S&P 500 funds - S5EE.L tracks the S&P 500 Elite ESG Index USD while IUSA.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, S5EE.L returned 15.95%/yr vs 15.33%/yr for IUSA.L. Their correlation of 0.94 suggests significant overlap in exposure. S5EE.L charges 0.15%/yr vs 0.07%/yr for IUSA.L.

Performance

S5EE.L vs. IUSA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS S&P 500 ESG Elite UCITS ETF USD acc (S5EE.L) and iShares S&P 500 UCITS Dist (IUSA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, S5EE.L achieves a 20.24% return, which is significantly higher than IUSA.L's 10.67% return.

S5EE.L

• 1D: -0.09%
• 1M: 11.63%
• YTD: 20.24%
• 6M: 22.26%
• 1Y: 43.29%
• 3Y*: 21.33%
• 5Y*: 15.95%
• 10Y*: —

IUSA.L

• 1D: 0.04%
• 1M: 4.50%
• YTD: 10.67%
• 6M: 10.05%
• 1Y: 29.42%
• 3Y*: 19.42%
• 5Y*: 15.33%
• 10Y*: 16.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

S5EE.L vs. IUSA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
S5EE.L UBS S&P 500 ESG Elite UCITS ETF USD acc	20.24%	11.67%	20.01%	22.12%	-9.72%	28.03%
IUSA.L iShares S&P 500 UCITS Dist	10.67%	9.70%	27.73%	20.24%	-8.72%	26.95%

Correlation

The correlation between S5EE.L and IUSA.L is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 15, 2021	0.94

The correlation between S5EE.L and IUSA.L has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.

S5EE.L vs. IUSA.L - Sectors Allocation Comparison

Sectors	S5EE.L	IUSA.L
Technology	48.5%	38.2%
Financial Services	16.0%	11.1%
Healthcare	11.3%	8.3%
Industrials	9.0%	7.9%
Consumer Cyclical	4.5%	10.0%
Consumer Defensive	3.1%	4.7%
Real Estate	2.7%	1.9%
Communication Services	2.7%	10.9%
Basic Materials	2.3%	1.7%
Energy	-	3.2%
Utilities	-	2.2%

Return for Risk

S5EE.L vs. IUSA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

S5EE.L

S5EE.L Risk / Return Rank: 92
S5EE.L Sharpe Ratio Rank: 94
S5EE.L Sortino Ratio Rank: 94
S5EE.L Omega Ratio Rank: 94
S5EE.L Calmar Ratio Rank: 88
S5EE.L Martin Ratio Rank: 88

IUSA.L

IUSA.L Risk / Return Rank: 84
IUSA.L Sharpe Ratio Rank: 86
IUSA.L Sortino Ratio Rank: 85
IUSA.L Omega Ratio Rank: 86
IUSA.L Calmar Ratio Rank: 81
IUSA.L Martin Ratio Rank: 80

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.

S5EE.L vs. IUSA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS S&P 500 ESG Elite UCITS ETF USD acc (S5EE.L) and iShares S&P 500 UCITS Dist (IUSA.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.

	S5EE.L	IUSA.L	Difference
Sharpe ratio: Return per unit of total volatility	3.65	2.82	+0.83
Sortino ratio: Return per unit of downside risk	4.93	3.78	+1.15
Omega ratio: Gain probability vs. loss probability	1.65	1.53	+0.13
Calmar ratio: Return relative to maximum drawdown	5.00	4.20	+0.81
Martin ratio: Return relative to average drawdown	18.76	15.53	+3.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

S5EE.L vs. IUSA.L - Sharpe Ratio Comparison

The current S5EE.L Sharpe Ratio is 3.65, which is comparable to the IUSA.L Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of S5EE.L and IUSA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	S5EE.L	IUSA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.65	2.82	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	1.07	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.58	+0.58

Drawdowns

S5EE.L vs. IUSA.L - Drawdown Comparison

The maximum S5EE.L drawdown since its inception was -20.25%, smaller than the maximum IUSA.L drawdown of -38.58%. Use the drawdown chart below to compare losses from any high point for S5EE.L and IUSA.L.

Drawdown Indicators

	S5EE.L	IUSA.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.25%	-38.58%	+18.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-7.01%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-20.25%	-21.08%	+0.83%
Max Drawdown (5Y) Largest decline over 5 years	-20.25%	-21.08%	+0.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.42%	—
Current Drawdown Current decline from peak	-0.09%	-0.22%	+0.13%
Average Drawdown Average peak-to-trough decline	-3.79%	-7.29%	+3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	1.90%	+0.40%

Volatility

S5EE.L vs. IUSA.L - Volatility Comparison

UBS S&P 500 ESG Elite UCITS ETF USD acc (S5EE.L) has a higher volatility of 3.63% compared to iShares S&P 500 UCITS Dist (IUSA.L) at 2.62%. This indicates that S5EE.L's price experiences larger fluctuations and is considered to be riskier than IUSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	S5EE.L	IUSA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	2.62%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	8.78%	7.13%	+1.65%
Volatility (1Y) Calculated over the trailing 1-year period	11.81%	10.44%	+1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.75%	14.33%	+0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.63%	15.60%	-0.97%

S5EE.L vs. IUSA.L - Expense Ratio Comparison

S5EE.L has a 0.15% expense ratio, which is higher than IUSA.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

S5EE.L vs. IUSA.L - Dividend Comparison

S5EE.L has not paid dividends to shareholders, while IUSA.L's dividend yield for the trailing twelve months is around 1.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUSA.L iShares S&P 500 UCITS Dist	1.15%	1.24%	1.28%	1.55%	1.74%	1.39%	1.80%	1.96%	2.22%	1.95%	1.75%	2.29%
S5EE.L UBS S&P 500 ESG Elite UCITS ETF USD acc	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

Can I hold both S5EE.L and IUSA.L in my portfolio?

S5EE.L and IUSA.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, S5EE.L or IUSA.L?

On fees, IUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, S5EE.L or IUSA.L?

IUSA.L is cheaper with a 0.07% expense ratio, compared with 0.15% for S5EE.L.

What is the main difference between S5EE.L and IUSA.L?

S5EE.L tracks S&P 500 Elite ESG Index USD, while IUSA.L tracks S&P 500 Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.15% for S5EE.L and 0.07% for IUSA.L.