SAEU.L vs. GPSA.L

Last updated Jun 5, 2026

SAEU.L (iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)) and GPSA.L (iShares MSCI USA ESG Screened UCITS ETF USD (Acc)) are both exchange-traded funds - SAEU.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while GPSA.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, SAEU.L returned 9.78%/yr vs 15.27%/yr for GPSA.L. A 0.65 correlation means they provide meaningful diversification when combined. SAEU.L charges 0.12%/yr vs 0.07%/yr for GPSA.L.

Performance

SAEU.L vs. GPSA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.L) and iShares MSCI USA ESG Screened UCITS ETF USD (Acc) (GPSA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAEU.L achieves a 6.49% return, which is significantly lower than GPSA.L's 10.42% return.

SAEU.L

• 1D: 0.70%
• 1M: 4.09%
• YTD: 6.49%
• 6M: 8.72%
• 1Y: 18.84%
• 3Y*: 13.90%
• 5Y*: 9.78%
• 10Y*: —

GPSA.L

• 1D: 0.14%
• 1M: 6.17%
• YTD: 10.42%
• 6M: 10.23%
• 1Y: 29.82%
• 3Y*: 20.13%
• 5Y*: 15.27%
• 10Y*: —

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

SAEU.L vs. GPSA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SAEU.L iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)	6.49%	24.54%	4.11%	15.10%	-5.84%	16.79%	4.11%	1.91%
GPSA.L iShares MSCI USA ESG Screened UCITS ETF USD (Acc)	10.42%	9.72%	28.95%	23.60%	-11.94%	29.93%	17.87%	1.19%

Correlation

The correlation between SAEU.L and GPSA.L is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019	0.65

The correlation between SAEU.L and GPSA.L shifts across timeframes, from 0.54 (3 years) to 0.65 (all time), reflecting how their relationship changes across market environments.

SAEU.L vs. GPSA.L - Sectors Allocation Comparison

Sectors	SAEU.L	GPSA.L
Financial Services	27.0%	11.7%
Industrials	19.3%	7.3%
Healthcare	14.8%	9.0%
Technology	9.9%	40.6%
Consumer Cyclical	5.9%	10.6%
Utilities	5.5%	1.2%
Basic Materials	5.1%	1.8%
Consumer Defensive	4.8%	2.5%
Communication Services	4.0%	11.7%
Energy	2.7%	1.7%
Real Estate	0.9%	2.0%

Return for Risk

SAEU.L vs. GPSA.L — Risk / Return Rank

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

SAEU.L

SAEU.L Risk / Return Rank: 41
SAEU.L Sharpe Ratio Rank: 43
SAEU.L Sortino Ratio Rank: 43
SAEU.L Omega Ratio Rank: 44
SAEU.L Calmar Ratio Rank: 35
SAEU.L Martin Ratio Rank: 39

GPSA.L

GPSA.L Risk / Return Rank: 75
GPSA.L Sharpe Ratio Rank: 81
GPSA.L Sortino Ratio Rank: 79
GPSA.L Omega Ratio Rank: 81
GPSA.L Calmar Ratio Rank: 68
GPSA.L Martin Ratio Rank: 64

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.

SAEU.L vs. GPSA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.L) and iShares MSCI USA ESG Screened UCITS ETF USD (Acc) (GPSA.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.

	SAEU.L	GPSA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.59	-1.10
Sortino ratio: Return per unit of downside risk	2.14	3.49	-1.36
Omega ratio: Gain probability vs. loss probability	1.28	1.48	-0.20
Calmar ratio: Return relative to maximum drawdown	1.69	3.32	-1.63
Martin ratio: Return relative to average drawdown	6.04	11.67	-5.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAEU.L vs. GPSA.L - Sharpe Ratio Comparison

The current SAEU.L Sharpe Ratio is 1.49, which is lower than the GPSA.L Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of SAEU.L and GPSA.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

	SAEU.L	GPSA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	2.59	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	1.01	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.96	-0.34

Drawdowns

SAEU.L vs. GPSA.L - Drawdown Comparison

The maximum SAEU.L drawdown since its inception was -28.68%, which is greater than GPSA.L's maximum drawdown of -23.14%. Use the drawdown chart below to compare losses from any high point for SAEU.L and GPSA.L.

Drawdown Indicators

	SAEU.L	GPSA.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.68%	-23.14%	-5.54%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-8.95%	-2.18%
Max Drawdown (3Y) Largest decline over 3 years	-12.84%	-22.33%	+9.49%
Max Drawdown (5Y) Largest decline over 5 years	-17.74%	-22.33%	+4.59%
Current Drawdown Current decline from peak	-1.11%	-0.19%	-0.92%
Average Drawdown Average peak-to-trough decline	-4.10%	-4.09%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	2.55%	+0.56%

Volatility

SAEU.L vs. GPSA.L - Volatility Comparison

iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.L) has a higher volatility of 4.21% compared to iShares MSCI USA ESG Screened UCITS ETF USD (Acc) (GPSA.L) at 2.87%. This indicates that SAEU.L's price experiences larger fluctuations and is considered to be riskier than GPSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAEU.L	GPSA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	2.87%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	10.55%	7.86%	+2.69%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	11.45%	+1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.24%	15.12%	-0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.74%	16.70%	+0.04%

SAEU.L vs. GPSA.L - Expense Ratio Comparison

SAEU.L has a 0.12% expense ratio, which is higher than GPSA.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

SAEU.L vs. GPSA.L - Dividend Comparison

Neither SAEU.L nor GPSA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SAEU.L and GPSA.L in my portfolio?

SAEU.L and GPSA.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SAEU.L or GPSA.L?

On fees, GPSA.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, SAEU.L or GPSA.L?

GPSA.L is cheaper with a 0.07% expense ratio, compared with 0.12% for SAEU.L.

What is the main difference between SAEU.L and GPSA.L?

SAEU.L is categorized as Europe Equities, while GPSA.L is Large Cap Blend Equities. SAEU.L tracks MSCI Europe NR EUR, while GPSA.L tracks Russell 1000 TR USD. Their fees differ too: 0.12% for SAEU.L and 0.07% for GPSA.L.