SASU.L vs. DH2O.L
SASU.L (iShares MSCI USA Screened UCITS ETF USD (Acc)) and DH2O.L (iShares Global Water UCITS ETF USD (Dist)) are both exchange-traded funds - SASU.L is a Large Cap Blend Equities fund tracking the MSCI USA Screened Index, while DH2O.L is a Global Equities fund tracking the S&P Global Water Index (NET) (USD). Both are passively managed. Over the past 5 years, SASU.L returned 12.84%/yr vs 5.15%/yr for DH2O.L. A 0.72 correlation means they provide meaningful diversification when combined. SASU.L charges 0.07%/yr vs 0.65%/yr for DH2O.L.
Performance
SASU.L vs. DH2O.L - Performance Comparison
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Returns By Period
In the year-to-date period, SASU.L achieves a 8.44% return, which is significantly higher than DH2O.L's 4.37% return.
SASU.L
- 1D
- -1.40%
- 1M
- -0.64%
- 6M
- 7.91%
- YTD
- 8.44%
- 1Y
- 19.98%
- 3Y*
- 20.13%
- 5Y*
- 12.84%
- 10Y*
- —
DH2O.L
- 1D
- 0.08%
- 1M
- 4.00%
- 6M
- 1.18%
- YTD
- 4.37%
- 1Y
- 7.63%
- 3Y*
- 9.31%
- 5Y*
- 5.15%
- 10Y*
- 9.79%
SASU.L vs. DH2O.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SASU.L iShares MSCI USA Screened UCITS ETF USD (Acc) | 8.44% | 17.83% | 26.90% | 30.69% | -21.34% | 28.26% | 22.00% | 31.02% | -8.81% |
DH2O.L iShares Global Water UCITS ETF USD (Dist) | 4.37% | 17.60% | 4.29% | 13.57% | -20.83% | 30.67% | 15.22% | 33.60% | -4.46% |
Correlation
The correlation between SASU.L and DH2O.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.72 |
Over the past year, the correlation between SASU.L and DH2O.L has dropped to 0.45 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
SASU.L vs. DH2O.L — Risk / Return Rank
SASU.L
DH2O.L
SASU.L vs. DH2O.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Screened UCITS ETF USD (Acc) (SASU.L) and iShares Global Water UCITS ETF USD (Dist) (DH2O.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.
| SASU.L | DH2O.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.10 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 0.72 | +1.37 |
| Martin ratioReturn relative to average drawdown | 8.30 | 1.66 | +6.64 |
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Drawdowns
SASU.L vs. DH2O.L - Drawdown Comparison
The maximum SASU.L drawdown since its inception was -34.07%, smaller than the maximum DH2O.L drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for SASU.L and DH2O.L.
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Drawdown Indicators
| SASU.L | DH2O.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.07% | -56.90% | +22.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -10.53% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -16.08% | -3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -26.24% | -32.43% | +6.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.56% | — |
Current DrawdownCurrent decline from peak | -2.08% | -3.63% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -10.39% | +4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 4.58% | -2.18% |
Volatility
SASU.L vs. DH2O.L - Volatility Comparison
The current volatility for iShares MSCI USA Screened UCITS ETF USD (Acc) (SASU.L) is 3.34%, while iShares Global Water UCITS ETF USD (Dist) (DH2O.L) has a volatility of 4.28%. This indicates that SASU.L experiences smaller price fluctuations and is considered to be less risky than DH2O.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SASU.L | DH2O.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 4.28% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 10.90% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 13.64% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 16.75% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 16.48% | +1.91% |
SASU.L vs. DH2O.L - Expense Ratio Comparison
SASU.L has a 0.07% expense ratio, which is lower than DH2O.L's 0.65% expense ratio.
Dividends
SASU.L vs. DH2O.L - Dividend Comparison
SASU.L has not paid dividends to shareholders, while DH2O.L's dividend yield for the trailing twelve months is around 1.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DH2O.L iShares Global Water UCITS ETF USD (Dist) | 1.34% | 1.33% | 1.06% | 1.18% | 1.09% | 1.66% | 0.94% | 1.39% | 1.80% | 1.46% | 1.76% | 1.65% |
SASU.L iShares MSCI USA Screened 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
SASU.L and DH2O.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SASU.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SASU.L is cheaper with a 0.07% expense ratio, compared with 0.65% for DH2O.L.
SASU.L is categorized as Large Cap Blend Equities, while DH2O.L is Global Equities. SASU.L tracks MSCI USA Screened Index, while DH2O.L tracks S&P Global Water Index (NET) (USD). Their fees differ too: 0.07% for SASU.L and 0.65% for DH2O.L.
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