SASU.L vs. FEXU.L
SASU.L (iShares MSCI USA Screened UCITS ETF USD (Acc)) and FEXU.L (First Trust US Large Cap Core AlphaDEX UCITS ETF) are both Large Cap Blend Equities funds - SASU.L tracks the MSCI USA Screened Index while FEXU.L tracks the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, SASU.L returned 12.84%/yr vs 10.82%/yr for FEXU.L. Their correlation of 0.87 suggests significant overlap in exposure. SASU.L charges 0.07%/yr vs 0.75%/yr for FEXU.L.
Performance
SASU.L vs. FEXU.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 lower than FEXU.L's 13.76% 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*
- —
FEXU.L
- 1D
- -0.33%
- 1M
- -2.33%
- 6M
- 10.08%
- YTD
- 13.76%
- 1Y
- 23.12%
- 3Y*
- 17.16%
- 5Y*
- 10.82%
- 10Y*
- 12.35%
SASU.L vs. FEXU.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% |
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF | 13.76% | 15.23% | 16.68% | 14.66% | -12.27% | 26.82% | 13.52% | 26.07% | -11.30% |
Correlation
The correlation between SASU.L and FEXU.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.87 |
The correlation between SASU.L and FEXU.L shifts across timeframes, from 0.77 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SASU.L vs. FEXU.L — Risk / Return Rank
SASU.L
FEXU.L
SASU.L vs. FEXU.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 First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.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 | FEXU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 4.14 | -2.05 |
| Martin ratioReturn relative to average drawdown | 8.30 | 13.36 | -5.06 |
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Drawdowns
SASU.L vs. FEXU.L - Drawdown Comparison
The maximum SASU.L drawdown since its inception was -34.07%, smaller than the maximum FEXU.L drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for SASU.L and FEXU.L.
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Drawdown Indicators
| SASU.L | FEXU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.07% | -39.38% | +5.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -5.56% | -3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -20.15% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -26.24% | -20.80% | -5.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.38% | — |
Current DrawdownCurrent decline from peak | -2.08% | -2.92% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -4.37% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 1.73% | +0.67% |
Volatility
SASU.L vs. FEXU.L - Volatility Comparison
The current volatility for iShares MSCI USA Screened UCITS ETF USD (Acc) (SASU.L) is 3.34%, while First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) has a volatility of 3.93%. This indicates that SASU.L experiences smaller price fluctuations and is considered to be less risky than FEXU.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 | FEXU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 3.93% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 9.42% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 12.50% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 16.34% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 17.31% | +1.08% |
SASU.L vs. FEXU.L - Expense Ratio Comparison
SASU.L has a 0.07% expense ratio, which is lower than FEXU.L's 0.75% expense ratio.
Dividends
SASU.L vs. FEXU.L - Dividend Comparison
Neither SASU.L nor FEXU.L has paid dividends to shareholders.
Frequently Asked Questions
SASU.L and FEXU.L have a correlation of 0.77, 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 0.75% for FEXU.L.
SASU.L tracks MSCI USA Screened Index, while FEXU.L tracks Russell 1000 TR USD. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.07% for SASU.L and 0.75% for FEXU.L.
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