SASU.L vs. MXUS.L
SASU.L (iShares MSCI USA Screened UCITS ETF USD (Acc)) and MXUS.L (Invesco MSCI USA UCITS ETF) are both Large Cap Blend Equities funds - SASU.L tracks the MSCI USA Screened Index while MXUS.L tracks the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, SASU.L returned 12.84%/yr vs 12.53%/yr for MXUS.L. With a 0.98 correlation, they move nearly in lockstep. SASU.L charges 0.07%/yr vs 0.05%/yr for MXUS.L.
Performance
SASU.L vs. MXUS.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 MXUS.L's 9.10% 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*
- —
MXUS.L
- 1D
- -1.12%
- 1M
- -0.29%
- 6M
- 8.09%
- YTD
- 9.10%
- 1Y
- 19.92%
- 3Y*
- 19.62%
- 5Y*
- 12.53%
- 10Y*
- 14.91%
SASU.L vs. MXUS.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% |
MXUS.L Invesco MSCI USA UCITS ETF | 9.10% | 17.34% | 25.58% | 27.83% | -20.03% | 27.90% | 20.98% | 31.00% | -9.69% |
Correlation
The correlation between SASU.L and MXUS.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.98 |
The correlation between SASU.L and MXUS.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
SASU.L vs. MXUS.L — Risk / Return Rank
SASU.L
MXUS.L
SASU.L vs. MXUS.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 Invesco MSCI USA UCITS ETF (MXUS.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 | MXUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.37 | -0.29 |
| Martin ratioReturn relative to average drawdown | 8.30 | 9.49 | -1.19 |
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Drawdowns
SASU.L vs. MXUS.L - Drawdown Comparison
The maximum SASU.L drawdown since its inception was -34.07%, roughly equal to the maximum MXUS.L drawdown of -34.38%. Use the drawdown chart below to compare losses from any high point for SASU.L and MXUS.L.
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Drawdown Indicators
| SASU.L | MXUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.07% | -34.38% | +0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -8.35% | -1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -18.78% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.24% | -25.25% | -0.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.38% | — |
Current DrawdownCurrent decline from peak | -2.08% | -1.54% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -3.91% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.09% | +0.31% |
Volatility
SASU.L vs. MXUS.L - Volatility Comparison
iShares MSCI USA Screened UCITS ETF USD (Acc) (SASU.L) has a higher volatility of 3.34% compared to Invesco MSCI USA UCITS ETF (MXUS.L) at 3.01%. This indicates that SASU.L's price experiences larger fluctuations and is considered to be riskier than MXUS.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 | MXUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 3.01% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.18% | 9.35% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 12.13% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 16.26% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 16.28% | +2.11% |
SASU.L vs. MXUS.L - Expense Ratio Comparison
SASU.L has a 0.07% expense ratio, which is higher than MXUS.L's 0.05% 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
SASU.L vs. MXUS.L - Dividend Comparison
Neither SASU.L nor MXUS.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, SASU.L and MXUS.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, MXUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MXUS.L is cheaper with a 0.05% expense ratio, compared with 0.07% for SASU.L.
SASU.L tracks MSCI USA Screened Index, while MXUS.L tracks Russell 1000 TR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for SASU.L and 0.05% for MXUS.L.
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