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SAUS.L vs. SPX5.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SAUS.L vs. SPX5.L

Last updated Jun 5, 2026

SAUS.L (iShares MSCI Australia UCITS ETF) and SPX5.L (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - SAUS.L is a Asia Pacific Equities fund tracking the MSCI Australia NR USD, while SPX5.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SAUS.L returned 9.11%/yr vs 16.17%/yr for SPX5.L. A 0.60 correlation means they provide meaningful diversification when combined. SAUS.L charges 0.50%/yr vs 0.09%/yr for SPX5.L.

Performance

SAUS.L vs. SPX5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Australia UCITS ETF (SAUS.L) and SPDR S&P 500 UCITS ETF (SPX5.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SAUS.L is traded in GBp, while SPX5.L is traded in GBP. To make them comparable, the SPX5.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with SAUS.L having a 10.24% return and SPX5.L slightly higher at 10.53%. Over the past 10 years, SAUS.L has underperformed SPX5.L with an annualized return of 9.11%, while SPX5.L has yielded a comparatively higher 16.17% annualized return.

SAUS.L

1D
-0.76%
1M
-2.38%
YTD
10.24%
6M
11.26%
1Y
14.59%
3Y*
9.70%
5Y*
6.61%
10Y*
9.11%

SPX5.L

1D
0.05%
1M
4.52%
YTD
10.53%
6M
9.89%
1Y
29.03%
3Y*
19.03%
5Y*
14.92%
10Y*
16.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SAUS.L vs. SPX5.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SAUS.L
iShares MSCI Australia UCITS ETF		10.24%6.23%3.26%7.65%5.74%9.68%5.72%17.21%-6.78%8.05%
SPX5.L
SPDR S&P 500 UCITS ETF		10.53%9.34%27.47%19.75%-9.01%30.96%13.52%26.74%-0.04%11.63%

Correlation

The correlation between SAUS.L and SPX5.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.57

Correlation (10Y)
Calculated over the trailing 10-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Mar 22, 2012

0.60

The correlation between SAUS.L and SPX5.L shifts across timeframes, from 0.47 (1 year) to 0.63 (10 years), reflecting how their relationship changes across market environments.

SAUS.L vs. SPX5.L - Sectors Allocation Comparison

Sectors
SAUS.L
SPX5.L

Financial Services

42.0%
11.8%

Basic Materials

25.6%
1.8%

Consumer Cyclical

6.4%
10.1%

Real Estate

5.2%
1.9%

Healthcare

4.3%
8.5%

Energy

4.2%
3.5%

Industrials

4.2%
8.3%

Consumer Defensive

3.6%
4.9%

Communication Services

1.9%
11.2%

Utilities

1.6%
2.3%

Technology

1.0%
35.6%

Financial Services

SAUS.L
42.0%
SPX5.L
11.8%

Basic Materials

SAUS.L
25.6%
SPX5.L
1.8%

Consumer Cyclical

SAUS.L
6.4%
SPX5.L
10.1%

Real Estate

SAUS.L
5.2%
SPX5.L
1.9%

Healthcare

SAUS.L
4.3%
SPX5.L
8.5%

Energy

SAUS.L
4.2%
SPX5.L
3.5%

Industrials

SAUS.L
4.2%
SPX5.L
8.3%

Consumer Defensive

SAUS.L
3.6%
SPX5.L
4.9%

Communication Services

SAUS.L
1.9%
SPX5.L
11.2%

Utilities

SAUS.L
1.6%
SPX5.L
2.3%

Technology

SAUS.L
1.0%
SPX5.L
35.6%

Compare stocks, funds, or ETFs

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iShares MSCI Australia UCITS ETF

SPDR S&P 500 UCITS ETF

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Often compared with SPX5.L:
SPX5.L vs. SPYSPX5.L vs. SPXP.LSPX5.L vs. VUSA.DESPX5.L vs. VUSA.LSPX5.L vs. VOOSPX5.L vs. IUSA.LSPX5.L vs. EQQQ.L

Return for Risk

SAUS.L vs. SPX5.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SAUS.L
SAUS.L Risk / Return Rank: 3434
Overall Rank
SAUS.L Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
SAUS.L Sortino Ratio Rank: 3535
Sortino Ratio Rank
SAUS.L Omega Ratio Rank: 3232
Omega Ratio Rank
SAUS.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
SAUS.L Martin Ratio Rank: 3232
Martin Ratio Rank
SPX5.L
SPX5.L Risk / Return Rank: 8383
Overall Rank
SPX5.L Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
SPX5.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
SPX5.L Omega Ratio Rank: 8686
Omega Ratio Rank
SPX5.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
SPX5.L Martin Ratio Rank: 7979
Martin Ratio Rank
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.

SAUS.L vs. SPX5.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF (SAUS.L) and SPDR S&P 500 UCITS ETF (SPX5.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.

SAUS.LSPX5.LDifference
Sharpe ratioReturn per unit of total volatility
1.18
2.76

-1.58

Sortino ratioReturn per unit of downside risk
1.80
3.71

-1.90

Omega ratioGain probability vs. loss probability

1.21

1.52

-0.31

Calmar ratioReturn relative to maximum drawdown

1.76

4.10

-2.34

Martin ratioReturn relative to average drawdown

4.76

15.08

-10.32

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAUS.L vs. SPX5.L - Sharpe Ratio Comparison

The current SAUS.L Sharpe Ratio is 1.18, which is lower than the SPX5.L Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of SAUS.L and SPX5.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.

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Sharpe Ratios by Period

SAUS.LSPX5.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.18

2.76

-1.58

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

1.05

-0.63

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

1.04

-0.54

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

1.04

-0.65

Drawdowns

SAUS.L vs. SPX5.L - Drawdown Comparison

The maximum SAUS.L drawdown since its inception was -38.14%, which is greater than SPX5.L's maximum drawdown of -25.45%. Use the drawdown chart below to compare losses from any high point for SAUS.L and SPX5.L.

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Drawdown Indicators

SAUS.LSPX5.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.14%

-25.45%

-12.69%

Max Drawdown (1Y)

Largest decline over 1 year

-8.49%

-7.07%

-1.42%

Max Drawdown (3Y)

Largest decline over 3 years

-21.11%

-20.90%

-0.21%

Max Drawdown (5Y)

Largest decline over 5 years

-21.11%

-20.90%

-0.21%

Max Drawdown (10Y)

Largest decline over 10 years

-38.14%

-25.45%

-12.69%

Current Drawdown

Current decline from peak

-3.58%

-0.22%

-3.36%

Average Drawdown

Average peak-to-trough decline

-7.77%

-3.18%

-4.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.16%

1.93%

+1.23%

Volatility

SAUS.L vs. SPX5.L - Volatility Comparison

iShares MSCI Australia UCITS ETF (SAUS.L) has a higher volatility of 4.46% compared to SPDR S&P 500 UCITS ETF (SPX5.L) at 2.67%. This indicates that SAUS.L's price experiences larger fluctuations and is considered to be riskier than SPX5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SAUS.LSPX5.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.46%

2.67%

+1.79%

Volatility (6M)

Calculated over the trailing 6-month period

10.14%

7.16%

+2.98%

Volatility (1Y)

Calculated over the trailing 1-year period

12.72%

10.50%

+2.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.80%

14.22%

+1.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.11%

15.52%

+3.59%

SAUS.L vs. SPX5.L - Expense Ratio Comparison

SAUS.L has a 0.50% expense ratio, which is higher than SPX5.L's 0.09% expense ratio.

Dividends

SAUS.L vs. SPX5.L - Dividend Comparison

SAUS.L has not paid dividends to shareholders, while SPX5.L's dividend yield for the trailing twelve months is around 0.89%.

PositionTTM20252024202320222021202020192018201720162015
SAUS.L
iShares MSCI Australia UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPX5.L
SPDR S&P 500 UCITS ETF		0.89%0.98%1.04%1.21%1.39%0.98%1.40%1.76%1.71%2.36%1.49%1.68%

Frequently Asked Questions

SAUS.L and SPX5.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPX5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPX5.L is cheaper with a 0.09% expense ratio, compared with 0.50% for SAUS.L.

SAUS.L is categorized as Asia Pacific Equities, while SPX5.L is S&P 500. SAUS.L tracks MSCI Australia NR USD, while SPX5.L tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.50% for SAUS.L and 0.09% for SPX5.L.

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