SNAW.DE vs. IUSE.L

Last updated Jun 5, 2026

SNAW.DE (iShares MSCI World ESG Screened UCITS ETF USD (Acc)) and IUSE.L (iShares S&P 500 EUR Hedged UCITS ETF Acc) are both exchange-traded funds - SNAW.DE is a Global Equities fund tracking the MSCI World ESG Screened, while IUSE.L is a S&P 500 fund tracking the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 5 years, SNAW.DE returned 13.25%/yr vs 11.10%/yr for IUSE.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

SNAW.DE vs. IUSE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI World ESG Screened UCITS ETF USD (Acc) (SNAW.DE) and iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNAW.DE achieves a 10.75% return, which is significantly higher than IUSE.L's 9.10% return.

SNAW.DE

• 1D: 0.02%
• 1M: 3.93%
• YTD: 10.75%
• 6M: 10.75%
• 1Y: 24.24%
• 3Y*: 18.23%
• 5Y*: 13.25%
• 10Y*: —

IUSE.L

• 1D: 0.01%
• 1M: 3.10%
• YTD: 9.10%
• 6M: 9.36%
• 1Y: 24.30%
• 3Y*: 19.47%
• 5Y*: 11.10%
• 10Y*: 12.48%

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

SNAW.DE vs. IUSE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SNAW.DE iShares MSCI World ESG Screened UCITS ETF USD (Acc)	10.75%	7.91%	27.45%	22.43%	-15.24%	33.21%	6.88%	31.54%	-19.97%
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc	9.10%	14.95%	23.20%	23.05%	-21.17%	27.85%	14.81%	26.33%	-10.14%

Correlation

The correlation between SNAW.DE and IUSE.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Oct 22, 2018	0.85

The correlation between SNAW.DE and IUSE.L has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

Return for Risk

SNAW.DE vs. IUSE.L — Risk / Return Rank

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

SNAW.DE

SNAW.DE Risk / Return Rank: 64
SNAW.DE Sharpe Ratio Rank: 63
SNAW.DE Sortino Ratio Rank: 63
SNAW.DE Omega Ratio Rank: 64
SNAW.DE Calmar Ratio Rank: 65
SNAW.DE Martin Ratio Rank: 68

IUSE.L

IUSE.L Risk / Return Rank: 65
IUSE.L Sharpe Ratio Rank: 65
IUSE.L Sortino Ratio Rank: 69
IUSE.L Omega Ratio Rank: 65
IUSE.L Calmar Ratio Rank: 58
IUSE.L Martin Ratio Rank: 67

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.

SNAW.DE vs. IUSE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Screened UCITS ETF USD (Acc) (SNAW.DE) and iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.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.

	SNAW.DE	IUSE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.12	-0.07
Sortino ratio: Return per unit of downside risk	2.88	3.10	-0.22
Omega ratio: Gain probability vs. loss probability	1.38	1.38	0.00
Calmar ratio: Return relative to maximum drawdown	3.15	2.83	+0.32
Martin ratio: Return relative to average drawdown	12.49	12.09	+0.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNAW.DE vs. IUSE.L - Sharpe Ratio Comparison

The current SNAW.DE Sharpe Ratio is 2.05, which is comparable to the IUSE.L Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of SNAW.DE and IUSE.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

	SNAW.DE	IUSE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.12	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.69	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.79	-0.09

Drawdowns

SNAW.DE vs. IUSE.L - Drawdown Comparison

The maximum SNAW.DE drawdown since its inception was -33.26%, roughly equal to the maximum IUSE.L drawdown of -34.75%. Use the drawdown chart below to compare losses from any high point for SNAW.DE and IUSE.L.

Drawdown Indicators

	SNAW.DE	IUSE.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.26%	-34.75%	+1.49%
Max Drawdown (1Y) Largest decline over 1 year	-7.69%	-8.67%	+0.98%
Max Drawdown (3Y) Largest decline over 3 years	-22.37%	-18.33%	-4.04%
Max Drawdown (5Y) Largest decline over 5 years	-22.37%	-26.23%	+3.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.75%	—
Current Drawdown Current decline from peak	-0.36%	-0.55%	+0.19%
Average Drawdown Average peak-to-trough decline	-5.44%	-4.31%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	2.03%	-0.08%

Volatility

SNAW.DE vs. IUSE.L - Volatility Comparison

The current volatility for iShares MSCI World ESG Screened UCITS ETF USD (Acc) (SNAW.DE) is 2.85%, while iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) has a volatility of 3.24%. This indicates that SNAW.DE experiences smaller price fluctuations and is considered to be less risky than IUSE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNAW.DE	IUSE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.85%	3.24%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	8.53%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	11.81%	11.58%	+0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.57%	16.00%	-1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	16.33%	+0.83%

SNAW.DE vs. IUSE.L - Expense Ratio Comparison

Both SNAW.DE and IUSE.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SNAW.DE vs. IUSE.L - Dividend Comparison

Neither SNAW.DE nor IUSE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SNAW.DE and IUSE.L in my portfolio?

SNAW.DE and IUSE.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNAW.DE or IUSE.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SNAW.DE or IUSE.L?

SNAW.DE and IUSE.L have the same expense ratio: 0.20% per year.

What is the main difference between SNAW.DE and IUSE.L?

SNAW.DE is categorized as Global Equities, while IUSE.L is S&P 500. SNAW.DE tracks MSCI World ESG Screened, while IUSE.L tracks S&P 500 EUR Hedged Index.