SP20.AS vs. XUSE.AS
Compare and contrast key facts about iShares S&P 500 Top 20 UCITS ETF USD Acc (SP20.AS) and iShares MSCI World ex-USA UCITS ETF (XUSE.AS).
SP20.AS and XUSE.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SP20.AS is a passively managed fund by iShares that tracks the performance of the S&P 500 Top 20 Select 35/20 Capped Index. It was launched on Nov 12, 2024. XUSE.AS is a passively managed fund by iShares that tracks the performance of the MSCI World ex USA Index. It was launched on Jan 24, 2025. Both SP20.AS and XUSE.AS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SP20.AS vs. XUSE.AS - Performance Comparison
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SP20.AS vs. XUSE.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SP20.AS iShares S&P 500 Top 20 UCITS ETF USD Acc | -8.37% | 20.40% |
XUSE.AS iShares MSCI World ex-USA UCITS ETF | 3.86% | 11.20% |
Different Trading Currencies
SP20.AS is traded in EUR, while XUSE.AS is traded in USD. To make them comparable, the XUSE.AS values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SP20.AS achieves a -8.37% return, which is significantly lower than XUSE.AS's 3.86% return.
SP20.AS
- 1D
- 2.84%
- 1M
- -3.30%
- YTD
- -8.37%
- 6M
- -4.79%
- 1Y
- 22.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XUSE.AS
- 1D
- 3.58%
- 1M
- -2.93%
- YTD
- 3.86%
- 6M
- 9.12%
- 1Y
- 17.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SP20.AS vs. XUSE.AS - Expense Ratio Comparison
SP20.AS has a 0.20% expense ratio, which is lower than XUSE.AS's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SP20.AS vs. XUSE.AS — Risk / Return Rank
SP20.AS
XUSE.AS
SP20.AS vs. XUSE.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Top 20 UCITS ETF USD Acc (SP20.AS) and iShares MSCI World ex-USA UCITS ETF (XUSE.AS). 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.
| SP20.AS | XUSE.AS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 1.19 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.77 | 1.63 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.31 | -0.74 |
Martin ratioReturn relative to average drawdown | 10.05 | 13.76 | -3.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SP20.AS | XUSE.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.19 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.86 | -0.30 |
Correlation
The correlation between SP20.AS and XUSE.AS is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SP20.AS vs. XUSE.AS - Dividend Comparison
Neither SP20.AS nor XUSE.AS has paid dividends to shareholders.
Drawdowns
SP20.AS vs. XUSE.AS - Drawdown Comparison
The maximum SP20.AS drawdown since its inception was -23.48%, which is greater than XUSE.AS's maximum drawdown of -15.66%. Use the drawdown chart below to compare losses from any high point for SP20.AS and XUSE.AS.
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Drawdown Indicators
| SP20.AS | XUSE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.48% | -12.97% | -10.51% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -10.54% | -2.82% |
Current DrawdownCurrent decline from peak | -9.76% | -6.24% | -3.52% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -1.59% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 2.62% | +0.79% |
Volatility
SP20.AS vs. XUSE.AS - Volatility Comparison
The current volatility for iShares S&P 500 Top 20 UCITS ETF USD Acc (SP20.AS) is 5.55%, while iShares MSCI World ex-USA UCITS ETF (XUSE.AS) has a volatility of 6.93%. This indicates that SP20.AS experiences smaller price fluctuations and is considered to be less risky than XUSE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SP20.AS | XUSE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 6.93% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 11.17% | 10.04% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 14.88% | +4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.49% | 15.06% | +4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.49% | 15.06% | +4.43% |