SRSA.L vs. G500.L
SRSA.L (iShares MSCI South Africa UCITS ETF USD (Acc)) and G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) are both Global Equities funds - SRSA.L tracks the iShares MSCI South Africa UCITS ETF USD (Acc) while G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg). Both are passively managed. Over the past 5 years, SRSA.L returned 11.36%/yr vs 12.15%/yr for G500.L. At a 0.45 correlation, their price movements are largely independent. SRSA.L charges 0.65%/yr vs 0.05%/yr for G500.L.
Performance
SRSA.L vs. G500.L - Performance Comparison
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Returns By Period
In the year-to-date period, SRSA.L achieves a -4.79% return, which is significantly lower than G500.L's 9.90% return.
SRSA.L
- 1D
- 1.37%
- 1M
- -5.51%
- 6M
- -10.99%
- YTD
- -4.79%
- 1Y
- 31.31%
- 3Y*
- 20.62%
- 5Y*
- 11.36%
- 10Y*
- 6.41%
G500.L
- 1D
- -0.05%
- 1M
- -0.03%
- 6M
- 9.49%
- YTD
- 9.90%
- 1Y
- 21.08%
- 3Y*
- 19.63%
- 5Y*
- 12.15%
- 10Y*
- —
SRSA.L vs. G500.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SRSA.L iShares MSCI South Africa UCITS ETF USD (Acc) | -4.79% | 65.31% | 9.25% | -5.19% | 7.61% | 5.31% | 14.41% |
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 9.90% | 17.45% | 24.98% | 24.88% | -19.98% | 28.95% | 20.65% |
Correlation
The correlation between SRSA.L and G500.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.45 |
The correlation between SRSA.L and G500.L has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
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Return for Risk
SRSA.L vs. G500.L — Risk / Return Rank
SRSA.L
G500.L
SRSA.L vs. G500.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (SRSA.L) and Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.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.
| SRSA.L | G500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 2.65 | -1.31 |
| Martin ratioReturn relative to average drawdown | 2.92 | 10.68 | -7.76 |
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Drawdowns
SRSA.L vs. G500.L - Drawdown Comparison
The maximum SRSA.L drawdown since its inception was -52.58%, which is greater than G500.L's maximum drawdown of -25.20%. Use the drawdown chart below to compare losses from any high point for SRSA.L and G500.L.
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Drawdown Indicators
| SRSA.L | G500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.58% | -25.20% | -27.38% |
Max Drawdown (1Y)Largest decline over 1 year | -23.06% | -8.21% | -14.85% |
Max Drawdown (3Y)Largest decline over 3 years | -27.05% | -18.22% | -8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -27.76% | -25.20% | -2.56% |
Max Drawdown (10Y)Largest decline over 10 years | -52.58% | — | — |
Current DrawdownCurrent decline from peak | -20.04% | -0.66% | -19.38% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -5.31% | -11.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.60% | 2.04% | +8.56% |
Volatility
SRSA.L vs. G500.L - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (SRSA.L) has a higher volatility of 6.81% compared to Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) at 2.79%. This indicates that SRSA.L's price experiences larger fluctuations and is considered to be riskier than G500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRSA.L | G500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.81% | 2.79% | +4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 25.83% | 9.28% | +16.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.27% | 12.06% | +18.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.66% | 15.99% | +12.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.97% | 15.87% | +16.10% |
SRSA.L vs. G500.L - Expense Ratio Comparison
SRSA.L has a 0.65% expense ratio, which is higher than G500.L's 0.05% expense ratio.
Dividends
SRSA.L vs. G500.L - Dividend Comparison
Neither SRSA.L nor G500.L has paid dividends to shareholders.
Frequently Asked Questions
SRSA.L and G500.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, G500.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G500.L is cheaper with a 0.05% expense ratio, compared with 0.65% for SRSA.L.
SRSA.L tracks iShares MSCI South Africa UCITS ETF USD (Acc), while G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.65% for SRSA.L and 0.05% for G500.L.
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