SRSA.L vs. LGUS.L
SRSA.L (iShares MSCI South Africa UCITS ETF USD (Acc)) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds - SRSA.L tracks the iShares MSCI South Africa UCITS ETF USD (Acc) while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 5 years, SRSA.L returned 11.36%/yr vs 13.21%/yr for LGUS.L. At a 0.38 correlation, their price movements are largely independent. SRSA.L charges 0.65%/yr vs 0.05%/yr for LGUS.L.
Performance
SRSA.L vs. LGUS.L - Performance Comparison
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Different Trading Currencies
SRSA.L is traded in GBp, while LGUS.L is traded in USD. To make them comparable, the LGUS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SRSA.L achieves a -4.79% return, which is significantly lower than LGUS.L's 9.89% 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%
LGUS.L
- 1D
- 0.00%
- 1M
- -0.68%
- 6M
- 9.24%
- YTD
- 9.89%
- 1Y
- 20.35%
- 3Y*
- 19.04%
- 5Y*
- 13.21%
- 10Y*
- —
SRSA.L vs. LGUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SRSA.L iShares MSCI South Africa UCITS ETF USD (Acc) | -4.79% | 65.31% | 9.25% | -5.19% | 7.61% | 5.31% | -5.99% | 5.20% | 0.11% |
LGUS.L L&G US Equity UCITS ETF | 9.89% | 9.57% | 27.28% | 22.23% | -11.00% | 29.12% | 17.60% | 25.93% | -7.71% |
Correlation
The correlation between SRSA.L and LGUS.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.38 |
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Return for Risk
SRSA.L vs. LGUS.L — Risk / Return Rank
SRSA.L
LGUS.L
SRSA.L vs. LGUS.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 L&G US Equity UCITS ETF (LGUS.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 | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 2.77 | -1.42 |
| Martin ratioReturn relative to average drawdown | 2.92 | 8.67 | -5.75 |
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Drawdowns
SRSA.L vs. LGUS.L - Drawdown Comparison
The maximum SRSA.L drawdown since its inception was -52.58%, which is greater than LGUS.L's maximum drawdown of -26.39%. Use the drawdown chart below to compare losses from any high point for SRSA.L and LGUS.L.
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Drawdown Indicators
| SRSA.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.58% | -26.39% | -26.19% |
Max Drawdown (1Y)Largest decline over 1 year | -23.06% | -7.68% | -15.38% |
Max Drawdown (3Y)Largest decline over 3 years | -27.05% | -21.47% | -5.58% |
Max Drawdown (5Y)Largest decline over 5 years | -27.76% | -21.47% | -6.29% |
Max Drawdown (10Y)Largest decline over 10 years | -52.58% | — | — |
Current DrawdownCurrent decline from peak | -20.04% | -1.24% | -18.80% |
Average DrawdownAverage peak-to-trough decline | -16.96% | -3.79% | -13.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.60% | 2.45% | +8.15% |
Volatility
SRSA.L vs. LGUS.L - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (SRSA.L) has a higher volatility of 6.81% compared to L&G US Equity UCITS ETF (LGUS.L) at 3.08%. This indicates that SRSA.L's price experiences larger fluctuations and is considered to be riskier than LGUS.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 | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.81% | 3.08% | +3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 25.83% | 9.50% | +16.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.27% | 12.81% | +17.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.66% | 16.02% | +12.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.97% | 17.59% | +14.38% |
SRSA.L vs. LGUS.L - Expense Ratio Comparison
SRSA.L has a 0.65% expense ratio, which is higher than LGUS.L's 0.05% expense ratio.
Dividends
SRSA.L vs. LGUS.L - Dividend Comparison
Neither SRSA.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
SRSA.L and LGUS.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.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 LGUS.L tracks L&G US Equity UCITS ETF. They also come from different issuers: iShares and L&G. Their fees differ too: 0.65% for SRSA.L and 0.05% for LGUS.L.
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