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SRSA.L vs. MIST.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SRSA.L vs. MIST.L

Last updated Jul 16, 2026
Documentation

SRSA.L (iShares MSCI South Africa UCITS ETF USD (Acc)) and MIST.L (PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation) are both Global Equities funds - SRSA.L tracks the iShares MSCI South Africa UCITS ETF USD (Acc) while MIST.L tracks the PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. Both are passively managed. Over the past 5 years, SRSA.L returned 11.36%/yr vs 3.14%/yr for MIST.L. At a 0.02 correlation, their price movements are largely independent.

Performance

SRSA.L vs. MIST.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI South Africa UCITS ETF USD (Acc) (SRSA.L) and PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SRSA.L is traded in GBp, while MIST.L is traded in GBP. To make them comparable, the MIST.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 MIST.L's 2.23% 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%

MIST.L

1D
0.00%
1M
0.32%
6M
2.06%
YTD
2.23%
1Y
4.37%
3Y*
5.04%
5Y*
3.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SRSA.L vs. MIST.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
SRSA.L
iShares MSCI South Africa UCITS ETF USD (Acc)		-4.79%65.31%9.25%-5.19%7.61%5.31%-5.99%1.48%
MIST.L
PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation		2.23%4.61%5.53%5.01%-1.12%-0.36%0.63%0.28%

Correlation

The correlation between SRSA.L and MIST.L is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.04

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

0.01

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

0.03

Correlation (All Time)
Calculated using the full available price history since Sep 25, 2019

0.02

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iShares MSCI South Africa UCITS ETF USD (Acc)

PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation

Return for Risk

SRSA.L vs. MIST.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SRSA.L
SRSA.L Risk / Return Rank: 3232
Overall Rank
SRSA.L Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
SRSA.L Sortino Ratio Rank: 3232
Sortino Ratio Rank
SRSA.L Omega Ratio Rank: 3333
Omega Ratio Rank
SRSA.L Calmar Ratio Rank: 3232
Calmar Ratio Rank
SRSA.L Martin Ratio Rank: 2727
Martin Ratio Rank
MIST.L
MIST.L Risk / Return Rank: 100100
Overall Rank
MIST.L Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
MIST.L Sortino Ratio Rank: 100100
Sortino Ratio Rank
MIST.L Omega Ratio Rank: 9999
Omega Ratio Rank
MIST.L Calmar Ratio Rank: 100100
Calmar Ratio Rank
MIST.L Martin Ratio Rank: 100100
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.

SRSA.L vs. MIST.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 PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.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.LMIST.LDifference
Sharpe ratioReturn per unit of total volatility
1.02
11.58

-10.56

Sortino ratioReturn per unit of downside risk
1.48
35.35

-33.88

Omega ratioGain probability vs. loss probability

1.19

7.17

-5.98

Calmar ratioReturn relative to maximum drawdown

1.34

101.64

-100.30

Martin ratioReturn relative to average drawdown

2.92

493.90

-490.97

SRSA.L vs. MIST.L - Sharpe Ratio Comparison

The current SRSA.L Sharpe Ratio is 1.02, which is lower than the MIST.L Sharpe Ratio of 11.58. The chart below compares the historical Sharpe Ratios of SRSA.L and MIST.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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Drawdowns

SRSA.L vs. MIST.L - Drawdown Comparison

The maximum SRSA.L drawdown since its inception was -52.58%, which is greater than MIST.L's maximum drawdown of -3.70%. Use the drawdown chart below to compare losses from any high point for SRSA.L and MIST.L.

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Drawdown Indicators

SRSA.LMIST.LDifference

Max Drawdown

Largest peak-to-trough decline

-52.58%

-3.70%

-48.88%

Max Drawdown (1Y)

Largest decline over 1 year

-23.06%

-0.04%

-23.02%

Max Drawdown (3Y)

Largest decline over 3 years

-27.05%

-0.20%

-26.85%

Max Drawdown (5Y)

Largest decline over 5 years

-27.76%

-2.45%

-25.31%

Max Drawdown (10Y)

Largest decline over 10 years

-52.58%

—

—

Current Drawdown

Current decline from peak

-20.04%

0.00%

-20.04%

Average Drawdown

Average peak-to-trough decline

-16.96%

-0.38%

-16.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.60%

0.01%

+10.59%

Volatility

SRSA.L vs. MIST.L - Volatility Comparison

iShares MSCI South Africa UCITS ETF USD (Acc) (SRSA.L) has a higher volatility of 6.81% compared to PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) at 0.10%. This indicates that SRSA.L's price experiences larger fluctuations and is considered to be riskier than MIST.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.LMIST.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.81%

0.10%

+6.71%

Volatility (6M)

Calculated over the trailing 6-month period

25.83%

0.28%

+25.55%

Volatility (1Y)

Calculated over the trailing 1-year period

30.27%

0.38%

+29.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.66%

0.58%

+28.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.97%

0.98%

+30.99%

Dividends

SRSA.L vs. MIST.L - Dividend Comparison

Neither SRSA.L nor MIST.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

SRSA.L and MIST.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SRSA.L tracks iShares MSCI South Africa UCITS ETF USD (Acc), while MIST.L tracks PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. They also come from different issuers: iShares and PIMCO.

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