SSAC.L vs. AVDEX
SSAC.L (iShares MSCI ACWI UCITS ETF (Acc)) and AVDEX (Avantis International Equity Fund) are both funds - SSAC.L is a Global Equities fund tracking the MSCI ACWI NR USD, while AVDEX is a Foreign Large Cap Equities fund managed by Avantis Investors. Over the past 5 years, SSAC.L returned 12.59%/yr vs 11.17%/yr for AVDEX. A 0.61 correlation means they provide meaningful diversification when combined. SSAC.L charges 0.20%/yr vs 0.23%/yr for AVDEX.
Performance
SSAC.L vs. AVDEX - Performance Comparison
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Different Trading Currencies
SSAC.L is traded in GBp, while AVDEX is traded in USD. To make them comparable, the AVDEX values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with SSAC.L having a 11.92% return and AVDEX slightly lower at 11.62%.
SSAC.L
- 1D
- -0.34%
- 1M
- 5.84%
- YTD
- 11.92%
- 6M
- 12.52%
- 1Y
- 30.38%
- 3Y*
- 18.28%
- 5Y*
- 12.59%
- 10Y*
- 13.64%
AVDEX
- 1D
- 0.40%
- 1M
- 4.35%
- YTD
- 11.62%
- 6M
- 13.73%
- 1Y
- 29.26%
- 3Y*
- 17.20%
- 5Y*
- 11.17%
- 10Y*
- —
SSAC.L vs. AVDEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SSAC.L iShares MSCI ACWI UCITS ETF (Acc) | 11.92% | 13.95% | 19.63% | 16.14% | -8.56% | 20.35% | 11.80% | 3.03% |
AVDEX Avantis International Equity Fund | 11.62% | 27.56% | 6.72% | 11.14% | -3.66% | 14.44% | 5.03% | 2.38% |
Correlation
The correlation between SSAC.L and AVDEX is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2019 | 0.61 |
The correlation between SSAC.L and AVDEX has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
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Return for Risk
SSAC.L vs. AVDEX — Risk / Return Rank
SSAC.L
AVDEX
SSAC.L vs. AVDEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) and Avantis International Equity Fund (AVDEX). 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.
| SSAC.L | AVDEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.47 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 2.70 | +1.61 |
| Martin ratioReturn relative to average drawdown | 17.42 | 11.03 | +6.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SSAC.L | AVDEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.89 | 2.47 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.90 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.71 | +0.19 |
Drawdowns
SSAC.L vs. AVDEX - Drawdown Comparison
The maximum SSAC.L drawdown since its inception was -25.43%, smaller than the maximum AVDEX drawdown of -30.62%. Use the drawdown chart below to compare losses from any high point for SSAC.L and AVDEX.
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Drawdown Indicators
| SSAC.L | AVDEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.43% | -30.62% | +5.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -10.66% | +3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -17.99% | -11.59% | -6.40% |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | -13.43% | -4.56% |
Max Drawdown (10Y)Largest decline over 10 years | -25.43% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.40% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -3.67% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.60% | -0.86% |
Volatility
SSAC.L vs. AVDEX - Volatility Comparison
The current volatility for iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) is 2.89%, while Avantis International Equity Fund (AVDEX) has a volatility of 3.49%. This indicates that SSAC.L experiences smaller price fluctuations and is considered to be less risky than AVDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSAC.L | AVDEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 3.49% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 9.62% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.51% | 11.64% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.98% | 12.46% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 15.99% | -1.61% |
SSAC.L vs. AVDEX - Expense Ratio Comparison
SSAC.L has a 0.20% expense ratio, which is lower than AVDEX's 0.23% 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%.
Dividends
SSAC.L vs. AVDEX - Dividend Comparison
SSAC.L has not paid dividends to shareholders, while AVDEX's dividend yield for the trailing twelve months is around 2.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVDEX Avantis International Equity Fund | 2.86% | 3.19% | 3.67% | 3.17% | 2.22% | 3.46% | 1.67% | 0.10% |
SSAC.L iShares MSCI ACWI UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SSAC.L and AVDEX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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