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 Index, while AVDEX is a Foreign Large Cap Equities fund managed by Avantis Investors. Over the past 5 years, SSAC.L returned 11.42%/yr vs 11.11%/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
In the year-to-date period, SSAC.L achieves a 9.87% return, which is significantly lower than AVDEX's 10.76% return.
SSAC.L
- 1D
- -0.96%
- 1M
- -2.21%
- 6M
- 7.20%
- YTD
- 9.87%
- 1Y
- 21.13%
- 3Y*
- 17.25%
- 5Y*
- 11.42%
- 10Y*
- 12.05%
AVDEX
- 1D
- -0.37%
- 1M
- -1.51%
- 6M
- 5.80%
- YTD
- 10.76%
- 1Y
- 24.53%
- 3Y*
- 17.17%
- 5Y*
- 11.11%
- 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) | 9.87% | 13.95% | 19.63% | 16.14% | -8.56% | 20.35% | 11.80% | 3.41% |
AVDEX Avantis International Equity Fund | 10.76% | 27.56% | 6.72% | 11.14% | -3.66% | 14.44% | 5.03% | 2.38% |
Correlation
The correlation between SSAC.L and AVDEX is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.61 |
The correlation between SSAC.L and AVDEX shifts across timeframes, from 0.50 (3 years) to 0.61 (all time), reflecting how their relationship changes across market environments.
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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.
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.
| SSAC.L | AVDEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.38 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 2.35 | +0.65 |
| Martin ratioReturn relative to average drawdown | 11.49 | 9.39 | +2.10 |
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Drawdowns
SSAC.L vs. AVDEX - Drawdown Comparison
The maximum SSAC.L drawdown since its inception was -43.12%, which is greater than AVDEX's maximum 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 | -43.12% | -30.62% | -12.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -10.66% | +3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -20.01% | -11.59% | -8.42% |
Max Drawdown (5Y)Largest decline over 5 years | -20.01% | -13.43% | -6.58% |
Max Drawdown (10Y)Largest decline over 10 years | -25.43% | — | — |
Current DrawdownCurrent decline from peak | -2.99% | -2.49% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -9.14% | -3.63% | -5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.67% | -0.84% |
Volatility
SSAC.L vs. AVDEX - Volatility Comparison
iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) and Avantis International Equity Fund (AVDEX) have volatilities of 3.14% and 3.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 3.14% | 3.15% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 10.40% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 12.28% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 12.56% | +6.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 15.95% | +1.28% |
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 2.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVDEX Avantis International Equity Fund | 2.88% | 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 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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