SSAC.L vs. MXWO.L
Compare and contrast key facts about iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) and Invesco MSCI World UCITS ETF (MXWO.L).
SSAC.L and MXWO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SSAC.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Oct 21, 2011. MXWO.L is a passively managed fund by Invesco that tracks the performance of the MSCI ACWI NR USD. It was launched on Apr 2, 2009. Both SSAC.L and MXWO.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSAC.L or MXWO.L.
Key characteristics
| SSAC.L | MXWO.L | |
|---|---|---|
| YTD Return | 11.74% | 16.20% |
| 1Y Return | 16.98% | 25.60% |
| 3Y Return (Ann) | 7.95% | 7.50% |
| 5Y Return (Ann) | 10.18% | 12.51% |
| 10Y Return (Ann) | 11.06% | 9.68% |
| Sharpe Ratio | 1.69 | 2.14 |
| Daily Std Dev | 10.34% | 12.21% |
| Max Drawdown | -25.43% | -33.89% |
| Current Drawdown | -1.25% | -0.12% |
Correlation
The correlation between SSAC.L and MXWO.L is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SSAC.L vs. MXWO.L - Performance Comparison
In the year-to-date period, SSAC.L achieves a 11.74% return, which is significantly lower than MXWO.L's 16.20% return. Over the past 10 years, SSAC.L has outperformed MXWO.L with an annualized return of 11.06%, while MXWO.L has yielded a comparatively lower 9.68% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SSAC.L vs. MXWO.L - Expense Ratio Comparison
SSAC.L has a 0.20% expense ratio, which is higher than MXWO.L's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SSAC.L vs. MXWO.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) and Invesco MSCI World UCITS ETF (MXWO.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.
Dividends
SSAC.L vs. MXWO.L - Dividend Comparison
Neither SSAC.L nor MXWO.L has paid dividends to shareholders.
Drawdowns
SSAC.L vs. MXWO.L - Drawdown Comparison
The maximum SSAC.L drawdown since its inception was -25.43%, smaller than the maximum MXWO.L drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for SSAC.L and MXWO.L. For additional features, visit the drawdowns tool.
Volatility
SSAC.L vs. MXWO.L - Volatility Comparison
iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) has a higher volatility of 4.02% compared to Invesco MSCI World UCITS ETF (MXWO.L) at 3.72%. This indicates that SSAC.L's price experiences larger fluctuations and is considered to be riskier than MXWO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.