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SSAC.L vs. USSC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SSAC.L vs. USSC.L

Last updated Jun 26, 2026

SSAC.L (iShares MSCI ACWI UCITS ETF (Acc)) and USSC.L (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SSAC.L is a Global Equities fund tracking the MSCI ACWI Index, while USSC.L is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index. Both are passively managed. Over the past 10 years, SSAC.L returned 13.20%/yr vs 13.15%/yr for USSC.L. A 0.71 correlation means they provide meaningful diversification when combined. SSAC.L charges 0.20%/yr vs 0.30%/yr for USSC.L.

Performance

SSAC.L vs. USSC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SSAC.L is traded in GBp, while USSC.L is traded in USD. To make them comparable, the USSC.L 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 11.65% return, which is significantly lower than USSC.L's 19.71% return. Both investments have delivered pretty close results over the past 10 years, with SSAC.L having a 13.20% annualized return and USSC.L not far behind at 13.15%.

SSAC.L

1D
-0.44%
1M
0.68%
YTD
11.65%
6M
11.98%
1Y
28.43%
3Y*
18.59%
5Y*
11.93%
10Y*
13.20%

USSC.L

1D
0.34%
1M
6.12%
YTD
19.71%
6M
19.37%
1Y
42.72%
3Y*
18.70%
5Y*
11.48%
10Y*
13.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SSAC.L vs. USSC.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SSAC.L
iShares MSCI ACWI UCITS ETF (Acc)		11.65%13.95%19.63%16.14%-8.56%20.35%11.80%22.09%-4.76%13.26%
USSC.L
SPDR MSCI USA Small Cap Value Weighted UCITS ETF		19.71%6.55%10.22%17.02%0.54%36.50%5.57%18.48%-10.28%0.31%

Correlation

The correlation between SSAC.L and USSC.L 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

0.62

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

0.69

Correlation (10Y)
Calculated over the trailing 10-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Feb 18, 2015

0.71

The correlation between SSAC.L and USSC.L shifts across timeframes, from 0.55 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

SSAC.L vs. USSC.L - Sectors Allocation Comparison

Sectors
SSAC.L
USSC.L

Technology

31.7%
9.4%

Financial Services

16.0%
19.8%

Industrials

10.3%
14.7%

Consumer Cyclical

8.9%
14.0%

Communication Services

8.4%
2.7%

Healthcare

8.2%
7.5%

Consumer Defensive

4.9%
6.0%

Energy

4.0%
11.2%

Basic Materials

3.5%
6.1%

Utilities

2.5%
2.5%

Real Estate

1.7%
6.2%

Technology

SSAC.L
31.7%
USSC.L
9.4%

Financial Services

SSAC.L
16.0%
USSC.L
19.8%

Industrials

SSAC.L
10.3%
USSC.L
14.7%

Consumer Cyclical

SSAC.L
8.9%
USSC.L
14.0%

Communication Services

SSAC.L
8.4%
USSC.L
2.7%

Healthcare

SSAC.L
8.2%
USSC.L
7.5%

Consumer Defensive

SSAC.L
4.9%
USSC.L
6.0%

Energy

SSAC.L
4.0%
USSC.L
11.2%

Basic Materials

SSAC.L
3.5%
USSC.L
6.1%

Utilities

SSAC.L
2.5%
USSC.L
2.5%

Real Estate

SSAC.L
1.7%
USSC.L
6.2%

Compare stocks, funds, or ETFs

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iShares MSCI ACWI UCITS ETF (Acc)

SPDR MSCI USA Small Cap Value Weighted UCITS ETF

Often compared with SSAC.L:
SSAC.L vs. ACWISSAC.L vs. VWRP.LSSAC.L vs. ISAC.LSSAC.L vs. SWDA.LSSAC.L vs. IUSQ.DESSAC.L vs. ACWI.LSSAC.L vs. VWRL.AS
Often compared with USSC.L:
USSC.L vs. R2SC.LUSSC.L vs. SPYUSSC.L vs. SLYVUSSC.L vs. VBRUSSC.L vs. IEUSUSSC.L vs. IMID.LUSSC.L vs. MOGB.L

Return for Risk

SSAC.L vs. USSC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SSAC.L
SSAC.L Risk / Return Rank: 8888
Overall Rank
SSAC.L Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
SSAC.L Sortino Ratio Rank: 9090
Sortino Ratio Rank
SSAC.L Omega Ratio Rank: 9090
Omega Ratio Rank
SSAC.L Calmar Ratio Rank: 8585
Calmar Ratio Rank
SSAC.L Martin Ratio Rank: 8787
Martin Ratio Rank
USSC.L
USSC.L Risk / Return Rank: 8585
Overall Rank
USSC.L Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
USSC.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
USSC.L Omega Ratio Rank: 8080
Omega Ratio Rank
USSC.L Calmar Ratio Rank: 8989
Calmar Ratio Rank
USSC.L Martin Ratio Rank: 8484
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.

SSAC.L vs. USSC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.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.

SSAC.LUSSC.LDifference
Sharpe ratioReturn per unit of total volatility
2.60
2.76

-0.16

Sortino ratioReturn per unit of downside risk
3.58
3.73

-0.15

Omega ratioGain probability vs. loss probability

1.49

1.49

0.00

Calmar ratioReturn relative to maximum drawdown

4.04

5.96

-1.93

Martin ratioReturn relative to average drawdown

15.89

20.20

-4.31

SSAC.L vs. USSC.L - Sharpe Ratio Comparison

The current SSAC.L Sharpe Ratio is 2.60, which is comparable to the USSC.L Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of SSAC.L and USSC.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

SSAC.L vs. USSC.L - Drawdown Comparison

The maximum SSAC.L drawdown since its inception was -43.12%, roughly equal to the maximum USSC.L drawdown of -43.40%. Use the drawdown chart below to compare losses from any high point for SSAC.L and USSC.L.

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Drawdown Indicators

SSAC.LUSSC.LDifference

Max Drawdown

Largest peak-to-trough decline

-43.12%

-43.40%

+0.28%

Max Drawdown (1Y)

Largest decline over 1 year

-7.01%

-7.13%

+0.12%

Max Drawdown (3Y)

Largest decline over 3 years

-20.01%

-28.91%

+8.90%

Max Drawdown (5Y)

Largest decline over 5 years

-20.01%

-28.91%

+8.90%

Max Drawdown (10Y)

Largest decline over 10 years

-25.43%

-43.40%

+17.97%

Current Drawdown

Current decline from peak

-1.43%

0.00%

-1.43%

Average Drawdown

Average peak-to-trough decline

-9.18%

-7.90%

-1.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.78%

2.11%

-0.33%

Volatility

SSAC.L vs. USSC.L - Volatility Comparison

iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) have volatilities of 3.63% and 3.62%, 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.LUSSC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.63%

3.62%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

8.27%

10.47%

-2.20%

Volatility (1Y)

Calculated over the trailing 1-year period

10.88%

15.49%

-4.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.96%

20.59%

-1.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.25%

22.06%

-4.81%

SSAC.L vs. USSC.L - Expense Ratio Comparison

SSAC.L has a 0.20% expense ratio, which is lower than USSC.L's 0.30% expense ratio.

Dividends

SSAC.L vs. USSC.L - Dividend Comparison

Neither SSAC.L nor USSC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

SSAC.L and USSC.L 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.

On fees, SSAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SSAC.L is cheaper with a 0.20% expense ratio, compared with 0.30% for USSC.L.

SSAC.L is categorized as Global Equities, while USSC.L is Small Cap Value Equities. SSAC.L tracks MSCI ACWI Index, while USSC.L tracks MSCI USA Small Cap Value Weighted Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for SSAC.L and 0.30% for USSC.L.

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