SUAP.L vs. MXUS.L

Last updated Jul 21, 2026

SUAP.L (iShares MSCI USA SRI UCITS ETF GBP Hedged (Dist)) and MXUS.L (Invesco MSCI USA UCITS ETF) are both Large Cap Blend Equities funds - SUAP.L tracks the MSCI USA SRI Select Reduced Fossil Fuel Net Index (USD) while MXUS.L tracks the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, SUAP.L returned 9.10%/yr vs 12.96%/yr for MXUS.L. A 0.74 correlation means they provide meaningful diversification when combined. SUAP.L charges 0.23%/yr vs 0.05%/yr for MXUS.L.

Performance

SUAP.L vs. MXUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI USA SRI UCITS ETF GBP Hedged (Dist) (SUAP.L) and Invesco MSCI USA UCITS ETF (MXUS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SUAP.L is traded in GBP, while MXUS.L is traded in USD. To make them comparable, the MXUS.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, SUAP.L achieves a 12.06% return, which is significantly higher than MXUS.L's 9.50% return.

SUAP.L

• 1D: -0.26%
• 1M: -2.30%
• 6M: 10.61%
• YTD: 12.06%
• 1Y: 18.49%
• 3Y*: 13.49%
• 5Y*: 9.10%
• 10Y*: —
• ALL TIME*: 9.70%

MXUS.L

• 1D: 0.22%
• 1M: -1.48%
• 6M: 9.44%
• YTD: 9.50%
• 1Y: 19.69%
• 3Y*: 17.81%
• 5Y*: 12.96%
• 10Y*: 14.60%
• ALL TIME*: 15.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SUAP.L vs. MXUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SUAP.L iShares MSCI USA SRI UCITS ETF GBP Hedged (Dist)	12.06%	10.67%	13.28%	22.38%	-20.64%	18.23%
MXUS.L Invesco MSCI USA UCITS ETF	9.50%	8.98%	27.77%	21.44%	-10.52%	20.95%

Correlation

The correlation between SUAP.L and MXUS.L is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since May 21, 2021	0.74

The correlation between SUAP.L and MXUS.L has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.

SUAP.L vs. MXUS.L - Sectors Allocation Comparison

Sectors	SUAP.L	MXUS.L
Technology	40.7%	38.9%
Financial Services	12.0%	10.9%
Consumer Cyclical	10.7%	9.9%
Healthcare	9.2%	8.4%
Industrials	8.8%	8.1%
Communication Services	8.8%	10.7%
Consumer Defensive	5.0%	4.4%
Real Estate	1.8%	1.8%
Basic Materials	1.6%	1.7%
Utilities	1.5%	2.0%
Energy	-	3.2%

Return for Risk

SUAP.L vs. MXUS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SUAP.L

SUAP.L Risk / Return Rank: 56
SUAP.L Sharpe Ratio Rank: 54
SUAP.L Sortino Ratio Rank: 58
SUAP.L Omega Ratio Rank: 51
SUAP.L Calmar Ratio Rank: 57
SUAP.L Martin Ratio Rank: 61

MXUS.L

MXUS.L Risk / Return Rank: 68
MXUS.L Sharpe Ratio Rank: 68
MXUS.L Sortino Ratio Rank: 71
MXUS.L Omega Ratio Rank: 66
MXUS.L Calmar Ratio Rank: 64
MXUS.L Martin Ratio Rank: 71

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.

SUAP.L vs. MXUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA SRI UCITS ETF GBP Hedged (Dist) (SUAP.L) and Invesco MSCI USA UCITS ETF (MXUS.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.

	SUAP.L	MXUS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.59	-0.23
Sortino ratio: Return per unit of downside risk	2.06	2.23	-0.17
Omega ratio: Gain probability vs. loss probability	1.24	1.29	-0.05
Calmar ratio: Return relative to maximum drawdown	2.10	2.59	-0.48
Martin ratio: Return relative to average drawdown	7.83	8.29	-0.46

SUAP.L vs. MXUS.L - Sharpe Ratio Comparison

The current SUAP.L Sharpe Ratio is 1.36, which is comparable to the MXUS.L Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of SUAP.L and MXUS.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.

Drawdowns

SUAP.L vs. MXUS.L - Drawdown Comparison

The maximum SUAP.L drawdown since its inception was -27.13%, roughly equal to the maximum MXUS.L drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for SUAP.L and MXUS.L.

Drawdown Indicators

	SUAP.L	MXUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.13%	-26.52%	-0.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.76%	-7.59%	-1.17%
Max Drawdown (3Y) Largest decline over 3 years	-19.71%	-21.41%	+1.70%
Max Drawdown (5Y) Largest decline over 5 years	-27.13%	-21.41%	-5.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.52%	—
Current Drawdown Current decline from peak	-3.66%	-1.71%	-1.95%
Average Drawdown Average peak-to-trough decline	-7.07%	-3.55%	-3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	2.37%	-0.01%

Volatility

SUAP.L vs. MXUS.L - Volatility Comparison

iShares MSCI USA SRI UCITS ETF GBP Hedged (Dist) (SUAP.L) has a higher volatility of 4.55% compared to Invesco MSCI USA UCITS ETF (MXUS.L) at 3.20%. This indicates that SUAP.L's price experiences larger fluctuations and is considered to be riskier than MXUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUAP.L	MXUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	3.20%	+1.35%
Volatility (6M) Calculated over the trailing 6-month period	11.02%	9.22%	+1.80%
Volatility (1Y) Calculated over the trailing 1-year period	13.58%	12.38%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.62%	15.72%	+0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.43%	16.44%	-0.01%

SUAP.L vs. MXUS.L - Expense Ratio Comparison

SUAP.L has a 0.23% expense ratio, which is higher than MXUS.L's 0.05% 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%.

Dividends

SUAP.L vs. MXUS.L - Dividend Comparison

SUAP.L's dividend yield for the trailing twelve months is around 0.90%, while MXUS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
MXUS.L Invesco MSCI USA UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SUAP.L iShares MSCI USA SRI UCITS ETF GBP Hedged (Dist)	0.90%	0.92%	1.09%	1.22%	1.42%	0.55%

Frequently Asked Questions

Can I hold both SUAP.L and MXUS.L in my portfolio?

SUAP.L and MXUS.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SUAP.L or MXUS.L?

On fees, MXUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SUAP.L or MXUS.L?

MXUS.L is cheaper with a 0.05% expense ratio, compared with 0.23% for SUAP.L.

What is the main difference between SUAP.L and MXUS.L?

SUAP.L tracks MSCI USA SRI Select Reduced Fossil Fuel Net Index (USD), while MXUS.L tracks Russell 1000 TR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.23% for SUAP.L and 0.05% for MXUS.L.