SUES.L vs. SUSW.L

Last updated Jun 5, 2026

SUES.L (iShares MSCI EM SRI UCITS ETF) and SUSW.L (iShares MSCI World SRI UCITS ETF EUR (Acc)) are both exchange-traded funds - SUES.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while SUSW.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, SUES.L returned 5.18%/yr vs 10.67%/yr for SUSW.L. A 0.61 correlation means they provide meaningful diversification when combined. SUES.L charges 0.25%/yr vs 0.20%/yr for SUSW.L.

Performance

SUES.L vs. SUSW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI EM SRI UCITS ETF (SUES.L) and iShares MSCI World SRI UCITS ETF EUR (Acc) (SUSW.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SUES.L is traded in GBp, while SUSW.L is traded in EUR. To make them comparable, the SUSW.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, SUES.L achieves a 16.30% return, which is significantly higher than SUSW.L's 10.49% return.

SUES.L

• 1D: -1.52%
• 1M: 0.78%
• YTD: 16.30%
• 6M: 17.33%
• 1Y: 39.09%
• 3Y*: 14.44%
• 5Y*: 5.18%
• 10Y*: —

SUSW.L

• 1D: 0.34%
• 1M: 6.10%
• YTD: 10.49%
• 6M: 10.64%
• 1Y: 21.88%
• 3Y*: 13.12%
• 5Y*: 10.67%
• 10Y*: —

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

SUES.L vs. SUSW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SUES.L iShares MSCI EM SRI UCITS ETF	16.30%	22.98%	6.49%	-4.42%	-8.54%	0.22%	14.91%	11.22%	-4.94%	3.32%
SUSW.L iShares MSCI World SRI UCITS ETF EUR (Acc)	10.44%	7.34%	12.96%	18.37%	-12.08%	27.61%	17.02%	24.81%	-2.13%	1.80%

Correlation

The correlation between SUES.L and SUSW.L is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Oct 24, 2017	0.61

The correlation between SUES.L and SUSW.L has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.

SUES.L vs. SUSW.L - Sectors Allocation Comparison

Sectors	SUES.L	SUSW.L
Technology	42.5%	30.6%
Financial Services	20.2%	17.1%
Consumer Cyclical	9.9%	9.2%
Communication Services	7.7%	7.7%
Basic Materials	5.8%	4.0%
Industrials	5.2%	11.8%
Healthcare	3.2%	9.3%
Consumer Defensive	2.9%	6.2%
Real Estate	1.5%	2.3%
Utilities	1.2%	1.8%
Energy	-	-

Return for Risk

SUES.L vs. SUSW.L — Risk / Return Rank

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

SUES.L

SUES.L Risk / Return Rank: 76
SUES.L Sharpe Ratio Rank: 79
SUES.L Sortino Ratio Rank: 76
SUES.L Omega Ratio Rank: 76
SUES.L Calmar Ratio Rank: 76
SUES.L Martin Ratio Rank: 73

SUSW.L

SUSW.L Risk / Return Rank: 46
SUSW.L Sharpe Ratio Rank: 43
SUSW.L Sortino Ratio Rank: 44
SUSW.L Omega Ratio Rank: 44
SUSW.L Calmar Ratio Rank: 48
SUSW.L Martin Ratio Rank: 52

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.

SUES.L vs. SUSW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM SRI UCITS ETF (SUES.L) and iShares MSCI World SRI UCITS ETF EUR (Acc) (SUSW.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.

	SUES.L	SUSW.L	Difference
Sharpe ratio: Return per unit of total volatility	2.51	1.84	+0.68
Sortino ratio: Return per unit of downside risk	3.37	2.62	+0.74
Omega ratio: Gain probability vs. loss probability	1.44	1.34	+0.10
Calmar ratio: Return relative to maximum drawdown	3.79	2.77	+1.02
Martin ratio: Return relative to average drawdown	13.42	10.30	+3.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SUES.L vs. SUSW.L - Sharpe Ratio Comparison

The current SUES.L Sharpe Ratio is 2.51, which is higher than the SUSW.L Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of SUES.L and SUSW.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.

Sharpe Ratios by Period

	SUES.L	SUSW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	1.84	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.75	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.75	-0.32

Drawdowns

SUES.L vs. SUSW.L - Drawdown Comparison

The maximum SUES.L drawdown since its inception was -30.11%, which is greater than SUSW.L's maximum drawdown of -24.50%. Use the drawdown chart below to compare losses from any high point for SUES.L and SUSW.L.

Drawdown Indicators

	SUES.L	SUSW.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.11%	-24.50%	-5.61%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	-7.77%	-2.71%
Max Drawdown (3Y) Largest decline over 3 years	-17.77%	-20.11%	+2.34%
Max Drawdown (5Y) Largest decline over 5 years	-24.78%	-20.11%	-4.67%
Current Drawdown Current decline from peak	-2.59%	0.00%	-2.59%
Average Drawdown Average peak-to-trough decline	-9.15%	-4.01%	-5.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.10%	+0.86%

Volatility

SUES.L vs. SUSW.L - Volatility Comparison

iShares MSCI EM SRI UCITS ETF (SUES.L) has a higher volatility of 5.89% compared to iShares MSCI World SRI UCITS ETF EUR (Acc) (SUSW.L) at 3.54%. This indicates that SUES.L's price experiences larger fluctuations and is considered to be riskier than SUSW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUES.L	SUSW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	3.54%	+2.35%
Volatility (6M) Calculated over the trailing 6-month period	12.99%	8.89%	+4.10%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	11.71%	+4.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.41%	14.16%	+2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.94%	15.84%	+2.10%

SUES.L vs. SUSW.L - Expense Ratio Comparison

SUES.L has a 0.25% expense ratio, which is higher than SUSW.L's 0.20% 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

SUES.L vs. SUSW.L - Dividend Comparison

Neither SUES.L nor SUSW.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SUES.L and SUSW.L in my portfolio?

SUES.L and SUSW.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SUES.L or SUSW.L?

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

Which ETF is cheaper, SUES.L or SUSW.L?

SUSW.L is cheaper with a 0.20% expense ratio, compared with 0.25% for SUES.L.

What is the main difference between SUES.L and SUSW.L?

SUES.L is categorized as Emerging Markets Equities, while SUSW.L is Global Equities. SUES.L tracks MSCI EM NR USD, while SUSW.L tracks MSCI ACWI NR USD. Their fees differ too: 0.25% for SUES.L and 0.20% for SUSW.L.