SUSL vs. USXF

Last updated Jun 16, 2026

SUSL (iShares ESG MSCI USA Leaders ETF) and USXF (iShares ESG Advanced MSCI USA ETF) are both Large Cap Growth Equities funds from iShares - SUSL tracks the MSCI USA Extended ESG Leaders Index while USXF tracks the MSCI USA Choice ESG Screened Index. Both are passively managed. Over the past 5 years, SUSL returned 14.02%/yr vs 15.64%/yr for USXF. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.

Performance

SUSL vs. USXF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG MSCI USA Leaders ETF (SUSL) and iShares ESG Advanced MSCI USA ETF (USXF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SUSL achieves a 10.40% return, which is significantly lower than USXF's 20.37% return.

SUSL

• 1D: 1.69%
• 1M: 2.00%
• YTD: 10.40%
• 6M: 11.04%
• 1Y: 28.66%
• 3Y*: 21.40%
• 5Y*: 14.02%
• 10Y*: —

USXF

• 1D: 2.44%
• 1M: 5.10%
• YTD: 20.37%
• 6M: 21.61%
• 1Y: 36.09%
• 3Y*: 25.87%
• 5Y*: 15.64%
• 10Y*: —

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

SUSL vs. USXF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SUSL iShares ESG MSCI USA Leaders ETF	10.40%	18.97%	23.51%	29.08%	-20.22%	31.53%	20.77%
USXF iShares ESG Advanced MSCI USA ETF	20.37%	16.97%	26.16%	31.65%	-21.20%	27.14%	23.07%

Correlation

The correlation between SUSL and USXF is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020	0.93

The correlation between SUSL and USXF has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.

SUSL vs. USXF - Sectors Allocation Comparison

Sectors	SUSL	USXF
Technology	35.2%	53.9%
Communication Services	13.5%	2.0%
Financial Services	10.5%	15.1%
Healthcare	10.0%	5.7%
Consumer Cyclical	9.1%	6.6%
Industrials	8.1%	8.0%
Consumer Defensive	5.4%	0.9%
Energy	2.1%	0.1%
Real Estate	2.1%	4.0%
Basic Materials	2.0%	2.3%
Utilities	1.7%	1.1%

Return for Risk

SUSL vs. USXF — Risk / Return Rank

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

SUSL

SUSL Risk / Return Rank: 67
SUSL Sharpe Ratio Rank: 73
SUSL Sortino Ratio Rank: 72
SUSL Omega Ratio Rank: 71
SUSL Calmar Ratio Rank: 55
SUSL Martin Ratio Rank: 64

USXF

USXF Risk / Return Rank: 72
USXF Sharpe Ratio Rank: 72
USXF Sortino Ratio Rank: 66
USXF Omega Ratio Rank: 68
USXF Calmar Ratio Rank: 76
USXF Martin Ratio Rank: 78

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.

SUSL vs. USXF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI USA Leaders ETF (SUSL) and iShares ESG Advanced MSCI USA ETF (USXF). 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.

	SUSL	USXF	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.10	+0.04
Sortino ratio: Return per unit of downside risk	2.96	2.77	+0.19
Omega ratio: Gain probability vs. loss probability	1.38	1.37	+0.01
Calmar ratio: Return relative to maximum drawdown	2.53	3.56	-1.03
Martin ratio: Return relative to average drawdown	10.76	13.71	-2.95

SUSL vs. USXF - Sharpe Ratio Comparison

The current SUSL Sharpe Ratio is 2.15, which is comparable to the USXF Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of SUSL and USXF, 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

SUSL vs. USXF - Drawdown Comparison

The maximum SUSL drawdown since its inception was -34.26%, which is greater than USXF's maximum drawdown of -29.54%. Use the drawdown chart below to compare losses from any high point for SUSL and USXF.

Drawdown Indicators

	SUSL	USXF	Difference
Max Drawdown Largest peak-to-trough decline	-34.26%	-29.54%	-4.72%
Max Drawdown (1Y) Largest decline over 1 year	-11.37%	-10.19%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-19.91%	-20.93%	+1.02%
Max Drawdown (5Y) Largest decline over 5 years	-26.98%	-29.54%	+2.56%
Current Drawdown Current decline from peak	-0.36%	-0.83%	+0.47%
Average Drawdown Average peak-to-trough decline	-5.68%	-6.40%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	2.64%	+0.03%

Volatility

SUSL vs. USXF - Volatility Comparison

The current volatility for iShares ESG MSCI USA Leaders ETF (SUSL) is 4.91%, while iShares ESG Advanced MSCI USA ETF (USXF) has a volatility of 7.98%. This indicates that SUSL experiences smaller price fluctuations and is considered to be less risky than USXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUSL	USXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	7.98%	-3.07%
Volatility (6M) Calculated over the trailing 6-month period	10.72%	14.39%	-3.67%
Volatility (1Y) Calculated over the trailing 1-year period	13.44%	17.29%	-3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.56%	19.76%	-2.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.81%	19.31%	+0.50%

SUSL vs. USXF - Expense Ratio Comparison

Both SUSL and USXF have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SUSL vs. USXF - Dividend Comparison

SUSL's dividend yield for the trailing twelve months is around 1.13%, more than USXF's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
SUSL iShares ESG MSCI USA Leaders ETF	1.13%	0.99%	1.10%	1.27%	1.57%	1.12%	1.38%	1.12%
USXF iShares ESG Advanced MSCI USA ETF	0.98%	0.93%	1.00%	1.21%	1.39%	0.86%	0.58%	0.00%

Frequently Asked Questions

Can I hold both SUSL and USXF in my portfolio?

SUSL and USXF have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SUSL or USXF?

USXF has higher volatility (7.98%) compared to SUSL (4.91%). In terms of maximum drawdown, SUSL dropped -34.26% vs USXF's -29.54%.

Which ETF is better, SUSL or USXF?

On 5-year performance, USXF leads with 15.64% vs 14.02% for SUSL. Both ETFs have the same 0.10% expense ratio. On volatility, SUSL has been the lower-risk option at 4.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SUSL or USXF?

Over the 5-year period, USXF has performed better with a 15.64% return vs 14.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SUSL or USXF?

SUSL and USXF have the same expense ratio: 0.10% per year.

Which ETF pays a higher dividend yield, SUSL or USXF?

SUSL has the higher dividend yield at 1.13%, compared with 0.98% for USXF.

What is the main difference between SUSL and USXF?

SUSL tracks MSCI USA Extended ESG Leaders Index, while USXF tracks MSCI USA Choice ESG Screened Index.

Which has better risk-adjusted returns?

SUSL currently has the higher Sharpe Ratio (2.15 vs 2.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.