SUUS.L vs. CEMU.AS
SUUS.L (iShares MSCI USA SRI UCITS ETF USD (Acc)) and CEMU.AS (iShares Core MSCI EMU UCITS ETF EUR (Acc)) are both exchange-traded funds - SUUS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while CEMU.AS is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, SUUS.L returned 12.04%/yr vs 10.76%/yr for CEMU.AS. A 0.64 correlation means they provide meaningful diversification when combined. SUUS.L charges 0.20%/yr vs 0.12%/yr for CEMU.AS.
Performance
SUUS.L vs. CEMU.AS - Performance Comparison
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Different Trading Currencies
SUUS.L is traded in GBp, while CEMU.AS is traded in EUR. To make them comparable, the CEMU.AS values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SUUS.L achieves a 12.98% return, which is significantly higher than CEMU.AS's 7.84% return.
SUUS.L
- 1D
- 0.17%
- 1M
- 3.42%
- YTD
- 12.98%
- 6M
- 12.98%
- 1Y
- 24.28%
- 3Y*
- 14.35%
- 5Y*
- 12.04%
- 10Y*
- —
CEMU.AS
- 1D
- 0.68%
- 1M
- 3.86%
- YTD
- 7.84%
- 6M
- 9.43%
- 1Y
- 20.62%
- 3Y*
- 16.27%
- 5Y*
- 10.76%
- 10Y*
- 11.10%
SUUS.L vs. CEMU.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUUS.L iShares MSCI USA SRI UCITS ETF USD (Acc) | 12.98% | 3.44% | 15.85% | 17.58% | -8.97% | 32.89% | 21.52% | 27.36% | 2.89% | 12.51% |
CEMU.AS iShares Core MSCI EMU UCITS ETF EUR (Acc) | 7.84% | 31.08% | 5.07% | 16.28% | -7.15% | 15.81% | 5.09% | 17.99% | -10.95% | 17.47% |
Correlation
The correlation between SUUS.L and CEMU.AS is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2016 | 0.64 |
The correlation between SUUS.L and CEMU.AS shifts across timeframes, from 0.52 (3 years) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SUUS.L vs. CEMU.AS — Risk / Return Rank
SUUS.L
CEMU.AS
SUUS.L vs. CEMU.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA SRI UCITS ETF USD (Acc) (SUUS.L) and iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS). 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.
| SUUS.L | CEMU.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.27 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 1.92 | +1.43 |
| Martin ratioReturn relative to average drawdown | 11.43 | 6.87 | +4.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SUUS.L | CEMU.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.46 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.65 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.56 | +0.01 |
Drawdowns
SUUS.L vs. CEMU.AS - Drawdown Comparison
The maximum SUUS.L drawdown since its inception was -25.46%, smaller than the maximum CEMU.AS drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for SUUS.L and CEMU.AS.
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Drawdown Indicators
| SUUS.L | CEMU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.46% | -30.69% | +5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -10.87% | +3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -21.62% | -13.91% | -7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -22.06% | +0.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.69% | — |
Current DrawdownCurrent decline from peak | -1.03% | -0.24% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -5.15% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 3.05% | -0.93% |
Volatility
SUUS.L vs. CEMU.AS - Volatility Comparison
The current volatility for iShares MSCI USA SRI UCITS ETF USD (Acc) (SUUS.L) is 3.59%, while iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) has a volatility of 4.42%. This indicates that SUUS.L experiences smaller price fluctuations and is considered to be less risky than CEMU.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUUS.L | CEMU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 4.42% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 11.93% | -3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.61% | 14.23% | -2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.13% | 16.30% | +3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.03% | 16.99% | +3.04% |
SUUS.L vs. CEMU.AS - Expense Ratio Comparison
SUUS.L has a 0.20% expense ratio, which is higher than CEMU.AS's 0.12% 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
SUUS.L vs. CEMU.AS - Dividend Comparison
Neither SUUS.L nor CEMU.AS has paid dividends to shareholders.
Frequently Asked Questions
SUUS.L and CEMU.AS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMU.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMU.AS is cheaper with a 0.12% expense ratio, compared with 0.20% for SUUS.L.
SUUS.L is categorized as Large Cap Blend Equities, while CEMU.AS is Europe Equities. SUUS.L tracks Russell 1000 TR USD, while CEMU.AS tracks MSCI EMU NR EUR. Their fees differ too: 0.20% for SUUS.L and 0.12% for CEMU.AS.
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