SUUS.L vs. IAU

Last updated Jun 9, 2026

SUUS.L (iShares MSCI USA SRI UCITS ETF USD (Acc)) and IAU (iShares Gold Trust) are both exchange-traded funds - SUUS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while IAU is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, SUUS.L returned 12.04%/yr vs 19.04%/yr for IAU. At a 0.07 correlation, their price movements are largely independent. SUUS.L charges 0.20%/yr vs 0.25%/yr for IAU.

Performance

SUUS.L vs. IAU - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI USA SRI UCITS ETF USD (Acc) (SUUS.L) and iShares Gold Trust (IAU). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SUUS.L is traded in GBp, while IAU is traded in USD. To make them comparable, the IAU 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 IAU's 1.24% 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*: —

IAU

• 1D: 0.17%
• 1M: -6.45%
• YTD: 1.24%
• 6M: 2.91%
• 1Y: 32.06%
• 3Y*: 27.34%
• 5Y*: 19.04%
• 10Y*: 13.46%

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

SUUS.L vs. IAU - 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%
IAU iShares Gold Trust	1.24%	52.27%	29.07%	7.20%	11.18%	-3.09%	21.36%	13.49%	4.07%	3.14%

Correlation

The correlation between SUUS.L and IAU is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (All Time) Calculated using the full available price history since Jul 11, 2016	0.07

SUUS.L vs. IAU - Sectors Allocation Comparison

Sectors	SUUS.L	IAU
Technology	41.6%	-
Financial Services	11.8%	-
Consumer Cyclical	9.3%	-
Communication Services	9.1%	-
Healthcare	8.6%	-
Industrials	8.1%	-
Consumer Defensive	5.4%	-
Basic Materials	2.5%	-
Real Estate	2.1%	100.0%
Utilities	1.5%	-
Energy	-	-

Return for Risk

SUUS.L vs. IAU — Risk / Return Rank

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

SUUS.L

SUUS.L Risk / Return Rank: 71
SUUS.L Sharpe Ratio Rank: 71
SUUS.L Sortino Ratio Rank: 72
SUUS.L Omega Ratio Rank: 69
SUUS.L Calmar Ratio Rank: 73
SUUS.L Martin Ratio Rank: 68

IAU

IAU Risk / Return Rank: 33
IAU Sharpe Ratio Rank: 35
IAU Sortino Ratio Rank: 31
IAU Omega Ratio Rank: 38
IAU Calmar Ratio Rank: 34
IAU Martin Ratio Rank: 29

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.

SUUS.L vs. IAU - 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 Gold Trust (IAU). 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	IAU	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.27	+0.81
Sortino ratio: Return per unit of downside risk	2.90	1.68	+1.22
Omega ratio: Gain probability vs. loss probability	1.37	1.26	+0.11
Calmar ratio: Return relative to maximum drawdown	3.35	1.72	+1.63
Martin ratio: Return relative to average drawdown	11.43	4.38	+7.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SUUS.L vs. IAU - Sharpe Ratio Comparison

The current SUUS.L Sharpe Ratio is 2.09, which is higher than the IAU Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of SUUS.L and IAU, 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

	SUUS.L	IAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	1.27	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	1.15	-0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.70	-0.13

Drawdowns

SUUS.L vs. IAU - Drawdown Comparison

The maximum SUUS.L drawdown since its inception was -25.46%, smaller than the maximum IAU drawdown of -41.56%. Use the drawdown chart below to compare losses from any high point for SUUS.L and IAU.

Drawdown Indicators

	SUUS.L	IAU	Difference
Max Drawdown Largest peak-to-trough decline	-25.46%	-41.56%	+16.10%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	-18.69%	+11.47%
Max Drawdown (3Y) Largest decline over 3 years	-21.62%	-18.69%	-2.93%
Max Drawdown (5Y) Largest decline over 5 years	-21.62%	-18.69%	-2.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.73%	—
Current Drawdown Current decline from peak	-1.03%	-18.56%	+17.53%
Average Drawdown Average peak-to-trough decline	-6.40%	-13.02%	+6.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	7.34%	-5.22%

Volatility

SUUS.L vs. IAU - Volatility Comparison

The current volatility for iShares MSCI USA SRI UCITS ETF USD (Acc) (SUUS.L) is 3.59%, while iShares Gold Trust (IAU) has a volatility of 4.73%. This indicates that SUUS.L experiences smaller price fluctuations and is considered to be less risky than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUUS.L	IAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	4.73%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	8.56%	21.82%	-13.26%
Volatility (1Y) Calculated over the trailing 1-year period	11.61%	25.31%	-13.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.13%	16.70%	+3.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.03%	16.19%	+3.84%

SUUS.L vs. IAU - Expense Ratio Comparison

SUUS.L has a 0.20% expense ratio, which is lower than IAU's 0.25% expense ratio. Despite the difference, 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. IAU - Dividend Comparison

Neither SUUS.L nor IAU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SUUS.L and IAU in my portfolio?

SUUS.L and IAU have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SUUS.L or IAU?

On fees, SUUS.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, SUUS.L or IAU?

SUUS.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IAU.

What is the main difference between SUUS.L and IAU?

SUUS.L is categorized as Large Cap Blend Equities, while IAU is Gold. SUUS.L tracks Russell 1000 TR USD, while IAU tracks LBMA Gold Price. Their fees differ too: 0.20% for SUUS.L and 0.25% for IAU.