USSC.L vs. IMEU.AS
USSC.L (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and IMEU.AS (iShares Core MSCI Europe UCITS ETF EUR (Dist)) are both exchange-traded funds - USSC.L is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index, while IMEU.AS is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, USSC.L returned 12.01%/yr vs 9.39%/yr for IMEU.AS. A 0.64 correlation means they provide meaningful diversification when combined. USSC.L charges 0.30%/yr vs 1.00%/yr for IMEU.AS.
Performance
USSC.L vs. IMEU.AS - Performance Comparison
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Different Trading Currencies
USSC.L is traded in USD, while IMEU.AS is traded in EUR. To make them comparable, the IMEU.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, USSC.L achieves a 12.93% return, which is significantly higher than IMEU.AS's 5.61% return. Over the past 10 years, USSC.L has outperformed IMEU.AS with an annualized return of 12.01%, while IMEU.AS has yielded a comparatively lower 9.39% annualized return.
USSC.L
- 1D
- -0.49%
- 1M
- 0.86%
- YTD
- 12.93%
- 6M
- 13.58%
- 1Y
- 35.93%
- 3Y*
- 19.32%
- 5Y*
- 9.49%
- 10Y*
- 12.01%
IMEU.AS
- 1D
- -0.92%
- 1M
- 3.06%
- YTD
- 5.61%
- 6M
- 9.08%
- 1Y
- 18.57%
- 3Y*
- 16.41%
- 5Y*
- 8.82%
- 10Y*
- 9.39%
USSC.L vs. IMEU.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USSC.L SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 12.93% | 14.73% | 8.33% | 23.17% | -10.14% | 35.22% | 8.76% | 23.19% | -15.30% | 9.79% |
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 5.61% | 35.99% | 2.23% | 19.38% | -14.61% | 17.16% | 5.35% | 23.13% | -13.83% | 25.60% |
Correlation
The correlation between USSC.L and IMEU.AS is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.64 |
The correlation between USSC.L and IMEU.AS has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
USSC.L vs. IMEU.AS — Risk / Return Rank
USSC.L
IMEU.AS
USSC.L vs. IMEU.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) and iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.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.
| USSC.L | IMEU.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.23 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 1.61 | +2.79 |
| Martin ratioReturn relative to average drawdown | 14.10 | 5.75 | +8.35 |
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
| USSC.L | IMEU.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 1.25 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.50 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.52 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.22 | +0.24 |
Drawdowns
USSC.L vs. IMEU.AS - Drawdown Comparison
The maximum USSC.L drawdown since its inception was -48.99%, smaller than the maximum IMEU.AS drawdown of -62.65%. Use the drawdown chart below to compare losses from any high point for USSC.L and IMEU.AS.
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Drawdown Indicators
| USSC.L | IMEU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.99% | -62.65% | +13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -11.38% | +3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -27.47% | -14.90% | -12.57% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -30.73% | +3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -48.99% | -35.76% | -13.23% |
Current DrawdownCurrent decline from peak | -0.49% | -2.54% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -7.70% | -14.45% | +6.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 3.20% | -0.66% |
Volatility
USSC.L vs. IMEU.AS - Volatility Comparison
The current volatility for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) is 4.04%, while iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) has a volatility of 5.62%. This indicates that USSC.L experiences smaller price fluctuations and is considered to be less risky than IMEU.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USSC.L | IMEU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 5.62% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.08% | 12.20% | -2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.01% | 14.64% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.62% | 17.25% | +4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.82% | 17.68% | +5.14% |
USSC.L vs. IMEU.AS - Expense Ratio Comparison
USSC.L has a 0.30% expense ratio, which is lower than IMEU.AS's 1.00% expense ratio.
Dividends
USSC.L vs. IMEU.AS - Dividend Comparison
USSC.L has not paid dividends to shareholders, while IMEU.AS's dividend yield for the trailing twelve months is around 2.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 2.55% | 2.55% | 2.87% | 2.88% | 2.93% | 2.25% | 2.08% | 3.06% | 3.23% | 2.64% | 2.85% | 2.67% |
USSC.L SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USSC.L and IMEU.AS have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USSC.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USSC.L is cheaper with a 0.30% expense ratio, compared with 1.00% for IMEU.AS.
USSC.L is categorized as Small Cap Value Equities, while IMEU.AS is Europe Equities. USSC.L tracks MSCI USA Small Cap Value Weighted Index, while IMEU.AS tracks MSCI Europe NR EUR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for USSC.L and 1.00% for IMEU.AS.
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