VEGN vs. IGUS.L

Last updated Jun 14, 2026

VEGN (US Vegan Climate ETF) and IGUS.L (iShares S&P 500 GBP Hedged UCITS ETF) are both exchange-traded funds - VEGN is a Large Cap Growth Equities fund tracking the US Vegan Climate Index, while IGUS.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, VEGN returned 16.04%/yr vs 10.80%/yr for IGUS.L. A 0.57 correlation means they provide meaningful diversification when combined. VEGN charges 0.60%/yr vs 0.20%/yr for IGUS.L.

Performance

VEGN vs. IGUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Vegan Climate ETF (VEGN) and iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VEGN is traded in USD, while IGUS.L is traded in GBp. To make them comparable, the IGUS.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VEGN achieves a 29.30% return, which is significantly higher than IGUS.L's 7.38% return.

VEGN

• 1D: 1.15%
• 1M: 6.90%
• YTD: 29.30%
• 6M: 29.81%
• 1Y: 47.39%
• 3Y*: 27.86%
• 5Y*: 16.04%
• 10Y*: —

IGUS.L

• 1D: 1.90%
• 1M: -0.88%
• YTD: 7.38%
• 6M: 9.31%
• 1Y: 22.57%
• 3Y*: 22.33%
• 5Y*: 10.80%
• 10Y*: 12.93%

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

VEGN vs. IGUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VEGN US Vegan Climate ETF	29.30%	13.71%	25.42%	38.10%	-26.87%	26.01%	27.72%	9.45%
IGUS.L iShares S&P 500 GBP Hedged UCITS ETF	7.38%	26.25%	22.56%	31.05%	-29.08%	27.40%	18.15%	15.66%

Correlation

The correlation between VEGN and IGUS.L is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Sep 10, 2019	0.57

The correlation between VEGN and IGUS.L has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.

VEGN vs. IGUS.L - Sectors Allocation Comparison

Sectors	VEGN	IGUS.L
Technology	63.0%	35.6%
Financial Services	13.3%	11.8%
Communication Services	9.1%	11.2%
Healthcare	4.8%	8.5%
Industrials	4.7%	8.3%
Real Estate	3.1%	1.9%
Consumer Cyclical	1.8%	10.2%
Basic Materials	0.1%	1.8%
Utilities	0.1%	2.3%
Consumer Defensive	0.0%	4.9%
Energy	-	3.5%

Return for Risk

VEGN vs. IGUS.L — Risk / Return Rank

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

VEGN

VEGN Risk / Return Rank: 85
VEGN Sharpe Ratio Rank: 89
VEGN Sortino Ratio Rank: 85
VEGN Omega Ratio Rank: 84
VEGN Calmar Ratio Rank: 82
VEGN Martin Ratio Rank: 84

IGUS.L

IGUS.L Risk / Return Rank: 69
IGUS.L Sharpe Ratio Rank: 68
IGUS.L Sortino Ratio Rank: 73
IGUS.L Omega Ratio Rank: 68
IGUS.L Calmar Ratio Rank: 63
IGUS.L Martin Ratio Rank: 72

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.

VEGN vs. IGUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Vegan Climate ETF (VEGN) and iShares S&P 500 GBP Hedged UCITS ETF (IGUS.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.

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.

	VEGN	IGUS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.57	1.42	+1.14
Sortino ratio: Return per unit of downside risk	3.32	2.16	+1.16
Omega ratio: Gain probability vs. loss probability	1.44	1.25	+0.19
Calmar ratio: Return relative to maximum drawdown	3.82	1.69	+2.13
Martin ratio: Return relative to average drawdown	14.98	6.60	+8.38

VEGN vs. IGUS.L - Sharpe Ratio Comparison

The current VEGN Sharpe Ratio is 2.57, which is higher than the IGUS.L Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of VEGN and IGUS.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.

Drawdowns

VEGN vs. IGUS.L - Drawdown Comparison

The maximum VEGN drawdown since its inception was -34.14%, smaller than the maximum IGUS.L drawdown of -43.75%. Use the drawdown chart below to compare losses from any high point for VEGN and IGUS.L.

Drawdown Indicators

	VEGN	IGUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.14%	-43.75%	+9.61%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	-12.78%	+0.93%
Max Drawdown (3Y) Largest decline over 3 years	-20.91%	-18.55%	-2.36%
Max Drawdown (5Y) Largest decline over 5 years	-33.40%	-40.12%	+6.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.75%	—
Current Drawdown Current decline from peak	-2.71%	-2.74%	+0.03%
Average Drawdown Average peak-to-trough decline	-7.57%	-7.75%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	3.27%	-0.25%

Volatility

VEGN vs. IGUS.L - Volatility Comparison

US Vegan Climate ETF (VEGN) has a higher volatility of 8.77% compared to iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) at 4.25%. This indicates that VEGN's price experiences larger fluctuations and is considered to be riskier than IGUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEGN	IGUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.77%	4.25%	+4.52%
Volatility (6M) Calculated over the trailing 6-month period	15.05%	11.38%	+3.67%
Volatility (1Y) Calculated over the trailing 1-year period	17.62%	15.15%	+2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.48%	20.57%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.87%	21.12%	+1.75%

VEGN vs. IGUS.L - Expense Ratio Comparison

VEGN has a 0.60% expense ratio, which is higher than IGUS.L's 0.20% expense ratio.

Dividends

VEGN vs. IGUS.L - Dividend Comparison

VEGN's dividend yield for the trailing twelve months is around 0.50%, while IGUS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IGUS.L iShares S&P 500 GBP Hedged UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEGN US Vegan Climate ETF	0.50%	0.51%	0.51%	0.67%	0.81%	0.41%	0.71%	0.29%

Frequently Asked Questions

Can I hold both VEGN and IGUS.L in my portfolio?

VEGN and IGUS.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VEGN or IGUS.L?

On fees, IGUS.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, VEGN or IGUS.L?

IGUS.L is cheaper with a 0.20% expense ratio, compared with 0.60% for VEGN.

What is the main difference between VEGN and IGUS.L?

VEGN is categorized as Large Cap Growth Equities, while IGUS.L is S&P 500. VEGN tracks US Vegan Climate Index, while IGUS.L tracks S&P 500 Index. They also come from different issuers: Beyond Investing and iShares. Their fees differ too: 0.60% for VEGN and 0.20% for IGUS.L.