XUSE.AS vs. VOOG

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI World ex-USA UCITS ETF (XUSE.AS) and Vanguard S&P 500 Growth ETF (VOOG).

XUSE.AS and VOOG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XUSE.AS is a passively managed fund by iShares that tracks the performance of the MSCI World ex USA Index. It was launched on Jan 24, 2025. VOOG is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Growth Index. It was launched on Apr 5, 2019. Both XUSE.AS and VOOG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XUSE.AS vs. VOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World ex-USA UCITS ETF (XUSE.AS) and Vanguard S&P 500 Growth ETF (VOOG). The values are adjusted to include any dividend payments, if applicable.

XUSE.AS vs. VOOG - Yearly Performance Comparison

	2026 (YTD)	2025
XUSE.AS iShares MSCI World ex-USA UCITS ETF	2.29%	25.69%
VOOG Vanguard S&P 500 Growth ETF	-6.97%	18.44%

Returns By Period

In the year-to-date period, XUSE.AS achieves a 2.29% return, which is significantly higher than VOOG's -6.97% return.

XUSE.AS

• 1D: 3.69%
• 1M: -3.95%
• YTD: 2.29%
• 6M: 7.60%
• 1Y: 26.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOOG

• 1D: 1.30%
• 1M: -4.28%
• YTD: -6.97%
• 6M: -5.29%
• 1Y: 23.21%
• 3Y*: 22.32%
• 5Y*: 12.46%
• 10Y*: 15.86%

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

XUSE.AS vs. VOOG - Expense Ratio Comparison

XUSE.AS has a 0.25% expense ratio, which is higher than VOOG's 0.07% 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%.

XUSE.AS

iShares MSCI World ex-USA UCITS ETF

VOOG

Vanguard S&P 500 Growth ETF

Return for Risk

XUSE.AS vs. VOOG — Risk / Return Rank

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

XUSE.AS

XUSE.AS Risk / Return Rank: 85
XUSE.AS Sharpe Ratio Rank: 82
XUSE.AS Sortino Ratio Rank: 82
XUSE.AS Omega Ratio Rank: 80
XUSE.AS Calmar Ratio Rank: 91
XUSE.AS Martin Ratio Rank: 92

VOOG

VOOG Risk / Return Rank: 62
VOOG Sharpe Ratio Rank: 57
VOOG Sortino Ratio Rank: 61
VOOG Omega Ratio Rank: 60
VOOG Calmar Ratio Rank: 67
VOOG Martin Ratio Rank: 66

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.

XUSE.AS vs. VOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ex-USA UCITS ETF (XUSE.AS) and Vanguard S&P 500 Growth ETF (VOOG). 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.

	XUSE.AS	VOOG	Difference
Sharpe ratio Return per unit of total volatility	1.63	1.05	+0.58
Sortino ratio Return per unit of downside risk	2.21	1.62	+0.59
Omega ratio Gain probability vs. loss probability	1.32	1.23	+0.09
Calmar ratio Return relative to maximum drawdown	3.37	1.76	+1.61
Martin ratio Return relative to average drawdown	13.52	6.81	+6.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XUSE.AS vs. VOOG - Sharpe Ratio Comparison

The current XUSE.AS Sharpe Ratio is 1.63, which is higher than the VOOG Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of XUSE.AS and VOOG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XUSE.AS	VOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	1.05	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	0.84	+0.64

Correlation

The correlation between XUSE.AS and VOOG is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XUSE.AS vs. VOOG - Dividend Comparison

XUSE.AS has not paid dividends to shareholders, while VOOG's dividend yield for the trailing twelve months is around 0.53%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XUSE.AS iShares MSCI World ex-USA 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%
VOOG Vanguard S&P 500 Growth ETF	0.53%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%

Drawdowns

XUSE.AS vs. VOOG - Drawdown Comparison

The maximum XUSE.AS drawdown since its inception was -12.97%, smaller than the maximum VOOG drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for XUSE.AS and VOOG.

Drawdown Indicators

	XUSE.AS	VOOG	Difference
Max Drawdown Largest peak-to-trough decline	-12.97%	-32.73%	+19.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.54%	-13.71%	+3.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.73%	—
Current Drawdown Current decline from peak	-6.24%	-9.07%	+2.83%
Average Drawdown Average peak-to-trough decline	-1.59%	-5.01%	+3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	3.54%	-0.92%

Volatility

XUSE.AS vs. VOOG - Volatility Comparison

iShares MSCI World ex-USA UCITS ETF (XUSE.AS) and Vanguard S&P 500 Growth ETF (VOOG) have volatilities of 6.99% and 7.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XUSE.AS	VOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.99%	7.28%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	10.82%	12.68%	-1.86%
Volatility (1Y) Calculated over the trailing 1-year period	15.94%	22.28%	-6.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.06%	21.16%	-5.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.06%	20.65%	-4.59%