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CU2G.L vs. MXUD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CU2G.L vs. MXUD.L

Last updated Jun 5, 2026

CU2G.L (Amundi MSCI USA UCITS USD) and MXUD.L (Invesco MSCI USA UCITS ETF Dist) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from Amundi and Invesco respectively. Both are passively managed. Over the past 5 years, CU2G.L returned 13.15%/yr vs 14.83%/yr for MXUD.L. Their correlation of 0.90 suggests significant overlap in exposure. CU2G.L charges 0.18%/yr vs 0.05%/yr for MXUD.L.

Performance

CU2G.L vs. MXUD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI USA UCITS USD (CU2G.L) and Invesco MSCI USA UCITS ETF Dist (MXUD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CU2G.L is traded in GBp, while MXUD.L is traded in USD. To make them comparable, the MXUD.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CU2G.L achieves a 12.62% return, which is significantly higher than MXUD.L's 10.85% return.

CU2G.L

1D
0.42%
1M
7.90%
YTD
12.62%
6M
13.09%
1Y
29.11%
3Y*
16.81%
5Y*
13.15%
10Y*
15.30%

MXUD.L

1D
0.01%
1M
5.65%
YTD
10.85%
6M
10.32%
1Y
28.94%
3Y*
19.44%
5Y*
14.83%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CU2G.L vs. MXUD.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
CU2G.L
Amundi MSCI USA UCITS USD		12.62%6.37%21.31%20.11%-10.63%29.15%16.42%1.28%
MXUD.L
Invesco MSCI USA UCITS ETF Dist		10.85%9.07%27.65%21.47%-10.39%28.01%15.33%0.70%

Correlation

The correlation between CU2G.L and MXUD.L is 0.75, 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

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.86

Correlation (5Y)
Calculated over the trailing 5-year period

0.88

Correlation (All Time)
Calculated using the full available price history since Nov 18, 2019

0.90

The correlation between CU2G.L and MXUD.L shifts across timeframes, from 0.75 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

CU2G.L vs. MXUD.L - Sectors Allocation Comparison

Sectors
CU2G.L
MXUD.L

Technology

29.4%
35.4%

Healthcare

13.0%
8.6%

Financial Services

11.7%
11.6%

Consumer Cyclical

11.0%
10.1%

Communication Services

8.8%
11.3%

Industrials

8.4%
8.6%

Consumer Defensive

6.3%
4.8%

Energy

4.4%
3.6%

Real Estate

2.5%
1.9%

Utilities

2.3%
2.3%

Basic Materials

2.3%
1.8%

Technology

CU2G.L
29.4%
MXUD.L
35.4%

Healthcare

CU2G.L
13.0%
MXUD.L
8.6%

Financial Services

CU2G.L
11.7%
MXUD.L
11.6%

Consumer Cyclical

CU2G.L
11.0%
MXUD.L
10.1%

Communication Services

CU2G.L
8.8%
MXUD.L
11.3%

Industrials

CU2G.L
8.4%
MXUD.L
8.6%

Consumer Defensive

CU2G.L
6.3%
MXUD.L
4.8%

Energy

CU2G.L
4.4%
MXUD.L
3.6%

Real Estate

CU2G.L
2.5%
MXUD.L
1.9%

Utilities

CU2G.L
2.3%
MXUD.L
2.3%

Basic Materials

CU2G.L
2.3%
MXUD.L
1.8%

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Amundi MSCI USA UCITS USD

Invesco MSCI USA UCITS ETF Dist

Often compared with CU2G.L:
CU2G.L vs. CSPX.LCU2G.L vs. CSP1.LCU2G.L vs. VWRD.LCU2G.L vs. SPYL.DECU2G.L vs. 500U.LCU2G.L vs. 500G.LCU2G.L vs. ACWL.L
Often compared with MXUD.L:
MXUD.L vs. SPY5.LMXUD.L vs. CAPS.LMXUD.L vs. MVEA.LMXUD.L vs. BBUS.LMXUD.L vs. FRUE.LMXUD.L vs. ISDU.LMXUD.L vs. XMVU.L

Return for Risk

CU2G.L vs. MXUD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CU2G.L
CU2G.L Risk / Return Rank: 7070
Overall Rank
CU2G.L Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
CU2G.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
CU2G.L Omega Ratio Rank: 7777
Omega Ratio Rank
CU2G.L Calmar Ratio Rank: 6060
Calmar Ratio Rank
CU2G.L Martin Ratio Rank: 6060
Martin Ratio Rank
MXUD.L
MXUD.L Risk / Return Rank: 7373
Overall Rank
MXUD.L Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
MXUD.L Sortino Ratio Rank: 7878
Sortino Ratio Rank
MXUD.L Omega Ratio Rank: 7474
Omega Ratio Rank
MXUD.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
MXUD.L Martin Ratio Rank: 7575
Martin Ratio Rank
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.

CU2G.L vs. MXUD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI USA UCITS USD (CU2G.L) and Invesco MSCI USA UCITS ETF Dist (MXUD.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.

CU2G.LMXUD.LDifference
Sharpe ratioReturn per unit of total volatility
2.47
2.41

+0.06

Sortino ratioReturn per unit of downside risk
3.27
3.26

+0.02

Omega ratioGain probability vs. loss probability

1.45

1.44

+0.01

Calmar ratioReturn relative to maximum drawdown

2.92

3.82

-0.90

Martin ratioReturn relative to average drawdown

10.54

12.47

-1.93

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CU2G.L vs. MXUD.L - Sharpe Ratio Comparison

The current CU2G.L Sharpe Ratio is 2.47, which is comparable to the MXUD.L Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of CU2G.L and MXUD.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.

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Sharpe Ratios by Period

CU2G.LMXUD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.47

2.41

+0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

0.95

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.98

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.01

0.86

+0.15

Drawdowns

CU2G.L vs. MXUD.L - Drawdown Comparison

The maximum CU2G.L drawdown since its inception was -25.96%, roughly equal to the maximum MXUD.L drawdown of -26.88%. Use the drawdown chart below to compare losses from any high point for CU2G.L and MXUD.L.

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Drawdown Indicators

CU2G.LMXUD.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.96%

-26.88%

+0.92%

Max Drawdown (1Y)

Largest decline over 1 year

-9.93%

-7.54%

-2.39%

Max Drawdown (3Y)

Largest decline over 3 years

-21.81%

-21.48%

-0.33%

Max Drawdown (5Y)

Largest decline over 5 years

-21.81%

-21.48%

-0.33%

Max Drawdown (10Y)

Largest decline over 10 years

-25.96%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.08%

+0.08%

Average Drawdown

Average peak-to-trough decline

-3.66%

-3.96%

+0.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.76%

2.32%

+0.44%

Volatility

CU2G.L vs. MXUD.L - Volatility Comparison

The current volatility for Amundi MSCI USA UCITS USD (CU2G.L) is 3.20%, while Invesco MSCI USA UCITS ETF Dist (MXUD.L) has a volatility of 3.55%. This indicates that CU2G.L experiences smaller price fluctuations and is considered to be less risky than MXUD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CU2G.LMXUD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.20%

3.55%

-0.35%

Volatility (6M)

Calculated over the trailing 6-month period

8.39%

8.62%

-0.23%

Volatility (1Y)

Calculated over the trailing 1-year period

11.71%

11.93%

-0.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.57%

15.67%

-1.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.75%

17.70%

-1.95%

CU2G.L vs. MXUD.L - Expense Ratio Comparison

CU2G.L has a 0.18% expense ratio, which is higher than MXUD.L's 0.05% 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

CU2G.L vs. MXUD.L - Dividend Comparison

CU2G.L has not paid dividends to shareholders, while MXUD.L's dividend yield for the trailing twelve months is around 1.05%.

PositionTTM20252024202320222021
CU2G.L
Amundi MSCI USA UCITS USD		0.00%0.00%0.00%0.00%0.00%0.00%
MXUD.L
Invesco MSCI USA UCITS ETF Dist		1.05%1.14%1.30%1.47%1.66%0.62%

Frequently Asked Questions

CU2G.L and MXUD.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MXUD.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MXUD.L is cheaper with a 0.05% expense ratio, compared with 0.18% for CU2G.L.

Both ETFs track Russell 1000 TR USD. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.18% for CU2G.L and 0.05% for MXUD.L.

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