ESES.L vs. UFSD.L
ESES.L (Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc)) and UFSD.L (iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist)) are both exchange-traded funds - ESES.L is a Emerging Markets Equities fund tracking the MSCI EM Universal Select Business Screens Index, while UFSD.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, ESES.L returned 6.99%/yr vs 12.11%/yr for UFSD.L. At a 0.46 correlation, their price movements are largely independent. ESES.L charges 0.19%/yr vs 0.35%/yr for UFSD.L.
Performance
ESES.L vs. UFSD.L - Performance Comparison
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Different Trading Currencies
ESES.L is traded in GBp, while UFSD.L is traded in USD. To make them comparable, the UFSD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESES.L achieves a 20.07% return, which is significantly higher than UFSD.L's 11.85% return.
ESES.L
- 1D
- -1.40%
- 1M
- -8.29%
- 6M
- 13.84%
- YTD
- 20.07%
- 1Y
- 35.10%
- 3Y*
- 18.07%
- 5Y*
- 6.99%
- 10Y*
- —
UFSD.L
- 1D
- -0.72%
- 1M
- -0.83%
- 6M
- 11.49%
- YTD
- 11.85%
- 1Y
- 22.34%
- 3Y*
- 17.59%
- 5Y*
- 12.11%
- 10Y*
- —
ESES.L vs. UFSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESES.L Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) | 20.07% | 24.05% | 7.54% | 2.94% | -11.14% | 6,848.44% |
UFSD.L iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist) | 11.85% | 9.70% | 24.54% | 11.75% | -6.16% | 11.27% |
Correlation
The correlation between ESES.L and UFSD.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2021 | 0.46 |
The correlation between ESES.L and UFSD.L has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.
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Return for Risk
ESES.L vs. UFSD.L — Risk / Return Rank
ESES.L
UFSD.L
ESES.L vs. UFSD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.L) and iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist) (UFSD.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.
| ESES.L | UFSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 2.80 | +0.44 |
| Martin ratioReturn relative to average drawdown | 9.91 | 7.76 | +2.15 |
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Drawdowns
ESES.L vs. UFSD.L - Drawdown Comparison
The maximum ESES.L drawdown since its inception was -23.59%, smaller than the maximum UFSD.L drawdown of -28.04%. Use the drawdown chart below to compare losses from any high point for ESES.L and UFSD.L.
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Drawdown Indicators
| ESES.L | UFSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.59% | -28.04% | +4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -7.94% | -2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -23.59% | -20.47% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -23.59% | -20.47% | -3.12% |
Current DrawdownCurrent decline from peak | -10.05% | -1.50% | -8.55% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -4.32% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 2.87% | +0.66% |
Volatility
ESES.L vs. UFSD.L - Volatility Comparison
Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.L) has a higher volatility of 7.19% compared to iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist) (UFSD.L) at 3.11%. This indicates that ESES.L's price experiences larger fluctuations and is considered to be riskier than UFSD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESES.L | UFSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 3.11% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 17.05% | 9.58% | +7.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 12.53% | +6.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.67% | 15.58% | +6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,195.40% | 17.13% | +3,178.27% |
ESES.L vs. UFSD.L - Expense Ratio Comparison
ESES.L has a 0.19% expense ratio, which is lower than UFSD.L's 0.35% expense ratio.
Dividends
ESES.L vs. UFSD.L - Dividend Comparison
ESES.L has not paid dividends to shareholders, while UFSD.L's dividend yield for the trailing twelve months is around 0.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESES.L Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UFSD.L iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist) | 0.79% | 0.89% | 0.86% | 1.12% | 1.51% | 0.75% | 1.11% | 1.41% | 1.23% |
Frequently Asked Questions
ESES.L and UFSD.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESES.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESES.L is cheaper with a 0.19% expense ratio, compared with 0.35% for UFSD.L.
ESES.L is categorized as Emerging Markets Equities, while UFSD.L is Large Cap Blend Equities. ESES.L tracks MSCI EM Universal Select Business Screens Index, while UFSD.L tracks Russell 1000 TR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for ESES.L and 0.35% for UFSD.L.
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