ESUS.L vs. MVEA.L

Last updated Jun 5, 2026

ESUS.L (Invesco MSCI USA ESG Universal Screened UCITS ETF Dist) and MVEA.L (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from Invesco and iShares respectively. Both are passively managed. Over the past 3 years, ESUS.L returned 19.05%/yr vs 6.81%/yr for MVEA.L. A 0.76 correlation means they provide meaningful diversification when combined. ESUS.L charges 0.09%/yr vs 0.20%/yr for MVEA.L.

Performance

ESUS.L vs. MVEA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI USA ESG Universal Screened UCITS ETF Dist (ESUS.L) and iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESUS.L is traded in GBp, while MVEA.L is traded in GBP. To make them comparable, the MVEA.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ESUS.L achieves a 11.78% return, which is significantly higher than MVEA.L's 1.73% return.

ESUS.L

• 1D: -0.39%
• 1M: 6.07%
• YTD: 11.78%
• 6M: 11.13%
• 1Y: 28.60%
• 3Y*: 19.05%
• 5Y*: —
• 10Y*: —

MVEA.L

• 1D: 0.03%
• 1M: 3.05%
• YTD: 1.73%
• 6M: 1.61%
• 1Y: 3.60%
• 3Y*: 6.81%
• 5Y*: 7.01%
• 10Y*: —

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

ESUS.L vs. MVEA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ESUS.L Invesco MSCI USA ESG Universal Screened UCITS ETF Dist	11.78%	7.49%	26.65%	21.14%	-12.50%	10.31%
MVEA.L iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF	1.73%	-2.72%	14.94%	6.35%	-1.55%	9.01%

Correlation

The correlation between ESUS.L and MVEA.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Aug 13, 2021	0.76

Over the past year, the correlation between ESUS.L and MVEA.L has dropped to 0.49 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

ESUS.L vs. MVEA.L — Risk / Return Rank

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

ESUS.L

ESUS.L Risk / Return Rank: 77
ESUS.L Sharpe Ratio Rank: 82
ESUS.L Sortino Ratio Rank: 81
ESUS.L Omega Ratio Rank: 82
ESUS.L Calmar Ratio Rank: 71
ESUS.L Martin Ratio Rank: 68

MVEA.L

MVEA.L Risk / Return Rank: 16
MVEA.L Sharpe Ratio Rank: 16
MVEA.L Sortino Ratio Rank: 15
MVEA.L Omega Ratio Rank: 15
MVEA.L Calmar Ratio Rank: 17
MVEA.L Martin Ratio Rank: 17

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.

ESUS.L vs. MVEA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA ESG Universal Screened UCITS ETF Dist (ESUS.L) and iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.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.

	ESUS.L	MVEA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.64	0.42	+2.22
Sortino ratio: Return per unit of downside risk	3.56	0.65	+2.91
Omega ratio: Gain probability vs. loss probability	1.48	1.08	+0.41
Calmar ratio: Return relative to maximum drawdown	3.51	0.66	+2.85
Martin ratio: Return relative to average drawdown	12.38	1.64	+10.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESUS.L vs. MVEA.L - Sharpe Ratio Comparison

The current ESUS.L Sharpe Ratio is 2.64, which is higher than the MVEA.L Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of ESUS.L and MVEA.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.

Sharpe Ratios by Period

	ESUS.L	MVEA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	0.42	+2.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.62	+0.24

Drawdowns

ESUS.L vs. MVEA.L - Drawdown Comparison

The maximum ESUS.L drawdown since its inception was -21.43%, which is greater than MVEA.L's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for ESUS.L and MVEA.L.

Drawdown Indicators

	ESUS.L	MVEA.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.43%	-14.36%	-7.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.11%	-5.43%	-2.68%
Max Drawdown (3Y) Largest decline over 3 years	-21.43%	-14.36%	-7.07%
Max Drawdown (5Y) Largest decline over 5 years	—	-14.36%	—
Current Drawdown Current decline from peak	-0.39%	-6.95%	+6.56%
Average Drawdown Average peak-to-trough decline	-4.92%	-4.43%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	2.19%	+0.11%

Volatility

ESUS.L vs. MVEA.L - Volatility Comparison

Invesco MSCI USA ESG Universal Screened UCITS ETF Dist (ESUS.L) and iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L) have volatilities of 2.84% and 2.87%, 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

	ESUS.L	MVEA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	2.87%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.60%	6.11%	+1.49%
Volatility (1Y) Calculated over the trailing 1-year period	10.80%	8.60%	+2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.87%	11.61%	+3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.87%	11.94%	+2.93%

ESUS.L vs. MVEA.L - Expense Ratio Comparison

ESUS.L has a 0.09% expense ratio, which is lower than MVEA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ESUS.L vs. MVEA.L - Dividend Comparison

ESUS.L's dividend yield for the trailing twelve months is around 0.83%, while MVEA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
ESUS.L Invesco MSCI USA ESG Universal Screened UCITS ETF Dist	0.83%	0.90%	0.96%	1.19%	1.36%	0.33%
MVEA.L iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESUS.L and MVEA.L in my portfolio?

ESUS.L and MVEA.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESUS.L or MVEA.L?

On fees, ESUS.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESUS.L or MVEA.L?

ESUS.L is cheaper with a 0.09% expense ratio, compared with 0.20% for MVEA.L.

What is the main difference between ESUS.L and MVEA.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.09% for ESUS.L and 0.20% for MVEA.L.