IFSU.L vs. MXUD.L

Last updated Jul 16, 2026

IFSU.L (iShares Edge MSCI USA Multifactor UCITS) and MXUD.L (Invesco MSCI USA UCITS ETF Dist) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from iShares and Invesco respectively. Both are passively managed. Over the past 5 years, IFSU.L returned 11.84%/yr vs 12.77%/yr for MXUD.L. Their correlation of 0.94 suggests significant overlap in exposure. IFSU.L charges 0.35%/yr vs 0.05%/yr for MXUD.L.

Performance

IFSU.L vs. MXUD.L - Performance Comparison

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

Returns By Period

In the year-to-date period, IFSU.L achieves a 12.81% return, which is significantly higher than MXUD.L's 10.28% return.

IFSU.L

• 1D: 0.06%
• 1M: 0.93%
• 6M: 13.47%
• YTD: 12.81%
• 1Y: 24.39%
• 3Y*: 19.62%
• 5Y*: 11.84%
• 10Y*: 12.55%

MXUD.L

• 1D: 0.19%
• 1M: 0.15%
• 6M: 9.83%
• YTD: 10.28%
• 1Y: 21.54%
• 3Y*: 20.28%
• 5Y*: 12.77%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IFSU.L iShares Edge MSCI USA Multifactor UCITS	12.81%	17.93%	22.52%	17.74%	-16.26%	25.25%	10.40%	3.21%
MXUD.L Invesco MSCI USA UCITS ETF Dist	10.28%	17.43%	25.46%	27.85%	-19.90%	27.77%	20.86%	4.74%

Correlation

The correlation between IFSU.L and MXUD.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Nov 11, 2019	0.94

The correlation between IFSU.L and MXUD.L has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

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

Sectors	IFSU.L	MXUD.L
Technology	40.0%	38.9%
Communication Services	11.8%	10.7%
Financial Services	11.5%	10.9%
Consumer Cyclical	10.7%	9.9%
Healthcare	8.7%	8.4%
Industrials	5.0%	8.1%
Consumer Defensive	4.1%	4.4%
Energy	3.7%	3.2%
Utilities	1.9%	2.0%
Basic Materials	1.5%	1.7%
Real Estate	1.2%	1.8%

Return for Risk

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

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

IFSU.L

IFSU.L Risk / Return Rank: 75
IFSU.L Sharpe Ratio Rank: 73
IFSU.L Sortino Ratio Rank: 78
IFSU.L Omega Ratio Rank: 70
IFSU.L Calmar Ratio Rank: 77
IFSU.L Martin Ratio Rank: 78

MXUD.L

MXUD.L Risk / Return Rank: 67
MXUD.L Sharpe Ratio Rank: 67
MXUD.L Sortino Ratio Rank: 72
MXUD.L Omega Ratio Rank: 65
MXUD.L Calmar Ratio Rank: 62
MXUD.L Martin Ratio Rank: 71

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Multifactor UCITS (IFSU.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.

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.

	IFSU.L	MXUD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.76	+0.12
Sortino ratio: Return per unit of downside risk	2.80	2.61	+0.19
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	3.16	2.54	+0.62
Martin ratio: Return relative to average drawdown	11.66	10.31	+1.35

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

The current IFSU.L Sharpe Ratio is 1.88, which is comparable to the MXUD.L Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of IFSU.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.

Drawdowns

IFSU.L vs. MXUD.L - Drawdown Comparison

The maximum IFSU.L drawdown since its inception was -35.95%, roughly equal to the maximum MXUD.L drawdown of -34.42%. Use the drawdown chart below to compare losses from any high point for IFSU.L and MXUD.L.

Drawdown Indicators

	IFSU.L	MXUD.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.95%	-34.42%	-1.53%
Max Drawdown (1Y) Largest decline over 1 year	-7.69%	-8.44%	+0.75%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-19.43%	+1.08%
Max Drawdown (5Y) Largest decline over 5 years	-22.85%	-25.22%	+2.37%
Max Drawdown (10Y) Largest decline over 10 years	-35.95%	—	—
Current Drawdown Current decline from peak	-0.17%	-0.55%	+0.38%
Average Drawdown Average peak-to-trough decline	-4.81%	-5.61%	+0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.08%	+0.01%

Volatility

IFSU.L vs. MXUD.L - Volatility Comparison

iShares Edge MSCI USA Multifactor UCITS (IFSU.L) and Invesco MSCI USA UCITS ETF Dist (MXUD.L) have volatilities of 2.87% and 2.97%, 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

	IFSU.L	MXUD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	2.97%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	9.40%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	12.92%	12.16%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.44%	16.31%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.69%	18.23%	-1.54%

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

IFSU.L has a 0.35% expense ratio, which is higher than MXUD.L's 0.05% expense ratio.

Dividends

IFSU.L vs. MXUD.L - Dividend Comparison

IFSU.L has not paid dividends to shareholders, while MXUD.L's dividend yield for the trailing twelve months is around 1.07%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IFSU.L iShares Edge MSCI USA Multifactor UCITS	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MXUD.L Invesco MSCI USA UCITS ETF Dist	1.07%	1.13%	1.30%	1.47%	1.66%	1.27%	1.47%	0.20%

Frequently Asked Questions

Can I hold both IFSU.L and MXUD.L in my portfolio?

With a correlation of 0.93, IFSU.L and MXUD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, IFSU.L or MXUD.L?

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.

Which ETF is cheaper, IFSU.L or MXUD.L?

MXUD.L is cheaper with a 0.05% expense ratio, compared with 0.35% for IFSU.L.

What is the main difference between IFSU.L and MXUD.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for IFSU.L and 0.05% for MXUD.L.