IFSU.L vs. MXUS.L

Last updated Jul 16, 2026

IFSU.L (iShares Edge MSCI USA Multifactor UCITS) and MXUS.L (Invesco MSCI USA UCITS ETF) 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 10 years, IFSU.L returned 12.55%/yr vs 15.05%/yr for MXUS.L. Their correlation of 0.91 suggests significant overlap in exposure. IFSU.L charges 0.35%/yr vs 0.05%/yr for MXUS.L.

Performance

IFSU.L vs. MXUS.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 (MXUS.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 MXUS.L's 10.31% return. Over the past 10 years, IFSU.L has underperformed MXUS.L with an annualized return of 12.55%, while MXUS.L has yielded a comparatively higher 15.05% annualized 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%

MXUS.L

• 1D: 0.14%
• 1M: 0.23%
• 6M: 9.97%
• YTD: 10.31%
• 1Y: 21.58%
• 3Y*: 20.27%
• 5Y*: 12.78%
• 10Y*: 15.05%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IFSU.L iShares Edge MSCI USA Multifactor UCITS	12.81%	17.93%	22.52%	17.74%	-16.26%	25.25%	10.40%	25.28%	-10.77%	20.67%
MXUS.L Invesco MSCI USA UCITS ETF	10.31%	17.34%	25.58%	27.83%	-20.03%	27.90%	20.98%	31.00%	-4.94%	20.78%

Correlation

The correlation between IFSU.L and MXUS.L is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Sep 4, 2015	0.91

The correlation between IFSU.L and MXUS.L has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

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

Sectors	IFSU.L	MXUS.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. MXUS.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

MXUS.L

MXUS.L Risk / Return Rank: 68
MXUS.L Sharpe Ratio Rank: 68
MXUS.L Sortino Ratio Rank: 73
MXUS.L Omega Ratio Rank: 67
MXUS.L Calmar Ratio Rank: 63
MXUS.L Martin Ratio Rank: 70

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. MXUS.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 (MXUS.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	MXUS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.78	+0.10
Sortino ratio: Return per unit of downside risk	2.80	2.64	+0.16
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	3.16	2.57	+0.59
Martin ratio: Return relative to average drawdown	11.66	10.29	+1.37

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

The current IFSU.L Sharpe Ratio is 1.88, which is comparable to the MXUS.L Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of IFSU.L and MXUS.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. MXUS.L - Drawdown Comparison

The maximum IFSU.L drawdown since its inception was -35.95%, roughly equal to the maximum MXUS.L drawdown of -34.38%. Use the drawdown chart below to compare losses from any high point for IFSU.L and MXUS.L.

Drawdown Indicators

	IFSU.L	MXUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.95%	-34.38%	-1.57%
Max Drawdown (1Y) Largest decline over 1 year	-7.69%	-8.35%	+0.66%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-18.78%	+0.43%
Max Drawdown (5Y) Largest decline over 5 years	-22.85%	-25.25%	+2.40%
Max Drawdown (10Y) Largest decline over 10 years	-35.95%	-34.38%	-1.57%
Current Drawdown Current decline from peak	-0.17%	-0.45%	+0.28%
Average Drawdown Average peak-to-trough decline	-4.81%	-3.91%	-0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.09%	0.00%

Volatility

IFSU.L vs. MXUS.L - Volatility Comparison

iShares Edge MSCI USA Multifactor UCITS (IFSU.L) and Invesco MSCI USA UCITS ETF (MXUS.L) have volatilities of 2.87% and 2.84%, 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	MXUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	2.84%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	9.31%	+0.29%
Volatility (1Y) Calculated over the trailing 1-year period	12.92%	12.09%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.44%	16.26%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.69%	16.28%	+0.41%

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

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

Dividends

IFSU.L vs. MXUS.L - Dividend Comparison

Neither IFSU.L nor MXUS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.92, IFSU.L and MXUS.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 MXUS.L?

On fees, MXUS.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 MXUS.L?

MXUS.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 MXUS.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 MXUS.L.