MNZL vs. IUS

Last updated Jul 12, 2026

MNZL (Manzil Russell Halal USA Broad Market ETF) and IUS (Invesco RAFI Strategic US ETF) are both Large Cap Blend Equities funds - MNZL tracks the Russell IdealRatings Manzil Halal USA Broad Market Index while IUS tracks the Invesco Strategic US Index. Both are passively managed. A 0.77 correlation means they provide meaningful diversification when combined. MNZL charges 0.40%/yr vs 0.19%/yr for IUS.

Performance

MNZL vs. IUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Manzil Russell Halal USA Broad Market ETF (MNZL) and Invesco RAFI Strategic US ETF (IUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MNZL having a 18.55% return and IUS slightly lower at 17.86%.

MNZL

• 1D: -0.06%
• 1M: 2.37%
• 6M: 16.46%
• YTD: 18.55%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IUS

• 1D: 0.56%
• 1M: 2.13%
• 6M: 14.47%
• YTD: 17.86%
• 1Y: 30.20%
• 3Y*: 19.89%
• 5Y*: 14.04%
• 10Y*: —

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

MNZL vs. IUS - Yearly Performance Comparison

	2026 (YTD)	2025
MNZL Manzil Russell Halal USA Broad Market ETF	18.55%	3.37%
IUS Invesco RAFI Strategic US ETF	17.86%	3.67%

Correlation

The correlation between MNZL and IUS is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.77

Return for Risk

MNZL vs. IUS — Risk / Return Rank

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

MNZL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IUS

IUS Risk / Return Rank: 93
IUS Sharpe Ratio Rank: 94
IUS Sortino Ratio Rank: 93
IUS Omega Ratio Rank: 93
IUS Calmar Ratio Rank: 92
IUS Martin Ratio Rank: 94

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.

MNZL vs. IUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manzil Russell Halal USA Broad Market ETF (MNZL) and Invesco RAFI Strategic US ETF (IUS). 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.

	MNZL	IUS	Difference
Sharpe ratio: Return per unit of total volatility	—	2.79	—
Sortino ratio: Return per unit of downside risk	—	3.83	—
Omega ratio: Gain probability vs. loss probability	—	1.51	—
Calmar ratio: Return relative to maximum drawdown	—	4.82	—
Martin ratio: Return relative to average drawdown	—	20.02	—

Drawdowns

MNZL vs. IUS - Drawdown Comparison

The maximum MNZL drawdown since its inception was -9.66%, smaller than the maximum IUS drawdown of -34.67%. Use the drawdown chart below to compare losses from any high point for MNZL and IUS.

Drawdown Indicators

	MNZL	IUS	Difference
Max Drawdown Largest peak-to-trough decline	-9.66%	-34.67%	+25.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.72%	—
Current Drawdown Current decline from peak	-1.17%	0.00%	-1.17%
Average Drawdown Average peak-to-trough decline	-1.83%	-3.83%	+2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.49%	—

Volatility

Volatility by Period

	MNZL	IUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	10.61%	+6.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.00%	15.01%	+1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	17.97%	-0.97%

MNZL vs. IUS - Expense Ratio Comparison

MNZL has a 0.40% expense ratio, which is higher than IUS's 0.19% expense ratio.

Dividends

MNZL vs. IUS - Dividend Comparison

MNZL's dividend yield for the trailing twelve months is around 0.03%, less than IUS's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IUS Invesco RAFI Strategic US ETF	1.26%	1.48%	1.52%	1.72%	1.78%	1.46%	1.74%	1.77%	0.73%
MNZL Manzil Russell Halal USA Broad Market ETF	0.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MNZL and IUS in my portfolio?

MNZL and IUS have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MNZL or IUS?

On fees, IUS is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MNZL or IUS?

IUS is cheaper with a 0.19% expense ratio, compared with 0.40% for MNZL.

Which ETF pays a higher dividend yield, MNZL or IUS?

IUS has the higher dividend yield at 1.26%, compared with 0.03% for MNZL.

What is the main difference between MNZL and IUS?

MNZL tracks Russell IdealRatings Manzil Halal USA Broad Market Index, while IUS tracks Invesco Strategic US Index. They also come from different issuers: Manzil and Invesco. Their fees differ too: 0.40% for MNZL and 0.19% for IUS.