MSAU.L vs. IGDA.L
MSAU.L (Invesco MSCI Saudi Arabia ETF) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both Global Equities funds from Invesco - MSAU.L tracks the Invesco MSCI Saudi Arabia ETF while IGDA.L tracks the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, MSAU.L returned -0.44%/yr vs 18.23%/yr for IGDA.L. At a 0.37 correlation, their price movements are largely independent. MSAU.L charges 0.50%/yr vs 0.40%/yr for IGDA.L.
Performance
MSAU.L vs. IGDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, MSAU.L achieves a 4.13% return, which is significantly lower than IGDA.L's 12.26% return.
MSAU.L
- 1D
- 0.31%
- 1M
- -2.96%
- 6M
- -1.63%
- YTD
- 4.13%
- 1Y
- 3.11%
- 3Y*
- -0.44%
- 5Y*
- 2.06%
- 10Y*
- —
IGDA.L
- 1D
- -0.23%
- 1M
- -1.78%
- 6M
- 10.83%
- YTD
- 12.26%
- 1Y
- 25.93%
- 3Y*
- 18.23%
- 5Y*
- —
- 10Y*
- —
MSAU.L vs. IGDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSAU.L Invesco MSCI Saudi Arabia ETF | 4.13% | -5.73% | 0.20% | 10.06% | -7.19% |
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc | 12.26% | 18.76% | 17.94% | 29.70% | -20.97% |
Correlation
The correlation between MSAU.L and IGDA.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022 | 0.37 |
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Return for Risk
MSAU.L vs. IGDA.L — Risk / Return Rank
MSAU.L
IGDA.L
MSAU.L vs. IGDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Saudi Arabia ETF (MSAU.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.
| MSAU.L | IGDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.31 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 2.66 | -2.35 |
| Martin ratioReturn relative to average drawdown | 0.67 | 10.04 | -9.37 |
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Drawdowns
MSAU.L vs. IGDA.L - Drawdown Comparison
The maximum MSAU.L drawdown since its inception was -42.92%, which is greater than IGDA.L's maximum drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for MSAU.L and IGDA.L.
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Drawdown Indicators
| MSAU.L | IGDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.92% | -27.14% | -15.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -9.69% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -20.14% | +4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -29.84% | — | — |
Current DrawdownCurrent decline from peak | -18.51% | -3.55% | -14.96% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -6.96% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 2.58% | +2.57% |
Volatility
MSAU.L vs. IGDA.L - Volatility Comparison
The current volatility for Invesco MSCI Saudi Arabia ETF (MSAU.L) is 2.49%, while Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a volatility of 4.17%. This indicates that MSAU.L experiences smaller price fluctuations and is considered to be less risky than IGDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSAU.L | IGDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 4.17% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 11.86% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.32% | 14.79% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 17.67% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 17.67% | +1.09% |
MSAU.L vs. IGDA.L - Expense Ratio Comparison
MSAU.L has a 0.50% expense ratio, which is higher than IGDA.L's 0.40% expense ratio.
Dividends
MSAU.L vs. IGDA.L - Dividend Comparison
Neither MSAU.L nor IGDA.L has paid dividends to shareholders.
Frequently Asked Questions
MSAU.L and IGDA.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGDA.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGDA.L is cheaper with a 0.40% expense ratio, compared with 0.50% for MSAU.L.
MSAU.L tracks Invesco MSCI Saudi Arabia ETF, while IGDA.L tracks Dow Jones Islamic Market Developed Markets Index. Their fees differ too: 0.50% for MSAU.L and 0.40% for IGDA.L.
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