MSAU.L vs. LGUS.L
MSAU.L (Invesco MSCI Saudi Arabia ETF) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds - MSAU.L tracks the Invesco MSCI Saudi Arabia ETF while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 5 years, MSAU.L returned 2.06%/yr vs 12.82%/yr for LGUS.L. At a 0.38 correlation, their price movements are largely independent. MSAU.L charges 0.50%/yr vs 0.05%/yr for LGUS.L.
Performance
MSAU.L vs. LGUS.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 LGUS.L's 10.34% 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*
- —
LGUS.L
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 9.90%
- YTD
- 10.34%
- 1Y
- 21.64%
- 3Y*
- 20.40%
- 5Y*
- 12.82%
- 10Y*
- —
MSAU.L vs. LGUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MSAU.L Invesco MSCI Saudi Arabia ETF | 4.13% | -5.73% | 0.20% | 10.06% | -5.65% | 36.12% | 0.47% | 6.13% | 1.74% |
LGUS.L L&G US Equity UCITS ETF | 10.34% | 17.98% | 25.09% | 28.66% | -20.46% | 27.91% | 21.16% | 30.91% | -9.25% |
Correlation
The correlation between MSAU.L and LGUS.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.38 |
The correlation between MSAU.L and LGUS.L shifts across timeframes, from 0.27 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MSAU.L vs. LGUS.L — Risk / Return Rank
MSAU.L
LGUS.L
MSAU.L vs. LGUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Saudi Arabia ETF (MSAU.L) and L&G US Equity UCITS ETF (LGUS.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 | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.32 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 2.59 | -2.27 |
| Martin ratioReturn relative to average drawdown | 0.67 | 9.99 | -9.31 |
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Drawdowns
MSAU.L vs. LGUS.L - Drawdown Comparison
The maximum MSAU.L drawdown since its inception was -42.92%, which is greater than LGUS.L's maximum drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for MSAU.L and LGUS.L.
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Drawdown Indicators
| MSAU.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.92% | -34.26% | -8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -8.58% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -19.46% | +3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -29.84% | -25.64% | -4.20% |
Current DrawdownCurrent decline from peak | -18.51% | -0.49% | -18.02% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -5.30% | -9.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 2.23% | +2.92% |
Volatility
MSAU.L vs. LGUS.L - Volatility Comparison
The current volatility for Invesco MSCI Saudi Arabia ETF (MSAU.L) is 2.49%, while L&G US Equity UCITS ETF (LGUS.L) has a volatility of 2.86%. This indicates that MSAU.L experiences smaller price fluctuations and is considered to be less risky than LGUS.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 | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 2.86% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 9.41% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.32% | 12.47% | +2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 16.51% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 18.10% | +0.66% |
MSAU.L vs. LGUS.L - Expense Ratio Comparison
MSAU.L has a 0.50% expense ratio, which is higher than LGUS.L's 0.05% expense ratio.
Dividends
MSAU.L vs. LGUS.L - Dividend Comparison
Neither MSAU.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
MSAU.L and LGUS.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.50% for MSAU.L.
MSAU.L tracks Invesco MSCI Saudi Arabia ETF, while LGUS.L tracks L&G US Equity UCITS ETF. They also come from different issuers: Invesco and L&G. Their fees differ too: 0.50% for MSAU.L and 0.05% for LGUS.L.
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