MSAU.L vs. VPAC.L
MSAU.L (Invesco MSCI Saudi Arabia ETF) and VPAC.L (Invesco Variable Rate Preferred Shares UCITS ETF USD) are both Global Equities funds from Invesco - MSAU.L tracks the Invesco MSCI Saudi Arabia ETF while VPAC.L tracks the Invesco Variable Rate Preferred Shares UCITS ETF USD. Both are passively managed. Over the past 5 years, MSAU.L returned 2.06%/yr vs 3.51%/yr for VPAC.L. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
MSAU.L vs. VPAC.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 higher than VPAC.L's 2.04% 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*
- —
VPAC.L
- 1D
- -0.12%
- 1M
- 0.03%
- 6M
- 1.83%
- YTD
- 2.04%
- 1Y
- 5.32%
- 3Y*
- 8.42%
- 5Y*
- 3.51%
- 10Y*
- —
MSAU.L vs. VPAC.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% | 0.00% |
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD | 2.04% | 6.34% | 10.84% | 9.27% | -9.70% | 3.64% | 4.81% | 17.14% | -1.27% |
Correlation
The correlation between MSAU.L and VPAC.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2018 | 0.26 |
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Return for Risk
MSAU.L vs. VPAC.L — Risk / Return Rank
MSAU.L
VPAC.L
MSAU.L vs. VPAC.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 Variable Rate Preferred Shares UCITS ETF USD (VPAC.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 | VPAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.32 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 2.54 | -2.23 |
| Martin ratioReturn relative to average drawdown | 0.67 | 9.98 | -9.31 |
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Drawdowns
MSAU.L vs. VPAC.L - Drawdown Comparison
The maximum MSAU.L drawdown since its inception was -42.92%, which is greater than VPAC.L's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for MSAU.L and VPAC.L.
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Drawdown Indicators
| MSAU.L | VPAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.92% | -34.25% | -8.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -2.02% | -8.88% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -3.40% | -12.63% |
Max Drawdown (5Y)Largest decline over 5 years | -29.84% | -13.89% | -15.95% |
Current DrawdownCurrent decline from peak | -18.51% | -0.33% | -18.18% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -3.14% | -11.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 0.52% | +4.63% |
Volatility
MSAU.L vs. VPAC.L - Volatility Comparison
Invesco MSCI Saudi Arabia ETF (MSAU.L) has a higher volatility of 2.49% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.L) at 0.74%. This indicates that MSAU.L's price experiences larger fluctuations and is considered to be riskier than VPAC.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 | VPAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 0.74% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 2.28% | +8.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.32% | 3.17% | +12.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 5.30% | +10.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 11.00% | +7.76% |
MSAU.L vs. VPAC.L - Expense Ratio Comparison
Both MSAU.L and VPAC.L have an expense ratio of 0.50%.
Dividends
MSAU.L vs. VPAC.L - Dividend Comparison
Neither MSAU.L nor VPAC.L has paid dividends to shareholders.
Frequently Asked Questions
MSAU.L and VPAC.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MSAU.L and VPAC.L have the same expense ratio: 0.50% per year.
MSAU.L tracks Invesco MSCI Saudi Arabia ETF, while VPAC.L tracks Invesco Variable Rate Preferred Shares UCITS ETF USD.
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