MXFS.L vs. EMVL.L

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco MSCI Emerging Markets UCITS ETF Acc (MXFS.L) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L).

MXFS.L and EMVL.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MXFS.L is a passively managed fund by Invesco that tracks the performance of the MSCI Emerging Markets Total Return (Net) Index. It was launched on Apr 26, 2010. EMVL.L is a passively managed fund by iShares that tracks the performance of the MSCI EM NR USD. It was launched on Dec 6, 2018. Both MXFS.L and EMVL.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MXFS.L vs. EMVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Emerging Markets UCITS ETF Acc (MXFS.L) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L). The values are adjusted to include any dividend payments, if applicable.

MXFS.L vs. EMVL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MXFS.L Invesco MSCI Emerging Markets UCITS ETF Acc	0.65%	33.98%	7.21%	7.99%	-19.20%	-3.47%	18.07%	17.95%
EMVL.L iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)	8.35%	43.13%	14.48%	18.38%	-16.29%	5.29%	7.16%	17.77%

Returns By Period

In the year-to-date period, MXFS.L achieves a 0.65% return, which is significantly lower than EMVL.L's 8.35% return.

MXFS.L

• 1D: 0.37%
• 1M: -11.56%
• YTD: 0.65%
• 6M: 5.48%
• 1Y: 30.59%
• 3Y*: 14.89%
• 5Y*: 3.22%
• 10Y*: 7.57%

EMVL.L

• 1D: -0.45%
• 1M: -11.65%
• YTD: 8.35%
• 6M: 20.44%
• 1Y: 49.86%
• 3Y*: 25.87%
• 5Y*: 10.77%
• 10Y*: —

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

MXFS.L vs. EMVL.L - Expense Ratio Comparison

MXFS.L has a 0.19% expense ratio, which is lower than EMVL.L's 0.40% expense ratio.

EMVL.L

iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)

MXFS.L

Invesco MSCI Emerging Markets UCITS ETF Acc

Return for Risk

MXFS.L vs. EMVL.L — Risk / Return Rank

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

MXFS.L

MXFS.L Risk / Return Rank: 79
MXFS.L Sharpe Ratio Rank: 82
MXFS.L Sortino Ratio Rank: 80
MXFS.L Omega Ratio Rank: 78
MXFS.L Calmar Ratio Rank: 80
MXFS.L Martin Ratio Rank: 76

EMVL.L

EMVL.L Risk / Return Rank: 95
EMVL.L Sharpe Ratio Rank: 96
EMVL.L Sortino Ratio Rank: 95
EMVL.L Omega Ratio Rank: 94
EMVL.L Calmar Ratio Rank: 96
EMVL.L 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.

MXFS.L vs. EMVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Emerging Markets UCITS ETF Acc (MXFS.L) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.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.

	MXFS.L	EMVL.L	Difference
Sharpe ratio Return per unit of total volatility	1.62	2.47	-0.85
Sortino ratio Return per unit of downside risk	2.12	2.99	-0.87
Omega ratio Gain probability vs. loss probability	1.30	1.44	-0.14
Calmar ratio Return relative to maximum drawdown	2.29	4.20	-1.91
Martin ratio Return relative to average drawdown	8.28	14.46	-6.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXFS.L vs. EMVL.L - Sharpe Ratio Comparison

The current MXFS.L Sharpe Ratio is 1.62, which is lower than the EMVL.L Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of MXFS.L and EMVL.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MXFS.L	EMVL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	2.47	-0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.55	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.62	-0.38

Correlation

The correlation between MXFS.L and EMVL.L is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MXFS.L vs. EMVL.L - Dividend Comparison

Neither MXFS.L nor EMVL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

MXFS.L vs. EMVL.L - Drawdown Comparison

The maximum MXFS.L drawdown since its inception was -39.81%, which is greater than EMVL.L's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for MXFS.L and EMVL.L.

Drawdown Indicators

	MXFS.L	EMVL.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.81%	-34.95%	-4.86%
Max Drawdown (1Y) Largest decline over 1 year	-12.76%	-12.92%	+0.16%
Max Drawdown (5Y) Largest decline over 5 years	-37.38%	-34.95%	-2.43%
Max Drawdown (10Y) Largest decline over 10 years	-39.78%	—	—
Current Drawdown Current decline from peak	-12.43%	-11.65%	-0.78%
Average Drawdown Average peak-to-trough decline	-15.48%	-10.19%	-5.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	3.39%	+0.14%

Volatility

MXFS.L vs. EMVL.L - Volatility Comparison

The current volatility for Invesco MSCI Emerging Markets UCITS ETF Acc (MXFS.L) is 8.93%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (EMVL.L) has a volatility of 9.44%. This indicates that MXFS.L experiences smaller price fluctuations and is considered to be less risky than EMVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXFS.L	EMVL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.93%	9.44%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	13.52%	15.00%	-1.48%
Volatility (1Y) Calculated over the trailing 1-year period	18.83%	19.98%	-1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.97%	19.43%	-0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	21.98%	-1.61%