MXFS.L vs. IBIT
MXFS.L (Invesco MSCI Emerging Markets UCITS ETF Acc) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - MXFS.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Total Return (Net) Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, MXFS.L returned 52.52% vs -39.60% for IBIT. At a 0.26 correlation, their price movements are largely independent. MXFS.L charges 0.19%/yr vs 0.25%/yr for IBIT.
Performance
MXFS.L vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, MXFS.L achieves a 25.90% return, which is significantly higher than IBIT's -27.45% return.
MXFS.L
- 1D
- -1.64%
- 1M
- 5.43%
- YTD
- 25.90%
- 6M
- 29.15%
- 1Y
- 52.52%
- 3Y*
- 23.85%
- 5Y*
- 7.19%
- 10Y*
- 10.25%
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MXFS.L vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MXFS.L Invesco MSCI Emerging Markets UCITS ETF Acc | 25.90% | 33.98% | 10.96% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between MXFS.L and IBIT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.26 |
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Return for Risk
MXFS.L vs. IBIT — Risk / Return Rank
MXFS.L
IBIT
MXFS.L vs. IBIT - 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 Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.56 | ||
| Sortino ratioReturn per unit of downside risk | +4.79 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.86 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | -0.80 | +4.90 |
| Martin ratioReturn relative to average drawdown | 15.00 | -1.39 | +16.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MXFS.L | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | -0.91 | +3.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.27 | +0.05 |
Drawdowns
MXFS.L vs. IBIT - Drawdown Comparison
The maximum MXFS.L drawdown since its inception was -39.81%, smaller than the maximum IBIT drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for MXFS.L and IBIT.
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Drawdown Indicators
| MXFS.L | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.81% | -49.47% | +9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -12.76% | -49.47% | +36.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.78% | — | — |
Current DrawdownCurrent decline from peak | -2.80% | -49.47% | +46.67% |
Average DrawdownAverage peak-to-trough decline | -15.32% | -16.07% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 28.61% | -25.12% |
Volatility
MXFS.L vs. IBIT - Volatility Comparison
The current volatility for Invesco MSCI Emerging Markets UCITS ETF Acc (MXFS.L) is 8.67%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.14%. This indicates that MXFS.L experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXFS.L | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.67% | 9.14% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 17.03% | 33.89% | -16.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 43.76% | -23.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 50.18% | -30.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 50.18% | -29.56% |
MXFS.L vs. IBIT - Expense Ratio Comparison
MXFS.L has a 0.19% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MXFS.L vs. IBIT - Dividend Comparison
Neither MXFS.L nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
MXFS.L and IBIT have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MXFS.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MXFS.L is cheaper with a 0.19% expense ratio, compared with 0.25% for IBIT.
MXFS.L is categorized as Emerging Markets Equities, while IBIT is Cryptocurrency. MXFS.L tracks MSCI Emerging Markets Total Return (Net) Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for MXFS.L and 0.25% for IBIT.
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