MXFS.L vs. UC79.L

Last updated Jun 5, 2026

MXFS.L (Invesco MSCI Emerging Markets UCITS ETF Acc) and UC79.L (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) are both Emerging Markets Equities funds - MXFS.L tracks the MSCI Emerging Markets Total Return (Net) Index while UC79.L tracks the MSCI EM NR USD. Both are passively managed. Over the past 10 years, MXFS.L returned 10.25%/yr vs 9.78%/yr for UC79.L. Their correlation of 0.81 suggests significant overlap in exposure. MXFS.L charges 0.19%/yr vs 0.27%/yr for UC79.L.

Performance

MXFS.L vs. UC79.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 UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UC79.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MXFS.L is traded in USD, while UC79.L is traded in GBp. To make them comparable, the UC79.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MXFS.L achieves a 25.90% return, which is significantly lower than UC79.L's 32.92% return. Both investments have delivered pretty close results over the past 10 years, with MXFS.L having a 10.25% annualized return and UC79.L not far behind at 9.78%.

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%

UC79.L

• 1D: -1.59%
• 1M: 7.70%
• YTD: 32.92%
• 6M: 36.28%
• 1Y: 63.06%
• 3Y*: 27.56%
• 5Y*: 9.08%
• 10Y*: 9.78%

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

MXFS.L vs. UC79.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MXFS.L Invesco MSCI Emerging Markets UCITS ETF Acc	25.90%	33.98%	7.21%	7.99%	-19.20%	-3.47%	18.07%	19.21%	-15.38%	35.57%
UC79.L UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis	32.92%	36.53%	9.03%	6.48%	-21.18%	-0.58%	16.74%	10.98%	-10.94%	31.85%

Correlation

The correlation between MXFS.L and UC79.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Sep 5, 2014	0.81

The correlation between MXFS.L and UC79.L shifts across timeframes, from 0.81 (all time) to 0.92 (3 years), reflecting how their relationship changes across market environments.

MXFS.L vs. UC79.L - Sectors Allocation Comparison

Sectors	MXFS.L	UC79.L
Technology	35.4%	38.0%
Financial Services	20.3%	22.6%
Consumer Cyclical	9.3%	11.0%
Basic Materials	7.2%	3.3%
Communication Services	6.9%	8.0%
Industrials	6.8%	8.3%
Energy	3.8%	0.2%
Consumer Defensive	3.1%	2.8%
Healthcare	3.0%	3.6%
Utilities	2.3%	1.0%
Real Estate	1.1%	1.3%

Return for Risk

MXFS.L vs. UC79.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: 80
MXFS.L Sharpe Ratio Rank: 83
MXFS.L Sortino Ratio Rank: 80
MXFS.L Omega Ratio Rank: 81
MXFS.L Calmar Ratio Rank: 80
MXFS.L Martin Ratio Rank: 78

UC79.L

UC79.L Risk / Return Rank: 52
UC79.L Sharpe Ratio Rank: 42
UC79.L Sortino Ratio Rank: 47
UC79.L Omega Ratio Rank: 90
UC79.L Calmar Ratio Rank: 51
UC79.L Martin Ratio Rank: 31

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. UC79.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 UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UC79.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	UC79.L	Difference
Sharpe ratio: Return per unit of total volatility	2.65	1.39	+1.26
Sortino ratio: Return per unit of downside risk	3.52	2.21	+1.32
Omega ratio: Gain probability vs. loss probability	1.48	1.51	-0.03
Calmar ratio: Return relative to maximum drawdown	4.10	2.31	+1.78
Martin ratio: Return relative to average drawdown	15.00	4.45	+10.55
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. UC79.L - Sharpe Ratio Comparison

The current MXFS.L Sharpe Ratio is 2.65, which is higher than the UC79.L Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of MXFS.L and UC79.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MXFS.L	UC79.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	1.39	+1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.34	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.37	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.08	+0.24

Drawdowns

MXFS.L vs. UC79.L - Drawdown Comparison

The maximum MXFS.L drawdown since its inception was -39.81%, smaller than the maximum UC79.L drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for MXFS.L and UC79.L.

Drawdown Indicators

	MXFS.L	UC79.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.81%	-58.96%	+19.15%
Max Drawdown (1Y) Largest decline over 1 year	-12.76%	-27.11%	+14.35%
Max Drawdown (3Y) Largest decline over 3 years	-16.92%	-27.11%	+10.19%
Max Drawdown (5Y) Largest decline over 5 years	-37.18%	-36.83%	-0.35%
Max Drawdown (10Y) Largest decline over 10 years	-39.78%	-45.20%	+5.42%
Current Drawdown Current decline from peak	-2.80%	-2.76%	-0.04%
Average Drawdown Average peak-to-trough decline	-15.32%	-34.81%	+19.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	14.13%	-10.64%

Volatility

MXFS.L vs. UC79.L - Volatility Comparison

The current volatility for Invesco MSCI Emerging Markets UCITS ETF Acc (MXFS.L) is 8.67%, while UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UC79.L) has a volatility of 9.25%. This indicates that MXFS.L experiences smaller price fluctuations and is considered to be less risky than UC79.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXFS.L	UC79.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.67%	9.25%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	17.03%	17.02%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	19.77%	45.29%	-25.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.62%	26.67%	-7.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.62%	26.16%	-5.54%

MXFS.L vs. UC79.L - Expense Ratio Comparison

MXFS.L has a 0.19% expense ratio, which is lower than UC79.L's 0.27% 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. UC79.L - Dividend Comparison

MXFS.L has not paid dividends to shareholders, while UC79.L's dividend yield for the trailing twelve months is around 1.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MXFS.L Invesco MSCI Emerging Markets UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UC79.L UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis	1.59%	2.14%	1.79%	2.38%	2.06%	1.35%	1.81%	2.11%	2.11%	1.97%	2.15%	1.60%

Frequently Asked Questions

Can I hold both MXFS.L and UC79.L in my portfolio?

With a correlation of 0.90, MXFS.L and UC79.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MXFS.L or UC79.L?

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.

Which ETF is cheaper, MXFS.L or UC79.L?

MXFS.L is cheaper with a 0.19% expense ratio, compared with 0.27% for UC79.L.

What is the main difference between MXFS.L and UC79.L?

MXFS.L tracks MSCI Emerging Markets Total Return (Net) Index, while UC79.L tracks MSCI EM NR USD. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.19% for MXFS.L and 0.27% for UC79.L.