MXFS.L vs. WTAI

Last updated Jun 5, 2026

MXFS.L (Invesco MSCI Emerging Markets UCITS ETF Acc) and WTAI (WisdomTree Artificial Intelligence and Innovation Fund) are both exchange-traded funds - MXFS.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Total Return (Net) Index, while WTAI is a Technology Equities fund tracking the WisdomTree Artificial Intelligence & Innovation Index. Both are passively managed. Over the past 3 years, MXFS.L returned 23.85%/yr vs 36.38%/yr for WTAI. A 0.51 correlation means they provide meaningful diversification when combined. MXFS.L charges 0.19%/yr vs 0.45%/yr for WTAI.

Performance

MXFS.L vs. WTAI - 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 WisdomTree Artificial Intelligence and Innovation Fund (WTAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXFS.L achieves a 25.90% return, which is significantly lower than WTAI's 57.45% 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%

WTAI

• 1D: -1.48%
• 1M: 19.79%
• YTD: 57.45%
• 6M: 56.30%
• 1Y: 105.11%
• 3Y*: 36.38%
• 5Y*: —
• 10Y*: —

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

MXFS.L vs. WTAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MXFS.L Invesco MSCI Emerging Markets UCITS ETF Acc	25.90%	33.98%	7.21%	7.99%	-19.20%	-1.04%
WTAI WisdomTree Artificial Intelligence and Innovation Fund	57.45%	34.83%	6.53%	46.32%	-42.27%	-0.83%

Correlation

The correlation between MXFS.L and WTAI is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021	0.51

The correlation between MXFS.L and WTAI shifts across timeframes, from 0.51 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.

MXFS.L vs. WTAI - Sectors Allocation Comparison

Sectors	MXFS.L	WTAI
Technology	35.4%	71.6%
Financial Services	20.3%	3.8%
Consumer Cyclical	9.3%	8.3%
Basic Materials	7.2%	-
Communication Services	6.9%	7.2%
Industrials	6.8%	5.6%
Energy	3.8%	-
Consumer Defensive	3.1%	0.4%
Healthcare	3.0%	-
Utilities	2.3%	0.9%
Real Estate	1.1%	-

Return for Risk

MXFS.L vs. WTAI — 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

WTAI

WTAI Risk / Return Rank: 92
WTAI Sharpe Ratio Rank: 95
WTAI Sortino Ratio Rank: 90
WTAI Omega Ratio Rank: 89
WTAI Calmar Ratio Rank: 93
WTAI Martin Ratio Rank: 91

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. WTAI - 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 WisdomTree Artificial Intelligence and Innovation Fund (WTAI). 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	WTAI	Difference
Sharpe ratio: Return per unit of total volatility	2.65	3.72	-1.07
Sortino ratio: Return per unit of downside risk	3.52	4.17	-0.64
Omega ratio: Gain probability vs. loss probability	1.48	1.55	-0.08
Calmar ratio: Return relative to maximum drawdown	4.10	6.85	-2.76
Martin ratio: Return relative to average drawdown	15.00	21.87	-6.87
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. WTAI - Sharpe Ratio Comparison

The current MXFS.L Sharpe Ratio is 2.65, which is comparable to the WTAI Sharpe Ratio of 3.72. The chart below compares the historical Sharpe Ratios of MXFS.L and WTAI, 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	WTAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	3.72	-1.07
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	0.50	-0.18

Drawdowns

MXFS.L vs. WTAI - Drawdown Comparison

The maximum MXFS.L drawdown since its inception was -39.81%, smaller than the maximum WTAI drawdown of -45.92%. Use the drawdown chart below to compare losses from any high point for MXFS.L and WTAI.

Drawdown Indicators

	MXFS.L	WTAI	Difference
Max Drawdown Largest peak-to-trough decline	-39.81%	-45.92%	+6.11%
Max Drawdown (1Y) Largest decline over 1 year	-12.76%	-15.42%	+2.66%
Max Drawdown (3Y) Largest decline over 3 years	-16.92%	-31.83%	+14.91%
Max Drawdown (5Y) Largest decline over 5 years	-37.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.78%	—	—
Current Drawdown Current decline from peak	-2.80%	-2.36%	-0.44%
Average Drawdown Average peak-to-trough decline	-15.32%	-19.79%	+4.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	4.82%	-1.33%

Volatility

MXFS.L vs. WTAI - Volatility Comparison

The current volatility for Invesco MSCI Emerging Markets UCITS ETF Acc (MXFS.L) is 8.67%, while WisdomTree Artificial Intelligence and Innovation Fund (WTAI) has a volatility of 10.70%. This indicates that MXFS.L experiences smaller price fluctuations and is considered to be less risky than WTAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXFS.L	WTAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.67%	10.70%	-2.03%
Volatility (6M) Calculated over the trailing 6-month period	17.03%	22.78%	-5.75%
Volatility (1Y) Calculated over the trailing 1-year period	19.77%	28.43%	-8.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.62%	30.98%	-11.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.62%	30.98%	-10.36%

MXFS.L vs. WTAI - Expense Ratio Comparison

MXFS.L has a 0.19% expense ratio, which is lower than WTAI's 0.45% expense ratio.

Dividends

MXFS.L vs. WTAI - Dividend Comparison

MXFS.L has not paid dividends to shareholders, while WTAI's dividend yield for the trailing twelve months is around 1.15%.

Position	TTM	2025	2024	2023	2022
MXFS.L Invesco MSCI Emerging Markets UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%
WTAI WisdomTree Artificial Intelligence and Innovation Fund	1.15%	1.81%	0.19%	0.24%	0.22%

Frequently Asked Questions

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

MXFS.L and WTAI have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MXFS.L or WTAI?

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 WTAI?

MXFS.L is cheaper with a 0.19% expense ratio, compared with 0.45% for WTAI.

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

MXFS.L is categorized as Emerging Markets Equities, while WTAI is Technology Equities. MXFS.L tracks MSCI Emerging Markets Total Return (Net) Index, while WTAI tracks WisdomTree Artificial Intelligence & Innovation Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.19% for MXFS.L and 0.45% for WTAI.