MXUD.L vs. LGUS.L

Last updated Jul 18, 2026

MXUD.L (Invesco MSCI USA UCITS ETF Dist) and LGUS.L (L&G US Equity UCITS ETF USD (Acc)) are both Large Cap Blend Equities funds - MXUD.L tracks the Russell 1000 TR USD while LGUS.L tracks the Solactive Core United States Large & Mid Cap Index NTR. Both are passively managed. Over the past 5 years, MXUD.L returned 12.51%/yr vs 12.54%/yr for LGUS.L. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.05% expense ratio.

Performance

MXUD.L vs. LGUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI USA UCITS ETF Dist (MXUD.L) and L&G US Equity UCITS ETF USD (Acc) (LGUS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MXUD.L having a 9.03% return and LGUS.L slightly lower at 9.01%.

MXUD.L

• 1D: -1.19%
• 1M: -0.34%
• 6M: 8.12%
• YTD: 9.03%
• 1Y: 19.77%
• 3Y*: 19.62%
• 5Y*: 12.51%
• 10Y*: —

LGUS.L

• 1D: -1.30%
• 1M: -0.36%
• 6M: 8.07%
• YTD: 9.01%
• 1Y: 19.79%
• 3Y*: 19.73%
• 5Y*: 12.54%
• 10Y*: —

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

MXUD.L vs. LGUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MXUD.L Invesco MSCI USA UCITS ETF Dist	9.03%	17.43%	25.46%	27.85%	-19.90%	27.77%	20.86%	4.74%
LGUS.L L&G US Equity UCITS ETF USD (Acc)	9.01%	17.98%	25.09%	28.66%	-20.46%	27.91%	21.16%	4.77%

Correlation

The correlation between MXUD.L and LGUS.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Nov 11, 2019	0.97

The correlation between MXUD.L and LGUS.L has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

MXUD.L vs. LGUS.L — Risk / Return Rank

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

MXUD.L

MXUD.L Risk / Return Rank: 65
MXUD.L Sharpe Ratio Rank: 64
MXUD.L Sortino Ratio Rank: 68
MXUD.L Omega Ratio Rank: 63
MXUD.L Calmar Ratio Rank: 61
MXUD.L Martin Ratio Rank: 70

LGUS.L

LGUS.L Risk / Return Rank: 65
LGUS.L Sharpe Ratio Rank: 64
LGUS.L Sortino Ratio Rank: 69
LGUS.L Omega Ratio Rank: 61
LGUS.L Calmar Ratio Rank: 62
LGUS.L Martin Ratio Rank: 67

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.

MXUD.L vs. LGUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF Dist (MXUD.L) and L&G US Equity UCITS ETF USD (Acc) (LGUS.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.

	MXUD.L	LGUS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.58	+0.04
Sortino ratio: Return per unit of downside risk	2.40	2.39	+0.01
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	2.33	2.30	+0.04
Martin ratio: Return relative to average drawdown	9.45	8.84	+0.61

MXUD.L vs. LGUS.L - Sharpe Ratio Comparison

The current MXUD.L Sharpe Ratio is 1.62, which is comparable to the LGUS.L Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of MXUD.L and LGUS.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.

Drawdowns

MXUD.L vs. LGUS.L - Drawdown Comparison

The maximum MXUD.L drawdown since its inception was -34.42%, roughly equal to the maximum LGUS.L drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for MXUD.L and LGUS.L.

Drawdown Indicators

	MXUD.L	LGUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.42%	-34.26%	-0.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-8.58%	+0.14%
Max Drawdown (3Y) Largest decline over 3 years	-19.43%	-19.46%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-25.22%	-25.64%	+0.42%
Current Drawdown Current decline from peak	-1.68%	-1.69%	+0.01%
Average Drawdown Average peak-to-trough decline	-5.60%	-5.29%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.23%	-0.14%

Volatility

MXUD.L vs. LGUS.L - Volatility Comparison

Invesco MSCI USA UCITS ETF Dist (MXUD.L) and L&G US Equity UCITS ETF USD (Acc) (LGUS.L) have volatilities of 3.16% and 3.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXUD.L	LGUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	3.15%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.45%	9.50%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.21%	12.53%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.31%	16.52%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	18.10%	+0.13%

MXUD.L vs. LGUS.L - Expense Ratio Comparison

Both MXUD.L and LGUS.L have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

MXUD.L vs. LGUS.L - Dividend Comparison

MXUD.L's dividend yield for the trailing twelve months is around 1.08%, while LGUS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
LGUS.L L&G US Equity UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MXUD.L Invesco MSCI USA UCITS ETF Dist	1.08%	1.13%	1.30%	1.47%	1.66%	1.27%	1.47%	0.20%

Frequently Asked Questions

Can I hold both MXUD.L and LGUS.L in my portfolio?

With a correlation of 0.97, MXUD.L and LGUS.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, MXUD.L or LGUS.L?

Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MXUD.L or LGUS.L?

MXUD.L and LGUS.L have the same expense ratio: 0.05% per year.

What is the main difference between MXUD.L and LGUS.L?

MXUD.L tracks Russell 1000 TR USD, while LGUS.L tracks Solactive Core United States Large & Mid Cap Index NTR. They also come from different issuers: Invesco and L&G.