MXUS.L vs. BIRDX
MXUS.L (Invesco MSCI USA UCITS ETF) and BIRDX (iShares Developed Real Estate Index Fund) are both funds - MXUS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while BIRDX is a REIT fund managed by BlackRock. Over the past 10 years, MXUS.L returned 15.64%/yr vs 4.01%/yr for BIRDX. At a 0.36 correlation, their price movements are largely independent. MXUS.L charges 0.05%/yr vs 0.19%/yr for BIRDX.
Performance
MXUS.L vs. BIRDX - Performance Comparison
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Returns By Period
In the year-to-date period, MXUS.L achieves a 7.34% return, which is significantly lower than BIRDX's 9.99% return. Over the past 10 years, MXUS.L has outperformed BIRDX with an annualized return of 15.64%, while BIRDX has yielded a comparatively lower 4.01% annualized return.
MXUS.L
- 1D
- -0.77%
- 1M
- -1.81%
- YTD
- 7.34%
- 6M
- 7.04%
- 1Y
- 21.81%
- 3Y*
- 20.87%
- 5Y*
- 12.47%
- 10Y*
- 15.64%
BIRDX
- 1D
- 0.45%
- 1M
- -0.22%
- YTD
- 9.99%
- 6M
- 9.59%
- 1Y
- 14.69%
- 3Y*
- 11.70%
- 5Y*
- 1.94%
- 10Y*
- 4.01%
MXUS.L vs. BIRDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXUS.L Invesco MSCI USA UCITS ETF | 7.34% | 17.34% | 25.58% | 27.83% | -20.03% | 27.90% | 20.98% | 31.00% | -4.94% | 20.78% |
BIRDX iShares Developed Real Estate Index Fund | 9.99% | 10.27% | 1.49% | 10.38% | -24.68% | 26.90% | -8.24% | 22.33% | -4.80% | 7.56% |
Correlation
The correlation between MXUS.L and BIRDX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.36 |
The correlation between MXUS.L and BIRDX shifts across timeframes, from 0.22 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MXUS.L vs. BIRDX — Risk / Return Rank
MXUS.L
BIRDX
MXUS.L vs. BIRDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF (MXUS.L) and iShares Developed Real Estate Index Fund (BIRDX). 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.
| MXUS.L | BIRDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.19 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 1.27 | +1.33 |
| Martin ratioReturn relative to average drawdown | 10.55 | 4.66 | +5.89 |
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Drawdowns
MXUS.L vs. BIRDX - Drawdown Comparison
The maximum MXUS.L drawdown since its inception was -34.38%, smaller than the maximum BIRDX drawdown of -43.03%. Use the drawdown chart below to compare losses from any high point for MXUS.L and BIRDX.
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Drawdown Indicators
| MXUS.L | BIRDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.38% | -43.03% | +8.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -10.04% | +1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -27.40% | +8.62% |
Max Drawdown (5Y)Largest decline over 5 years | -25.25% | -32.54% | +7.29% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | -43.03% | +8.65% |
Current DrawdownCurrent decline from peak | -3.14% | -3.94% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -10.81% | +6.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.73% | -0.67% |
Volatility
MXUS.L vs. BIRDX - Volatility Comparison
Invesco MSCI USA UCITS ETF (MXUS.L) and iShares Developed Real Estate Index Fund (BIRDX) have volatilities of 3.99% and 4.19%, 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.
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Volatility by Period
| MXUS.L | BIRDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 4.19% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 9.41% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 12.21% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 19.29% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 19.09% | -2.77% |
MXUS.L vs. BIRDX - Expense Ratio Comparison
MXUS.L has a 0.05% expense ratio, which is lower than BIRDX's 0.19% 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
MXUS.L vs. BIRDX - Dividend Comparison
MXUS.L has not paid dividends to shareholders, while BIRDX's dividend yield for the trailing twelve months is around 6.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIRDX iShares Developed Real Estate Index Fund | 6.46% | 6.84% | 23.69% | 2.99% | 1.24% | 4.18% | 1.91% | 6.67% | 4.18% | 1.70% | 2.24% |
MXUS.L Invesco MSCI USA UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MXUS.L and BIRDX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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