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 15.33%/yr vs 3.55%/yr for BIRDX. At a 0.37 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 10.31% return, which is significantly higher than BIRDX's 6.90% return. Over the past 10 years, MXUS.L has outperformed BIRDX with an annualized return of 15.33%, while BIRDX has yielded a comparatively lower 3.55% annualized return.
MXUS.L
- 1D
- 0.02%
- 1M
- 4.59%
- YTD
- 10.31%
- 6M
- 10.99%
- 1Y
- 27.75%
- 3Y*
- 22.47%
- 5Y*
- 13.58%
- 10Y*
- 15.33%
BIRDX
- 1D
- -0.35%
- 1M
- -2.37%
- YTD
- 6.90%
- 6M
- 7.13%
- 1Y
- 11.60%
- 3Y*
- 9.40%
- 5Y*
- 1.46%
- 10Y*
- 3.55%
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 | 10.31% | 17.34% | 25.57% | 27.84% | -20.03% | 27.90% | 20.98% | 31.00% | -5.44% | 21.42% |
BIRDX iShares Developed Real Estate Index Fund | 6.90% | 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 | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.37 |
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.
| MXUS.L | BIRDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.18 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 1.17 | +2.13 |
| Martin ratioReturn relative to average drawdown | 14.01 | 4.38 | +9.62 |
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
| MXUS.L | BIRDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 0.99 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.08 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.19 | +0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.22 | +0.72 |
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 | -0.45% | -6.64% | +6.19% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -10.85% | +7.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.68% | -0.70% |
Volatility
MXUS.L vs. BIRDX - Volatility Comparison
The current volatility for Invesco MSCI USA UCITS ETF (MXUS.L) is 3.20%, while iShares Developed Real Estate Index Fund (BIRDX) has a volatility of 3.62%. This indicates that MXUS.L experiences smaller price fluctuations and is considered to be less risky than BIRDX based on this measure. 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 | 3.20% | 3.62% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 8.92% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 11.87% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 19.27% | -3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.42% | 19.09% | -2.67% |
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 6.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIRDX iShares Developed Real Estate Index Fund | 6.65% | 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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