MXUS.L vs. IGDA.L

Last updated Jun 5, 2026

MXUS.L (Invesco MSCI USA UCITS ETF) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both exchange-traded funds - MXUS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, MXUS.L returned 22.47%/yr vs 21.23%/yr for IGDA.L. Their correlation of 0.87 suggests significant overlap in exposure. MXUS.L charges 0.05%/yr vs 0.40%/yr for IGDA.L.

Performance

MXUS.L vs. IGDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI USA UCITS ETF (MXUS.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXUS.L achieves a 10.31% return, which is significantly lower than IGDA.L's 15.04% 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%

IGDA.L

• 1D: -0.48%
• 1M: 6.32%
• YTD: 15.04%
• 6M: 15.93%
• 1Y: 34.82%
• 3Y*: 21.23%
• 5Y*: —
• 10Y*: —

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

MXUS.L vs. IGDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MXUS.L Invesco MSCI USA UCITS ETF	10.31%	17.34%	25.57%	27.84%	-11.81%
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	15.04%	18.74%	17.94%	29.72%	-14.30%

Correlation

The correlation between MXUS.L and IGDA.L is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.87

The correlation between MXUS.L and IGDA.L has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

MXUS.L vs. IGDA.L - Sectors Allocation Comparison

Sectors	MXUS.L	IGDA.L
Technology	35.4%	41.4%
Financial Services	11.6%	2.1%
Communication Services	11.3%	9.4%
Consumer Cyclical	10.1%	10.8%
Healthcare	8.6%	11.3%
Industrials	8.6%	10.8%
Consumer Defensive	4.8%	4.7%
Energy	3.6%	3.6%
Utilities	2.3%	0.3%
Real Estate	1.9%	1.0%
Basic Materials	1.8%	4.7%

Return for Risk

MXUS.L vs. IGDA.L — Risk / Return Rank

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

MXUS.L

MXUS.L Risk / Return Rank: 74
MXUS.L Sharpe Ratio Rank: 74
MXUS.L Sortino Ratio Rank: 78
MXUS.L Omega Ratio Rank: 74
MXUS.L Calmar Ratio Rank: 68
MXUS.L Martin Ratio Rank: 75

IGDA.L

IGDA.L Risk / Return Rank: 76
IGDA.L Sharpe Ratio Rank: 77
IGDA.L Sortino Ratio Rank: 79
IGDA.L Omega Ratio Rank: 74
IGDA.L Calmar Ratio Rank: 73
IGDA.L Martin Ratio Rank: 79

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.

MXUS.L vs. IGDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF (MXUS.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.

	MXUS.L	IGDA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.47	-0.10
Sortino ratio: Return per unit of downside risk	3.44	3.51	-0.08
Omega ratio: Gain probability vs. loss probability	1.43	1.44	0.00
Calmar ratio: Return relative to maximum drawdown	3.31	3.57	-0.26
Martin ratio: Return relative to average drawdown	14.01	15.24	-1.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXUS.L vs. IGDA.L - Sharpe Ratio Comparison

The current MXUS.L Sharpe Ratio is 2.37, which is comparable to the IGDA.L Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of MXUS.L and IGDA.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

	MXUS.L	IGDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.47	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.85	+0.10

Drawdowns

MXUS.L vs. IGDA.L - Drawdown Comparison

The maximum MXUS.L drawdown since its inception was -34.38%, which is greater than IGDA.L's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for MXUS.L and IGDA.L.

Drawdown Indicators

	MXUS.L	IGDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.38%	-24.18%	-10.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-9.71%	+1.36%
Max Drawdown (3Y) Largest decline over 3 years	-18.78%	-20.12%	+1.34%
Max Drawdown (5Y) Largest decline over 5 years	-25.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.38%	—	—
Current Drawdown Current decline from peak	-0.45%	-1.17%	+0.72%
Average Drawdown Average peak-to-trough decline	-3.83%	-5.19%	+1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.28%	-0.30%

Volatility

MXUS.L vs. IGDA.L - Volatility Comparison

The current volatility for Invesco MSCI USA UCITS ETF (MXUS.L) is 3.20%, while Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a volatility of 4.65%. This indicates that MXUS.L experiences smaller price fluctuations and is considered to be less risky than IGDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXUS.L	IGDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	4.65%	-1.45%
Volatility (6M) Calculated over the trailing 6-month period	8.55%	10.78%	-2.23%
Volatility (1Y) Calculated over the trailing 1-year period	11.64%	14.04%	-2.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.19%	18.64%	-2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.42%	18.64%	-2.22%

MXUS.L vs. IGDA.L - Expense Ratio Comparison

MXUS.L has a 0.05% expense ratio, which is lower than IGDA.L's 0.40% expense ratio.

Dividends

MXUS.L vs. IGDA.L - Dividend Comparison

Neither MXUS.L nor IGDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MXUS.L and IGDA.L in my portfolio?

With a correlation of 0.94, MXUS.L and IGDA.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, MXUS.L or IGDA.L?

On fees, MXUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MXUS.L or IGDA.L?

MXUS.L is cheaper with a 0.05% expense ratio, compared with 0.40% for IGDA.L.

What is the main difference between MXUS.L and IGDA.L?

MXUS.L is categorized as Large Cap Blend Equities, while IGDA.L is Global Equities. MXUS.L tracks Russell 1000 TR USD, while IGDA.L tracks Dow Jones Islamic Market Developed Markets Index. Their fees differ too: 0.05% for MXUS.L and 0.40% for IGDA.L.