MXUS.L vs. QUAL
Compare and contrast key facts about Invesco MSCI USA UCITS ETF (MXUS.L) and iShares Edge MSCI USA Quality Factor ETF (QUAL).
MXUS.L and QUAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MXUS.L is a passively managed fund by Invesco that tracks the performance of the Russell 1000 TR USD. It was launched on Mar 31, 2009. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality Index. It was launched on Jul 16, 2013. Both MXUS.L and QUAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MXUS.L or QUAL.
Key characteristics
| MXUS.L | QUAL | |
|---|---|---|
| YTD Return | 18.15% | 20.69% |
| 1Y Return | 26.77% | 29.50% |
| 3Y Return (Ann) | 8.79% | 10.05% |
| 5Y Return (Ann) | 15.01% | 15.29% |
| 10Y Return (Ann) | 12.57% | 13.22% |
| Sharpe Ratio | 2.22 | 2.28 |
| Daily Std Dev | 12.44% | 13.29% |
| Max Drawdown | -34.38% | -34.06% |
| Current Drawdown | -0.34% | -0.54% |
Correlation
The correlation between MXUS.L and QUAL is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MXUS.L vs. QUAL - Performance Comparison
In the year-to-date period, MXUS.L achieves a 18.15% return, which is significantly lower than QUAL's 20.69% return. Over the past 10 years, MXUS.L has underperformed QUAL with an annualized return of 12.57%, while QUAL has yielded a comparatively higher 13.22% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MXUS.L vs. QUAL - Expense Ratio Comparison
MXUS.L has a 0.05% expense ratio, which is lower than QUAL's 0.15% 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%.
Risk-Adjusted Performance
MXUS.L vs. QUAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF (MXUS.L) and iShares Edge MSCI USA Quality Factor ETF (QUAL). 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.
Dividends
MXUS.L vs. QUAL - Dividend Comparison
MXUS.L has not paid dividends to shareholders, while QUAL's dividend yield for the trailing twelve months is around 1.00%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
QUAL iShares Edge MSCI USA Quality Factor ETF | 1.00% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% | 1.35% | 0.63% |
Drawdowns
MXUS.L vs. QUAL - Drawdown Comparison
The maximum MXUS.L drawdown since its inception was -34.38%, roughly equal to the maximum QUAL drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for MXUS.L and QUAL. For additional features, visit the drawdowns tool.
Volatility
MXUS.L vs. QUAL - Volatility Comparison
Invesco MSCI USA UCITS ETF (MXUS.L) has a higher volatility of 3.95% compared to iShares Edge MSCI USA Quality Factor ETF (QUAL) at 3.74%. This indicates that MXUS.L's price experiences larger fluctuations and is considered to be riskier than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.