UFSD.L vs. ESES.L
UFSD.L (iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist)) and ESES.L (Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc)) are both exchange-traded funds - UFSD.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while ESES.L is a Emerging Markets Equities fund tracking the MSCI EM Universal Select Business Screens Index. Both are passively managed. Over the past 5 years, UFSD.L returned 11.60%/yr vs 6.51%/yr for ESES.L. A 0.56 correlation means they provide meaningful diversification when combined. UFSD.L charges 0.35%/yr vs 0.19%/yr for ESES.L.
Performance
UFSD.L vs. ESES.L - Performance Comparison
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Different Trading Currencies
UFSD.L is traded in USD, while ESES.L is traded in GBp. To make them comparable, the ESES.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, UFSD.L achieves a 11.69% return, which is significantly lower than ESES.L's 20.00% return.
UFSD.L
- 1D
- -0.89%
- 1M
- 0.41%
- 6M
- 12.14%
- YTD
- 11.69%
- 1Y
- 22.68%
- 3Y*
- 18.83%
- 5Y*
- 11.60%
- 10Y*
- —
ESES.L
- 1D
- -1.61%
- 1M
- -7.19%
- 6M
- 14.45%
- YTD
- 20.00%
- 1Y
- 35.44%
- 3Y*
- 19.30%
- 5Y*
- 6.51%
- 10Y*
- —
UFSD.L vs. ESES.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UFSD.L iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist) | 11.69% | 18.12% | 22.40% | 17.63% | -16.13% | 9.15% |
ESES.L Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) | 20.00% | 33.41% | 5.75% | 8.37% | -20.64% | 6,714.49% |
Correlation
The correlation between UFSD.L and ESES.L is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2021 | 0.56 |
The correlation between UFSD.L and ESES.L has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
UFSD.L vs. ESES.L — Risk / Return Rank
UFSD.L
ESES.L
UFSD.L vs. ESES.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist) (UFSD.L) and Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.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.
| UFSD.L | ESES.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 2.69 | +0.30 |
| Martin ratioReturn relative to average drawdown | 11.19 | 9.13 | +2.06 |
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Drawdowns
UFSD.L vs. ESES.L - Drawdown Comparison
The maximum UFSD.L drawdown since its inception was -35.74%, roughly equal to the maximum ESES.L drawdown of -35.50%. Use the drawdown chart below to compare losses from any high point for UFSD.L and ESES.L.
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Drawdown Indicators
| UFSD.L | ESES.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.74% | -35.50% | -0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.57% | -13.13% | +5.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -21.98% | +3.61% |
Max Drawdown (5Y)Largest decline over 5 years | -22.88% | -35.02% | +12.14% |
Current DrawdownCurrent decline from peak | -1.10% | -8.69% | +7.59% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -13.86% | +8.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 3.87% | -1.85% |
Volatility
UFSD.L vs. ESES.L - Volatility Comparison
The current volatility for iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist) (UFSD.L) is 2.90%, while Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.L) has a volatility of 7.68%. This indicates that UFSD.L experiences smaller price fluctuations and is considered to be less risky than ESES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UFSD.L | ESES.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 7.68% | -4.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.30% | 18.81% | -9.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.11% | 20.87% | -8.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.10% | 23.55% | -7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.55% | 3,189.82% | -3,172.27% |
UFSD.L vs. ESES.L - Expense Ratio Comparison
UFSD.L has a 0.35% expense ratio, which is higher than ESES.L's 0.19% expense ratio.
Dividends
UFSD.L vs. ESES.L - Dividend Comparison
UFSD.L's dividend yield for the trailing twelve months is around 0.79%, while ESES.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESES.L Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UFSD.L iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist) | 0.79% | 0.89% | 0.86% | 1.12% | 1.51% | 0.75% | 1.11% | 1.41% | 1.23% |
Frequently Asked Questions
UFSD.L and ESES.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESES.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESES.L is cheaper with a 0.19% expense ratio, compared with 0.35% for UFSD.L.
UFSD.L is categorized as Large Cap Blend Equities, while ESES.L is Emerging Markets Equities. UFSD.L tracks Russell 1000 TR USD, while ESES.L tracks MSCI EM Universal Select Business Screens Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for UFSD.L and 0.19% for ESES.L.
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