UFSD.L vs. MXUS.L

Last updated Jun 5, 2026

UFSD.L (iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist)) and MXUS.L (Invesco MSCI USA UCITS ETF) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from iShares and Invesco respectively. Both are passively managed. Over the past 5 years, UFSD.L returned 11.72%/yr vs 13.58%/yr for MXUS.L. Their correlation of 0.94 suggests significant overlap in exposure. UFSD.L charges 0.35%/yr vs 0.05%/yr for MXUS.L.

Performance

UFSD.L vs. MXUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist) (UFSD.L) and Invesco MSCI USA UCITS ETF (MXUS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UFSD.L achieves a 11.83% return, which is significantly higher than MXUS.L's 10.31% return.

UFSD.L

• 1D: -0.16%
• 1M: 5.03%
• YTD: 11.83%
• 6M: 11.75%
• 1Y: 28.48%
• 3Y*: 21.46%
• 5Y*: 11.72%
• 10Y*: —

MXUS.L

• 1D: 0.02%
• 1M: 3.38%
• YTD: 10.31%
• 6M: 10.68%
• 1Y: 27.76%
• 3Y*: 22.47%
• 5Y*: 13.58%
• 10Y*: 15.33%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
UFSD.L iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist)	11.83%	18.04%	22.38%	17.71%	-16.20%	25.12%	10.42%	25.31%	-10.95%
MXUS.L Invesco MSCI USA UCITS ETF	10.31%	17.34%	25.57%	27.84%	-20.03%	27.90%	20.98%	31.00%	-6.63%

Correlation

The correlation between UFSD.L and MXUS.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 26, 2018	0.94

The correlation between UFSD.L and MXUS.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

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

Sectors	UFSD.L	MXUS.L
Technology	39.6%	35.4%
Financial Services	11.8%	11.6%
Communication Services	11.0%	11.3%
Consumer Cyclical	10.7%	10.1%
Healthcare	8.7%	8.6%
Industrials	5.0%	8.6%
Consumer Defensive	4.2%	4.8%
Energy	3.8%	3.6%
Utilities	2.2%	2.3%
Basic Materials	1.5%	1.8%
Real Estate	1.3%	1.9%

Return for Risk

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

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

UFSD.L

UFSD.L Risk / Return Rank: 79
UFSD.L Sharpe Ratio Rank: 78
UFSD.L Sortino Ratio Rank: 83
UFSD.L Omega Ratio Rank: 77
UFSD.L Calmar Ratio Rank: 76
UFSD.L Martin Ratio Rank: 80

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

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.

UFSD.L vs. MXUS.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 USA UCITS ETF (MXUS.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.

	UFSD.L	MXUS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.37	+0.11
Sortino ratio: Return per unit of downside risk	3.66	3.44	+0.22
Omega ratio: Gain probability vs. loss probability	1.45	1.43	+0.01
Calmar ratio: Return relative to maximum drawdown	3.80	3.31	+0.49
Martin ratio: Return relative to average drawdown	15.45	14.01	+1.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current UFSD.L Sharpe Ratio is 2.48, which is comparable to the MXUS.L Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of UFSD.L and MXUS.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

	UFSD.L	MXUS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.37	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.84	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.94	-0.29

Drawdowns

UFSD.L vs. MXUS.L - Drawdown Comparison

The maximum UFSD.L drawdown since its inception was -35.77%, roughly equal to the maximum MXUS.L drawdown of -34.38%. Use the drawdown chart below to compare losses from any high point for UFSD.L and MXUS.L.

Drawdown Indicators

	UFSD.L	MXUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.77%	-34.38%	-1.39%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-8.35%	+0.76%
Max Drawdown (3Y) Largest decline over 3 years	-18.36%	-18.78%	+0.42%
Max Drawdown (5Y) Largest decline over 5 years	-22.86%	-25.25%	+2.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.38%	—
Current Drawdown Current decline from peak	-1.05%	-0.45%	-0.60%
Average Drawdown Average peak-to-trough decline	-5.63%	-3.83%	-1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.98%	-0.11%

Volatility

UFSD.L vs. MXUS.L - Volatility Comparison

iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist) (UFSD.L) and Invesco MSCI USA UCITS ETF (MXUS.L) have volatilities of 3.36% and 3.20%, 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.

Volatility by Period

	UFSD.L	MXUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	3.20%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	8.53%	8.55%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	11.62%	11.64%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	16.19%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	16.42%	+1.17%

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

UFSD.L has a 0.35% expense ratio, which is higher than MXUS.L's 0.05% expense ratio.

Dividends

UFSD.L vs. MXUS.L - Dividend Comparison

UFSD.L's dividend yield for the trailing twelve months is around 0.80%, while MXUS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
UFSD.L iShares Edge MSCI USA Multifactor UCITS ETF USD (Dist)	0.80%	0.89%	0.86%	1.12%	1.51%	0.75%	1.11%	1.41%	1.23%

Frequently Asked Questions

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

With a correlation of 0.95, UFSD.L and MXUS.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, UFSD.L or MXUS.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, UFSD.L or MXUS.L?

MXUS.L is cheaper with a 0.05% expense ratio, compared with 0.35% for UFSD.L.

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

Both ETFs track Russell 1000 TR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for UFSD.L and 0.05% for MXUS.L.