USFM.L vs. ESUS.L

Last updated Jun 5, 2026

USFM.L (UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis) and ESUS.L (Invesco MSCI USA ESG Universal Screened UCITS ETF Dist) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from UBS and Invesco respectively. Both are passively managed. Over the past 3 years, USFM.L returned 16.00%/yr vs 19.05%/yr for ESUS.L. Their correlation of 0.91 suggests significant overlap in exposure. USFM.L charges 0.25%/yr vs 0.09%/yr for ESUS.L.

Performance

USFM.L vs. ESUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L) and Invesco MSCI USA ESG Universal Screened UCITS ETF Dist (ESUS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with USFM.L having a 12.16% return and ESUS.L slightly lower at 11.78%.

USFM.L

• 1D: 0.33%
• 1M: 5.20%
• YTD: 12.16%
• 6M: 12.28%
• 1Y: 24.78%
• 3Y*: 16.00%
• 5Y*: 11.61%
• 10Y*: —

ESUS.L

• 1D: -0.39%
• 1M: 6.07%
• YTD: 11.78%
• 6M: 11.13%
• 1Y: 28.60%
• 3Y*: 19.05%
• 5Y*: —
• 10Y*: —

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

USFM.L vs. ESUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
USFM.L UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis	12.16%	5.73%	20.11%	10.47%	-3.22%	7.16%
ESUS.L Invesco MSCI USA ESG Universal Screened UCITS ETF Dist	11.78%	7.49%	26.65%	21.14%	-12.50%	10.31%

Correlation

The correlation between USFM.L and ESUS.L is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Aug 13, 2021	0.91

The correlation between USFM.L and ESUS.L has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

Return for Risk

USFM.L vs. ESUS.L — Risk / Return Rank

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

USFM.L

USFM.L Risk / Return Rank: 82
USFM.L Sharpe Ratio Rank: 81
USFM.L Sortino Ratio Rank: 81
USFM.L Omega Ratio Rank: 79
USFM.L Calmar Ratio Rank: 84
USFM.L Martin Ratio Rank: 82

ESUS.L

ESUS.L Risk / Return Rank: 77
ESUS.L Sharpe Ratio Rank: 82
ESUS.L Sortino Ratio Rank: 81
ESUS.L Omega Ratio Rank: 82
ESUS.L Calmar Ratio Rank: 71
ESUS.L Martin Ratio Rank: 68

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.

USFM.L vs. ESUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L) and Invesco MSCI USA ESG Universal Screened UCITS ETF Dist (ESUS.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.

	USFM.L	ESUS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.61	2.64	-0.03
Sortino ratio: Return per unit of downside risk	3.57	3.56	+0.01
Omega ratio: Gain probability vs. loss probability	1.46	1.48	-0.02
Calmar ratio: Return relative to maximum drawdown	4.51	3.51	+1.00
Martin ratio: Return relative to average drawdown	16.06	12.38	+3.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USFM.L vs. ESUS.L - Sharpe Ratio Comparison

The current USFM.L Sharpe Ratio is 2.61, which is comparable to the ESUS.L Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of USFM.L and ESUS.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

	USFM.L	ESUS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	2.64	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.86	-0.02

Drawdowns

USFM.L vs. ESUS.L - Drawdown Comparison

The maximum USFM.L drawdown since its inception was -27.52%, which is greater than ESUS.L's maximum drawdown of -21.43%. Use the drawdown chart below to compare losses from any high point for USFM.L and ESUS.L.

Drawdown Indicators

	USFM.L	ESUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.52%	-21.43%	-6.09%
Max Drawdown (1Y) Largest decline over 1 year	-5.47%	-8.11%	+2.64%
Max Drawdown (3Y) Largest decline over 3 years	-17.40%	-21.43%	+4.03%
Max Drawdown (5Y) Largest decline over 5 years	-17.40%	—	—
Current Drawdown Current decline from peak	0.00%	-0.39%	+0.39%
Average Drawdown Average peak-to-trough decline	-3.49%	-4.92%	+1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	2.30%	-0.76%

Volatility

USFM.L vs. ESUS.L - Volatility Comparison

UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L) and Invesco MSCI USA ESG Universal Screened UCITS ETF Dist (ESUS.L) have volatilities of 2.78% and 2.84%, 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

	USFM.L	ESUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	2.84%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	6.77%	7.60%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	9.46%	10.80%	-1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.21%	14.87%	-1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.32%	14.87%	+0.45%

USFM.L vs. ESUS.L - Expense Ratio Comparison

USFM.L has a 0.25% expense ratio, which is higher than ESUS.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

USFM.L vs. ESUS.L - Dividend Comparison

USFM.L's dividend yield for the trailing twelve months is around 1.07%, more than ESUS.L's 0.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ESUS.L Invesco MSCI USA ESG Universal Screened UCITS ETF Dist	0.83%	0.90%	0.96%	1.19%	1.36%	0.33%	0.00%	0.00%	0.00%	0.00%
USFM.L UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis	1.07%	1.20%	1.14%	1.37%	1.22%	1.01%	1.34%	1.30%	1.37%	0.30%

Frequently Asked Questions

Can I hold both USFM.L and ESUS.L in my portfolio?

USFM.L and ESUS.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USFM.L or ESUS.L?

On fees, ESUS.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USFM.L or ESUS.L?

ESUS.L is cheaper with a 0.09% expense ratio, compared with 0.25% for USFM.L.

What is the main difference between USFM.L and ESUS.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: UBS and Invesco. Their fees differ too: 0.25% for USFM.L and 0.09% for ESUS.L.