USXF vs. MFUS

Last updated Jun 23, 2026

USXF (iShares ESG Advanced MSCI USA ETF) and MFUS (PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF) are both Large Cap Growth Equities funds - USXF tracks the MSCI USA Choice ESG Screened Index while MFUS tracks the RAFI Dynamic Multi-Factor U.S. Index​. Both are passively managed. Over the past 5 years, USXF returned 15.57%/yr vs 13.48%/yr for MFUS. Their correlation of 0.82 suggests significant overlap in exposure. USXF charges 0.10%/yr vs 0.30%/yr for MFUS.

Performance

USXF vs. MFUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares ESG Advanced MSCI USA ETF (USXF) and PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USXF achieves a 21.17% return, which is significantly higher than MFUS's 18.31% return.

USXF

• 1D: 0.37%
• 1M: 4.92%
• YTD: 21.17%
• 6M: 20.48%
• 1Y: 36.70%
• 3Y*: 26.99%
• 5Y*: 15.57%
• 10Y*: —

MFUS

• 1D: 0.68%
• 1M: 3.47%
• YTD: 18.31%
• 6M: 17.50%
• 1Y: 30.42%
• 3Y*: 22.30%
• 5Y*: 13.48%
• 10Y*: —

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

USXF vs. MFUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
USXF iShares ESG Advanced MSCI USA ETF	21.17%	16.97%	26.16%	31.65%	-21.20%	27.14%	23.07%
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	18.31%	16.02%	20.17%	12.19%	-5.82%	24.10%	21.98%

Correlation

The correlation between USXF and MFUS is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020	0.82

The correlation between USXF and MFUS has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.

USXF vs. MFUS - Sectors Allocation Comparison

Sectors	USXF	MFUS
Technology	55.7%	24.7%
Financial Services	14.5%	12.0%
Industrials	7.8%	12.2%
Consumer Cyclical	6.4%	10.5%
Healthcare	5.3%	13.4%
Real Estate	3.7%	1.7%
Basic Materials	2.2%	2.8%
Communication Services	1.9%	5.1%
Utilities	1.3%	1.6%
Consumer Defensive	0.9%	9.7%
Energy	0.1%	6.4%

Return for Risk

USXF vs. MFUS — Risk / Return Rank

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

USXF

USXF Risk / Return Rank: 68
USXF Sharpe Ratio Rank: 67
USXF Sortino Ratio Rank: 62
USXF Omega Ratio Rank: 64
USXF Calmar Ratio Rank: 74
USXF Martin Ratio Rank: 76

MFUS

MFUS Risk / Return Rank: 87
MFUS Sharpe Ratio Rank: 87
MFUS Sortino Ratio Rank: 88
MFUS Omega Ratio Rank: 85
MFUS Calmar Ratio Rank: 87
MFUS Martin Ratio Rank: 90

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.

USXF vs. MFUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI USA ETF (USXF) and PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS). 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.

	USXF	MFUS	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.73	-0.61
Sortino ratio: Return per unit of downside risk	2.79	3.86	-1.07
Omega ratio: Gain probability vs. loss probability	1.37	1.49	-0.12
Calmar ratio: Return relative to maximum drawdown	3.62	4.79	-1.17
Martin ratio: Return relative to average drawdown	13.89	19.46	-5.56

USXF vs. MFUS - Sharpe Ratio Comparison

The current USXF Sharpe Ratio is 2.12, which is comparable to the MFUS Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of USXF and MFUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USXF vs. MFUS - Drawdown Comparison

The maximum USXF drawdown since its inception was -29.54%, smaller than the maximum MFUS drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for USXF and MFUS.

Drawdown Indicators

	USXF	MFUS	Difference
Max Drawdown Largest peak-to-trough decline	-29.54%	-35.21%	+5.67%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-6.39%	-3.80%
Max Drawdown (3Y) Largest decline over 3 years	-20.93%	-15.39%	-5.54%
Max Drawdown (5Y) Largest decline over 5 years	-29.54%	-18.22%	-11.32%
Current Drawdown Current decline from peak	-0.18%	-0.03%	-0.15%
Average Drawdown Average peak-to-trough decline	-6.39%	-3.98%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	1.57%	+1.08%

Volatility

USXF vs. MFUS - Volatility Comparison

iShares ESG Advanced MSCI USA ETF (USXF) has a higher volatility of 7.80% compared to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) at 4.10%. This indicates that USXF's price experiences larger fluctuations and is considered to be riskier than MFUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USXF	MFUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.80%	4.10%	+3.70%
Volatility (6M) Calculated over the trailing 6-month period	14.29%	8.84%	+5.45%
Volatility (1Y) Calculated over the trailing 1-year period	17.45%	11.22%	+6.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.79%	15.08%	+4.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.32%	17.35%	+1.97%

USXF vs. MFUS - Expense Ratio Comparison

USXF has a 0.10% expense ratio, which is lower than MFUS's 0.30% expense ratio.

Dividends

USXF vs. MFUS - Dividend Comparison

USXF's dividend yield for the trailing twelve months is around 0.79%, less than MFUS's 1.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	1.33%	1.54%	1.45%	1.96%	2.07%	1.35%	1.72%	1.89%	1.69%	1.01%
USXF iShares ESG Advanced MSCI USA ETF	0.79%	0.93%	1.00%	1.21%	1.39%	0.86%	0.58%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USXF and MFUS in my portfolio?

USXF and MFUS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USXF or MFUS?

USXF has higher volatility (7.80%) compared to MFUS (4.10%). In terms of maximum drawdown, USXF dropped -29.54% vs MFUS's -35.21%.

Which ETF is better, USXF or MFUS?

On 5-year performance, USXF leads with 15.57% vs 13.48% for MFUS. On fees, USXF is cheaper at 0.10% per year. On volatility, MFUS has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USXF or MFUS?

Over the 5-year period, USXF has performed better with a 15.57% return vs 13.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USXF or MFUS?

USXF is cheaper with a 0.10% expense ratio, compared with 0.30% for MFUS.

Which ETF pays a higher dividend yield, USXF or MFUS?

MFUS has the higher dividend yield at 1.33%, compared with 0.79% for USXF.

What is the main difference between USXF and MFUS?

USXF tracks MSCI USA Choice ESG Screened Index, while MFUS tracks RAFI Dynamic Multi-Factor U.S. Index​. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.10% for USXF and 0.30% for MFUS.

Which has better risk-adjusted returns?

MFUS currently has the higher Sharpe Ratio (2.73 vs 2.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.