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VXUS vs. MVUS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VXUS vs. MVUS.L

Last updated Jun 9, 2026

VXUS (Vanguard Total International Stock ETF) and MVUS.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)) are both exchange-traded funds - VXUS is a Global Equities fund tracking the FTSE Global All Cap ex US Index, while MVUS.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, VXUS returned 9.68%/yr vs 10.45%/yr for MVUS.L. At a 0.49 correlation, their price movements are largely independent. VXUS charges 0.05%/yr vs 0.20%/yr for MVUS.L.

Performance

VXUS vs. MVUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total International Stock ETF (VXUS) and iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VXUS is traded in USD, while MVUS.L is traded in GBp. To make them comparable, the MVUS.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VXUS achieves a 11.12% return, which is significantly higher than MVUS.L's 3.12% return. Over the past 10 years, VXUS has underperformed MVUS.L with an annualized return of 9.68%, while MVUS.L has yielded a comparatively higher 10.45% annualized return.

VXUS

1D
0.86%
1M
-1.98%
YTD
11.12%
6M
13.49%
1Y
27.05%
3Y*
17.97%
5Y*
7.95%
10Y*
9.68%

MVUS.L

1D
-0.39%
1M
2.24%
YTD
3.12%
6M
4.80%
1Y
10.22%
3Y*
13.40%
5Y*
8.71%
10Y*
10.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VXUS vs. MVUS.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VXUS
Vanguard Total International Stock ETF		11.12%32.35%5.08%15.86%-16.08%8.98%10.66%21.75%-14.43%27.46%
MVUS.L
iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)		3.12%11.72%18.70%9.31%-11.01%25.45%7.05%31.95%-6.00%16.33%

Correlation

The correlation between VXUS and MVUS.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (10Y)
Calculated over the trailing 10-year period

0.50

Correlation (All Time)
Calculated using the full available price history since Dec 3, 2012

0.49

The correlation between VXUS and MVUS.L has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.

VXUS vs. MVUS.L - Sectors Allocation Comparison

Sectors
VXUS
MVUS.L

Financial Services

22.3%
17.8%

Technology

18.1%
29.0%

Industrials

16.1%
5.7%

Consumer Cyclical

8.4%
6.9%

Basic Materials

7.6%
2.3%

Healthcare

7.1%
13.3%

Energy

5.2%
5.2%

Consumer Defensive

5.0%
10.4%

Communication Services

4.4%
6.5%

Utilities

3.2%
2.9%

Real Estate

2.6%
0.2%

Financial Services

VXUS
22.3%
MVUS.L
17.8%

Technology

VXUS
18.1%
MVUS.L
29.0%

Industrials

VXUS
16.1%
MVUS.L
5.7%

Consumer Cyclical

VXUS
8.4%
MVUS.L
6.9%

Basic Materials

VXUS
7.6%
MVUS.L
2.3%

Healthcare

VXUS
7.1%
MVUS.L
13.3%

Energy

VXUS
5.2%
MVUS.L
5.2%

Consumer Defensive

VXUS
5.0%
MVUS.L
10.4%

Communication Services

VXUS
4.4%
MVUS.L
6.5%

Utilities

VXUS
3.2%
MVUS.L
2.9%

Real Estate

VXUS
2.6%
MVUS.L
0.2%

Compare stocks, funds, or ETFs

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Vanguard Total International Stock ETF

iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)

Often compared with VXUS:
VXUS vs. VTIVXUS vs. VOOVXUS vs. VTVXUS vs. VEAVXUS vs. FZILXVXUS vs. VEUVXUS vs. SCHF
Often compared with MVUS.L:
MVUS.L vs. USMVMVUS.L vs. XDEB.LMVUS.L vs. MVEA.LMVUS.L vs. GLTS.LMVUS.L vs. HMUD.LMVUS.L vs. XLPP.LMVUS.L vs. JURE.L

Return for Risk

VXUS vs. MVUS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VXUS
VXUS Risk / Return Rank: 5656
Overall Rank
VXUS Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
VXUS Sortino Ratio Rank: 5454
Sortino Ratio Rank
VXUS Omega Ratio Rank: 5757
Omega Ratio Rank
VXUS Calmar Ratio Rank: 5454
Calmar Ratio Rank
VXUS Martin Ratio Rank: 5858
Martin Ratio Rank
MVUS.L
MVUS.L Risk / Return Rank: 4646
Overall Rank
MVUS.L Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
MVUS.L Sortino Ratio Rank: 4646
Sortino Ratio Rank
MVUS.L Omega Ratio Rank: 4545
Omega Ratio Rank
MVUS.L Calmar Ratio Rank: 4848
Calmar Ratio Rank
MVUS.L Martin Ratio Rank: 4646
Martin Ratio Rank
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.

VXUS vs. MVUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Stock ETF (VXUS) and iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.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.

VXUSMVUS.LDifference
Sharpe ratioReturn per unit of total volatility
1.73
1.24

+0.50

Sortino ratioReturn per unit of downside risk
2.36
1.82

+0.55

Omega ratioGain probability vs. loss probability

1.32

1.21

+0.11

Calmar ratioReturn relative to maximum drawdown

2.41

1.55

+0.86

Martin ratioReturn relative to average drawdown

9.34

6.27

+3.07

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VXUS vs. MVUS.L - Sharpe Ratio Comparison

The current VXUS Sharpe Ratio is 1.73, which is higher than the MVUS.L Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of VXUS and MVUS.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.

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Sharpe Ratios by Period

VXUSMVUS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.73

1.24

+0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.46

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

0.61

-0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.42

-0.05

Drawdowns

VXUS vs. MVUS.L - Drawdown Comparison

The maximum VXUS drawdown since its inception was -35.97%, smaller than the maximum MVUS.L drawdown of -38.28%. Use the drawdown chart below to compare losses from any high point for VXUS and MVUS.L.

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Drawdown Indicators

VXUSMVUS.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.97%

-38.28%

+2.31%

Max Drawdown (1Y)

Largest decline over 1 year

-11.27%

-6.55%

-4.72%

Max Drawdown (3Y)

Largest decline over 3 years

-13.58%

-19.31%

+5.73%

Max Drawdown (5Y)

Largest decline over 5 years

-29.44%

-19.44%

-10.00%

Max Drawdown (10Y)

Largest decline over 10 years

-35.97%

-33.05%

-2.92%

Current Drawdown

Current decline from peak

-3.70%

-1.04%

-2.66%

Average Drawdown

Average peak-to-trough decline

-8.21%

-7.33%

-0.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

1.63%

+1.27%

Volatility

VXUS vs. MVUS.L - Volatility Comparison

Vanguard Total International Stock ETF (VXUS) has a higher volatility of 6.03% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc) (MVUS.L) at 1.81%. This indicates that VXUS's price experiences larger fluctuations and is considered to be riskier than MVUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VXUSMVUS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.03%

1.81%

+4.22%

Volatility (6M)

Calculated over the trailing 6-month period

13.60%

5.85%

+7.75%

Volatility (1Y)

Calculated over the trailing 1-year period

15.71%

8.26%

+7.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.13%

18.88%

-2.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.19%

17.08%

+0.11%

VXUS vs. MVUS.L - Expense Ratio Comparison

VXUS has a 0.05% expense ratio, which is lower than MVUS.L's 0.20% 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%.

Dividends

VXUS vs. MVUS.L - Dividend Comparison

VXUS's dividend yield for the trailing twelve months is around 2.73%, while MVUS.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
MVUS.L
iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VXUS
Vanguard Total International Stock ETF		2.73%3.18%3.37%3.24%3.09%3.10%2.14%3.06%3.18%2.73%2.93%2.83%

Frequently Asked Questions

VXUS and MVUS.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VXUS is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VXUS is cheaper with a 0.05% expense ratio, compared with 0.20% for MVUS.L.

VXUS is categorized as Global Equities, while MVUS.L is S&P 500. VXUS tracks FTSE Global All Cap ex US Index, while MVUS.L tracks S&P 500 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VXUS and 0.20% for MVUS.L.

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