AIUT.DE vs. IQSA.DE

Last updated Jun 5, 2026

AIUT.DE (BNP Paribas Easy II MSCI USA PAB UCITS ETF USD Acc) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - AIUT.DE is a ESG fund tracking the MSCI USA Climate Paris Aligned Index, while IQSA.DE is a Global Equities fund actively managed by Invesco. AIUT.DE is passively managed, while IQSA.DE is actively managed. Over the past year, AIUT.DE returned 23.70% vs 28.39% for IQSA.DE. Their correlation of 0.85 suggests significant overlap in exposure. AIUT.DE charges 0.13%/yr vs 0.30%/yr for IQSA.DE.

Performance

AIUT.DE vs. IQSA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy II MSCI USA PAB UCITS ETF USD Acc (AIUT.DE) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIUT.DE achieves a 11.57% return, which is significantly lower than IQSA.DE's 14.81% return.

AIUT.DE

• 1D: -0.01%
• 1M: 7.35%
• YTD: 11.57%
• 6M: 10.76%
• 1Y: 23.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IQSA.DE

• 1D: -0.11%
• 1M: 4.49%
• YTD: 14.81%
• 6M: 16.12%
• 1Y: 28.39%
• 3Y*: 22.03%
• 5Y*: 15.45%
• 10Y*: —

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

AIUT.DE vs. IQSA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AIUT.DE BNP Paribas Easy II MSCI USA PAB UCITS ETF USD Acc	11.57%	1.03%	31.84%	5.33%
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc	14.81%	9.64%	29.92%	6.07%

Correlation

The correlation between AIUT.DE and IQSA.DE is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023	0.85

The correlation between AIUT.DE and IQSA.DE has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

Return for Risk

AIUT.DE vs. IQSA.DE — Risk / Return Rank

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

AIUT.DE

AIUT.DE Risk / Return Rank: 49
AIUT.DE Sharpe Ratio Rank: 54
AIUT.DE Sortino Ratio Rank: 52
AIUT.DE Omega Ratio Rank: 53
AIUT.DE Calmar Ratio Rank: 43
AIUT.DE Martin Ratio Rank: 40

IQSA.DE

IQSA.DE Risk / Return Rank: 79
IQSA.DE Sharpe Ratio Rank: 73
IQSA.DE Sortino Ratio Rank: 77
IQSA.DE Omega Ratio Rank: 73
IQSA.DE Calmar Ratio Rank: 85
IQSA.DE Martin Ratio Rank: 87

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.

AIUT.DE vs. IQSA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy II MSCI USA PAB UCITS ETF USD Acc (AIUT.DE) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE). 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.

	AIUT.DE	IQSA.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.34	-0.52
Sortino ratio: Return per unit of downside risk	2.48	3.41	-0.93
Omega ratio: Gain probability vs. loss probability	1.33	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	2.11	4.60	-2.49
Martin ratio: Return relative to average drawdown	6.23	18.23	-12.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIUT.DE vs. IQSA.DE - Sharpe Ratio Comparison

The current AIUT.DE Sharpe Ratio is 1.82, which is comparable to the IQSA.DE Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of AIUT.DE and IQSA.DE, 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

	AIUT.DE	IQSA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	2.34	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.94	+0.30

Drawdowns

AIUT.DE vs. IQSA.DE - Drawdown Comparison

The maximum AIUT.DE drawdown since its inception was -25.11%, smaller than the maximum IQSA.DE drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for AIUT.DE and IQSA.DE.

Drawdown Indicators

	AIUT.DE	IQSA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-25.11%	-34.11%	+9.00%
Max Drawdown (1Y) Largest decline over 1 year	-11.30%	-6.20%	-5.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.35%	—
Current Drawdown Current decline from peak	-0.33%	-0.33%	0.00%
Average Drawdown Average peak-to-trough decline	-4.23%	-4.38%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.83%	1.57%	+2.26%

Volatility

AIUT.DE vs. IQSA.DE - Volatility Comparison

BNP Paribas Easy II MSCI USA PAB UCITS ETF USD Acc (AIUT.DE) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) have volatilities of 3.37% and 3.32%, 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

	AIUT.DE	IQSA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	3.32%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	8.85%	8.85%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	13.08%	12.17%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	14.71%	+1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	16.74%	-0.99%

AIUT.DE vs. IQSA.DE - Expense Ratio Comparison

AIUT.DE has a 0.13% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.

Dividends

AIUT.DE vs. IQSA.DE - Dividend Comparison

Neither AIUT.DE nor IQSA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AIUT.DE and IQSA.DE in my portfolio?

AIUT.DE and IQSA.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIUT.DE or IQSA.DE?

On fees, AIUT.DE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIUT.DE or IQSA.DE?

AIUT.DE is cheaper with a 0.13% expense ratio, compared with 0.30% for IQSA.DE.

What is the main difference between AIUT.DE and IQSA.DE?

AIUT.DE is categorized as ESG, while IQSA.DE is Global Equities. They also come from different issuers: BNP Paribas Easy and Invesco. Their fees differ too: 0.13% for AIUT.DE and 0.30% for IQSA.DE.