CESG.L vs. IQSS.L
CESG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc) and IQSS.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both ESG funds. Both are actively managed. Over the past year, CESG.L returned 5.82% vs 30.87% for IQSS.L. A 0.54 correlation means they provide meaningful diversification when combined. CESG.L charges 0.75%/yr vs 0.60%/yr for IQSS.L.
Performance
CESG.L vs. IQSS.L - Performance Comparison
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Different Trading Currencies
CESG.L is traded in USD, while IQSS.L is traded in GBp. To make them comparable, the IQSS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CESG.L achieves a 2.70% return, which is significantly lower than IQSS.L's 16.05% return.
CESG.L
- 1D
- 0.11%
- 1M
- 2.28%
- 6M
- 2.77%
- YTD
- 2.70%
- 1Y
- 5.82%
- 3Y*
- 9.53%
- 5Y*
- 5.33%
- 10Y*
- —
IQSS.L
- 1D
- 0.00%
- 1M
- 0.67%
- 6M
- 14.40%
- YTD
- 16.05%
- 1Y
- 30.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CESG.L vs. IQSS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CESG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc | 2.70% | 11.47% | 5.83% |
IQSS.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 16.05% | 22.92% | 3.83% |
Correlation
The correlation between CESG.L and IQSS.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | 0.54 |
The correlation between CESG.L and IQSS.L shifts across timeframes, from 0.40 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CESG.L vs. IQSS.L — Risk / Return Rank
CESG.L
IQSS.L
CESG.L vs. IQSS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.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.
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.
| CESG.L | IQSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.43 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 3.49 | -2.94 |
| Martin ratioReturn relative to average drawdown | 1.42 | 15.31 | -13.89 |
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Drawdowns
CESG.L vs. IQSS.L - Drawdown Comparison
The maximum CESG.L drawdown since its inception was -22.69%, which is greater than IQSS.L's maximum drawdown of -17.15%. Use the drawdown chart below to compare losses from any high point for CESG.L and IQSS.L.
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Drawdown Indicators
| CESG.L | IQSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -17.15% | -5.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -8.89% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -10.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.69% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | 0.00% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -1.93% | -3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 2.02% | +1.39% |
Volatility
CESG.L vs. IQSS.L - Volatility Comparison
The current volatility for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) is 3.44%, while Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) has a volatility of 3.70%. This indicates that CESG.L experiences smaller price fluctuations and is considered to be less risky than IQSS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CESG.L | IQSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.70% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 10.25% | -2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 12.94% | -2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.62% | 15.11% | -2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 15.11% | -2.58% |
CESG.L vs. IQSS.L - Expense Ratio Comparison
CESG.L has a 0.75% expense ratio, which is higher than IQSS.L's 0.60% expense ratio.
Dividends
CESG.L vs. IQSS.L - Dividend Comparison
Neither CESG.L nor IQSS.L has paid dividends to shareholders.
Frequently Asked Questions
CESG.L and IQSS.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQSS.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQSS.L is cheaper with a 0.60% expense ratio, compared with 0.75% for CESG.L.
They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.75% for CESG.L and 0.60% for IQSS.L.
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