ECMA.DE vs. IQSA.DE
ECMA.DE (Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - ECMA.DE is a European Corporate Bonds fund tracking the Invesco EUR Corporate Bond ESG Multi-Factor, while IQSA.DE is a Global Equities fund actively managed by Invesco. ECMA.DE is passively managed, while IQSA.DE is actively managed. Over the past 3 years, ECMA.DE returned 4.49%/yr vs 22.03%/yr for IQSA.DE. At a 0.29 correlation, their price movements are largely independent. ECMA.DE charges 0.19%/yr vs 0.30%/yr for IQSA.DE.
Performance
ECMA.DE vs. IQSA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECMA.DE achieves a 0.50% return, which is significantly lower than IQSA.DE's 14.81% return.
ECMA.DE
- 1D
- 0.10%
- 1M
- 0.29%
- YTD
- 0.50%
- 6M
- 0.46%
- 1Y
- 2.04%
- 3Y*
- 4.49%
- 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*
- —
ECMA.DE vs. IQSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc | 0.50% | 2.90% | 4.30% | 7.06% | -1.21% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.81% | 9.64% | 29.92% | 20.24% | 1.85% |
Correlation
The correlation between ECMA.DE and IQSA.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.29 |
The correlation between ECMA.DE and IQSA.DE shifts across timeframes, from 0.29 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ECMA.DE vs. IQSA.DE — Risk / Return Rank
ECMA.DE
IQSA.DE
ECMA.DE vs. IQSA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.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.
| ECMA.DE | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.43 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 4.60 | -3.98 |
| Martin ratioReturn relative to average drawdown | 2.07 | 18.23 | -16.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ECMA.DE | IQSA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 2.34 | -1.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.94 | -0.13 |
Drawdowns
ECMA.DE vs. IQSA.DE - Drawdown Comparison
The maximum ECMA.DE drawdown since its inception was -8.91%, smaller than the maximum IQSA.DE drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for ECMA.DE and IQSA.DE.
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Drawdown Indicators
| ECMA.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.91% | -34.11% | +25.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -6.20% | +3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -21.35% | +18.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.35% | — |
Current DrawdownCurrent decline from peak | -0.76% | -0.33% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -4.38% | +2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.57% | -0.77% |
Volatility
ECMA.DE vs. IQSA.DE - Volatility Comparison
The current volatility for Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) is 1.28%, while Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a volatility of 3.32%. This indicates that ECMA.DE experiences smaller price fluctuations and is considered to be less risky than IQSA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECMA.DE | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 3.32% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 8.85% | -6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 12.17% | -9.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.16% | 14.71% | -10.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 16.74% | -12.58% |
ECMA.DE vs. IQSA.DE - Expense Ratio Comparison
ECMA.DE has a 0.19% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
ECMA.DE vs. IQSA.DE - Dividend Comparison
Neither ECMA.DE nor IQSA.DE has paid dividends to shareholders.
Frequently Asked Questions
ECMA.DE and IQSA.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECMA.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECMA.DE is cheaper with a 0.19% expense ratio, compared with 0.30% for IQSA.DE.
ECMA.DE is categorized as European Corporate Bonds, while IQSA.DE is Global Equities. Their fees differ too: 0.19% for ECMA.DE and 0.30% for IQSA.DE.
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