EHBA.DE vs. IQSA.DE
EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - EHBA.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index, while IQSA.DE is a Global Equities fund actively managed by Invesco. EHBA.DE is passively managed, while IQSA.DE is actively managed. Over the past 5 years, EHBA.DE returned 1.96%/yr vs 15.34%/yr for IQSA.DE. At a 0.45 correlation, their price movements are largely independent. EHBA.DE charges 0.39%/yr vs 0.30%/yr for IQSA.DE.
Performance
EHBA.DE vs. IQSA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHBA.DE achieves a 1.67% return, which is significantly lower than IQSA.DE's 18.17% return.
EHBA.DE
- 1D
- 0.09%
- 1M
- 0.76%
- 6M
- 1.90%
- YTD
- 1.67%
- 1Y
- 3.82%
- 3Y*
- 8.32%
- 5Y*
- 1.96%
- 10Y*
- —
IQSA.DE
- 1D
- 0.41%
- 1M
- 2.82%
- 6M
- 18.46%
- YTD
- 18.17%
- 1Y
- 32.16%
- 3Y*
- 21.64%
- 5Y*
- 15.34%
- 10Y*
- —
EHBA.DE vs. IQSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 1.67% | 5.24% | 10.78% | 9.40% | -14.85% | 1.16% | 3.63% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 18.17% | 9.64% | 29.92% | 20.23% | -9.31% | 35.68% | 6.24% |
Correlation
The correlation between EHBA.DE and IQSA.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.45 |
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Return for Risk
EHBA.DE vs. IQSA.DE — Risk / Return Rank
EHBA.DE
IQSA.DE
EHBA.DE vs. IQSA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.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.
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.
| EHBA.DE | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.47 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 5.16 | -4.14 |
| Martin ratioReturn relative to average drawdown | 3.64 | 21.31 | -17.67 |
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Drawdowns
EHBA.DE vs. IQSA.DE - Drawdown Comparison
The maximum EHBA.DE drawdown since its inception was -20.61%, smaller than the maximum IQSA.DE drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for EHBA.DE and IQSA.DE.
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Drawdown Indicators
| EHBA.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -34.12% | +13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -6.20% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -3.72% | -21.35% | +17.63% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -21.35% | +0.74% |
Current DrawdownCurrent decline from peak | -0.28% | -0.65% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -4.76% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.51% | -0.46% |
Volatility
EHBA.DE vs. IQSA.DE - Volatility Comparison
The current volatility for Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) is 1.12%, while Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a volatility of 3.46%. This indicates that EHBA.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
| EHBA.DE | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 3.46% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 9.12% | -5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 12.47% | -8.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.03% | 14.76% | -9.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 17.21% | -12.38% |
EHBA.DE vs. IQSA.DE - Expense Ratio Comparison
EHBA.DE has a 0.39% expense ratio, which is higher than IQSA.DE's 0.30% expense ratio.
Dividends
EHBA.DE vs. IQSA.DE - Dividend Comparison
Neither EHBA.DE nor IQSA.DE has paid dividends to shareholders.
Frequently Asked Questions
EHBA.DE and IQSA.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQSA.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQSA.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for EHBA.DE.
EHBA.DE is categorized as European Corporate Bonds, while IQSA.DE is Global Equities. Their fees differ too: 0.39% for EHBA.DE and 0.30% for IQSA.DE.
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