ESES.L vs. XWQS.L
ESES.L (Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc)) and XWQS.L (Xtrackers MSCI World Quality ESG UCITS ETF 1C) are both exchange-traded funds - ESES.L is a Emerging Markets Equities fund tracking the MSCI EM Universal Select Business Screens Index, while XWQS.L is a ESG fund tracking the MSCI World Quality Low Carbon SRI Screened Select Index. Both are passively managed. Over the past 3 years, ESES.L returned 18.07%/yr vs 18.11%/yr for XWQS.L. A 0.53 correlation means they provide meaningful diversification when combined. ESES.L charges 0.19%/yr vs 0.25%/yr for XWQS.L.
Performance
ESES.L vs. XWQS.L - Performance Comparison
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Different Trading Currencies
ESES.L is traded in GBp, while XWQS.L is traded in GBP. To make them comparable, the XWQS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESES.L achieves a 20.07% return, which is significantly higher than XWQS.L's 12.26% return.
ESES.L
- 1D
- -1.40%
- 1M
- -8.29%
- 6M
- 13.84%
- YTD
- 20.07%
- 1Y
- 35.10%
- 3Y*
- 18.07%
- 5Y*
- 6.99%
- 10Y*
- —
XWQS.L
- 1D
- 0.00%
- 1M
- 1.28%
- 6M
- 8.25%
- YTD
- 12.26%
- 1Y
- 26.75%
- 3Y*
- 18.11%
- 5Y*
- —
- 10Y*
- —
ESES.L vs. XWQS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ESES.L Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) | 20.07% | 24.05% | 7.54% | 1.99% |
XWQS.L Xtrackers MSCI World Quality ESG UCITS ETF 1C | 12.26% | 9.12% | 20.95% | -12.78% |
Correlation
The correlation between ESES.L and XWQS.L is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.53 |
The correlation between ESES.L and XWQS.L has been stable across timeframes, ranging from 0.53 to 0.54 - a consistent structural relationship.
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Return for Risk
ESES.L vs. XWQS.L — Risk / Return Rank
ESES.L
XWQS.L
ESES.L vs. XWQS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.L) and Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWQS.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.
| ESES.L | XWQS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.40 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 1.04 | +2.20 |
| Martin ratioReturn relative to average drawdown | 9.91 | 1.53 | +8.38 |
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Drawdowns
ESES.L vs. XWQS.L - Drawdown Comparison
The maximum ESES.L drawdown since its inception was -23.59%, smaller than the maximum XWQS.L drawdown of -25.70%. Use the drawdown chart below to compare losses from any high point for ESES.L and XWQS.L.
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Drawdown Indicators
| ESES.L | XWQS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.59% | -25.70% | +2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -25.70% | +14.91% |
Max Drawdown (3Y)Largest decline over 3 years | -23.59% | -25.70% | +2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -23.59% | — | — |
Current DrawdownCurrent decline from peak | -10.05% | -13.30% | +3.25% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -11.33% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 17.48% | -13.95% |
Volatility
ESES.L vs. XWQS.L - Volatility Comparison
Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.L) has a higher volatility of 7.19% compared to Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWQS.L) at 3.38%. This indicates that ESES.L's price experiences larger fluctuations and is considered to be riskier than XWQS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESES.L | XWQS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 3.38% | +3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 17.05% | 8.49% | +8.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 43.31% | -24.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.67% | 30.20% | -8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,195.40% | 30.20% | +3,165.20% |
ESES.L vs. XWQS.L - Expense Ratio Comparison
ESES.L has a 0.19% expense ratio, which is lower than XWQS.L's 0.25% 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
ESES.L vs. XWQS.L - Dividend Comparison
Neither ESES.L nor XWQS.L has paid dividends to shareholders.
Frequently Asked Questions
ESES.L and XWQS.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESES.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESES.L is cheaper with a 0.19% expense ratio, compared with 0.25% for XWQS.L.
ESES.L is categorized as Emerging Markets Equities, while XWQS.L is ESG. ESES.L tracks MSCI EM Universal Select Business Screens Index, while XWQS.L tracks MSCI World Quality Low Carbon SRI Screened Select Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.19% for ESES.L and 0.25% for XWQS.L.
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