ESGG.L vs. IQCY.L

Last updated Jun 5, 2026

ESGG.L (Invesco MSCI World ESG Universal Screened UCITS ETF Acc) and IQCY.L (Lyxor MSCI Smart Cities ESG Filtered (DR) UCITS ETF - Acc) are both Global Equities funds - ESGG.L tracks the MSCI ACWI NR USD while IQCY.L tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 5 years, ESGG.L returned 12.71%/yr vs 48.80%/yr for IQCY.L. A 0.55 correlation means they provide meaningful diversification when combined. ESGG.L charges 0.19%/yr vs 0.45%/yr for IQCY.L.

Performance

ESGG.L vs. IQCY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGG.L) and Lyxor MSCI Smart Cities ESG Filtered (DR) UCITS ETF - Acc (IQCY.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESGG.L is traded in GBp, while IQCY.L is traded in GBP. To make them comparable, the IQCY.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ESGG.L achieves a 10.66% return, which is significantly lower than IQCY.L's 30.19% return.

ESGG.L

• 1D: -0.24%
• 1M: 5.42%
• YTD: 10.66%
• 6M: 10.86%
• 1Y: 26.96%
• 3Y*: 17.61%
• 5Y*: 12.71%
• 10Y*: —

IQCY.L

• 1D: -1.35%
• 1M: 11.12%
• YTD: 30.19%
• 6M: 28.29%
• 1Y: 50.00%
• 3Y*: 92.20%
• 5Y*: 48.80%
• 10Y*: —

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

ESGG.L vs. IQCY.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESGG.L Invesco MSCI World ESG Universal Screened UCITS ETF Acc	10.66%	12.19%	20.44%	19.21%	-11.17%	22.81%	23.42%
IQCY.L Lyxor MSCI Smart Cities ESG Filtered (DR) UCITS ETF - Acc	30.19%	14.12%	342.87%	17.77%	-16.95%	17.73%	34.37%

Correlation

The correlation between ESGG.L and IQCY.L 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 (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since May 1, 2020	0.55

Over the past year, ESGG.L and IQCY.L have become more correlated (0.83) than their long-term average of 0.55, meaning their price movements have been converging.

ESGG.L vs. IQCY.L - Sectors Allocation Comparison

Sectors	ESGG.L	IQCY.L
Technology	31.4%	45.0%
Financial Services	19.3%	0.5%
Industrials	10.6%	46.5%
Healthcare	9.1%	0.1%
Consumer Cyclical	8.3%	0.7%
Communication Services	7.0%	2.7%
Consumer Defensive	4.7%	0.0%
Basic Materials	3.1%	1.4%
Energy	2.3%	0.0%
Real Estate	2.3%	0.0%
Utilities	2.0%	3.2%

Return for Risk

ESGG.L vs. IQCY.L — Risk / Return Rank

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

ESGG.L

ESGG.L Risk / Return Rank: 79
ESGG.L Sharpe Ratio Rank: 79
ESGG.L Sortino Ratio Rank: 79
ESGG.L Omega Ratio Rank: 81
ESGG.L Calmar Ratio Rank: 76
ESGG.L Martin Ratio Rank: 78

IQCY.L

IQCY.L Risk / Return Rank: 88
IQCY.L Sharpe Ratio Rank: 91
IQCY.L Sortino Ratio Rank: 91
IQCY.L Omega Ratio Rank: 88
IQCY.L Calmar Ratio Rank: 89
IQCY.L Martin Ratio Rank: 81

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.

ESGG.L vs. IQCY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGG.L) and Lyxor MSCI Smart Cities ESG Filtered (DR) UCITS ETF - Acc (IQCY.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.

	ESGG.L	IQCY.L	Difference
Sharpe ratio: Return per unit of total volatility	2.52	3.10	-0.58
Sortino ratio: Return per unit of downside risk	3.47	4.28	-0.80
Omega ratio: Gain probability vs. loss probability	1.48	1.54	-0.07
Calmar ratio: Return relative to maximum drawdown	3.77	5.29	-1.52
Martin ratio: Return relative to average drawdown	14.88	15.92	-1.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESGG.L vs. IQCY.L - Sharpe Ratio Comparison

The current ESGG.L Sharpe Ratio is 2.52, which is comparable to the IQCY.L Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of ESGG.L and IQCY.L, 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

	ESGG.L	IQCY.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	3.10	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.17	0.37	+0.80
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.39	+0.72

Drawdowns

ESGG.L vs. IQCY.L - Drawdown Comparison

The maximum ESGG.L drawdown since its inception was -23.30%, roughly equal to the maximum IQCY.L drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for ESGG.L and IQCY.L.

Drawdown Indicators

	ESGG.L	IQCY.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.30%	-22.65%	-0.65%
Max Drawdown (1Y) Largest decline over 1 year	-7.11%	-9.40%	+2.29%
Max Drawdown (3Y) Largest decline over 3 years	-18.64%	-21.98%	+3.34%
Max Drawdown (5Y) Largest decline over 5 years	-18.64%	-22.65%	+4.01%
Current Drawdown Current decline from peak	-0.39%	-1.35%	+0.96%
Average Drawdown Average peak-to-trough decline	-2.98%	-6.23%	+3.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	3.13%	-1.32%

Volatility

ESGG.L vs. IQCY.L - Volatility Comparison

The current volatility for Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGG.L) is 2.87%, while Lyxor MSCI Smart Cities ESG Filtered (DR) UCITS ETF - Acc (IQCY.L) has a volatility of 6.49%. This indicates that ESGG.L experiences smaller price fluctuations and is considered to be less risky than IQCY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGG.L	IQCY.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	6.49%	-3.62%
Volatility (6M) Calculated over the trailing 6-month period	7.87%	12.58%	-4.71%
Volatility (1Y) Calculated over the trailing 1-year period	10.64%	16.06%	-5.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	131.45%	-115.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.72%	119.50%	-99.78%

ESGG.L vs. IQCY.L - Expense Ratio Comparison

ESGG.L has a 0.19% expense ratio, which is lower than IQCY.L's 0.45% expense ratio.

Dividends

ESGG.L vs. IQCY.L - Dividend Comparison

Neither ESGG.L nor IQCY.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESGG.L and IQCY.L in my portfolio?

ESGG.L and IQCY.L 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, ESGG.L or IQCY.L?

On fees, ESGG.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESGG.L or IQCY.L?

ESGG.L is cheaper with a 0.19% expense ratio, compared with 0.45% for IQCY.L.

What is the main difference between ESGG.L and IQCY.L?

ESGG.L tracks MSCI ACWI NR USD, while IQCY.L tracks MSCI ACWI SMID NR USD. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for ESGG.L and 0.45% for IQCY.L.