HDLV.DE vs. IQSA.DE
HDLV.DE (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - HDLV.DE is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Net Total Return Index, while IQSA.DE is a Global Equities fund actively managed by Invesco. HDLV.DE is passively managed, while IQSA.DE is actively managed. Over the past 5 years, HDLV.DE returned 7.63%/yr vs 15.34%/yr for IQSA.DE. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
HDLV.DE vs. IQSA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HDLV.DE achieves a 12.89% return, which is significantly lower than IQSA.DE's 18.17% return.
HDLV.DE
- 1D
- 0.44%
- 1M
- 6.78%
- 6M
- 13.04%
- YTD
- 12.89%
- 1Y
- 14.06%
- 3Y*
- 9.63%
- 5Y*
- 7.63%
- 10Y*
- 6.48%
IQSA.DE
- 1D
- 0.41%
- 1M
- 2.82%
- 6M
- 18.46%
- YTD
- 18.17%
- 1Y
- 32.16%
- 3Y*
- 21.64%
- 5Y*
- 15.34%
- 10Y*
- —
HDLV.DE vs. IQSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 12.89% | -8.06% | 23.32% | -2.45% | 6.28% | 35.97% | -19.13% | 4.99% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 18.17% | 9.64% | 29.92% | 20.23% | -9.31% | 35.68% | 0.13% | -2.66% |
Correlation
The correlation between HDLV.DE and IQSA.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.58 |
Over the past year, the correlation between HDLV.DE and IQSA.DE has dropped to 0.16 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
HDLV.DE vs. IQSA.DE — Risk / Return Rank
HDLV.DE
IQSA.DE
HDLV.DE vs. IQSA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.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.
| HDLV.DE | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.47 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 5.16 | -3.03 |
| Martin ratioReturn relative to average drawdown | 5.44 | 21.31 | -15.87 |
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Drawdowns
HDLV.DE vs. IQSA.DE - Drawdown Comparison
The maximum HDLV.DE drawdown since its inception was -39.21%, which is greater than IQSA.DE's maximum drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for HDLV.DE and IQSA.DE.
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Drawdown Indicators
| HDLV.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.21% | -34.12% | -5.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -6.20% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -19.09% | -21.35% | +2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | -21.35% | +1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -39.21% | — | — |
Current DrawdownCurrent decline from peak | -2.47% | -0.65% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -4.76% | -3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 1.51% | +1.07% |
Volatility
HDLV.DE vs. IQSA.DE - Volatility Comparison
Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) have volatilities of 3.52% and 3.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDLV.DE | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 3.46% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 9.12% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.99% | 12.47% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 14.76% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 17.21% | -0.11% |
HDLV.DE vs. IQSA.DE - Expense Ratio Comparison
Both HDLV.DE and IQSA.DE have an expense ratio of 0.30%.
Dividends
HDLV.DE vs. IQSA.DE - Dividend Comparison
HDLV.DE's dividend yield for the trailing twelve months is around 3.47%, while IQSA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 3.47% | 4.01% | 3.43% | 4.14% | 3.60% | 3.24% | 4.64% | 3.68% | 3.70% | 3.22% | 2.93% | 1.86% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HDLV.DE and IQSA.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HDLV.DE and IQSA.DE have the same expense ratio: 0.30% per year.
HDLV.DE is categorized as Dividend, while IQSA.DE is Global Equities.
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