ICLU.L vs. IGDA.L
ICLU.L (Invesco USD AAA CLO UCITS ETF Acc) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both exchange-traded funds - ICLU.L is a CLO fund actively managed by Invesco, while IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index. ICLU.L is actively managed, while IGDA.L is passively managed. Over the past year, ICLU.L returned 5.34% vs 36.37% for IGDA.L. At a 0.06 correlation, their price movements are largely independent. ICLU.L charges 0.25%/yr vs 0.40%/yr for IGDA.L.
Performance
ICLU.L vs. IGDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, ICLU.L achieves a 2.17% return, which is significantly lower than IGDA.L's 15.60% return.
ICLU.L
- 1D
- 0.00%
- 1M
- 0.47%
- YTD
- 2.17%
- 6M
- 2.52%
- 1Y
- 5.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGDA.L
- 1D
- -0.69%
- 1M
- 7.36%
- YTD
- 15.60%
- 6M
- 16.55%
- 1Y
- 36.37%
- 3Y*
- 21.50%
- 5Y*
- —
- 10Y*
- —
ICLU.L vs. IGDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ICLU.L Invesco USD AAA CLO UCITS ETF Acc | 2.17% | 4.23% |
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc | 15.60% | 15.63% |
Correlation
The correlation between ICLU.L and IGDA.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025 | 0.06 |
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Return for Risk
ICLU.L vs. IGDA.L — Risk / Return Rank
ICLU.L
IGDA.L
ICLU.L vs. IGDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco USD AAA CLO UCITS ETF Acc (ICLU.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.
| ICLU.L | IGDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 2.27 | 1.45 | +0.82 |
| Calmar ratioReturn relative to maximum drawdown | 8.47 | 3.73 | +4.74 |
| Martin ratioReturn relative to average drawdown | 39.67 | 15.93 | +23.75 |
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
| ICLU.L | IGDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.22 | 2.58 | +1.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.37 | 0.85 | +2.51 |
Drawdowns
ICLU.L vs. IGDA.L - Drawdown Comparison
The maximum ICLU.L drawdown since its inception was -0.91%, smaller than the maximum IGDA.L drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for ICLU.L and IGDA.L.
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Drawdown Indicators
| ICLU.L | IGDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.91% | -24.18% | +23.27% |
Max Drawdown (1Y)Largest decline over 1 year | -0.63% | -9.71% | +9.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.12% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.69% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -5.19% | +5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 2.28% | -2.15% |
Volatility
ICLU.L vs. IGDA.L - Volatility Comparison
The current volatility for Invesco USD AAA CLO UCITS ETF Acc (ICLU.L) is 0.19%, while Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a volatility of 4.58%. This indicates that ICLU.L experiences smaller price fluctuations and is considered to be less risky than IGDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICLU.L | IGDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 4.58% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 0.82% | 10.76% | -9.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.26% | 14.05% | -12.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.46% | 18.65% | -17.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.46% | 18.65% | -17.19% |
ICLU.L vs. IGDA.L - Expense Ratio Comparison
ICLU.L has a 0.25% expense ratio, which is lower than IGDA.L's 0.40% expense ratio.
Dividends
ICLU.L vs. IGDA.L - Dividend Comparison
Neither ICLU.L nor IGDA.L has paid dividends to shareholders.
Frequently Asked Questions
ICLU.L and IGDA.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICLU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICLU.L is cheaper with a 0.25% expense ratio, compared with 0.40% for IGDA.L.
ICLU.L is categorized as CLO, while IGDA.L is Global Equities. Their fees differ too: 0.25% for ICLU.L and 0.40% for IGDA.L.
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