IESG.L vs. FASA.L
IESG.L (iShares MSCI Europe SRI UCITS ETF) and FASA.L (Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc)) are both exchange-traded funds - IESG.L is a ESG fund tracking the MSCI Europe SRI Select Reduced Fossil Fuel Index, while FASA.L is a Europe Equities fund tracking the FTSE All-Share ex Investment Trusts ESG Climate Select Index. Both are passively managed. Over the past 3 years, IESG.L returned 7.76%/yr vs 12.75%/yr for FASA.L. A 0.75 correlation means they provide meaningful diversification when combined. IESG.L charges 0.20%/yr vs 0.12%/yr for FASA.L.
Performance
IESG.L vs. FASA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IESG.L achieves a 7.43% return, which is significantly higher than FASA.L's 4.29% return.
IESG.L
- 1D
- -0.35%
- 1M
- -1.16%
- 6M
- 4.35%
- YTD
- 7.43%
- 1Y
- 9.06%
- 3Y*
- 7.76%
- 5Y*
- 5.24%
- 10Y*
- 8.44%
FASA.L
- 1D
- 0.23%
- 1M
- 0.95%
- 6M
- 2.56%
- YTD
- 4.29%
- 1Y
- 14.66%
- 3Y*
- 12.75%
- 5Y*
- —
- 10Y*
- —
IESG.L vs. FASA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IESG.L iShares MSCI Europe SRI UCITS ETF | 7.43% | 8.44% | 0.88% | 14.27% | -9.89% | 2.42% |
FASA.L Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc) | 4.29% | 21.28% | 9.36% | 4.57% | -2.43% | 3.75% |
Correlation
The correlation between IESG.L and FASA.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.75 |
The correlation between IESG.L and FASA.L has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.
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Return for Risk
IESG.L vs. FASA.L — Risk / Return Rank
IESG.L
FASA.L
IESG.L vs. FASA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe SRI UCITS ETF (IESG.L) and Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc) (FASA.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.
| IESG.L | FASA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.43 | -0.63 |
| Martin ratioReturn relative to average drawdown | 2.63 | 4.47 | -1.84 |
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Drawdowns
IESG.L vs. FASA.L - Drawdown Comparison
The maximum IESG.L drawdown since its inception was -33.61%, which is greater than FASA.L's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for IESG.L and FASA.L.
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Drawdown Indicators
| IESG.L | FASA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.61% | -12.64% | -20.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.32% | -10.95% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -15.07% | -12.35% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.95% | — | — |
Current DrawdownCurrent decline from peak | -2.33% | -2.45% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -3.12% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 3.50% | -0.06% |
Volatility
IESG.L vs. FASA.L - Volatility Comparison
iShares MSCI Europe SRI UCITS ETF (IESG.L) and Invesco FTSE All Share Screened & Tilted UCITS ETF GBP (Acc) (FASA.L) have volatilities of 3.49% and 3.42%, 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
| IESG.L | FASA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 3.42% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 9.94% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.93% | 11.79% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 13.10% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 13.10% | +2.68% |
IESG.L vs. FASA.L - Expense Ratio Comparison
IESG.L has a 0.20% expense ratio, which is higher than FASA.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IESG.L vs. FASA.L - Dividend Comparison
Neither IESG.L nor FASA.L has paid dividends to shareholders.
Frequently Asked Questions
IESG.L and FASA.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FASA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FASA.L is cheaper with a 0.12% expense ratio, compared with 0.20% for IESG.L.
IESG.L is categorized as ESG, while FASA.L is Europe Equities. IESG.L tracks MSCI Europe SRI Select Reduced Fossil Fuel Index, while FASA.L tracks FTSE All-Share ex Investment Trusts ESG Climate Select Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for IESG.L and 0.12% for FASA.L.
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