IESG.L vs. IQSS.L
IESG.L (iShares MSCI Europe SRI UCITS ETF) and IQSS.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both ESG funds. IESG.L is passively managed, while IQSS.L is actively managed. Over the past year, IESG.L returned 8.35% vs 32.16% for IQSS.L. A 0.71 correlation means they provide meaningful diversification when combined. IESG.L charges 0.20%/yr vs 0.60%/yr for IQSS.L.
Performance
IESG.L vs. IQSS.L - Performance Comparison
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Returns By Period
In the year-to-date period, IESG.L achieves a 6.07% return, which is significantly lower than IQSS.L's 14.34% return.
IESG.L
- 1D
- 0.99%
- 1M
- 3.90%
- YTD
- 6.07%
- 6M
- 7.58%
- 1Y
- 8.35%
- 3Y*
- 7.12%
- 5Y*
- 5.54%
- 10Y*
- 8.90%
IQSS.L
- 1D
- -0.06%
- 1M
- 6.33%
- YTD
- 14.34%
- 6M
- 15.71%
- 1Y
- 32.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IESG.L vs. IQSS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IESG.L iShares MSCI Europe SRI UCITS ETF | 6.07% | 8.44% | -5.31% |
IQSS.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.34% | 14.30% | 6.63% |
Correlation
The correlation between IESG.L and IQSS.L is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024 | 0.71 |
The correlation between IESG.L and IQSS.L has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.
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Return for Risk
IESG.L vs. IQSS.L — Risk / Return Rank
IESG.L
IQSS.L
IESG.L vs. IQSS.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 Global Active ESG Equity UCITS ETF USD Acc (IQSS.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.
| IESG.L | IQSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.54 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 4.70 | -3.97 |
| Martin ratioReturn relative to average drawdown | 2.41 | 19.62 | -17.21 |
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
| IESG.L | IQSS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 2.86 | -2.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 1.35 | -0.84 |
Drawdowns
IESG.L vs. IQSS.L - Drawdown Comparison
The maximum IESG.L drawdown since its inception was -25.95%, which is greater than IQSS.L's maximum drawdown of -18.91%. Use the drawdown chart below to compare losses from any high point for IESG.L and IQSS.L.
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Drawdown Indicators
| IESG.L | IQSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.95% | -18.91% | -7.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.32% | -6.81% | -4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -15.07% | — | — |
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 | 0.00% | -0.22% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -2.86% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 1.64% | +1.82% |
Volatility
IESG.L vs. IQSS.L - Volatility Comparison
iShares MSCI Europe SRI UCITS ETF (IESG.L) has a higher volatility of 3.93% compared to Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) at 3.21%. This indicates that IESG.L's price experiences larger fluctuations and is considered to be riskier than IQSS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IESG.L | IQSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 3.21% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 8.26% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.75% | 11.18% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 14.10% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.84% | 14.10% | +0.74% |
IESG.L vs. IQSS.L - Expense Ratio Comparison
IESG.L has a 0.20% expense ratio, which is lower than IQSS.L's 0.60% expense ratio.
Dividends
IESG.L vs. IQSS.L - Dividend Comparison
Neither IESG.L nor IQSS.L has paid dividends to shareholders.
Frequently Asked Questions
IESG.L and IQSS.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESG.L is cheaper with a 0.20% expense ratio, compared with 0.60% for IQSS.L.
They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for IESG.L and 0.60% for IQSS.L.
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