IGDA.L vs. MAA

Last updated Jun 5, 2026

IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) is Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index, while MAA (Mid-America Apartment Communities, Inc.) is a stock. Over the past 3 years, IGDA.L returned 21.23%/yr vs 1.09%/yr for MAA. At a 0.16 correlation, their price movements are largely independent.

Performance

IGDA.L vs. MAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and Mid-America Apartment Communities, Inc. (MAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGDA.L achieves a 15.04% return, which is significantly higher than MAA's 0.87% return.

IGDA.L

• 1D: -0.48%
• 1M: 6.32%
• YTD: 15.04%
• 6M: 15.93%
• 1Y: 34.82%
• 3Y*: 21.23%
• 5Y*: —
• 10Y*: —

MAA

• 1D: 3.27%
• 1M: 5.16%
• YTD: 0.87%
• 6M: 5.47%
• 1Y: -5.73%
• 3Y*: 1.09%
• 5Y*: -0.02%
• 10Y*: 7.19%

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

IGDA.L vs. MAA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	15.04%	18.74%	17.94%	29.72%	-14.30%
MAA Mid-America Apartment Communities, Inc.	0.87%	-6.36%	19.94%	-10.44%	-21.68%

Correlation

The correlation between IGDA.L and MAA is 0.00, 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	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.16

The correlation between IGDA.L and MAA shifts across timeframes, from 0.00 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IGDA.L vs. MAA — Risk / Return Rank

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

IGDA.L

IGDA.L Risk / Return Rank: 76
IGDA.L Sharpe Ratio Rank: 77
IGDA.L Sortino Ratio Rank: 79
IGDA.L Omega Ratio Rank: 74
IGDA.L Calmar Ratio Rank: 73
IGDA.L Martin Ratio Rank: 79

MAA

MAA Risk / Return Rank: 28
MAA Sharpe Ratio Rank: 28
MAA Sortino Ratio Rank: 24
MAA Omega Ratio Rank: 25
MAA Calmar Ratio Rank: 32
MAA Martin Ratio Rank: 32

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.

IGDA.L vs. MAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and Mid-America Apartment Communities, Inc. (MAA). 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.

	IGDA.L	MAA	Difference
Sharpe ratio: Return per unit of total volatility	2.47	-0.31	+2.78
Sortino ratio: Return per unit of downside risk	3.51	-0.32	+3.83
Omega ratio: Gain probability vs. loss probability	1.44	0.96	+0.47
Calmar ratio: Return relative to maximum drawdown	3.57	-0.30	+3.87
Martin ratio: Return relative to average drawdown	15.24	-0.52	+15.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGDA.L vs. MAA - Sharpe Ratio Comparison

The current IGDA.L Sharpe Ratio is 2.47, which is higher than the MAA Sharpe Ratio of -0.31. The chart below compares the historical Sharpe Ratios of IGDA.L and MAA, 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

	IGDA.L	MAA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	-0.31	+2.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.00	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.44	+0.40

Drawdowns

IGDA.L vs. MAA - Drawdown Comparison

The maximum IGDA.L drawdown since its inception was -24.18%, smaller than the maximum MAA drawdown of -60.29%. Use the drawdown chart below to compare losses from any high point for IGDA.L and MAA.

Drawdown Indicators

	IGDA.L	MAA	Difference
Max Drawdown Largest peak-to-trough decline	-24.18%	-60.29%	+36.11%
Max Drawdown (1Y) Largest decline over 1 year	-9.71%	-19.49%	+9.78%
Max Drawdown (3Y) Largest decline over 3 years	-20.12%	-26.41%	+6.29%
Max Drawdown (5Y) Largest decline over 5 years	—	-45.01%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.01%	—
Current Drawdown Current decline from peak	-1.17%	-28.72%	+27.55%
Average Drawdown Average peak-to-trough decline	-5.19%	-10.39%	+5.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	10.99%	-8.71%

Volatility

IGDA.L vs. MAA - Volatility Comparison

The current volatility for Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) is 4.65%, while Mid-America Apartment Communities, Inc. (MAA) has a volatility of 5.75%. This indicates that IGDA.L experiences smaller price fluctuations and is considered to be less risky than MAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGDA.L	MAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	5.75%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	10.78%	14.19%	-3.41%
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	18.71%	-4.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.64%	22.17%	-3.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	24.14%	-5.50%

Dividends

IGDA.L vs. MAA - Dividend Comparison

IGDA.L has not paid dividends to shareholders, while MAA's dividend yield for the trailing twelve months is around 4.45%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGDA.L Invesco Dow Jones Islamic Global Developed Markets 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%
MAA Mid-America Apartment Communities, Inc.	4.45%	4.36%	3.80%	4.96%	2.98%	1.79%	3.16%	2.91%	3.86%	3.46%	3.35%	3.39%

Frequently Asked Questions

Can I hold both IGDA.L and MAA in my portfolio?

IGDA.L and MAA have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.