IGDA.L vs. VPAC.L

Last updated Jul 16, 2026

IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) and VPAC.L (Invesco Variable Rate Preferred Shares UCITS ETF USD) are both Global Equities funds from Invesco - IGDA.L tracks the Dow Jones Islamic Market Developed Markets Index while VPAC.L tracks the Invesco Variable Rate Preferred Shares UCITS ETF USD. Both are passively managed. Over the past 3 years, IGDA.L returned 18.23%/yr vs 8.42%/yr for VPAC.L. A 0.51 correlation means they provide meaningful diversification when combined. IGDA.L charges 0.40%/yr vs 0.50%/yr for VPAC.L.

Performance

IGDA.L vs. VPAC.L - 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 Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGDA.L achieves a 12.26% return, which is significantly higher than VPAC.L's 2.04% return.

IGDA.L

• 1D: -0.23%
• 1M: -1.78%
• 6M: 10.83%
• YTD: 12.26%
• 1Y: 25.93%
• 3Y*: 18.23%
• 5Y*: —
• 10Y*: —

VPAC.L

• 1D: -0.12%
• 1M: 0.03%
• 6M: 1.83%
• YTD: 2.04%
• 1Y: 5.32%
• 3Y*: 8.42%
• 5Y*: 3.51%
• 10Y*: —

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

IGDA.L vs. VPAC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	12.26%	18.76%	17.94%	29.70%	-20.97%
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD	2.04%	6.34%	10.84%	9.27%	-9.19%

Correlation

The correlation between IGDA.L and VPAC.L is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022	0.51

The correlation between IGDA.L and VPAC.L has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.

Return for Risk

IGDA.L vs. VPAC.L — 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: 67
IGDA.L Sharpe Ratio Rank: 67
IGDA.L Sortino Ratio Rank: 70
IGDA.L Omega Ratio Rank: 63
IGDA.L Calmar Ratio Rank: 66
IGDA.L Martin Ratio Rank: 69

VPAC.L

VPAC.L Risk / Return Rank: 65
VPAC.L Sharpe Ratio Rank: 60
VPAC.L Sortino Ratio Rank: 64
VPAC.L Omega Ratio Rank: 67
VPAC.L Calmar Ratio Rank: 63
VPAC.L Martin Ratio Rank: 69

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. VPAC.L - 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 Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.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.

	IGDA.L	VPAC.L	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.63	+0.12
Sortino ratio: Return per unit of downside risk	2.54	2.40	+0.14
Omega ratio: Gain probability vs. loss probability	1.31	1.32	-0.01
Calmar ratio: Return relative to maximum drawdown	2.66	2.54	+0.12
Martin ratio: Return relative to average drawdown	10.04	9.98	+0.06

IGDA.L vs. VPAC.L - Sharpe Ratio Comparison

The current IGDA.L Sharpe Ratio is 1.75, which is comparable to the VPAC.L Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of IGDA.L and VPAC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGDA.L vs. VPAC.L - Drawdown Comparison

The maximum IGDA.L drawdown since its inception was -27.14%, smaller than the maximum VPAC.L drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for IGDA.L and VPAC.L.

Drawdown Indicators

	IGDA.L	VPAC.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.14%	-34.25%	+7.11%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	-2.02%	-7.67%
Max Drawdown (3Y) Largest decline over 3 years	-20.14%	-3.40%	-16.74%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.89%	—
Current Drawdown Current decline from peak	-3.55%	-0.33%	-3.22%
Average Drawdown Average peak-to-trough decline	-6.96%	-3.14%	-3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	0.52%	+2.06%

Volatility

IGDA.L vs. VPAC.L - Volatility Comparison

Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a higher volatility of 4.17% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.L) at 0.74%. This indicates that IGDA.L's price experiences larger fluctuations and is considered to be riskier than VPAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGDA.L	VPAC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	0.74%	+3.43%
Volatility (6M) Calculated over the trailing 6-month period	11.86%	2.28%	+9.58%
Volatility (1Y) Calculated over the trailing 1-year period	14.79%	3.17%	+11.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.67%	5.30%	+12.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.67%	11.00%	+6.67%

IGDA.L vs. VPAC.L - Expense Ratio Comparison

IGDA.L has a 0.40% expense ratio, which is lower than VPAC.L's 0.50% expense ratio.

Dividends

IGDA.L vs. VPAC.L - Dividend Comparison

Neither IGDA.L nor VPAC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

IGDA.L and VPAC.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGDA.L or VPAC.L?

On fees, IGDA.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGDA.L or VPAC.L?

IGDA.L is cheaper with a 0.40% expense ratio, compared with 0.50% for VPAC.L.

What is the main difference between IGDA.L and VPAC.L?

IGDA.L tracks Dow Jones Islamic Market Developed Markets Index, while VPAC.L tracks Invesco Variable Rate Preferred Shares UCITS ETF USD. Their fees differ too: 0.40% for IGDA.L and 0.50% for VPAC.L.