IQSA.DE vs. CBUG.DE
IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) and CBUG.DE (iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist)) are both Global Equities funds. IQSA.DE is actively managed, while CBUG.DE is passively managed. Over the past 3 years, IQSA.DE returned 22.76%/yr vs 15.67%/yr for CBUG.DE. Their correlation of 0.85 suggests significant overlap in exposure. IQSA.DE charges 0.30%/yr vs 0.10%/yr for CBUG.DE.
Performance
IQSA.DE vs. CBUG.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IQSA.DE having a 17.73% return and CBUG.DE slightly higher at 18.13%.
IQSA.DE
- 1D
- 0.13%
- 1M
- 4.18%
- YTD
- 17.73%
- 6M
- 18.41%
- 1Y
- 34.22%
- 3Y*
- 22.76%
- 5Y*
- 15.57%
- 10Y*
- —
CBUG.DE
- 1D
- 0.65%
- 1M
- 4.21%
- YTD
- 18.13%
- 6M
- 18.13%
- 1Y
- 33.69%
- 3Y*
- 15.67%
- 5Y*
- —
- 10Y*
- —
IQSA.DE vs. CBUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 17.73% | 9.64% | 29.92% | 20.23% | -9.31% | 2.52% |
CBUG.DE iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) | 18.13% | 6.50% | 13.10% | 11.25% | -14.07% | 2.02% |
Correlation
The correlation between IQSA.DE and CBUG.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | 0.85 |
The correlation between IQSA.DE and CBUG.DE has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
IQSA.DE vs. CBUG.DE — Risk / Return Rank
IQSA.DE
CBUG.DE
IQSA.DE vs. CBUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) and iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE). 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.
| IQSA.DE | CBUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.43 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 5.50 | 4.63 | +0.87 |
| Martin ratioReturn relative to average drawdown | 22.71 | 17.68 | +5.03 |
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Drawdowns
IQSA.DE vs. CBUG.DE - Drawdown Comparison
The maximum IQSA.DE drawdown since its inception was -34.12%, which is greater than CBUG.DE's maximum drawdown of -24.57%. Use the drawdown chart below to compare losses from any high point for IQSA.DE and CBUG.DE.
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Drawdown Indicators
| IQSA.DE | CBUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -24.57% | -9.55% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -7.24% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -24.57% | +3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | 0.00% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -7.41% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.90% | -0.40% |
Volatility
IQSA.DE vs. CBUG.DE - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) is 3.12%, while iShares USD Treasury Bond 3-7yr UCITS ETF GBP hedged (Dist) (CBUG.DE) has a volatility of 3.37%. This indicates that IQSA.DE experiences smaller price fluctuations and is considered to be less risky than CBUG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQSA.DE | CBUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 3.37% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.06% | 10.00% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.40% | 13.98% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.76% | 16.66% | -1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 16.66% | +0.57% |
IQSA.DE vs. CBUG.DE - Expense Ratio Comparison
IQSA.DE has a 0.30% expense ratio, which is higher than CBUG.DE's 0.10% expense ratio.
Dividends
IQSA.DE vs. CBUG.DE - Dividend Comparison
Neither IQSA.DE nor CBUG.DE has paid dividends to shareholders.
Frequently Asked Questions
IQSA.DE and CBUG.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUG.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for IQSA.DE.
They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for IQSA.DE and 0.10% for CBUG.DE.
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