IQSA.DE vs. ETLQ.DE
IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) and ETLQ.DE (L&G Global Equity UCITS ETF) are both Global Equities funds. IQSA.DE is actively managed, while ETLQ.DE is passively managed. Over the past 5 years, IQSA.DE returned 15.45%/yr vs 13.10%/yr for ETLQ.DE. Their correlation of 0.93 suggests significant overlap in exposure. IQSA.DE charges 0.30%/yr vs 0.10%/yr for ETLQ.DE.
Performance
IQSA.DE vs. ETLQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQSA.DE achieves a 14.81% return, which is significantly higher than ETLQ.DE's 10.88% return.
IQSA.DE
- 1D
- -0.11%
- 1M
- 4.49%
- YTD
- 14.81%
- 6M
- 16.12%
- 1Y
- 28.39%
- 3Y*
- 22.03%
- 5Y*
- 15.45%
- 10Y*
- —
ETLQ.DE
- 1D
- 0.00%
- 1M
- 3.89%
- YTD
- 10.88%
- 6M
- 10.99%
- 1Y
- 23.85%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
IQSA.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.81% | 9.64% | 29.92% | 20.24% | -9.32% | 35.68% | 0.13% | 13.13% |
ETLQ.DE L&G Global Equity UCITS ETF | 10.88% | 8.14% | 26.10% | 20.83% | -13.64% | 32.63% | 5.63% | 13.43% |
Correlation
The correlation between IQSA.DE and ETLQ.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2019 | 0.93 |
The correlation between IQSA.DE and ETLQ.DE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
IQSA.DE vs. ETLQ.DE — Risk / Return Rank
IQSA.DE
ETLQ.DE
IQSA.DE vs. ETLQ.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 L&G Global Equity UCITS ETF (ETLQ.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.
| IQSA.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.39 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 3.56 | +1.03 |
| Martin ratioReturn relative to average drawdown | 18.23 | 14.23 | +4.00 |
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
| IQSA.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 2.13 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.92 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.93 | +0.01 |
Drawdowns
IQSA.DE vs. ETLQ.DE - Drawdown Comparison
The maximum IQSA.DE drawdown since its inception was -34.11%, roughly equal to the maximum ETLQ.DE drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for IQSA.DE and ETLQ.DE.
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Drawdown Indicators
| IQSA.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -33.38% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -6.68% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -21.58% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | -21.58% | +0.23% |
Current DrawdownCurrent decline from peak | -0.33% | -0.34% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -4.33% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.68% | -0.11% |
Volatility
IQSA.DE vs. ETLQ.DE - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a higher volatility of 3.32% compared to L&G Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that IQSA.DE's price experiences larger fluctuations and is considered to be riskier than ETLQ.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 | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 2.68% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 7.77% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 11.18% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.71% | 14.06% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 15.74% | +1.00% |
IQSA.DE vs. ETLQ.DE - Expense Ratio Comparison
IQSA.DE has a 0.30% expense ratio, which is higher than ETLQ.DE's 0.10% expense ratio.
Dividends
IQSA.DE vs. ETLQ.DE - Dividend Comparison
Neither IQSA.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, IQSA.DE and ETLQ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ETLQ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLQ.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for IQSA.DE.
They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.30% for IQSA.DE and 0.10% for ETLQ.DE.
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