IQSA.DE vs. GC=F

Last updated Jun 9, 2026

IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) is Global Equities fund actively managed by Invesco, while GC=F (Gold Futures) is an asset. At a correlation of -0.07, they often move in opposite directions.

Performance

IQSA.DE vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) and Gold Futures (GC=F). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IQSA.DE is traded in EUR, while GC=F is traded in USD. To make them comparable, the GC=F values have been converted to EUR using the latest available exchange rates.

Returns By Period

IQSA.DE

• 1D: 0.23%
• 1M: 4.03%
• YTD: 13.87%
• 6M: 15.17%
• 1Y: 26.79%
• 3Y*: 21.45%
• 5Y*: 15.18%
• 10Y*: —

GC=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IQSA.DE vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc	13.87%	9.64%	29.92%	20.23%	-4.96%
GC=F Gold Futures	0.00%	0.00%	0.00%	0.00%	13.25%

Correlation

The correlation between IQSA.DE and GC=F is -0.07, 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 (All Time) Calculated using the full available price history since Jan 31, 2022	-0.07

Return for Risk

IQSA.DE vs. GC=F — Risk / Return Rank

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

IQSA.DE

IQSA.DE Risk / Return Rank: 81
IQSA.DE Sharpe Ratio Rank: 76
IQSA.DE Sortino Ratio Rank: 80
IQSA.DE Omega Ratio Rank: 75
IQSA.DE Calmar Ratio Rank: 86
IQSA.DE Martin Ratio Rank: 88

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.

IQSA.DE vs. GC=F - 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 Gold Futures (GC=F). 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	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	2.18	—	—
Sortino ratio: Return per unit of downside risk	3.19	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	4.33	—	—
Martin ratio: Return relative to average drawdown	17.29	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IQSA.DE	GC=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	—	—

Drawdowns

Drawdown Indicators

	IQSA.DE	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-34.12%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-6.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.35%	—	—
Current Drawdown Current decline from peak	-1.14%	—	—
Average Drawdown Average peak-to-trough decline	-4.81%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	—	—

Volatility

Volatility by Period

	IQSA.DE	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.30%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.73%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	—	—

Frequently Asked Questions

Can I hold both IQSA.DE and GC=F in my portfolio?

IQSA.DE and GC=F have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.