IQSA.DE vs. JCL0.DE
IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) and JCL0.DE (Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc) are both exchange-traded funds - IQSA.DE is a Global Equities fund actively managed by Invesco, while JCL0.DE is a CLO fund actively managed by Janus Henderson. Both are actively managed. Over the past year, IQSA.DE returned 34.22% vs 3.22% for JCL0.DE. At a 0.03 correlation, their price movements are largely independent. IQSA.DE charges 0.30%/yr vs 0.25%/yr for JCL0.DE.
Performance
IQSA.DE vs. JCL0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQSA.DE achieves a 17.73% return, which is significantly higher than JCL0.DE's 1.43% return.
IQSA.DE
- 1D
- 0.13%
- 1M
- 4.18%
- YTD
- 17.73%
- 6M
- 18.41%
- 1Y
- 34.22%
- 3Y*
- 22.76%
- 5Y*
- 15.57%
- 10Y*
- —
JCL0.DE
- 1D
- 0.00%
- 1M
- 0.25%
- YTD
- 1.43%
- 6M
- 1.48%
- 1Y
- 3.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQSA.DE vs. JCL0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 17.73% | 9.64% | -0.99% |
JCL0.DE Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc | 1.43% | 3.57% | 0.07% |
Correlation
The correlation between IQSA.DE and JCL0.DE is 0.08, 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 | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024 | 0.03 |
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Return for Risk
IQSA.DE vs. JCL0.DE — Risk / Return Rank
IQSA.DE
JCL0.DE
IQSA.DE vs. JCL0.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 Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc (JCL0.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 | JCL0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.79 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 5.50 | 7.06 | -1.56 |
| Martin ratioReturn relative to average drawdown | 22.71 | 38.28 | -15.57 |
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Drawdowns
IQSA.DE vs. JCL0.DE - Drawdown Comparison
The maximum IQSA.DE drawdown since its inception was -34.12%, which is greater than JCL0.DE's maximum drawdown of -0.70%. Use the drawdown chart below to compare losses from any high point for IQSA.DE and JCL0.DE.
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Drawdown Indicators
| IQSA.DE | JCL0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -0.70% | -33.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -0.45% | -5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.04% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -0.08% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 0.08% | +1.42% |
Volatility
IQSA.DE vs. JCL0.DE - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a higher volatility of 3.12% compared to Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc (JCL0.DE) at 0.28%. This indicates that IQSA.DE's price experiences larger fluctuations and is considered to be riskier than JCL0.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 | JCL0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 0.28% | +2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.06% | 0.79% | +8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.40% | 0.97% | +11.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.76% | 1.26% | +13.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 1.26% | +15.97% |
IQSA.DE vs. JCL0.DE - Expense Ratio Comparison
IQSA.DE has a 0.30% expense ratio, which is higher than JCL0.DE's 0.25% expense ratio.
Dividends
IQSA.DE vs. JCL0.DE - Dividend Comparison
Neither IQSA.DE nor JCL0.DE has paid dividends to shareholders.
Frequently Asked Questions
IQSA.DE and JCL0.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JCL0.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JCL0.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for IQSA.DE.
IQSA.DE is categorized as Global Equities, while JCL0.DE is CLO. They also come from different issuers: Invesco and Janus Henderson. Their fees differ too: 0.30% for IQSA.DE and 0.25% for JCL0.DE.
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