IQSA.DE vs. MVEW.DE
IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds. IQSA.DE is actively managed, while MVEW.DE is passively managed. Over the past 5 years, IQSA.DE returned 15.45%/yr vs 6.47%/yr for MVEW.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
IQSA.DE vs. MVEW.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 MVEW.DE's 1.17% return.
IQSA.DE
- 1D
- -0.11%
- 1M
- 6.18%
- YTD
- 14.81%
- 6M
- 16.74%
- 1Y
- 28.62%
- 3Y*
- 22.03%
- 5Y*
- 15.45%
- 10Y*
- —
MVEW.DE
- 1D
- 0.07%
- 1M
- 1.79%
- YTD
- 1.17%
- 6M
- 1.16%
- 1Y
- 0.46%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
IQSA.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.81% | 9.64% | 29.92% | 20.24% | -9.32% | 35.68% | 18.43% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 26.26% | 1.55% |
Correlation
The correlation between IQSA.DE and MVEW.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.75 |
Over the past year, the correlation between IQSA.DE and MVEW.DE has dropped to 0.46 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
IQSA.DE vs. MVEW.DE — Risk / Return Rank
IQSA.DE
MVEW.DE
IQSA.DE vs. MVEW.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 Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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 | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.02 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 0.10 | +4.50 |
| Martin ratioReturn relative to average drawdown | 18.23 | 0.20 | +18.03 |
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 | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 0.06 | +2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.62 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.63 | +0.31 |
Drawdowns
IQSA.DE vs. MVEW.DE - Drawdown Comparison
The maximum IQSA.DE drawdown since its inception was -34.11%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for IQSA.DE and MVEW.DE.
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Drawdown Indicators
| IQSA.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -13.19% | -20.92% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -4.68% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -13.19% | -8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | -13.19% | -8.16% |
Current DrawdownCurrent decline from peak | -0.33% | -5.75% | +5.42% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -3.83% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 2.27% | -0.70% |
Volatility
IQSA.DE vs. MVEW.DE - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a higher volatility of 3.32% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that IQSA.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.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 | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 2.58% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 5.42% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 7.97% | +4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.71% | 10.25% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 10.82% | +5.92% |
IQSA.DE vs. MVEW.DE - Expense Ratio Comparison
Both IQSA.DE and MVEW.DE have an expense ratio of 0.30%.
Dividends
IQSA.DE vs. MVEW.DE - Dividend Comparison
Neither IQSA.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
IQSA.DE and MVEW.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IQSA.DE and MVEW.DE have the same expense ratio: 0.30% per year.
They also come from different issuers: Invesco and iShares.
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