IQSA.DE vs. N1ES.DE
IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) and N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both exchange-traded funds - IQSA.DE is a Global Equities fund actively managed by Invesco, while N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG. IQSA.DE is actively managed, while N1ES.DE is passively managed. Over the past 3 years, IQSA.DE returned 22.25%/yr vs 24.44%/yr for N1ES.DE. Their correlation of 0.81 suggests significant overlap in exposure. IQSA.DE charges 0.30%/yr vs 0.25%/yr for N1ES.DE.
Performance
IQSA.DE vs. N1ES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQSA.DE achieves a 18.12% return, which is significantly lower than N1ES.DE's 20.65% return.
IQSA.DE
- 1D
- -0.42%
- 1M
- 1.52%
- 6M
- 16.14%
- YTD
- 18.12%
- 1Y
- 32.17%
- 3Y*
- 22.25%
- 5Y*
- 15.25%
- 10Y*
- —
N1ES.DE
- 1D
- 0.00%
- 1M
- -0.96%
- 6M
- 20.55%
- YTD
- 20.65%
- 1Y
- 32.92%
- 3Y*
- 24.44%
- 5Y*
- —
- 10Y*
- —
IQSA.DE vs. N1ES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 18.12% | 9.64% | 29.92% | 20.23% | -9.31% | 6.59% |
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 20.65% | 8.26% | 33.55% | 51.62% | -29.13% | 10.00% |
Correlation
The correlation between IQSA.DE and N1ES.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2021 | 0.81 |
The correlation between IQSA.DE and N1ES.DE has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
IQSA.DE vs. N1ES.DE — Risk / Return Rank
IQSA.DE
N1ES.DE
IQSA.DE vs. N1ES.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 Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.32 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 5.17 | 3.05 | +2.12 |
| Martin ratioReturn relative to average drawdown | 21.31 | 8.55 | +12.76 |
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Drawdowns
IQSA.DE vs. N1ES.DE - Drawdown Comparison
The maximum IQSA.DE drawdown since its inception was -34.12%, which is greater than N1ES.DE's maximum drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for IQSA.DE and N1ES.DE.
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Drawdown Indicators
| IQSA.DE | N1ES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -29.96% | -4.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -10.86% | +4.66% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -26.65% | +5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | — | — |
Current DrawdownCurrent decline from peak | -0.69% | -1.78% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -8.36% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 3.86% | -2.35% |
Volatility
IQSA.DE vs. N1ES.DE - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) is 3.30%, while Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a volatility of 6.12%. This indicates that IQSA.DE experiences smaller price fluctuations and is considered to be less risky than N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 6.12% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 13.31% | -4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 18.21% | -5.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 20.81% | -6.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.19% | 20.81% | -3.62% |
IQSA.DE vs. N1ES.DE - Expense Ratio Comparison
IQSA.DE has a 0.30% expense ratio, which is higher than N1ES.DE's 0.25% expense ratio.
Dividends
IQSA.DE vs. N1ES.DE - Dividend Comparison
Neither IQSA.DE nor N1ES.DE has paid dividends to shareholders.
Frequently Asked Questions
IQSA.DE and N1ES.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, N1ES.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
N1ES.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for IQSA.DE.
IQSA.DE is categorized as Global Equities, while N1ES.DE is Nasdaq-100. Their fees differ too: 0.30% for IQSA.DE and 0.25% for N1ES.DE.
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