IQSA.DE vs. P500.DE
IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) and P500.DE (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - IQSA.DE is a Global Equities fund actively managed by Invesco, while P500.DE is a S&P 500 fund tracking the S&P 500 Index. IQSA.DE is actively managed, while P500.DE is passively managed. Over the past 5 years, IQSA.DE returned 15.45%/yr vs 14.99%/yr for P500.DE. Their correlation of 0.93 suggests significant overlap in exposure. IQSA.DE charges 0.30%/yr vs 0.05%/yr for P500.DE.
Performance
IQSA.DE vs. P500.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 P500.DE's 11.47% 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*
- —
P500.DE
- 1D
- -0.10%
- 1M
- 5.26%
- YTD
- 11.47%
- 6M
- 11.50%
- 1Y
- 25.80%
- 3Y*
- 19.07%
- 5Y*
- 14.99%
- 10Y*
- 15.16%
IQSA.DE vs. P500.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% |
P500.DE Invesco S&P 500 UCITS ETF | 11.47% | 4.88% | 32.56% | 22.69% | -14.05% | 41.05% | 7.04% | 13.82% |
Correlation
The correlation between IQSA.DE and P500.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2019 | 0.93 |
The correlation between IQSA.DE and P500.DE has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
IQSA.DE vs. P500.DE — Risk / Return Rank
IQSA.DE
P500.DE
IQSA.DE vs. P500.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 S&P 500 UCITS ETF (P500.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 | P500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.41 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 3.62 | +0.98 |
| Martin ratioReturn relative to average drawdown | 18.23 | 12.91 | +5.32 |
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 | P500.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 2.23 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.98 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 1.01 | -0.07 |
Drawdowns
IQSA.DE vs. P500.DE - Drawdown Comparison
The maximum IQSA.DE drawdown since its inception was -34.11%, roughly equal to the maximum P500.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for IQSA.DE and P500.DE.
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Drawdown Indicators
| IQSA.DE | P500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -33.78% | -0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -7.11% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -23.34% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | -23.34% | +1.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.40% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -3.85% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.99% | -0.42% |
Volatility
IQSA.DE vs. P500.DE - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a higher volatility of 3.32% compared to Invesco S&P 500 UCITS ETF (P500.DE) at 2.65%. This indicates that IQSA.DE's price experiences larger fluctuations and is considered to be riskier than P500.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 | P500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 2.65% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 7.59% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 11.52% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.71% | 15.17% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 16.07% | +0.67% |
IQSA.DE vs. P500.DE - Expense Ratio Comparison
IQSA.DE has a 0.30% expense ratio, which is higher than P500.DE's 0.05% expense ratio.
Dividends
IQSA.DE vs. P500.DE - Dividend Comparison
Neither IQSA.DE nor P500.DE has paid dividends to shareholders.
Frequently Asked Questions
IQSA.DE and P500.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, P500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
P500.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for IQSA.DE.
IQSA.DE is categorized as Global Equities, while P500.DE is S&P 500. Their fees differ too: 0.30% for IQSA.DE and 0.05% for P500.DE.
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