IQSA.DE vs. PUIG.DE
IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) and PUIG.DE (Invesco USD Corporate Bond UCITS ETF Dist) are both exchange-traded funds - IQSA.DE is a Global Equities fund actively managed by Invesco, while PUIG.DE is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD. IQSA.DE is actively managed, while PUIG.DE is passively managed. Over the past 5 years, IQSA.DE returned 15.45%/yr vs 1.11%/yr for PUIG.DE. At a 0.19 correlation, their price movements are largely independent. IQSA.DE charges 0.30%/yr vs 0.10%/yr for PUIG.DE.
Performance
IQSA.DE vs. PUIG.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 PUIG.DE's 1.26% 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*
- —
PUIG.DE
- 1D
- 0.15%
- 1M
- 1.16%
- YTD
- 1.26%
- 6M
- 0.30%
- 1Y
- 2.55%
- 3Y*
- 1.82%
- 5Y*
- 1.11%
- 10Y*
- —
IQSA.DE vs. PUIG.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% | 2.97% |
PUIG.DE Invesco USD Corporate Bond UCITS ETF Dist | 1.26% | -4.57% | 7.59% | 4.08% | -10.14% | 6.62% | -0.40% | -0.90% |
Correlation
The correlation between IQSA.DE and PUIG.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.19 |
The correlation between IQSA.DE and PUIG.DE shifts across timeframes, from 0.18 (5 years) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IQSA.DE vs. PUIG.DE — Risk / Return Rank
IQSA.DE
PUIG.DE
IQSA.DE vs. PUIG.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 USD Corporate Bond UCITS ETF Dist (PUIG.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 | PUIG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.08 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 0.70 | +3.90 |
| Martin ratioReturn relative to average drawdown | 18.23 | 1.81 | +16.42 |
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 | PUIG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 0.44 | +1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.13 | +0.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.04 | +0.90 |
Drawdowns
IQSA.DE vs. PUIG.DE - Drawdown Comparison
The maximum IQSA.DE drawdown since its inception was -34.11%, which is greater than PUIG.DE's maximum drawdown of -14.30%. Use the drawdown chart below to compare losses from any high point for IQSA.DE and PUIG.DE.
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Drawdown Indicators
| IQSA.DE | PUIG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -14.30% | -19.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -3.62% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -11.19% | -10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | -13.35% | -8.00% |
Current DrawdownCurrent decline from peak | -0.33% | -5.91% | +5.58% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -6.03% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.40% | +0.17% |
Volatility
IQSA.DE vs. PUIG.DE - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a higher volatility of 3.32% compared to Invesco USD Corporate Bond UCITS ETF Dist (PUIG.DE) at 1.02%. This indicates that IQSA.DE's price experiences larger fluctuations and is considered to be riskier than PUIG.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 | PUIG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 1.02% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 3.99% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 5.77% | +6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.71% | 8.38% | +6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 9.07% | +7.67% |
IQSA.DE vs. PUIG.DE - Expense Ratio Comparison
IQSA.DE has a 0.30% expense ratio, which is higher than PUIG.DE's 0.10% expense ratio.
Dividends
IQSA.DE vs. PUIG.DE - Dividend Comparison
IQSA.DE has not paid dividends to shareholders, while PUIG.DE's dividend yield for the trailing twelve months is around 4.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PUIG.DE Invesco USD Corporate Bond UCITS ETF Dist | 4.21% | 4.32% | 4.29% | 3.82% | 2.83% | 1.91% | 2.59% |
Frequently Asked Questions
IQSA.DE and PUIG.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PUIG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PUIG.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for IQSA.DE.
IQSA.DE is categorized as Global Equities, while PUIG.DE is Corporate Bonds. Their fees differ too: 0.30% for IQSA.DE and 0.10% for PUIG.DE.
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