IQSA.DE vs. QWLD
IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) and QWLD (SPDR MSCI World StrategicFactors ETF) are both exchange-traded funds - IQSA.DE is a Global Equities fund actively managed by Invesco, while QWLD is a Large Cap Growth Equities fund tracking the MSCI World Factor Mix A-Series (USD). IQSA.DE is actively managed, while QWLD is passively managed. Over the past 5 years, IQSA.DE returned 15.45%/yr vs 11.10%/yr for QWLD. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
IQSA.DE vs. QWLD - Performance Comparison
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Different Trading Currencies
IQSA.DE is traded in EUR, while QWLD is traded in USD. To make them comparable, the QWLD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IQSA.DE achieves a 14.81% return, which is significantly higher than QWLD's 8.33% 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*
- —
QWLD
- 1D
- 0.39%
- 1M
- 3.06%
- YTD
- 8.33%
- 6M
- 8.12%
- 1Y
- 15.64%
- 3Y*
- 13.59%
- 5Y*
- 11.10%
- 10Y*
- 11.42%
IQSA.DE vs. QWLD - 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% |
QWLD SPDR MSCI World StrategicFactors ETF | 8.33% | 3.94% | 21.99% | 16.01% | -7.93% | 30.66% | 1.15% | 12.51% |
Correlation
The correlation between IQSA.DE and QWLD is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2019 | 0.59 |
The correlation between IQSA.DE and QWLD has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
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Return for Risk
IQSA.DE vs. QWLD — Risk / Return Rank
IQSA.DE
QWLD
IQSA.DE vs. QWLD - 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 SPDR MSCI World StrategicFactors ETF (QWLD). 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 | QWLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.30 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 2.75 | +1.85 |
| Martin ratioReturn relative to average drawdown | 18.23 | 10.92 | +7.31 |
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 | QWLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 1.66 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.87 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.76 | +0.19 |
Drawdowns
IQSA.DE vs. QWLD - Drawdown Comparison
The maximum IQSA.DE drawdown since its inception was -34.11%, which is greater than QWLD's maximum drawdown of -31.27%. Use the drawdown chart below to compare losses from any high point for IQSA.DE and QWLD.
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Drawdown Indicators
| IQSA.DE | QWLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -31.27% | -2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -5.71% | -0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -16.63% | -4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | -16.63% | -4.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.27% | — |
Current DrawdownCurrent decline from peak | -0.33% | 0.00% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -3.87% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.44% | +0.13% |
Volatility
IQSA.DE vs. QWLD - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a higher volatility of 3.32% compared to SPDR MSCI World StrategicFactors ETF (QWLD) at 1.85%. This indicates that IQSA.DE's price experiences larger fluctuations and is considered to be riskier than QWLD 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 | QWLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 1.85% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 7.01% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 9.44% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.71% | 12.81% | +1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 15.42% | +1.32% |
IQSA.DE vs. QWLD - Expense Ratio Comparison
Both IQSA.DE and QWLD have an expense ratio of 0.30%.
Dividends
IQSA.DE vs. QWLD - Dividend Comparison
IQSA.DE has not paid dividends to shareholders, while QWLD's dividend yield for the trailing twelve months is around 1.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QWLD SPDR MSCI World StrategicFactors ETF | 1.83% | 1.85% | 1.74% | 1.78% | 2.02% | 1.77% | 1.77% | 2.13% | 2.33% | 2.73% | 2.22% | 3.42% |
Frequently Asked Questions
IQSA.DE and QWLD have a correlation of 0.56, 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 QWLD have the same expense ratio: 0.30% per year.
IQSA.DE is categorized as Global Equities, while QWLD is Large Cap Growth Equities. They also come from different issuers: Invesco and State Street.
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