IQSA.DE vs. VWCE.DE
IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both Global Equities funds. IQSA.DE is actively managed, while VWCE.DE is passively managed. Over the past 5 years, IQSA.DE returned 15.45%/yr vs 12.28%/yr for VWCE.DE. Their correlation of 0.95 suggests significant overlap in exposure. IQSA.DE charges 0.30%/yr vs 0.19%/yr for VWCE.DE.
Performance
IQSA.DE vs. VWCE.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 VWCE.DE's 12.64% 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*
- —
VWCE.DE
- 1D
- -0.21%
- 1M
- 5.01%
- YTD
- 12.64%
- 6M
- 13.33%
- 1Y
- 26.41%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
IQSA.DE vs. VWCE.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% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 13.73% |
Correlation
The correlation between IQSA.DE and VWCE.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2019 | 0.95 |
The correlation between IQSA.DE and VWCE.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
IQSA.DE vs. VWCE.DE — Risk / Return Rank
IQSA.DE
VWCE.DE
IQSA.DE vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 4.01 | +0.58 |
| Martin ratioReturn relative to average drawdown | 18.23 | 16.55 | +1.68 |
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 | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 2.31 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.88 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.79 | +0.15 |
Drawdowns
IQSA.DE vs. VWCE.DE - Drawdown Comparison
The maximum IQSA.DE drawdown since its inception was -34.11%, roughly equal to the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for IQSA.DE and VWCE.DE.
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Drawdown Indicators
| IQSA.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -33.43% | -0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -6.55% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -21.07% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | -21.07% | -0.28% |
Current DrawdownCurrent decline from peak | -0.33% | -0.66% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -4.69% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.59% | -0.02% |
Volatility
IQSA.DE vs. VWCE.DE - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a higher volatility of 3.32% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.06%. This indicates that IQSA.DE's price experiences larger fluctuations and is considered to be riskier than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 3.06% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 8.18% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 11.37% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.71% | 13.75% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 16.16% | +0.58% |
IQSA.DE vs. VWCE.DE - Expense Ratio Comparison
IQSA.DE has a 0.30% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.
Dividends
IQSA.DE vs. VWCE.DE - Dividend Comparison
Neither IQSA.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, IQSA.DE and VWCE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.30% for IQSA.DE.
They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.30% for IQSA.DE and 0.19% for VWCE.DE.
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