IQSA.DE vs. XAAG.DE
IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) and XAAG.DE (Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc) are both exchange-traded funds - IQSA.DE is a Global Equities fund actively managed by Invesco, while XAAG.DE is a Commodities fund tracking the Bloomberg Commodity ex-Agriculture and Livestock. IQSA.DE is actively managed, while XAAG.DE is passively managed. Over the past 5 years, IQSA.DE returned 15.45%/yr vs 14.95%/yr for XAAG.DE. At a 0.20 correlation, their price movements are largely independent. IQSA.DE charges 0.30%/yr vs 0.19%/yr for XAAG.DE.
Performance
IQSA.DE vs. XAAG.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 lower than XAAG.DE's 27.69% 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*
- —
XAAG.DE
- 1D
- -0.56%
- 1M
- 0.44%
- YTD
- 27.69%
- 6M
- 30.58%
- 1Y
- 47.37%
- 3Y*
- 17.71%
- 5Y*
- 14.95%
- 10Y*
- —
IQSA.DE vs. XAAG.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% |
XAAG.DE Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc | 27.69% | 12.13% | 14.84% | -14.76% | 23.35% | 39.76% | -19.46% | 6.70% |
Correlation
The correlation between IQSA.DE and XAAG.DE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2019 | 0.20 |
The correlation between IQSA.DE and XAAG.DE shifts across timeframes, from -0.06 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IQSA.DE vs. XAAG.DE — Risk / Return Rank
IQSA.DE
XAAG.DE
IQSA.DE vs. XAAG.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 Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.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 | XAAG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.39 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 4.08 | +0.51 |
| Martin ratioReturn relative to average drawdown | 18.23 | 9.65 | +8.58 |
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 | XAAG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 2.17 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.73 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.49 | +0.45 |
Drawdowns
IQSA.DE vs. XAAG.DE - Drawdown Comparison
The maximum IQSA.DE drawdown since its inception was -34.11%, roughly equal to the maximum XAAG.DE drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for IQSA.DE and XAAG.DE.
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Drawdown Indicators
| IQSA.DE | XAAG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -33.85% | -0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -11.54% | +5.34% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -16.26% | -5.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | -33.85% | +12.50% |
Current DrawdownCurrent decline from peak | -0.33% | -2.54% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -13.88% | +9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 4.89% | -3.32% |
Volatility
IQSA.DE vs. XAAG.DE - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) is 3.32%, while Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) has a volatility of 4.71%. This indicates that IQSA.DE experiences smaller price fluctuations and is considered to be less risky than XAAG.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 | XAAG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 4.71% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 18.81% | -9.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 21.76% | -9.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.71% | 20.32% | -5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 18.40% | -1.66% |
IQSA.DE vs. XAAG.DE - Expense Ratio Comparison
IQSA.DE has a 0.30% expense ratio, which is higher than XAAG.DE's 0.19% expense ratio.
Dividends
IQSA.DE vs. XAAG.DE - Dividend Comparison
Neither IQSA.DE nor XAAG.DE has paid dividends to shareholders.
Frequently Asked Questions
IQSA.DE and XAAG.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAAG.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAAG.DE is cheaper with a 0.19% expense ratio, compared with 0.30% for IQSA.DE.
IQSA.DE is categorized as Global Equities, while XAAG.DE is Commodities. Their fees differ too: 0.30% for IQSA.DE and 0.19% for XAAG.DE.
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