IQSA.DE vs. XAT1.DE
IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) and XAT1.DE (Invesco AT1 Capital Bond ETF EUR Hedged Dist) are both exchange-traded funds - IQSA.DE is a Global Equities fund actively managed by Invesco, while XAT1.DE is a Corporate Bonds fund tracking the Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) TR Index - USD. IQSA.DE is actively managed, while XAT1.DE is passively managed. Over the past 5 years, IQSA.DE returned 15.45%/yr vs 0.67%/yr for XAT1.DE. At a 0.47 correlation, their price movements are largely independent. IQSA.DE charges 0.30%/yr vs 0.39%/yr for XAT1.DE.
Performance
IQSA.DE vs. XAT1.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 XAT1.DE's 0.23% 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*
- —
XAT1.DE
- 1D
- -0.09%
- 1M
- -0.65%
- YTD
- 0.23%
- 6M
- 0.90%
- 1Y
- 5.64%
- 3Y*
- 8.79%
- 5Y*
- 0.67%
- 10Y*
- —
IQSA.DE vs. XAT1.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% |
XAT1.DE Invesco AT1 Capital Bond ETF EUR Hedged Dist | 0.23% | 8.61% | 8.34% | -0.02% | -12.08% | 2.58% | 5.80% | 5.95% |
Correlation
The correlation between IQSA.DE and XAT1.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2019 | 0.47 |
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Return for Risk
IQSA.DE vs. XAT1.DE — Risk / Return Rank
IQSA.DE
XAT1.DE
IQSA.DE vs. XAT1.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 AT1 Capital Bond ETF EUR Hedged Dist (XAT1.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 | XAT1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.24 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 1.55 | +3.05 |
| Martin ratioReturn relative to average drawdown | 18.23 | 6.31 | +11.92 |
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 | XAT1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 1.15 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.08 | +0.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.31 | +0.63 |
Drawdowns
IQSA.DE vs. XAT1.DE - Drawdown Comparison
The maximum IQSA.DE drawdown since its inception was -34.11%, which is greater than XAT1.DE's maximum drawdown of -28.95%. Use the drawdown chart below to compare losses from any high point for IQSA.DE and XAT1.DE.
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Drawdown Indicators
| IQSA.DE | XAT1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -28.95% | -5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -3.63% | -2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -4.67% | -16.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | -27.74% | +6.39% |
Current DrawdownCurrent decline from peak | -0.33% | -1.42% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -6.38% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 0.89% | +0.68% |
Volatility
IQSA.DE vs. XAT1.DE - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a higher volatility of 3.32% compared to Invesco AT1 Capital Bond ETF EUR Hedged Dist (XAT1.DE) at 1.69%. This indicates that IQSA.DE's price experiences larger fluctuations and is considered to be riskier than XAT1.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 | XAT1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 1.69% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 4.41% | +4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 4.91% | +7.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.71% | 8.18% | +6.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 10.25% | +6.49% |
IQSA.DE vs. XAT1.DE - Expense Ratio Comparison
IQSA.DE has a 0.30% expense ratio, which is lower than XAT1.DE's 0.39% expense ratio.
Dividends
IQSA.DE vs. XAT1.DE - Dividend Comparison
IQSA.DE has not paid dividends to shareholders, while XAT1.DE's dividend yield for the trailing twelve months is around 5.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XAT1.DE Invesco AT1 Capital Bond ETF EUR Hedged Dist | 5.94% | 5.95% | 6.40% | 6.17% | 6.02% | 4.42% | 5.23% | 5.59% | 2.63% |
Frequently Asked Questions
IQSA.DE and XAT1.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQSA.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQSA.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for XAT1.DE.
IQSA.DE is categorized as Global Equities, while XAT1.DE is Corporate Bonds. Their fees differ too: 0.30% for IQSA.DE and 0.39% for XAT1.DE.
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