IQSA.DE vs. XDEM.DE
IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) and XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) are both exchange-traded funds - IQSA.DE is a Global Equities fund actively managed by Invesco, while XDEM.DE is a Momentum fund tracking the MSCI World Momentum Index. IQSA.DE is actively managed, while XDEM.DE is passively managed. Over the past 5 years, IQSA.DE returned 15.57%/yr vs 15.28%/yr for XDEM.DE. Their correlation of 0.84 suggests significant overlap in exposure. IQSA.DE charges 0.30%/yr vs 0.25%/yr for XDEM.DE.
Performance
IQSA.DE vs. XDEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQSA.DE achieves a 17.73% return, which is significantly lower than XDEM.DE's 29.03% return.
IQSA.DE
- 1D
- 0.13%
- 1M
- 4.18%
- YTD
- 17.73%
- 6M
- 18.41%
- 1Y
- 34.22%
- 3Y*
- 22.76%
- 5Y*
- 15.57%
- 10Y*
- —
XDEM.DE
- 1D
- 1.63%
- 1M
- 6.79%
- YTD
- 29.03%
- 6M
- 28.98%
- 1Y
- 40.31%
- 3Y*
- 28.45%
- 5Y*
- 15.28%
- 10Y*
- 16.73%
IQSA.DE vs. XDEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 17.73% | 9.64% | 29.92% | 20.23% | -9.31% | 35.68% | 0.13% | -2.66% |
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 29.03% | 8.09% | 38.22% | 8.18% | -13.65% | 24.74% | 16.54% | 4.09% |
Correlation
The correlation between IQSA.DE and XDEM.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.84 |
The correlation between IQSA.DE and XDEM.DE has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
IQSA.DE vs. XDEM.DE — Risk / Return Rank
IQSA.DE
XDEM.DE
IQSA.DE vs. XDEM.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 Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IQSA.DE | XDEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.40 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.50 | 4.45 | +1.04 |
| Martin ratioReturn relative to average drawdown | 22.71 | 16.95 | +5.76 |
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Drawdowns
IQSA.DE vs. XDEM.DE - Drawdown Comparison
The maximum IQSA.DE drawdown since its inception was -34.12%, which is greater than XDEM.DE's maximum drawdown of -30.94%. Use the drawdown chart below to compare losses from any high point for IQSA.DE and XDEM.DE.
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Drawdown Indicators
| IQSA.DE | XDEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -30.94% | -3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -9.01% | +2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -21.35% | -23.51% | +2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.35% | -23.51% | +2.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.94% | — |
Current DrawdownCurrent decline from peak | -0.23% | -1.24% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -7.38% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 2.37% | -0.87% |
Volatility
IQSA.DE vs. XDEM.DE - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) is 3.12%, while Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) has a volatility of 6.97%. This indicates that IQSA.DE experiences smaller price fluctuations and is considered to be less risky than XDEM.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 | XDEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 6.97% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 9.06% | 15.01% | -5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.40% | 17.90% | -5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.76% | 17.51% | -2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 18.14% | -0.91% |
IQSA.DE vs. XDEM.DE - Expense Ratio Comparison
IQSA.DE has a 0.30% expense ratio, which is higher than XDEM.DE's 0.25% expense ratio.
Dividends
IQSA.DE vs. XDEM.DE - Dividend Comparison
Neither IQSA.DE nor XDEM.DE has paid dividends to shareholders.
Frequently Asked Questions
IQSA.DE and XDEM.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEM.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for IQSA.DE.
IQSA.DE is categorized as Global Equities, while XDEM.DE is Momentum. They also come from different issuers: Invesco and DWS. Their fees differ too: 0.30% for IQSA.DE and 0.25% for XDEM.DE.
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