IQSA.L vs. CSWC
IQSA.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) is Global Equities fund actively managed by Invesco, while CSWC (Capital Southwest Corporation) is a stock. Over the past 5 years, IQSA.L returned 14.53%/yr vs 12.18%/yr for CSWC. At a 0.29 correlation, their price movements are largely independent.
Performance
IQSA.L vs. CSWC - Performance Comparison
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Returns By Period
In the year-to-date period, IQSA.L achieves a 14.47% return, which is significantly higher than CSWC's 12.25% return.
IQSA.L
- 1D
- 0.33%
- 1M
- 0.94%
- YTD
- 14.47%
- 6M
- 14.29%
- 1Y
- 28.97%
- 3Y*
- 23.37%
- 5Y*
- 14.53%
- 10Y*
- —
CSWC
- 1D
- 1.60%
- 1M
- 2.39%
- YTD
- 12.25%
- 6M
- 13.58%
- 1Y
- 20.53%
- 3Y*
- 18.48%
- 5Y*
- 12.18%
- 10Y*
- 17.25%
IQSA.L vs. CSWC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IQSA.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.47% | 22.67% | 22.82% | 24.38% | -14.00% | 24.95% | 10.20% | 8.32% |
CSWC Capital Southwest Corporation | 12.25% | 14.28% | 2.14% | 56.10% | -24.63% | 57.40% | -1.56% | 8.44% |
Correlation
The correlation between IQSA.L and CSWC is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.29 |
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Return for Risk
IQSA.L vs. CSWC — Risk / Return Rank
IQSA.L
CSWC
IQSA.L vs. CSWC - 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.L) and Capital Southwest Corporation (CSWC). 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.L | CSWC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.20 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 1.31 | +2.02 |
| Martin ratioReturn relative to average drawdown | 14.21 | 4.18 | +10.03 |
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Drawdowns
IQSA.L vs. CSWC - Drawdown Comparison
The maximum IQSA.L drawdown since its inception was -34.64%, smaller than the maximum CSWC drawdown of -68.33%. Use the drawdown chart below to compare losses from any high point for IQSA.L and CSWC.
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Drawdown Indicators
| IQSA.L | CSWC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.64% | -68.33% | +33.69% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -15.75% | +7.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.99% | -27.74% | +10.75% |
Max Drawdown (5Y)Largest decline over 5 years | -25.67% | -33.66% | +7.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.15% | — |
Current DrawdownCurrent decline from peak | -1.18% | -1.36% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -18.33% | +13.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 4.92% | -2.89% |
Volatility
IQSA.L vs. CSWC - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.L) is 4.06%, while Capital Southwest Corporation (CSWC) has a volatility of 5.07%. This indicates that IQSA.L experiences smaller price fluctuations and is considered to be less risky than CSWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQSA.L | CSWC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 5.07% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 14.21% | -3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 18.93% | -5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 22.51% | -5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 27.42% | -9.39% |
Dividends
IQSA.L vs. CSWC - Dividend Comparison
IQSA.L has not paid dividends to shareholders, while CSWC's dividend yield for the trailing twelve months is around 10.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSWC Capital Southwest Corporation | 10.89% | 11.56% | 11.59% | 10.21% | 12.46% | 10.13% | 11.49% | 13.07% | 10.77% | 7.01% | 2.35% | 216.86% |
IQSA.L 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% |
Frequently Asked Questions
IQSA.L and CSWC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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