IQSA.L vs. EXV1.DE
IQSA.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) and EXV1.DE (iShares STOXX Europe 600 Banks UCITS ETF (DE)) are both exchange-traded funds - IQSA.L is a Global Equities fund actively managed by Invesco, while EXV1.DE is a Financials Equities fund tracking the STOXX® Europe 600 Banks. IQSA.L is actively managed, while EXV1.DE is passively managed. Over the past 5 years, IQSA.L returned 14.53%/yr vs 29.85%/yr for EXV1.DE. A 0.64 correlation means they provide meaningful diversification when combined. IQSA.L charges 0.30%/yr vs 0.47%/yr for EXV1.DE.
Performance
IQSA.L vs. EXV1.DE - Performance Comparison
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Different Trading Currencies
IQSA.L is traded in USD, while EXV1.DE is traded in EUR. To make them comparable, the EXV1.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IQSA.L achieves a 14.47% return, which is significantly higher than EXV1.DE's 11.15% 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*
- —
EXV1.DE
- 1D
- 0.13%
- 1M
- 3.27%
- YTD
- 11.15%
- 6M
- 12.06%
- 1Y
- 45.77%
- 3Y*
- 45.71%
- 5Y*
- 29.85%
- 10Y*
- 17.00%
IQSA.L vs. EXV1.DE - 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% |
EXV1.DE iShares STOXX Europe 600 Banks UCITS ETF (DE) | 11.15% | 99.82% | 25.39% | 30.30% | -3.93% | 27.32% | -17.18% | 9.67% |
Correlation
The correlation between IQSA.L and EXV1.DE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.64 |
The correlation between IQSA.L and EXV1.DE has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.
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Return for Risk
IQSA.L vs. EXV1.DE — Risk / Return Rank
IQSA.L
EXV1.DE
IQSA.L vs. EXV1.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.L) and iShares STOXX Europe 600 Banks UCITS ETF (DE) (EXV1.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.L | EXV1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.33 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 2.56 | +0.77 |
| Martin ratioReturn relative to average drawdown | 14.21 | 8.46 | +5.75 |
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Drawdowns
IQSA.L vs. EXV1.DE - Drawdown Comparison
The maximum IQSA.L drawdown since its inception was -34.64%, smaller than the maximum EXV1.DE drawdown of -83.96%. Use the drawdown chart below to compare losses from any high point for IQSA.L and EXV1.DE.
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Drawdown Indicators
| IQSA.L | EXV1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.64% | -83.96% | +49.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -17.78% | +9.13% |
Max Drawdown (3Y)Largest decline over 3 years | -16.99% | -19.60% | +2.61% |
Max Drawdown (5Y)Largest decline over 5 years | -25.67% | -37.51% | +11.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.46% | — |
Current DrawdownCurrent decline from peak | -1.18% | -2.54% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -58.33% | +53.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 5.39% | -3.36% |
Volatility
IQSA.L vs. EXV1.DE - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.L) is 4.06%, while iShares STOXX Europe 600 Banks UCITS ETF (DE) (EXV1.DE) has a volatility of 6.51%. This indicates that IQSA.L experiences smaller price fluctuations and is considered to be less risky than EXV1.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.L | EXV1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 6.51% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 20.07% | -9.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 23.66% | -10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 25.58% | -9.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 26.07% | -8.04% |
IQSA.L vs. EXV1.DE - Expense Ratio Comparison
IQSA.L has a 0.30% expense ratio, which is lower than EXV1.DE's 0.47% expense ratio.
Dividends
IQSA.L vs. EXV1.DE - Dividend Comparison
IQSA.L has not paid dividends to shareholders, while EXV1.DE's dividend yield for the trailing twelve months is around 3.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXV1.DE iShares STOXX Europe 600 Banks UCITS ETF (DE) | 3.37% | 3.63% | 5.51% | 4.53% | 6.37% | 1.06% | 1.52% | 4.31% | 4.03% | 6.01% | 3.49% | 3.41% |
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 EXV1.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQSA.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQSA.L is cheaper with a 0.30% expense ratio, compared with 0.47% for EXV1.DE.
IQSA.L is categorized as Global Equities, while EXV1.DE is Financials Equities. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for IQSA.L and 0.47% for EXV1.DE.
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