IQSA.L vs. G500.L
IQSA.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) and G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) are both Global Equities funds from Invesco. IQSA.L is actively managed, while G500.L is passively managed. Over the past 5 years, IQSA.L returned 14.47%/yr vs 11.80%/yr for G500.L. Their correlation of 0.85 suggests significant overlap in exposure. IQSA.L charges 0.30%/yr vs 0.05%/yr for G500.L.
Performance
IQSA.L vs. G500.L - Performance Comparison
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Different Trading Currencies
IQSA.L is traded in USD, while G500.L is traded in GBp. To make them comparable, the G500.L 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 15.33% return, which is significantly higher than G500.L's 10.60% return.
IQSA.L
- 1D
- -0.67%
- 1M
- -0.00%
- 6M
- 13.70%
- YTD
- 15.33%
- 1Y
- 30.00%
- 3Y*
- 22.95%
- 5Y*
- 14.47%
- 10Y*
- —
G500.L
- 1D
- 0.00%
- 1M
- 0.92%
- 6M
- 10.32%
- YTD
- 10.60%
- 1Y
- 22.54%
- 3Y*
- 21.04%
- 5Y*
- 11.80%
- 10Y*
- —
IQSA.L vs. G500.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IQSA.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 15.33% | 22.67% | 22.82% | 24.38% | -14.00% | 24.95% | 20.86% |
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 10.60% | 26.32% | 22.89% | 31.47% | -28.53% | 27.78% | 32.88% |
Correlation
The correlation between IQSA.L and G500.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.85 |
The correlation between IQSA.L and G500.L has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
IQSA.L vs. G500.L — Risk / Return Rank
IQSA.L
G500.L
IQSA.L vs. G500.L - 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 Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L). 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 | G500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.27 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 1.82 | +1.63 |
| Martin ratioReturn relative to average drawdown | 14.73 | 6.85 | +7.88 |
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Drawdowns
IQSA.L vs. G500.L - Drawdown Comparison
The maximum IQSA.L drawdown since its inception was -34.64%, smaller than the maximum G500.L drawdown of -39.54%. Use the drawdown chart below to compare losses from any high point for IQSA.L and G500.L.
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Drawdown Indicators
| IQSA.L | G500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.64% | -39.54% | +4.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -12.56% | +3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -16.99% | -17.75% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -25.67% | -39.54% | +13.87% |
Current DrawdownCurrent decline from peak | -0.67% | -0.10% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -8.08% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 3.34% | -1.31% |
Volatility
IQSA.L vs. G500.L - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.L) and Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) have volatilities of 3.74% and 3.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQSA.L | G500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 3.57% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 11.66% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 14.98% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 20.37% | -3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 20.09% | -2.09% |
IQSA.L vs. G500.L - Expense Ratio Comparison
IQSA.L has a 0.30% expense ratio, which is higher than G500.L's 0.05% expense ratio.
Dividends
IQSA.L vs. G500.L - Dividend Comparison
Neither IQSA.L nor G500.L has paid dividends to shareholders.
Frequently Asked Questions
IQSA.L and G500.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, G500.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G500.L is cheaper with a 0.05% expense ratio, compared with 0.30% for IQSA.L.
Their fees differ too: 0.30% for IQSA.L and 0.05% for G500.L.
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