IQSA.L vs. LGUS.L
IQSA.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds. IQSA.L is actively managed, while LGUS.L is passively managed. Over the past 5 years, IQSA.L returned 14.47%/yr vs 12.82%/yr for LGUS.L. Their correlation of 0.90 suggests significant overlap in exposure. IQSA.L charges 0.30%/yr vs 0.05%/yr for LGUS.L.
Performance
IQSA.L vs. LGUS.L - Performance Comparison
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Returns By Period
In the year-to-date period, IQSA.L achieves a 15.33% return, which is significantly higher than LGUS.L's 10.34% 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*
- —
LGUS.L
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 9.90%
- YTD
- 10.34%
- 1Y
- 21.64%
- 3Y*
- 20.40%
- 5Y*
- 12.82%
- 10Y*
- —
IQSA.L vs. LGUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IQSA.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 15.33% | 22.67% | 22.82% | 24.38% | -14.00% | 24.95% | 10.20% | 8.32% |
LGUS.L L&G US Equity UCITS ETF | 10.34% | 17.98% | 25.09% | 28.66% | -20.46% | 27.91% | 21.16% | 7.04% |
Correlation
The correlation between IQSA.L and LGUS.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.90 |
The correlation between IQSA.L and LGUS.L has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
IQSA.L vs. LGUS.L — Risk / Return Rank
IQSA.L
LGUS.L
IQSA.L vs. LGUS.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 L&G US Equity UCITS ETF (LGUS.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 | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.32 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 2.59 | +0.86 |
| Martin ratioReturn relative to average drawdown | 14.73 | 9.99 | +4.74 |
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Drawdowns
IQSA.L vs. LGUS.L - Drawdown Comparison
The maximum IQSA.L drawdown since its inception was -34.64%, roughly equal to the maximum LGUS.L drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for IQSA.L and LGUS.L.
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Drawdown Indicators
| IQSA.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.64% | -34.26% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -8.58% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.99% | -19.46% | +2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -25.67% | -25.64% | -0.03% |
Current DrawdownCurrent decline from peak | -0.67% | -0.49% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -5.30% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.23% | -0.20% |
Volatility
IQSA.L vs. LGUS.L - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.L) has a higher volatility of 3.74% compared to L&G US Equity UCITS ETF (LGUS.L) at 2.86%. This indicates that IQSA.L's price experiences larger fluctuations and is considered to be riskier than LGUS.L 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 | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 2.86% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 9.41% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 12.47% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 16.51% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 18.10% | -0.10% |
IQSA.L vs. LGUS.L - Expense Ratio Comparison
IQSA.L has a 0.30% expense ratio, which is higher than LGUS.L's 0.05% expense ratio.
Dividends
IQSA.L vs. LGUS.L - Dividend Comparison
Neither IQSA.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
IQSA.L and LGUS.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.30% for IQSA.L.
They also come from different issuers: Invesco and L&G. Their fees differ too: 0.30% for IQSA.L and 0.05% for LGUS.L.
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