IQSA.L vs. RWAY
IQSA.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) is Global Equities fund actively managed by Invesco, while RWAY (Runway Growth Finance Corp.) is a stock. Over the past 3 years, IQSA.L returned 23.37%/yr vs -11.17%/yr for RWAY. At a 0.22 correlation, their price movements are largely independent.
Performance
IQSA.L vs. RWAY - 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 RWAY's -32.61% 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*
- —
RWAY
- 1D
- 3.40%
- 1M
- -15.30%
- YTD
- -32.61%
- 6M
- -32.46%
- 1Y
- -39.19%
- 3Y*
- -11.17%
- 5Y*
- —
- 10Y*
- —
IQSA.L vs. RWAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IQSA.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.47% | 22.67% | 22.82% | 24.38% | -14.00% | 3.83% |
RWAY Runway Growth Finance Corp. | -32.61% | -6.56% | 1.65% | 25.73% | -0.61% | 1.77% |
Correlation
The correlation between IQSA.L and RWAY is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.22 |
The correlation between IQSA.L and RWAY shifts across timeframes, from 0.08 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IQSA.L vs. RWAY — Risk / Return Rank
IQSA.L
RWAY
IQSA.L vs. RWAY - 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 Runway Growth Finance Corp. (RWAY). 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 | RWAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.66 | ||
| Sortino ratioReturn per unit of downside risk | +5.49 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.74 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | -0.87 | +4.20 |
| Martin ratioReturn relative to average drawdown | 14.21 | -1.80 | +16.01 |
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Drawdowns
IQSA.L vs. RWAY - Drawdown Comparison
The maximum IQSA.L drawdown since its inception was -34.64%, smaller than the maximum RWAY drawdown of -45.35%. Use the drawdown chart below to compare losses from any high point for IQSA.L and RWAY.
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Drawdown Indicators
| IQSA.L | RWAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.64% | -45.35% | +10.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -45.35% | +36.70% |
Max Drawdown (3Y)Largest decline over 3 years | -16.99% | -45.35% | +28.36% |
Max Drawdown (5Y)Largest decline over 5 years | -25.67% | — | — |
Current DrawdownCurrent decline from peak | -1.18% | -43.06% | +41.88% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -11.04% | +6.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 21.77% | -19.74% |
Volatility
IQSA.L vs. RWAY - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.L) is 4.06%, while Runway Growth Finance Corp. (RWAY) has a volatility of 11.71%. This indicates that IQSA.L experiences smaller price fluctuations and is considered to be less risky than RWAY 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 | RWAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 11.71% | -7.65% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 22.93% | -12.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 26.45% | -13.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 28.67% | -12.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 28.67% | -10.64% |
Dividends
IQSA.L vs. RWAY - Dividend Comparison
IQSA.L has not paid dividends to shareholders, while RWAY's dividend yield for the trailing twelve months is around 24.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IQSA.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RWAY Runway Growth Finance Corp. | 24.64% | 15.68% | 16.33% | 14.34% | 10.87% | 1.95% |
Frequently Asked Questions
IQSA.L and RWAY have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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