IQSE.DE vs. FWEA.DE
IQSE.DE (Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc) and FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg Acc) are both Global Equities funds from Invesco. IQSE.DE is actively managed, while FWEA.DE is passively managed. Over the past 3 years, IQSE.DE returned 22.25%/yr vs 17.71%/yr for FWEA.DE. Their correlation of 0.91 suggests significant overlap in exposure. IQSE.DE charges 0.30%/yr vs 0.20%/yr for FWEA.DE.
Performance
IQSE.DE vs. FWEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQSE.DE achieves a 15.26% return, which is significantly higher than FWEA.DE's 10.02% return.
IQSE.DE
- 1D
- 0.51%
- 1M
- 1.73%
- 6M
- 15.25%
- YTD
- 15.26%
- 1Y
- 28.52%
- 3Y*
- 22.25%
- 5Y*
- 13.68%
- 10Y*
- —
FWEA.DE
- 1D
- 0.00%
- 1M
- -0.80%
- 6M
- 10.26%
- YTD
- 10.02%
- 1Y
- 21.71%
- 3Y*
- 17.71%
- 5Y*
- —
- 10Y*
- —
IQSE.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IQSE.DE Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc | 15.26% | 19.02% | 24.13% | 10.84% |
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc | 10.02% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between IQSE.DE and FWEA.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.91 |
The correlation between IQSE.DE and FWEA.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
IQSE.DE vs. FWEA.DE — Risk / Return Rank
IQSE.DE
FWEA.DE
IQSE.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc (IQSE.DE) and Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.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.
| IQSE.DE | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.34 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 2.62 | +0.88 |
| Martin ratioReturn relative to average drawdown | 14.74 | 10.72 | +4.02 |
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Drawdowns
IQSE.DE vs. FWEA.DE - Drawdown Comparison
The maximum IQSE.DE drawdown since its inception was -33.78%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for IQSE.DE and FWEA.DE.
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Drawdown Indicators
| IQSE.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -17.48% | -16.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -8.28% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -18.04% | -17.48% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -1.37% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -1.86% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.03% | -0.10% |
Volatility
IQSE.DE vs. FWEA.DE - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc (IQSE.DE) and Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) have volatilities of 3.87% and 3.88%, 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
| IQSE.DE | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 3.88% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 9.49% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 11.88% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.67% | 12.75% | +2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 12.75% | +4.83% |
IQSE.DE vs. FWEA.DE - Expense Ratio Comparison
IQSE.DE has a 0.30% expense ratio, which is higher than FWEA.DE's 0.20% expense ratio.
Dividends
IQSE.DE vs. FWEA.DE - Dividend Comparison
Neither IQSE.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, IQSE.DE and FWEA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, FWEA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWEA.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for IQSE.DE.
Their fees differ too: 0.30% for IQSE.DE and 0.20% for FWEA.DE.
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