IQSE.DE vs. FWIA.DE
IQSE.DE (Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both Global Equities funds from Invesco. IQSE.DE is actively managed, while FWIA.DE is passively managed. Over the past 3 years, IQSE.DE returned 22.25%/yr vs 17.66%/yr for FWIA.DE. Their correlation of 0.81 suggests significant overlap in exposure. IQSE.DE charges 0.30%/yr vs 0.15%/yr for FWIA.DE.
Performance
IQSE.DE vs. FWIA.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 FWIA.DE's 13.31% 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*
- —
FWIA.DE
- 1D
- 0.00%
- 1M
- 0.41%
- 6M
- 13.60%
- YTD
- 13.31%
- 1Y
- 25.60%
- 3Y*
- 17.66%
- 5Y*
- —
- 10Y*
- —
IQSE.DE vs. FWIA.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% | 9.19% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 13.31% | 9.02% | 24.70% | 7.98% |
Correlation
The correlation between IQSE.DE and FWIA.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023 | 0.81 |
The correlation between IQSE.DE and FWIA.DE has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
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Return for Risk
IQSE.DE vs. FWIA.DE — Risk / Return Rank
IQSE.DE
FWIA.DE
IQSE.DE vs. FWIA.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 Acc (FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 3.96 | -0.46 |
| Martin ratioReturn relative to average drawdown | 14.74 | 15.76 | -1.02 |
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Drawdowns
IQSE.DE vs. FWIA.DE - Drawdown Comparison
The maximum IQSE.DE drawdown since its inception was -33.78%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for IQSE.DE and FWIA.DE.
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Drawdown Indicators
| IQSE.DE | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -20.96% | -12.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -6.49% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -18.04% | -20.96% | +2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.72% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -2.40% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.63% | +0.30% |
Volatility
IQSE.DE vs. FWIA.DE - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc (IQSE.DE) has a higher volatility of 3.87% compared to Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) at 3.57%. This indicates that IQSE.DE's price experiences larger fluctuations and is considered to be riskier than FWIA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQSE.DE | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 3.57% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 8.64% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 11.71% | +1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.67% | 13.18% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 13.18% | +4.40% |
IQSE.DE vs. FWIA.DE - Expense Ratio Comparison
IQSE.DE has a 0.30% expense ratio, which is higher than FWIA.DE's 0.15% expense ratio.
Dividends
IQSE.DE vs. FWIA.DE - Dividend Comparison
Neither IQSE.DE nor FWIA.DE has paid dividends to shareholders.
Frequently Asked Questions
IQSE.DE and FWIA.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for IQSE.DE.
Their fees differ too: 0.30% for IQSE.DE and 0.15% for FWIA.DE.
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