IQSE.DE vs. IQQ0.DE
IQSE.DE (Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds. IQSE.DE is actively managed, while IQQ0.DE is passively managed. Over the past 5 years, IQSE.DE returned 13.68%/yr vs 6.03%/yr for IQQ0.DE. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
IQSE.DE vs. IQQ0.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 IQQ0.DE's 4.80% 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*
- —
IQQ0.DE
- 1D
- 0.31%
- 1M
- 3.14%
- 6M
- 5.58%
- YTD
- 4.80%
- 1Y
- 5.54%
- 3Y*
- 7.57%
- 5Y*
- 6.03%
- 10Y*
- 6.54%
IQSE.DE vs. IQQ0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IQSE.DE Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc | 15.26% | 19.02% | 24.13% | 22.41% | -14.80% | 26.85% | 6.30% | 6.70% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 4.80% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -6.77% | 4.01% |
Correlation
The correlation between IQSE.DE and IQQ0.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.54 |
Over the past year, the correlation between IQSE.DE and IQQ0.DE has dropped to 0.17 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
IQSE.DE vs. IQQ0.DE — Risk / Return Rank
IQSE.DE
IQQ0.DE
IQSE.DE vs. IQQ0.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 iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.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 | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.12 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 1.06 | +2.44 |
| Martin ratioReturn relative to average drawdown | 14.74 | 2.60 | +12.14 |
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Drawdowns
IQSE.DE vs. IQQ0.DE - Drawdown Comparison
The maximum IQSE.DE drawdown since its inception was -33.78%, which is greater than IQQ0.DE's maximum drawdown of -28.64%. Use the drawdown chart below to compare losses from any high point for IQSE.DE and IQQ0.DE.
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Drawdown Indicators
| IQSE.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -28.64% | -5.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -5.22% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -18.04% | -12.82% | -5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -12.82% | -10.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.64% | — |
Current DrawdownCurrent decline from peak | -0.20% | -3.71% | +3.51% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -7.05% | +2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.12% | -0.19% |
Volatility
IQSE.DE vs. IQQ0.DE - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc (IQSE.DE) has a higher volatility of 3.87% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.22%. This indicates that IQSE.DE's price experiences larger fluctuations and is considered to be riskier than IQQ0.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 | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 2.22% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 5.55% | +4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 7.87% | +5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.67% | 10.09% | +5.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 12.76% | +4.82% |
IQSE.DE vs. IQQ0.DE - Expense Ratio Comparison
Both IQSE.DE and IQQ0.DE have an expense ratio of 0.30%.
Dividends
IQSE.DE vs. IQQ0.DE - Dividend Comparison
Neither IQSE.DE nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
IQSE.DE and IQQ0.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IQSE.DE and IQQ0.DE have the same expense ratio: 0.30% per year.
They also come from different issuers: Invesco and iShares.
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