IQSE.DE vs. WINC.AS
IQSE.DE (Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc) and WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) are both exchange-traded funds - IQSE.DE is a Global Equities fund actively managed by Invesco, while WINC.AS is a Global Equity Income fund actively managed by iShares. Both are actively managed. Over the past year, IQSE.DE returned 27.65% vs 23.57% for WINC.AS. A 0.60 correlation means they provide meaningful diversification when combined. IQSE.DE charges 0.30%/yr vs 0.35%/yr for WINC.AS.
Performance
IQSE.DE vs. WINC.AS - Performance Comparison
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Different Trading Currencies
IQSE.DE is traded in EUR, while WINC.AS is traded in USD. To make them comparable, the WINC.AS values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IQSE.DE achieves a 14.06% return, which is significantly higher than WINC.AS's 12.38% return.
IQSE.DE
- 1D
- 0.22%
- 1M
- -0.67%
- 6M
- 13.03%
- YTD
- 14.06%
- 1Y
- 27.65%
- 3Y*
- 21.28%
- 5Y*
- 13.42%
- 10Y*
- —
- ALL TIME*
- 14.23%
WINC.AS
- 1D
- 0.00%
- 1M
- 1.07%
- 6M
- 11.65%
- YTD
- 12.38%
- 1Y
- 23.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.12%
IQSE.DE vs. WINC.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IQSE.DE Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc | 14.06% | 19.02% | 6.87% |
WINC.AS iShares World Equity High Income UCITS ETF USD Inc | 12.38% | 7.13% | 12.49% |
Correlation
The correlation between IQSE.DE and WINC.AS is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.60 |
The correlation between IQSE.DE and WINC.AS shifts across timeframes, from 0.60 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IQSE.DE vs. WINC.AS — Risk / Return Rank
IQSE.DE
WINC.AS
IQSE.DE vs. WINC.AS - 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 World Equity High Income UCITS ETF USD Inc (WINC.AS). 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 | WINC.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 5.46 | -2.07 |
| Martin ratioReturn relative to average drawdown | 14.27 | 19.58 | -5.31 |
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Drawdowns
IQSE.DE vs. WINC.AS - Drawdown Comparison
The maximum IQSE.DE drawdown since its inception was -33.78%, which is greater than WINC.AS's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for IQSE.DE and WINC.AS.
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Drawdown Indicators
| IQSE.DE | WINC.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -18.74% | -15.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -4.26% | -3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | — | — |
Current DrawdownCurrent decline from peak | -1.29% | -0.99% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -2.67% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.19% | +0.74% |
Volatility
IQSE.DE vs. WINC.AS - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc (IQSE.DE) has a higher volatility of 3.50% compared to iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) at 2.81%. This indicates that IQSE.DE's price experiences larger fluctuations and is considered to be riskier than WINC.AS 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 | WINC.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 2.81% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 8.57% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.89% | 11.16% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 13.31% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.55% | 13.31% | +4.24% |
IQSE.DE vs. WINC.AS - Expense Ratio Comparison
IQSE.DE has a 0.30% expense ratio, which is lower than WINC.AS's 0.35% expense ratio.
Dividends
IQSE.DE vs. WINC.AS - Dividend Comparison
IQSE.DE has not paid dividends to shareholders, while WINC.AS's dividend yield for the trailing twelve months is around 9.88%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IQSE.DE Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc | 0.00% | 0.00% | 0.00% |
WINC.AS iShares World Equity High Income UCITS ETF USD Inc | 9.88% | 9.38% | 4.88% |
Frequently Asked Questions
IQSE.DE and WINC.AS have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQSE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQSE.DE is cheaper with a 0.30% expense ratio, compared with 0.35% for WINC.AS.
IQSE.DE is categorized as Global Equities, while WINC.AS is Global Equity Income. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for IQSE.DE and 0.35% for WINC.AS.
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