IQSE.DE vs. XDEM.DE
IQSE.DE (Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc) and XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) are both exchange-traded funds - IQSE.DE is a Global Equities fund actively managed by Invesco, while XDEM.DE is a Momentum fund tracking the MSCI World Momentum Index. IQSE.DE is actively managed, while XDEM.DE is passively managed. Over the past 5 years, IQSE.DE returned 13.41%/yr vs 13.15%/yr for XDEM.DE. A 0.76 correlation means they provide meaningful diversification when combined. IQSE.DE charges 0.30%/yr vs 0.25%/yr for XDEM.DE.
Performance
IQSE.DE vs. XDEM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IQSE.DE achieves a 13.82% return, which is significantly lower than XDEM.DE's 17.77% return.
IQSE.DE
- 1D
- -0.98%
- 1M
- -1.04%
- 6M
- 11.60%
- YTD
- 13.82%
- 1Y
- 27.68%
- 3Y*
- 21.30%
- 5Y*
- 13.41%
- 10Y*
- —
XDEM.DE
- 1D
- -1.69%
- 1M
- -6.97%
- 6M
- 13.50%
- YTD
- 17.77%
- 1Y
- 26.04%
- 3Y*
- 23.96%
- 5Y*
- 13.15%
- 10Y*
- 14.74%
IQSE.DE vs. XDEM.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 | 13.82% | 19.02% | 24.13% | 22.41% | -14.80% | 26.85% | 6.30% | 6.70% |
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 17.77% | 8.09% | 38.22% | 8.18% | -13.65% | 24.74% | 16.54% | 4.09% |
Correlation
The correlation between IQSE.DE and XDEM.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.76 |
The correlation between IQSE.DE and XDEM.DE has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IQSE.DE vs. XDEM.DE — Risk / Return Rank
IQSE.DE
XDEM.DE
IQSE.DE vs. XDEM.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 Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.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 | XDEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.25 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 2.63 | +0.77 |
| Martin ratioReturn relative to average drawdown | 14.30 | 9.37 | +4.93 |
Loading charts...
Drawdowns
IQSE.DE vs. XDEM.DE - Drawdown Comparison
The maximum IQSE.DE drawdown since its inception was -33.78%, which is greater than XDEM.DE's maximum drawdown of -30.94%. Use the drawdown chart below to compare losses from any high point for IQSE.DE and XDEM.DE.
Loading charts...
Drawdown Indicators
| IQSE.DE | XDEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -30.94% | -2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -9.86% | +1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -18.04% | -23.51% | +5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -23.46% | -23.51% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.94% | — |
Current DrawdownCurrent decline from peak | -1.50% | -9.86% | +8.36% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -7.37% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 2.77% | -0.84% |
Volatility
IQSE.DE vs. XDEM.DE - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc (IQSE.DE) is 3.49%, while Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) has a volatility of 8.34%. This indicates that IQSE.DE experiences smaller price fluctuations and is considered to be less risky than XDEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IQSE.DE | XDEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 8.34% | -4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.32% | 16.56% | -6.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 19.33% | -6.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.68% | 17.78% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.56% | 18.25% | -0.69% |
IQSE.DE vs. XDEM.DE - Expense Ratio Comparison
IQSE.DE has a 0.30% expense ratio, which is higher than XDEM.DE's 0.25% expense ratio.
Dividends
IQSE.DE vs. XDEM.DE - Dividend Comparison
Neither IQSE.DE nor XDEM.DE has paid dividends to shareholders.
Frequently Asked Questions
IQSE.DE and XDEM.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEM.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for IQSE.DE.
IQSE.DE is categorized as Global Equities, while XDEM.DE is Momentum. They also come from different issuers: Invesco and DWS. Their fees differ too: 0.30% for IQSE.DE and 0.25% for XDEM.DE.
Find the right allocation for IQSE.DE and XDEM.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer