IQSS.L vs. CESG.L
IQSS.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) and CESG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc) are both ESG funds. Both are actively managed. Over the past year, IQSS.L returned 29.03% vs 6.40% for CESG.L. At a 0.48 correlation, their price movements are largely independent. IQSS.L charges 0.60%/yr vs 0.75%/yr for CESG.L.
Performance
IQSS.L vs. CESG.L - Performance Comparison
Loading charts...
Different Trading Currencies
IQSS.L is traded in GBp, while CESG.L is traded in USD. To make them comparable, the CESG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IQSS.L achieves a 15.17% return, which is significantly higher than CESG.L's 4.13% return.
IQSS.L
- 1D
- 0.00%
- 1M
- -1.03%
- 6M
- 12.19%
- YTD
- 15.17%
- 1Y
- 29.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CESG.L
- 1D
- 1.10%
- 1M
- 2.26%
- 6M
- 3.57%
- YTD
- 4.13%
- 1Y
- 6.40%
- 3Y*
- 8.70%
- 5Y*
- 6.01%
- 10Y*
- —
IQSS.L vs. CESG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IQSS.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 15.17% | 14.30% | 6.63% |
CESG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc | 4.13% | 3.53% | 8.15% |
Correlation
The correlation between IQSS.L and CESG.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | 0.48 |
The correlation between IQSS.L and CESG.L shifts across timeframes, from 0.31 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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
IQSS.L vs. CESG.L — Risk / Return Rank
IQSS.L
CESG.L
IQSS.L vs. CESG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) and First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L). 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.
| IQSS.L | CESG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.11 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 0.82 | +3.46 |
| Martin ratioReturn relative to average drawdown | 17.51 | 2.06 | +15.44 |
Loading charts...
Drawdowns
IQSS.L vs. CESG.L - Drawdown Comparison
The maximum IQSS.L drawdown since its inception was -18.91%, which is greater than CESG.L's maximum drawdown of -11.53%. Use the drawdown chart below to compare losses from any high point for IQSS.L and CESG.L.
Loading charts...
Drawdown Indicators
| IQSS.L | CESG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.91% | -11.53% | -7.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -7.76% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.53% | — |
Current DrawdownCurrent decline from peak | -1.93% | -1.09% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -2.63% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 3.09% | -1.43% |
Volatility
IQSS.L vs. CESG.L - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) is 3.77%, while First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) has a volatility of 4.24%. This indicates that IQSS.L experiences smaller price fluctuations and is considered to be less risky than CESG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IQSS.L | CESG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 4.24% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 8.93% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 10.67% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 11.91% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.11% | 11.82% | +2.29% |
IQSS.L vs. CESG.L - Expense Ratio Comparison
IQSS.L has a 0.60% expense ratio, which is lower than CESG.L's 0.75% expense ratio.
Dividends
IQSS.L vs. CESG.L - Dividend Comparison
Neither IQSS.L nor CESG.L has paid dividends to shareholders.
Frequently Asked Questions
IQSS.L and CESG.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQSS.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQSS.L is cheaper with a 0.60% expense ratio, compared with 0.75% for CESG.L.
They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.60% for IQSS.L and 0.75% for CESG.L.
Find the right allocation for IQSS.L and CESG.L
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