IQSS.L vs. EMDH.L
IQSS.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) and EMDH.L (L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - IQSS.L is a ESG fund actively managed by Invesco, while EMDH.L is a Emerging Markets Bonds fund tracking the J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index. IQSS.L is actively managed, while EMDH.L is passively managed. Over the past year, IQSS.L returned 30.85% vs 2.22% for EMDH.L. At a 0.27 correlation, their price movements are largely independent. IQSS.L charges 0.60%/yr vs 0.38%/yr for EMDH.L.
Performance
IQSS.L vs. EMDH.L - Performance Comparison
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Returns By Period
In the year-to-date period, IQSS.L achieves a 16.70% return, which is significantly higher than EMDH.L's -1.83% return.
IQSS.L
- 1D
- 0.00%
- 1M
- 0.91%
- 6M
- 14.90%
- YTD
- 16.70%
- 1Y
- 30.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMDH.L
- 1D
- -0.29%
- 1M
- -0.42%
- 6M
- -2.12%
- YTD
- -1.83%
- 1Y
- 2.22%
- 3Y*
- 4.88%
- 5Y*
- —
- 10Y*
- —
IQSS.L vs. EMDH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IQSS.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 16.70% | 14.30% | 6.63% |
EMDH.L L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged (Dist) | -1.83% | 7.78% | 2.49% |
Correlation
The correlation between IQSS.L and EMDH.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | 0.27 |
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Return for Risk
IQSS.L vs. EMDH.L — Risk / Return Rank
IQSS.L
EMDH.L
IQSS.L vs. EMDH.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 L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged (Dist) (EMDH.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 | EMDH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.10 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.11 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 0.46 | +4.09 |
| Martin ratioReturn relative to average drawdown | 18.75 | 1.17 | +17.58 |
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Drawdowns
IQSS.L vs. EMDH.L - Drawdown Comparison
The maximum IQSS.L drawdown since its inception was -18.91%, roughly equal to the maximum EMDH.L drawdown of -18.65%. Use the drawdown chart below to compare losses from any high point for IQSS.L and EMDH.L.
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Drawdown Indicators
| IQSS.L | EMDH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.91% | -18.65% | -0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -4.44% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.44% | — |
Current DrawdownCurrent decline from peak | -0.63% | -2.12% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -6.27% | +3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.77% | -0.12% |
Volatility
IQSS.L vs. EMDH.L - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) has a higher volatility of 3.72% compared to L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged (Dist) (EMDH.L) at 0.74%. This indicates that IQSS.L's price experiences larger fluctuations and is considered to be riskier than EMDH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQSS.L | EMDH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 0.74% | +2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 3.76% | +5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 4.17% | +7.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 5.22% | +8.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.11% | 5.22% | +8.89% |
IQSS.L vs. EMDH.L - Expense Ratio Comparison
IQSS.L has a 0.60% expense ratio, which is higher than EMDH.L's 0.38% expense ratio.
Dividends
IQSS.L vs. EMDH.L - Dividend Comparison
IQSS.L has not paid dividends to shareholders, while EMDH.L's dividend yield for the trailing twelve months is around 2.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EMDH.L L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF GBP Hedged (Dist) | 2.68% | 5.29% | 4.90% | 4.53% | 2.36% |
IQSS.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQSS.L and EMDH.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMDH.L is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMDH.L is cheaper with a 0.38% expense ratio, compared with 0.60% for IQSS.L.
IQSS.L is categorized as ESG, while EMDH.L is Emerging Markets Bonds. They also come from different issuers: Invesco and L&G. Their fees differ too: 0.60% for IQSS.L and 0.38% for EMDH.L.
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