IQSS.L vs. FWRA.L
IQSS.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) and FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) are both exchange-traded funds - IQSS.L is a ESG fund actively managed by Invesco, while FWRA.L is a Global Equities fund tracking the FTSE All-World Index. IQSS.L is actively managed, while FWRA.L is passively managed. Over the past year, IQSS.L returned 32.16% vs 30.18% for FWRA.L. Their correlation of 0.85 suggests significant overlap in exposure. IQSS.L charges 0.60%/yr vs 0.15%/yr for FWRA.L.
Performance
IQSS.L vs. FWRA.L - Performance Comparison
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Different Trading Currencies
IQSS.L is traded in GBp, while FWRA.L is traded in USD. To make them comparable, the FWRA.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 14.34% return, which is significantly higher than FWRA.L's 12.15% return.
IQSS.L
- 1D
- -0.06%
- 1M
- 6.33%
- YTD
- 14.34%
- 6M
- 15.71%
- 1Y
- 32.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FWRA.L
- 1D
- 0.00%
- 1M
- 5.33%
- YTD
- 12.15%
- 6M
- 12.33%
- 1Y
- 30.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQSS.L vs. FWRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IQSS.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.34% | 14.30% | 6.63% |
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 12.04% | 13.65% | 6.27% |
Correlation
The correlation between IQSS.L and FWRA.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024 | 0.85 |
The correlation between IQSS.L and FWRA.L has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
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Return for Risk
IQSS.L vs. FWRA.L — Risk / Return Rank
IQSS.L
FWRA.L
IQSS.L vs. FWRA.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 Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.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.
| IQSS.L | FWRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.49 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | 4.33 | +0.37 |
| Martin ratioReturn relative to average drawdown | 19.62 | 16.50 | +3.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IQSS.L | FWRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.86 | 2.54 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 1.44 | -0.09 |
Drawdowns
IQSS.L vs. FWRA.L - Drawdown Comparison
The maximum IQSS.L drawdown since its inception was -18.91%, which is greater than FWRA.L's maximum drawdown of -17.86%. Use the drawdown chart below to compare losses from any high point for IQSS.L and FWRA.L.
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Drawdown Indicators
| IQSS.L | FWRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.91% | -17.86% | -1.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -6.91% | +0.10% |
Current DrawdownCurrent decline from peak | -0.22% | -0.38% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -2.09% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.82% | -0.18% |
Volatility
IQSS.L vs. FWRA.L - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) is 3.21%, while Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) has a volatility of 3.67%. This indicates that IQSS.L experiences smaller price fluctuations and is considered to be less risky than FWRA.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 | FWRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 3.67% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.26% | 9.28% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 11.79% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.10% | 12.93% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.10% | 12.93% | +1.17% |
IQSS.L vs. FWRA.L - Expense Ratio Comparison
IQSS.L has a 0.60% expense ratio, which is higher than FWRA.L's 0.15% expense ratio.
Dividends
IQSS.L vs. FWRA.L - Dividend Comparison
Neither IQSS.L nor FWRA.L has paid dividends to shareholders.
Frequently Asked Questions
IQSS.L and FWRA.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWRA.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWRA.L is cheaper with a 0.15% expense ratio, compared with 0.60% for IQSS.L.
IQSS.L is categorized as ESG, while FWRA.L is Global Equities. Their fees differ too: 0.60% for IQSS.L and 0.15% for FWRA.L.
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