IQSS.L vs. FWRG.L

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.L).

IQSS.L and FWRG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IQSS.L is an actively managed fund by Invesco. It was launched on Sep 7, 2022. FWRG.L is a passively managed fund by Invesco that tracks the performance of the FTSE All-World Index. It was launched on Feb 20, 2024.

Performance

IQSS.L vs. FWRG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.L). The values are adjusted to include any dividend payments, if applicable.

IQSS.L vs. FWRG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IQSS.L Invesco Global Active ESG Equity UCITS ETF USD Acc	-1.12%	14.30%	6.63%
FWRG.L Invesco FTSE All-World UCITS ETF Acc	-0.63%	5.73%	9.04%

Different Trading Currencies

IQSS.L is traded in GBp, while FWRG.L is traded in USD. To make them comparable, the FWRG.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 -1.12% return, which is significantly lower than FWRG.L's -0.87% return.

IQSS.L

• 1D: 0.56%
• 1M: -5.88%
• YTD: -1.12%
• 6M: 4.37%
• 1Y: 19.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FWRG.L

• 1D: 0.00%
• 1M: -4.56%
• YTD: -0.87%
• 6M: 3.13%
• 1Y: 14.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IQSS.L vs. FWRG.L - Expense Ratio Comparison

IQSS.L has a 0.60% expense ratio, which is higher than FWRG.L's 0.15% expense ratio.

IQSS.L

Invesco Global Active ESG Equity UCITS ETF USD Acc

FWRG.L

Invesco FTSE All-World UCITS ETF Acc

Return for Risk

IQSS.L vs. FWRG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IQSS.L

IQSS.L Risk / Return Rank: 70
IQSS.L Sharpe Ratio Rank: 71
IQSS.L Sortino Ratio Rank: 70
IQSS.L Omega Ratio Rank: 70
IQSS.L Calmar Ratio Rank: 66
IQSS.L Martin Ratio Rank: 71

FWRG.L

FWRG.L Risk / Return Rank: 71
FWRG.L Sharpe Ratio Rank: 73
FWRG.L Sortino Ratio Rank: 72
FWRG.L Omega Ratio Rank: 73
FWRG.L Calmar Ratio Rank: 66
FWRG.L Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IQSS.L vs. FWRG.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 Acc (FWRG.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	FWRG.L	Difference
Sharpe ratio Return per unit of total volatility	1.29	0.90	+0.39
Sortino ratio Return per unit of downside risk	1.81	1.29	+0.52
Omega ratio Gain probability vs. loss probability	1.27	1.18	+0.09
Calmar ratio Return relative to maximum drawdown	1.75	1.39	+0.36
Martin ratio Return relative to average drawdown	7.50	3.97	+3.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IQSS.L vs. FWRG.L - Sharpe Ratio Comparison

The current IQSS.L Sharpe Ratio is 1.29, which is higher than the FWRG.L Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of IQSS.L and FWRG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IQSS.L	FWRG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	0.90	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.81	-0.01

Correlation

The correlation between IQSS.L and FWRG.L is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IQSS.L vs. FWRG.L - Dividend Comparison

Neither IQSS.L nor FWRG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IQSS.L vs. FWRG.L - Drawdown Comparison

The maximum IQSS.L drawdown since its inception was -18.91%, smaller than the maximum FWRG.L drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for IQSS.L and FWRG.L.

Drawdown Indicators

	IQSS.L	FWRG.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.91%	-18.88%	-0.03%
Max Drawdown (1Y) Largest decline over 1 year	-10.27%	-10.08%	-0.19%
Current Drawdown Current decline from peak	-5.88%	-6.18%	+0.30%
Average Drawdown Average peak-to-trough decline	-3.08%	-2.37%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.38%	2.40%	-0.02%

Volatility

IQSS.L vs. FWRG.L - Volatility Comparison

The current volatility for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) is 4.48%, while Invesco FTSE All-World UCITS ETF Acc (FWRG.L) has a volatility of 5.06%. This indicates that IQSS.L experiences smaller price fluctuations and is considered to be less risky than FWRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQSS.L	FWRG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	5.06%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	8.45%	9.95%	-1.50%
Volatility (1Y) Calculated over the trailing 1-year period	14.83%	15.86%	-1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	14.89%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.22%	14.89%	-0.67%