IQSS.L vs. VWRP.L
IQSS.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) and VWRP.L (Vanguard FTSE All-World UCITS ETF (USD) Accumulating) are both exchange-traded funds - IQSS.L is a ESG fund actively managed by Invesco, while VWRP.L is a Global Equities fund tracking the FTSE All-World Index. IQSS.L is actively managed, while VWRP.L is passively managed. Over the past year, IQSS.L returned 30.85% vs 22.63% for VWRP.L. Their correlation of 0.93 suggests significant overlap in exposure. IQSS.L charges 0.60%/yr vs 0.22%/yr for VWRP.L.
Performance
IQSS.L vs. VWRP.L - Performance Comparison
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Different Trading Currencies
IQSS.L is traded in GBp, while VWRP.L is traded in GBP. To make them comparable, the VWRP.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 16.70% return, which is significantly higher than VWRP.L's 10.99% return.
IQSS.L
- 1D
- 0.00%
- 1M
- 0.91%
- 6M
- 14.90%
- YTD
- 16.70%
- 1Y
- 30.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWRP.L
- 1D
- -0.64%
- 1M
- -1.11%
- 6M
- 9.25%
- YTD
- 10.99%
- 1Y
- 22.63%
- 3Y*
- 17.86%
- 5Y*
- 11.49%
- 10Y*
- —
IQSS.L vs. VWRP.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% |
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating | 10.99% | 13.94% | 6.23% |
Correlation
The correlation between IQSS.L and VWRP.L is 0.91, 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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | 0.93 |
The correlation between IQSS.L and VWRP.L has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
IQSS.L vs. VWRP.L — Risk / Return Rank
IQSS.L
VWRP.L
IQSS.L vs. VWRP.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 Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.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 | VWRP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.39 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 3.17 | +1.38 |
| Martin ratioReturn relative to average drawdown | 18.75 | 12.32 | +6.43 |
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Drawdowns
IQSS.L vs. VWRP.L - Drawdown Comparison
The maximum IQSS.L drawdown since its inception was -18.91%, smaller than the maximum VWRP.L drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for IQSS.L and VWRP.L.
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Drawdown Indicators
| IQSS.L | VWRP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.91% | -25.10% | +6.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -7.10% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.64% | — |
Current DrawdownCurrent decline from peak | -0.63% | -2.03% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -3.35% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.83% | -0.18% |
Volatility
IQSS.L vs. VWRP.L - Volatility Comparison
Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) has a higher volatility of 3.72% compared to Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) at 3.06%. This indicates that IQSS.L's price experiences larger fluctuations and is considered to be riskier than VWRP.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 | VWRP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 3.06% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 8.48% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 10.95% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 12.97% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.11% | 14.91% | -0.80% |
IQSS.L vs. VWRP.L - Expense Ratio Comparison
IQSS.L has a 0.60% expense ratio, which is higher than VWRP.L's 0.22% expense ratio.
Dividends
IQSS.L vs. VWRP.L - Dividend Comparison
Neither IQSS.L nor VWRP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, IQSS.L and VWRP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VWRP.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRP.L is cheaper with a 0.22% expense ratio, compared with 0.60% for IQSS.L.
IQSS.L is categorized as ESG, while VWRP.L is Global Equities. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.60% for IQSS.L and 0.22% for VWRP.L.
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