IQSS.L vs. X7PP.L
IQSS.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) and X7PP.L (Invesco European Banks Sector UCITS ETF) are both exchange-traded funds - IQSS.L is a ESG fund actively managed by Invesco, while X7PP.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. IQSS.L is actively managed, while X7PP.L is passively managed. Over the past year, IQSS.L returned 34.11% vs 51.22% for X7PP.L. A 0.53 correlation means they provide meaningful diversification when combined. IQSS.L charges 0.60%/yr vs 0.20%/yr for X7PP.L.
Performance
IQSS.L vs. X7PP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IQSS.L achieves a 15.54% return, which is significantly higher than X7PP.L's 12.44% return.
IQSS.L
- 1D
- 0.00%
- 1M
- 3.26%
- YTD
- 15.54%
- 6M
- 15.72%
- 1Y
- 34.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
X7PP.L
- 1D
- -1.52%
- 1M
- 8.06%
- YTD
- 12.44%
- 6M
- 12.95%
- 1Y
- 51.22%
- 3Y*
- 46.74%
- 5Y*
- 29.71%
- 10Y*
- 16.94%
IQSS.L vs. X7PP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IQSS.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 15.54% | 14.30% | 6.63% |
X7PP.L Invesco European Banks Sector UCITS ETF | 12.44% | 87.77% | 6.24% |
Correlation
The correlation between IQSS.L and X7PP.L is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | 0.53 |
The correlation between IQSS.L and X7PP.L has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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Return for Risk
IQSS.L vs. X7PP.L — Risk / Return Rank
IQSS.L
X7PP.L
IQSS.L vs. X7PP.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 European Banks Sector UCITS ETF (X7PP.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 | X7PP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.38 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.03 | 3.20 | +1.83 |
| Martin ratioReturn relative to average drawdown | 21.00 | 10.69 | +10.31 |
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Drawdowns
IQSS.L vs. X7PP.L - Drawdown Comparison
The maximum IQSS.L drawdown since its inception was -18.91%, smaller than the maximum X7PP.L drawdown of -56.28%. Use the drawdown chart below to compare losses from any high point for IQSS.L and X7PP.L.
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Drawdown Indicators
| IQSS.L | X7PP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.91% | -56.28% | +37.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -15.94% | +9.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.28% | — |
Current DrawdownCurrent decline from peak | -1.53% | -2.32% | +0.79% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -15.35% | +12.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 4.78% | -3.15% |
Volatility
IQSS.L vs. X7PP.L - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) is 3.41%, while Invesco European Banks Sector UCITS ETF (X7PP.L) has a volatility of 6.29%. This indicates that IQSS.L experiences smaller price fluctuations and is considered to be less risky than X7PP.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 | X7PP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 6.29% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 18.31% | -9.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 22.01% | -10.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 23.55% | -9.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.14% | 24.31% | -10.17% |
IQSS.L vs. X7PP.L - Expense Ratio Comparison
IQSS.L has a 0.60% expense ratio, which is higher than X7PP.L's 0.20% expense ratio.
Dividends
IQSS.L vs. X7PP.L - Dividend Comparison
Neither IQSS.L nor X7PP.L has paid dividends to shareholders.
Frequently Asked Questions
IQSS.L and X7PP.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X7PP.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X7PP.L is cheaper with a 0.20% expense ratio, compared with 0.60% for IQSS.L.
IQSS.L is categorized as ESG, while X7PP.L is Financials Equities. Their fees differ too: 0.60% for IQSS.L and 0.20% for X7PP.L.
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