IQSS.L vs. XWEV.L
IQSS.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) and XWEV.L (Xtrackers MSCI World Value ESG UCITS ETF 1C) are both exchange-traded funds - IQSS.L is a ESG fund actively managed by Invesco, while XWEV.L is a Global Equities fund tracking the MSCI World Value Low Carbon SRI Screened Select. IQSS.L is actively managed, while XWEV.L is passively managed. Over the past year, IQSS.L returned 34.11% vs 44.91% for XWEV.L. Their correlation of 0.82 suggests significant overlap in exposure. IQSS.L charges 0.60%/yr vs 0.25%/yr for XWEV.L.
Performance
IQSS.L vs. XWEV.L - Performance Comparison
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Different Trading Currencies
IQSS.L is traded in GBp, while XWEV.L is traded in USD. To make them comparable, the XWEV.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 15.54% return, which is significantly lower than XWEV.L's 17.92% return.
IQSS.L
- 1D
- 0.00%
- 1M
- 3.26%
- YTD
- 15.54%
- 6M
- 15.72%
- 1Y
- 34.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XWEV.L
- 1D
- 0.00%
- 1M
- 2.21%
- YTD
- 17.92%
- 6M
- 18.23%
- 1Y
- 44.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQSS.L vs. XWEV.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% |
XWEV.L Xtrackers MSCI World Value ESG UCITS ETF 1C | 17.92% | 28.71% | 2.61% |
Correlation
The correlation between IQSS.L and XWEV.L is 0.81, 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 | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | 0.82 |
The correlation between IQSS.L and XWEV.L has been stable across timeframes, ranging from 0.81 to 0.82 - a consistent structural relationship.
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Return for Risk
IQSS.L vs. XWEV.L — Risk / Return Rank
IQSS.L
XWEV.L
IQSS.L vs. XWEV.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 Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.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 | XWEV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.59 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.03 | 5.26 | -0.22 |
| Martin ratioReturn relative to average drawdown | 21.00 | 19.68 | +1.32 |
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Drawdowns
IQSS.L vs. XWEV.L - Drawdown Comparison
The maximum IQSS.L drawdown since its inception was -18.91%, which is greater than XWEV.L's maximum drawdown of -15.50%. Use the drawdown chart below to compare losses from any high point for IQSS.L and XWEV.L.
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Drawdown Indicators
| IQSS.L | XWEV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.91% | -15.50% | -3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -8.51% | +1.70% |
Current DrawdownCurrent decline from peak | -1.53% | -1.89% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -2.80% | -1.90% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.28% | -0.65% |
Volatility
IQSS.L vs. XWEV.L - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) is 3.41%, while Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) has a volatility of 4.88%. This indicates that IQSS.L experiences smaller price fluctuations and is considered to be less risky than XWEV.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 | XWEV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 4.88% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 11.86% | -3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 14.33% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 13.99% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.14% | 13.99% | +0.15% |
IQSS.L vs. XWEV.L - Expense Ratio Comparison
IQSS.L has a 0.60% expense ratio, which is higher than XWEV.L's 0.25% expense ratio.
Dividends
IQSS.L vs. XWEV.L - Dividend Comparison
Neither IQSS.L nor XWEV.L has paid dividends to shareholders.
Frequently Asked Questions
IQSS.L and XWEV.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWEV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWEV.L is cheaper with a 0.25% expense ratio, compared with 0.60% for IQSS.L.
IQSS.L is categorized as ESG, while XWEV.L is Global Equities. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.60% for IQSS.L and 0.25% for XWEV.L.
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