IQSZ vs. EAGG
IQSZ (Invesco Global Equity Net Zero ETF) and EAGG (iShares ESG Aware US Aggregate Bond ETF) are both exchange-traded funds - IQSZ is a ESG fund actively managed by Invesco, while EAGG is a Intermediate Core Bond fund tracking the Bloomberg MSCI U.S. Aggregate ESG Focus Index. IQSZ is actively managed, while EAGG is passively managed. Over the past year, IQSZ returned 28.75% vs 4.20% for EAGG. At a 0.35 correlation, their price movements are largely independent. IQSZ charges 0.19%/yr vs 0.10%/yr for EAGG.
Performance
IQSZ vs. EAGG - Performance Comparison
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Returns By Period
In the year-to-date period, IQSZ achieves a 13.58% return, which is significantly higher than EAGG's 0.21% return.
IQSZ
- 1D
- -0.78%
- 1M
- -0.86%
- 6M
- 10.99%
- YTD
- 13.58%
- 1Y
- 28.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EAGG
- 1D
- -0.04%
- 1M
- -0.47%
- 6M
- -0.15%
- YTD
- 0.21%
- 1Y
- 4.20%
- 3Y*
- 3.78%
- 5Y*
- -0.24%
- 10Y*
- —
IQSZ vs. EAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IQSZ Invesco Global Equity Net Zero ETF | 13.58% | 13.36% |
EAGG iShares ESG Aware US Aggregate Bond ETF | 0.21% | 4.16% |
Correlation
The correlation between IQSZ and EAGG is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025 | 0.35 |
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Return for Risk
IQSZ vs. EAGG — Risk / Return Rank
IQSZ
EAGG
IQSZ vs. EAGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Equity Net Zero ETF (IQSZ) and iShares ESG Aware US Aggregate Bond ETF (EAGG). 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.
| IQSZ | EAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.20 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 1.53 | +1.63 |
| Martin ratioReturn relative to average drawdown | 13.42 | 4.23 | +9.18 |
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Drawdowns
IQSZ vs. EAGG - Drawdown Comparison
The maximum IQSZ drawdown since its inception was -9.12%, smaller than the maximum EAGG drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for IQSZ and EAGG.
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Drawdown Indicators
| IQSZ | EAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.12% | -18.74% | +9.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.12% | -2.75% | -6.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.20% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.98% | — |
Current DrawdownCurrent decline from peak | -1.16% | -2.84% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -5.99% | +4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 0.99% | +1.16% |
Volatility
IQSZ vs. EAGG - Volatility Comparison
Invesco Global Equity Net Zero ETF (IQSZ) has a higher volatility of 3.76% compared to iShares ESG Aware US Aggregate Bond ETF (EAGG) at 1.13%. This indicates that IQSZ's price experiences larger fluctuations and is considered to be riskier than EAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQSZ | EAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 1.13% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 2.85% | +8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 3.71% | +10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.07% | 6.04% | +8.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.07% | 5.48% | +8.59% |
IQSZ vs. EAGG - Expense Ratio Comparison
IQSZ has a 0.19% expense ratio, which is higher than EAGG's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IQSZ vs. EAGG - Dividend Comparison
IQSZ's dividend yield for the trailing twelve months is around 1.77%, less than EAGG's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EAGG iShares ESG Aware US Aggregate Bond ETF | 4.03% | 3.92% | 3.93% | 3.24% | 2.07% | 1.09% | 1.82% | 3.17% | 0.61% |
IQSZ Invesco Global Equity Net Zero ETF | 1.77% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQSZ and EAGG have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IQSZ has higher volatility (3.76%) compared to EAGG (1.13%). In terms of maximum drawdown, IQSZ dropped -9.12% vs EAGG's -18.74%.
On 1-year performance, IQSZ leads with 28.75% vs 4.20% for EAGG. On fees, EAGG is cheaper at 0.10% per year. On volatility, EAGG has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IQSZ has performed better with a 28.75% return vs 4.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EAGG is cheaper with a 0.10% expense ratio, compared with 0.19% for IQSZ.
EAGG has the higher dividend yield at 4.03%, compared with 1.77% for IQSZ.
IQSZ is categorized as ESG, while EAGG is Intermediate Core Bond. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for IQSZ and 0.10% for EAGG.
IQSZ currently has the higher Sharpe Ratio (2.05 vs 1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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