IQSZ vs. EFIV

Last updated Jun 6, 2026

IQSZ (Invesco Global Equity Net Zero ETF) and EFIV (State Street SPDR S&P 500 ESG ETF) are both exchange-traded funds - IQSZ is a ESG fund actively managed by Invesco, while EFIV is a S&P 500 fund tracking the S&P 500 ESG Index. IQSZ is actively managed, while EFIV is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. IQSZ charges 0.19%/yr vs 0.10%/yr for EFIV.

Performance

IQSZ vs. EFIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Equity Net Zero ETF (IQSZ) and State Street SPDR S&P 500 ESG ETF (EFIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IQSZ achieves a 11.32% return, which is significantly higher than EFIV's 8.20% return.

IQSZ

• 1D: -2.92%
• 1M: -0.13%
• YTD: 11.32%
• 6M: 12.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EFIV

• 1D: -2.61%
• 1M: 0.49%
• YTD: 8.20%
• 6M: 8.47%
• 1Y: 28.50%
• 3Y*: 21.16%
• 5Y*: 14.13%
• 10Y*: —

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

IQSZ vs. EFIV - Yearly Performance Comparison

	2026 (YTD)	2025
IQSZ Invesco Global Equity Net Zero ETF	11.32%	13.36%
EFIV State Street SPDR S&P 500 ESG ETF	8.20%	12.30%

Correlation

The correlation between IQSZ and EFIV 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 (All Time) Calculated using the full available price history since Jul 17, 2025	0.91

Return for Risk

IQSZ vs. EFIV — Risk / Return Rank

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

EFIV

EFIV Risk / Return Rank: 73
EFIV Sharpe Ratio Rank: 76
EFIV Sortino Ratio Rank: 75
EFIV Omega Ratio Rank: 75
EFIV Calmar Ratio Rank: 63
EFIV Martin Ratio Rank: 76

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.

IQSZ vs. EFIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Equity Net Zero ETF (IQSZ) and State Street SPDR S&P 500 ESG ETF (EFIV). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IQSZ	EFIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.36	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.14	1.04	+1.10

Drawdowns

IQSZ vs. EFIV - Drawdown Comparison

The maximum IQSZ drawdown since its inception was -9.12%, smaller than the maximum EFIV drawdown of -24.52%. Use the drawdown chart below to compare losses from any high point for IQSZ and EFIV.

Drawdown Indicators

	IQSZ	EFIV	Difference
Max Drawdown Largest peak-to-trough decline	-9.12%	-24.52%	+15.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.52%	—
Current Drawdown Current decline from peak	-3.05%	-2.61%	-0.44%
Average Drawdown Average peak-to-trough decline	-1.22%	-4.80%	+3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.04%	—

Volatility

Volatility by Period

	IQSZ	EFIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	12.13%	+1.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.02%	16.96%	-2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.02%	16.86%	-2.84%

IQSZ vs. EFIV - Expense Ratio Comparison

IQSZ has a 0.19% expense ratio, which is higher than EFIV'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. EFIV - Dividend Comparison

IQSZ's dividend yield for the trailing twelve months is around 1.32%, more than EFIV's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EFIV State Street SPDR S&P 500 ESG ETF	0.95%	1.03%	1.20%	1.37%	1.64%	1.19%	0.65%
IQSZ Invesco Global Equity Net Zero ETF	1.32%	1.03%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IQSZ and EFIV in my portfolio?

With a correlation of 0.91, IQSZ and EFIV 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.

Which ETF is better, IQSZ or EFIV?

On fees, EFIV is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IQSZ or EFIV?

EFIV is cheaper with a 0.10% expense ratio, compared with 0.19% for IQSZ.

Which ETF pays a higher dividend yield, IQSZ or EFIV?

IQSZ has the higher dividend yield at 1.32%, compared with 0.95% for EFIV.

What is the main difference between IQSZ and EFIV?

IQSZ is categorized as ESG, while EFIV is S&P 500. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.19% for IQSZ and 0.10% for EFIV.