IQSZ vs. ESGV

Last updated Jun 6, 2026

IQSZ (Invesco Global Equity Net Zero ETF) and ESGV (Vanguard ESG U.S. Stock ETF) are both exchange-traded funds - IQSZ is a ESG fund actively managed by Invesco, while ESGV is a Large Cap Blend Equities fund tracking the FTSE US All Cap Choice Index. IQSZ is actively managed, while ESGV is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. IQSZ charges 0.19%/yr vs 0.09%/yr for ESGV.

Performance

IQSZ vs. ESGV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Equity Net Zero ETF (IQSZ) and Vanguard ESG U.S. Stock ETF (ESGV). 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 ESGV's 7.83% return.

IQSZ

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

ESGV

• 1D: -3.05%
• 1M: 0.63%
• YTD: 7.83%
• 6M: 7.39%
• 1Y: 25.05%
• 3Y*: 21.16%
• 5Y*: 12.04%
• 10Y*: —

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

IQSZ vs. ESGV - Yearly Performance Comparison

	2026 (YTD)	2025
IQSZ Invesco Global Equity Net Zero ETF	11.32%	13.36%
ESGV Vanguard ESG U.S. Stock ETF	7.83%	9.96%

Correlation

The correlation between IQSZ and ESGV is 0.93, 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	0.93

Return for Risk

IQSZ vs. ESGV — Risk / Return Rank

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

ESGV

ESGV Risk / Return Rank: 53
ESGV Sharpe Ratio Rank: 55
ESGV Sortino Ratio Rank: 53
ESGV Omega Ratio Rank: 55
ESGV Calmar Ratio Rank: 45
ESGV Martin Ratio Rank: 55

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. ESGV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Equity Net Zero ETF (IQSZ) and Vanguard ESG U.S. Stock ETF (ESGV). 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	ESGV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.84	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.14	0.70	+1.44

Drawdowns

IQSZ vs. ESGV - Drawdown Comparison

The maximum IQSZ drawdown since its inception was -9.12%, smaller than the maximum ESGV drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for IQSZ and ESGV.

Drawdown Indicators

	IQSZ	ESGV	Difference
Max Drawdown Largest peak-to-trough decline	-9.12%	-33.66%	+24.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.81%	—
Current Drawdown Current decline from peak	-3.05%	-3.49%	+0.44%
Average Drawdown Average peak-to-trough decline	-1.22%	-6.43%	+5.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.71%	—

Volatility

Volatility by Period

	IQSZ	ESGV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	13.71%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.02%	18.39%	-4.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.02%	20.61%	-6.59%

IQSZ vs. ESGV - Expense Ratio Comparison

IQSZ has a 0.19% expense ratio, which is higher than ESGV's 0.09% 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. ESGV - Dividend Comparison

IQSZ's dividend yield for the trailing twelve months is around 1.32%, more than ESGV's 0.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ESGV Vanguard ESG U.S. Stock ETF	0.87%	0.91%	1.04%	1.16%	1.42%	0.95%	1.11%	1.27%	0.28%
IQSZ Invesco Global Equity Net Zero ETF	1.32%	1.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IQSZ and ESGV in my portfolio?

With a correlation of 0.93, IQSZ and ESGV 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 ESGV?

On fees, ESGV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IQSZ or ESGV?

ESGV is cheaper with a 0.09% expense ratio, compared with 0.19% for IQSZ.

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

IQSZ has the higher dividend yield at 1.32%, compared with 0.87% for ESGV.

What is the main difference between IQSZ and ESGV?

IQSZ is categorized as ESG, while ESGV is Large Cap Blend Equities. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.19% for IQSZ and 0.09% for ESGV.