IQSZ vs. IDMO
IQSZ (Invesco Global Equity Net Zero ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - IQSZ is a ESG fund actively managed by Invesco, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. IQSZ is actively managed, while IDMO is passively managed. Over the past year, IQSZ returned 28.75% vs 21.68% for IDMO. Their correlation of 0.83 suggests significant overlap in exposure. IQSZ charges 0.19%/yr vs 0.25%/yr for IDMO.
Performance
IQSZ vs. IDMO - 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 IDMO's 8.27% return.
IQSZ
- 1D
- -0.78%
- 1M
- -0.86%
- 6M
- 10.99%
- YTD
- 13.58%
- 1Y
- 28.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IDMO
- 1D
- -1.59%
- 1M
- -2.15%
- 6M
- 5.42%
- YTD
- 8.27%
- 1Y
- 21.68%
- 3Y*
- 24.84%
- 5Y*
- 15.50%
- 10Y*
- 12.47%
IQSZ vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IQSZ Invesco Global Equity Net Zero ETF | 13.58% | 13.36% |
IDMO Invesco S&P International Developed Momentum ETF | 8.27% | 13.26% |
Correlation
The correlation between IQSZ and IDMO is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025 | 0.83 |
The correlation between IQSZ and IDMO has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.
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Return for Risk
IQSZ vs. IDMO — Risk / Return Rank
IQSZ
IDMO
IQSZ vs. IDMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Equity Net Zero ETF (IQSZ) and Invesco S&P International Developed Momentum ETF (IDMO). 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 | IDMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.22 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 1.77 | +1.40 |
| Martin ratioReturn relative to average drawdown | 13.42 | 6.94 | +6.47 |
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Drawdowns
IQSZ vs. IDMO - Drawdown Comparison
The maximum IQSZ drawdown since its inception was -9.12%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for IQSZ and IDMO.
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Drawdown Indicators
| IQSZ | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.12% | -39.38% | +30.26% |
Max Drawdown (1Y)Largest decline over 1 year | -9.12% | -12.31% | +3.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.34% | — |
Current DrawdownCurrent decline from peak | -1.16% | -3.93% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -9.70% | +8.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 3.13% | -0.98% |
Volatility
IQSZ vs. IDMO - Volatility Comparison
The current volatility for Invesco Global Equity Net Zero ETF (IQSZ) is 3.76%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 5.93%. This indicates that IQSZ experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQSZ | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 5.93% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 16.86% | -5.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 18.53% | -4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.07% | 18.14% | -4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.07% | 17.89% | -3.82% |
IQSZ vs. IDMO - Expense Ratio Comparison
IQSZ has a 0.19% expense ratio, which is lower than IDMO's 0.25% expense ratio. Despite the difference, 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. IDMO - Dividend Comparison
IQSZ's dividend yield for the trailing twelve months is around 1.77%, less than IDMO's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 3.69% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IQSZ and IDMO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDMO has higher volatility (5.93%) compared to IQSZ (3.76%). In terms of maximum drawdown, IQSZ dropped -9.12% vs IDMO's -39.38%.
On 1-year performance, IQSZ leads with 28.75% vs 21.68% for IDMO. On fees, IQSZ is cheaper at 0.19% per year. On volatility, IQSZ has been the lower-risk option at 3.76%. 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 21.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IQSZ is cheaper with a 0.19% expense ratio, compared with 0.25% for IDMO.
IDMO has the higher dividend yield at 3.69%, compared with 1.77% for IQSZ.
IQSZ is categorized as ESG, while IDMO is Momentum. Their fees differ too: 0.19% for IQSZ and 0.25% for IDMO.
IQSZ currently has the higher Sharpe Ratio (2.05 vs 1.18), 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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