IQSZ vs. IVRA
IQSZ (Invesco Global Equity Net Zero ETF) and IVRA (Invesco Real Assets ESG ETF) are both ESG funds from Invesco. Both are actively managed. At a 0.22 correlation, their price movements are largely independent. IQSZ charges 0.19%/yr vs 0.59%/yr for IVRA.
Performance
IQSZ vs. IVRA - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IQSZ having a 11.32% return and IVRA slightly higher at 11.70%.
IQSZ
- 1D
- -2.92%
- 1M
- -0.13%
- YTD
- 11.32%
- 6M
- 12.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVRA
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 11.70%
- 6M
- 11.90%
- 1Y
- 16.22%
- 3Y*
- 15.44%
- 5Y*
- 7.62%
- 10Y*
- —
IQSZ vs. IVRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IQSZ Invesco Global Equity Net Zero ETF | 11.32% | 13.36% |
IVRA Invesco Real Assets ESG ETF | 11.70% | 3.36% |
Correlation
The correlation between IQSZ and IVRA is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 17, 2025 | 0.22 |
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Return for Risk
IQSZ vs. IVRA — Risk / Return Rank
IQSZ
IVRA
IQSZ vs. IVRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Equity Net Zero ETF (IQSZ) and Invesco Real Assets ESG ETF (IVRA). 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.
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Sharpe Ratios by Period
| IQSZ | IVRA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.77 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.14 | 0.73 | +1.41 |
Drawdowns
IQSZ vs. IVRA - Drawdown Comparison
The maximum IQSZ drawdown since its inception was -9.12%, smaller than the maximum IVRA drawdown of -25.99%. Use the drawdown chart below to compare losses from any high point for IQSZ and IVRA.
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Drawdown Indicators
| IQSZ | IVRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.12% | -25.99% | +16.87% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.60% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.99% | — |
Current DrawdownCurrent decline from peak | -3.05% | -0.92% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -7.26% | +6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.32% | — |
Volatility
IQSZ vs. IVRA - Volatility Comparison
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Volatility by Period
| IQSZ | IVRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.37% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.02% | 9.26% | +4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.02% | 16.58% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 16.38% | -2.36% |
IQSZ vs. IVRA - Expense Ratio Comparison
IQSZ has a 0.19% expense ratio, which is lower than IVRA's 0.59% expense ratio.
Dividends
IQSZ vs. IVRA - Dividend Comparison
IQSZ's dividend yield for the trailing twelve months is around 1.32%, less than IVRA's 16.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IQSZ Invesco Global Equity Net Zero ETF | 1.32% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% |
IVRA Invesco Real Assets ESG ETF | 16.99% | 5.68% | 3.71% | 2.47% | 2.30% | 3.01% |
Frequently Asked Questions
IQSZ and IVRA have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQSZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQSZ is cheaper with a 0.19% expense ratio, compared with 0.59% for IVRA.
IVRA has the higher dividend yield at 16.99%, compared with 1.32% for IQSZ.
Their fees differ too: 0.19% for IQSZ and 0.59% for IVRA.
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