IQSZ vs. IVRA

Last updated Jul 17, 2026

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 0.20 correlation, their price movements are largely independent. IQSZ charges 0.19%/yr vs 0.59%/yr for IVRA.

Performance

IQSZ vs. IVRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Equity Net Zero ETF (IQSZ) and Invesco Real Assets ESG ETF (IVRA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IQSZ

• 1D: -0.78%
• 1M: -0.86%
• 6M: 10.99%
• YTD: 13.58%
• 1Y: 28.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVRA

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IQSZ vs. IVRA - Yearly Performance Comparison

	2026 (YTD)	2025
IQSZ Invesco Global Equity Net Zero ETF	13.58%	13.36%
IVRA Invesco Real Assets ESG ETF	11.70%	3.80%

Correlation

The correlation between IQSZ and IVRA is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.20

Return for Risk

IQSZ vs. IVRA — Risk / Return Rank

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

IQSZ

IQSZ Risk / Return Rank: 79
IQSZ Sharpe Ratio Rank: 80
IQSZ Sortino Ratio Rank: 78
IQSZ Omega Ratio Rank: 77
IQSZ Calmar Ratio Rank: 77
IQSZ Martin Ratio Rank: 85

IVRA

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

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. 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.

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	IVRA	Difference
Sharpe ratio: Return per unit of total volatility	2.05	—	—
Sortino ratio: Return per unit of downside risk	2.82	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	3.17	—	—
Martin ratio: Return relative to average drawdown	13.42	—	—

Drawdowns

Drawdown Indicators

	IQSZ	IVRA	Difference
Max Drawdown Largest peak-to-trough decline	-9.12%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.12%	—	—
Current Drawdown Current decline from peak	-1.16%	—	—
Average Drawdown Average peak-to-trough decline	-1.24%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	—	—

Volatility

Volatility by Period

	IQSZ	IVRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.07%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.07%	—	—

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 1.77%, while IVRA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
IQSZ Invesco Global Equity Net Zero ETF	1.77%	1.03%	0.00%	0.00%	0.00%	0.00%
IVRA Invesco Real Assets ESG ETF	16.80%	5.68%	3.71%	2.47%	2.30%	3.01%

Frequently Asked Questions

Can I hold both IQSZ and IVRA in my portfolio?

IQSZ and IVRA have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IQSZ or IVRA?

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.

Which ETF is cheaper, IQSZ or IVRA?

IQSZ is cheaper with a 0.19% expense ratio, compared with 0.59% for IVRA.

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

IVRA has the higher dividend yield at 16.80%, compared with 1.77% for IQSZ.

What is the main difference between IQSZ and IVRA?

Their fees differ too: 0.19% for IQSZ and 0.59% for IVRA.