IQSZ vs. SNPE

Last updated Jun 27, 2026

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

Performance

IQSZ vs. SNPE - Performance Comparison

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

Returns By Period

In the year-to-date period, IQSZ achieves a 12.10% return, which is significantly higher than SNPE's 8.67% return.

IQSZ

• 1D: -0.29%
• 1M: -1.03%
• YTD: 12.10%
• 6M: 10.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SNPE

• 1D: -0.69%
• 1M: -0.71%
• YTD: 8.67%
• 6M: 7.57%
• 1Y: 24.89%
• 3Y*: 20.52%
• 5Y*: 13.87%
• 10Y*: —

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

IQSZ vs. SNPE - Yearly Performance Comparison

	2026 (YTD)	2025
IQSZ Invesco Global Equity Net Zero ETF	12.10%	13.36%
SNPE Xtrackers S&P 500 ESG ETF	8.67%	12.76%

Correlation

The correlation between IQSZ and SNPE 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 16, 2025	0.91

Return for Risk

IQSZ vs. SNPE — Risk / Return Rank

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

IQSZ

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

SNPE

SNPE Risk / Return Rank: 68
SNPE Sharpe Ratio Rank: 70
SNPE Sortino Ratio Rank: 69
SNPE Omega Ratio Rank: 68
SNPE Calmar Ratio Rank: 61
SNPE Martin Ratio Rank: 73

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. SNPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Equity Net Zero ETF (IQSZ) and Xtrackers S&P 500 ESG ETF (SNPE). 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	SNPE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.97	—
Sortino ratio: Return per unit of downside risk	—	2.74	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.64	—
Martin ratio: Return relative to average drawdown	—	11.91	—

Drawdowns

IQSZ vs. SNPE - Drawdown Comparison

The maximum IQSZ drawdown since its inception was -9.12%, smaller than the maximum SNPE drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for IQSZ and SNPE.

Drawdown Indicators

	IQSZ	SNPE	Difference
Max Drawdown Largest peak-to-trough decline	-9.12%	-33.37%	+24.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.46%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.65%	—
Current Drawdown Current decline from peak	-2.45%	-2.44%	-0.01%
Average Drawdown Average peak-to-trough decline	-1.24%	-4.93%	+3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.09%	—

Volatility

Volatility by Period

	IQSZ	SNPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	12.68%	+1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.19%	17.21%	-3.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.19%	19.66%	-5.47%

IQSZ vs. SNPE - Expense Ratio Comparison

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

IQSZ's dividend yield for the trailing twelve months is around 1.80%, more than SNPE's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IQSZ Invesco Global Equity Net Zero ETF	1.80%	1.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SNPE Xtrackers S&P 500 ESG ETF	0.97%	1.01%	1.17%	1.32%	1.65%	1.08%	1.42%	1.20%

Frequently Asked Questions

Can I hold both IQSZ and SNPE in my portfolio?

With a correlation of 0.91, IQSZ and SNPE 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 SNPE?

On fees, SNPE 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 SNPE?

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

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

IQSZ has the higher dividend yield at 1.80%, compared with 0.97% for SNPE.

What is the main difference between IQSZ and SNPE?

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