IQSZ vs. VSGX

Last updated Jun 27, 2026

IQSZ (Invesco Global Equity Net Zero ETF) and VSGX (Vanguard ESG International Stock ETF) are both exchange-traded funds - IQSZ is a ESG fund actively managed by Invesco, while VSGX is a Foreign Large Cap Equities fund tracking the FTSE Global All Cap ex US Choice Index. IQSZ is actively managed, while VSGX is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. IQSZ charges 0.19%/yr vs 0.10%/yr for VSGX.

Performance

IQSZ vs. VSGX - 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 International Stock ETF (VSGX). 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 lower than VSGX's 14.99% return.

IQSZ

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

VSGX

• 1D: -0.73%
• 1M: -0.03%
• YTD: 14.99%
• 6M: 14.10%
• 1Y: 29.03%
• 3Y*: 19.20%
• 5Y*: 7.78%
• 10Y*: —

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

IQSZ vs. VSGX - Yearly Performance Comparison

	2026 (YTD)	2025
IQSZ Invesco Global Equity Net Zero ETF	12.10%	13.36%
VSGX Vanguard ESG International Stock ETF	14.99%	12.22%

Correlation

The correlation between IQSZ and VSGX is 0.90, 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	0.90

Return for Risk

IQSZ vs. VSGX — 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.

VSGX

VSGX Risk / Return Rank: 54
VSGX Sharpe Ratio Rank: 55
VSGX Sortino Ratio Rank: 53
VSGX Omega Ratio Rank: 56
VSGX Calmar Ratio Rank: 52
VSGX Martin Ratio Rank: 56

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. VSGX - 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 International Stock ETF (VSGX). 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	VSGX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.66	—
Sortino ratio: Return per unit of downside risk	—	2.29	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.27	—
Martin ratio: Return relative to average drawdown	—	8.68	—

Drawdowns

IQSZ vs. VSGX - Drawdown Comparison

The maximum IQSZ drawdown since its inception was -9.12%, smaller than the maximum VSGX drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for IQSZ and VSGX.

Drawdown Indicators

	IQSZ	VSGX	Difference
Max Drawdown Largest peak-to-trough decline	-9.12%	-33.09%	+23.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.84%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.83%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.14%	—
Current Drawdown Current decline from peak	-2.45%	-2.96%	+0.51%
Average Drawdown Average peak-to-trough decline	-1.24%	-7.73%	+6.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.35%	—

Volatility

Volatility by Period

	IQSZ	VSGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	17.61%	-3.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.19%	16.59%	-2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.19%	18.16%	-3.97%

IQSZ vs. VSGX - Expense Ratio Comparison

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

IQSZ's dividend yield for the trailing twelve months is around 1.80%, less than VSGX's 2.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IQSZ Invesco Global Equity Net Zero ETF	1.80%	1.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VSGX Vanguard ESG International Stock ETF	2.95%	3.23%	3.10%	2.77%	2.61%	2.49%	1.67%	2.28%	0.38%

Frequently Asked Questions

Can I hold both IQSZ and VSGX in my portfolio?

IQSZ and VSGX have a correlation of 0.90, 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 VSGX?

On fees, VSGX 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 VSGX?

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

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

VSGX has the higher dividend yield at 2.95%, compared with 1.80% for IQSZ.

What is the main difference between IQSZ and VSGX?

IQSZ is categorized as ESG, while VSGX is Foreign Large Cap Equities. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.19% for IQSZ and 0.10% for VSGX.