IQSZ vs. XVV

Last updated Jul 17, 2026

IQSZ (Invesco Global Equity Net Zero ETF) and XVV (iShares ESG Screened S&P 500 ETF) are both exchange-traded funds - IQSZ is a ESG fund actively managed by Invesco, while XVV is a S&P 500 fund tracking the S&P 500 Sustainablility Screened Index. IQSZ is actively managed, while XVV is passively managed. Over the past year, IQSZ returned 28.75% vs 20.92% for XVV. Their correlation of 0.92 suggests significant overlap in exposure. IQSZ charges 0.19%/yr vs 0.08%/yr for XVV.

Performance

IQSZ vs. XVV - Performance Comparison

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

Returns By Period

In the year-to-date period, IQSZ achieves a 13.58% return, which is significantly higher than XVV's 9.66% return.

IQSZ

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

XVV

• 1D: -0.46%
• 1M: 0.87%
• 6M: 8.76%
• YTD: 9.66%
• 1Y: 20.92%
• 3Y*: 20.00%
• 5Y*: 12.92%
• 10Y*: —

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

IQSZ vs. XVV - Yearly Performance Comparison

	2026 (YTD)	2025
IQSZ Invesco Global Equity Net Zero ETF	13.58%	13.36%
XVV iShares ESG Screened S&P 500 ETF	9.66%	10.42%

Correlation

The correlation between IQSZ and XVV is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.92

The correlation between IQSZ and XVV has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

Return for Risk

IQSZ vs. XVV — 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

XVV

XVV Risk / Return Rank: 56
XVV Sharpe Ratio Rank: 59
XVV Sortino Ratio Rank: 56
XVV Omega Ratio Rank: 57
XVV Calmar Ratio Rank: 48
XVV Martin Ratio Rank: 60

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. XVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Equity Net Zero ETF (IQSZ) and iShares ESG Screened S&P 500 ETF (XVV). 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	XVV	Difference
Sharpe ratio: Return per unit of total volatility	2.05	1.58	+0.47
Sortino ratio: Return per unit of downside risk	2.82	2.19	+0.62
Omega ratio: Gain probability vs. loss probability	1.36	1.29	+0.08
Calmar ratio: Return relative to maximum drawdown	3.17	1.98	+1.18
Martin ratio: Return relative to average drawdown	13.42	8.34	+5.08

IQSZ vs. XVV - Sharpe Ratio Comparison

The current IQSZ Sharpe Ratio is 2.05, which is comparable to the XVV Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of IQSZ and XVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IQSZ vs. XVV - Drawdown Comparison

The maximum IQSZ drawdown since its inception was -9.12%, smaller than the maximum XVV drawdown of -27.20%. Use the drawdown chart below to compare losses from any high point for IQSZ and XVV.

Drawdown Indicators

	IQSZ	XVV	Difference
Max Drawdown Largest peak-to-trough decline	-9.12%	-27.20%	+18.08%
Max Drawdown (1Y) Largest decline over 1 year	-9.12%	-10.59%	+1.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.20%	—
Current Drawdown Current decline from peak	-1.16%	-0.60%	-0.56%
Average Drawdown Average peak-to-trough decline	-1.24%	-5.80%	+4.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.52%	-0.37%

Volatility

IQSZ vs. XVV - Volatility Comparison

Invesco Global Equity Net Zero ETF (IQSZ) and iShares ESG Screened S&P 500 ETF (XVV) have volatilities of 3.76% and 3.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQSZ	XVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	3.60%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	11.82%	10.64%	+1.18%
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	13.30%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.07%	17.72%	-3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.07%	17.31%	-3.24%

IQSZ vs. XVV - Expense Ratio Comparison

IQSZ has a 0.19% expense ratio, which is higher than XVV's 0.08% 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. XVV - Dividend Comparison

IQSZ's dividend yield for the trailing twelve months is around 1.77%, more than XVV's 0.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
IQSZ Invesco Global Equity Net Zero ETF	1.77%	1.03%	0.00%	0.00%	0.00%	0.00%	0.00%
XVV iShares ESG Screened S&P 500 ETF	0.92%	0.94%	1.05%	1.25%	1.57%	0.81%	0.31%

Frequently Asked Questions

Can I hold both IQSZ and XVV in my portfolio?

With a correlation of 0.92, IQSZ and XVV 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 is riskier, IQSZ or XVV?

IQSZ has higher volatility (3.76%) compared to XVV (3.60%). In terms of maximum drawdown, IQSZ dropped -9.12% vs XVV's -27.20%.

Which ETF is better, IQSZ or XVV?

On 1-year performance, IQSZ leads with 28.75% vs 20.92% for XVV. On fees, XVV is cheaper at 0.08% per year. On volatility, XVV has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQSZ or XVV?

Over the 1-year period, IQSZ has performed better with a 28.75% return vs 20.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQSZ or XVV?

XVV is cheaper with a 0.08% expense ratio, compared with 0.19% for IQSZ.

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

IQSZ has the higher dividend yield at 1.77%, compared with 0.92% for XVV.

What is the main difference between IQSZ and XVV?

IQSZ is categorized as ESG, while XVV is S&P 500. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for IQSZ and 0.08% for XVV.

Which has better risk-adjusted returns?

IQSZ currently has the higher Sharpe Ratio (2.05 vs 1.58), 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.