IQSZ vs. YLDE

Last updated Jul 17, 2026

IQSZ (Invesco Global Equity Net Zero ETF) and YLDE (ClearBridge Dividend Strategy ESG ETF) are both exchange-traded funds - IQSZ is a ESG fund actively managed by Invesco, while YLDE is a Dividend fund actively managed by Franklin Templeton. Both are actively managed. Over the past year, IQSZ returned 28.75% vs 17.85% for YLDE. A 0.56 correlation means they provide meaningful diversification when combined. IQSZ charges 0.19%/yr vs 0.60%/yr for YLDE.

Performance

IQSZ vs. YLDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Equity Net Zero ETF (IQSZ) and ClearBridge Dividend Strategy ESG ETF (YLDE). 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 YLDE's 9.34% return.

IQSZ

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

YLDE

• 1D: 0.98%
• 1M: 3.06%
• 6M: 7.57%
• YTD: 9.34%
• 1Y: 17.85%
• 3Y*: 14.89%
• 5Y*: 10.50%
• 10Y*: —

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

IQSZ vs. YLDE - Yearly Performance Comparison

	2026 (YTD)	2025
IQSZ Invesco Global Equity Net Zero ETF	13.58%	13.36%
YLDE ClearBridge Dividend Strategy ESG ETF	9.34%	8.38%

Correlation

The correlation between IQSZ and YLDE is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.56

The correlation between IQSZ and YLDE has been stable across timeframes, ranging from 0.56 to 0.57 - a consistent structural relationship.

Return for Risk

IQSZ vs. YLDE — 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

YLDE

YLDE Risk / Return Rank: 69
YLDE Sharpe Ratio Rank: 76
YLDE Sortino Ratio Rank: 76
YLDE Omega Ratio Rank: 74
YLDE Calmar Ratio Rank: 59
YLDE Martin Ratio Rank: 62

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. YLDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Equity Net Zero ETF (IQSZ) and ClearBridge Dividend Strategy ESG ETF (YLDE). 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	YLDE	Difference
Sharpe ratio: Return per unit of total volatility	2.05	1.92	+0.13
Sortino ratio: Return per unit of downside risk	2.82	2.73	+0.08
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	3.17	2.36	+0.80
Martin ratio: Return relative to average drawdown	13.42	8.64	+4.78

IQSZ vs. YLDE - Sharpe Ratio Comparison

The current IQSZ Sharpe Ratio is 2.05, which is comparable to the YLDE Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of IQSZ and YLDE, 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. YLDE - Drawdown Comparison

The maximum IQSZ drawdown since its inception was -9.12%, smaller than the maximum YLDE drawdown of -33.23%. Use the drawdown chart below to compare losses from any high point for IQSZ and YLDE.

Drawdown Indicators

	IQSZ	YLDE	Difference
Max Drawdown Largest peak-to-trough decline	-9.12%	-33.23%	+24.11%
Max Drawdown (1Y) Largest decline over 1 year	-9.12%	-7.59%	-1.53%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.22%	—
Current Drawdown Current decline from peak	-1.16%	0.00%	-1.16%
Average Drawdown Average peak-to-trough decline	-1.24%	-3.52%	+2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.07%	+0.08%

Volatility

IQSZ vs. YLDE - Volatility Comparison

Invesco Global Equity Net Zero ETF (IQSZ) has a higher volatility of 3.76% compared to ClearBridge Dividend Strategy ESG ETF (YLDE) at 2.80%. This indicates that IQSZ's price experiences larger fluctuations and is considered to be riskier than YLDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IQSZ	YLDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	2.80%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	11.82%	6.96%	+4.86%
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	9.33%	+4.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.07%	13.51%	+0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.07%	15.69%	-1.62%

IQSZ vs. YLDE - Expense Ratio Comparison

IQSZ has a 0.19% expense ratio, which is lower than YLDE's 0.60% expense ratio.

Dividends

IQSZ vs. YLDE - Dividend Comparison

IQSZ's dividend yield for the trailing twelve months is around 1.77%, less than YLDE's 6.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IQSZ Invesco Global Equity Net Zero ETF	1.77%	1.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YLDE ClearBridge Dividend Strategy ESG ETF	6.39%	5.68%	1.69%	1.64%	1.68%	1.15%	1.46%	1.65%	2.25%	1.31%

Frequently Asked Questions

Can I hold both IQSZ and YLDE in my portfolio?

IQSZ and YLDE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IQSZ or YLDE?

IQSZ has higher volatility (3.76%) compared to YLDE (2.80%). In terms of maximum drawdown, IQSZ dropped -9.12% vs YLDE's -33.23%.

Which ETF is better, IQSZ or YLDE?

On 1-year performance, IQSZ leads with 28.75% vs 17.85% for YLDE. On fees, IQSZ is cheaper at 0.19% per year. On volatility, YLDE has been the lower-risk option at 2.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IQSZ or YLDE?

Over the 1-year period, IQSZ has performed better with a 28.75% return vs 17.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQSZ or YLDE?

IQSZ is cheaper with a 0.19% expense ratio, compared with 0.60% for YLDE.

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

YLDE has the higher dividend yield at 6.39%, compared with 1.77% for IQSZ.

What is the main difference between IQSZ and YLDE?

IQSZ is categorized as ESG, while YLDE is Dividend. They also come from different issuers: Invesco and Franklin Templeton. Their fees differ too: 0.19% for IQSZ and 0.60% for YLDE.

Which has better risk-adjusted returns?

IQSZ currently has the higher Sharpe Ratio (2.05 vs 1.92), 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.