IUQA.L vs. G500.L
IUQA.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating) and G500.L (Invesco S&P 500 UCITS ETF GBP Hedged (Acc)) are both exchange-traded funds - IUQA.L is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index, while G500.L is a US Equities fund tracking the S&P 500 GBP Daily Hedged Index. Both are passively managed. Over the past 5 years, IUQA.L returned 11.21%/yr vs 11.39%/yr for G500.L. Their correlation of 0.86 suggests significant overlap in exposure. IUQA.L charges 0.20%/yr vs 0.05%/yr for G500.L.
Performance
IUQA.L vs. G500.L - Performance Comparison
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Different Trading Currencies
IUQA.L is traded in USD, while G500.L is traded in GBp. To make them comparable, the G500.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUQA.L achieves a 9.47% return, which is significantly higher than G500.L's 8.57% return.
IUQA.L
- 1D
- -1.29%
- 1M
- 0.11%
- 6M
- 7.42%
- YTD
- 9.47%
- 1Y
- 19.35%
- 3Y*
- 17.47%
- 5Y*
- 11.21%
- 10Y*
- —
G500.L
- 1D
- -1.46%
- 1M
- 0.57%
- 6M
- 8.27%
- YTD
- 8.57%
- 1Y
- 19.70%
- 3Y*
- 20.22%
- 5Y*
- 11.39%
- 10Y*
- —
IUQA.L vs. G500.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IUQA.L iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating | 9.47% | 12.46% | 22.48% | 30.95% | -20.74% | 27.56% | 23.30% |
G500.L Invesco S&P 500 UCITS ETF GBP Hedged (Acc) | 8.57% | 26.32% | 22.89% | 31.47% | -28.53% | 27.78% | 32.88% |
Correlation
The correlation between IUQA.L and G500.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.86 |
The correlation between IUQA.L and G500.L has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
IUQA.L vs. G500.L — Risk / Return Rank
IUQA.L
G500.L
IUQA.L vs. G500.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) and Invesco S&P 500 UCITS ETF GBP Hedged (Acc) (G500.L). 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.
| IUQA.L | G500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.23 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 1.56 | +0.86 |
| Martin ratioReturn relative to average drawdown | 10.28 | 5.87 | +4.40 |
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Drawdowns
IUQA.L vs. G500.L - Drawdown Comparison
The maximum IUQA.L drawdown since its inception was -33.96%, smaller than the maximum G500.L drawdown of -39.54%. Use the drawdown chart below to compare losses from any high point for IUQA.L and G500.L.
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Drawdown Indicators
| IUQA.L | G500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.96% | -39.54% | +5.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -12.56% | +4.60% |
Max Drawdown (3Y)Largest decline over 3 years | -18.03% | -17.75% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -27.77% | -39.54% | +11.77% |
Current DrawdownCurrent decline from peak | -1.29% | -1.93% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -8.08% | +2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 3.35% | -1.47% |
Volatility
IUQA.L vs. G500.L - Volatility Comparison
The current volatility for iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) is 3.28%, while Invesco S&P 500 UCITS ETF GBP Hedged (Acc) (G500.L) has a volatility of 3.77%. This indicates that IUQA.L experiences smaller price fluctuations and is considered to be less risky than G500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUQA.L | G500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.77% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 11.77% | -2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.59% | 15.07% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 20.38% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.74% | 20.09% | +10.65% |
IUQA.L vs. G500.L - Expense Ratio Comparison
IUQA.L has a 0.20% expense ratio, which is higher than G500.L's 0.05% 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
IUQA.L vs. G500.L - Dividend Comparison
Neither IUQA.L nor G500.L has paid dividends to shareholders.
Frequently Asked Questions
IUQA.L and G500.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, G500.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G500.L is cheaper with a 0.05% expense ratio, compared with 0.20% for IUQA.L.
IUQA.L is categorized as Large Cap Blend Equities, while G500.L is US Equities. IUQA.L tracks MSCI USA Sector Neutral Quality Index, while G500.L tracks S&P 500 GBP Daily Hedged Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for IUQA.L and 0.05% for G500.L.
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