N1ES.DE vs. IQSA.DE
N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG, while IQSA.DE is a Global Equities fund actively managed by Invesco. N1ES.DE is passively managed, while IQSA.DE is actively managed. Over the past 3 years, N1ES.DE returned 25.46%/yr vs 22.03%/yr for IQSA.DE. Their correlation of 0.82 suggests significant overlap in exposure. N1ES.DE charges 0.25%/yr vs 0.30%/yr for IQSA.DE.
Performance
N1ES.DE vs. IQSA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, N1ES.DE achieves a 21.31% return, which is significantly higher than IQSA.DE's 14.81% return.
N1ES.DE
- 1D
- -0.74%
- 1M
- 8.84%
- YTD
- 21.31%
- 6M
- 19.74%
- 1Y
- 39.34%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
IQSA.DE
- 1D
- -0.11%
- 1M
- 4.49%
- YTD
- 14.81%
- 6M
- 16.12%
- 1Y
- 28.39%
- 3Y*
- 22.03%
- 5Y*
- 15.45%
- 10Y*
- —
N1ES.DE vs. IQSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 21.31% | 8.26% | 33.55% | 51.62% | -29.13% | 9.35% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.81% | 9.64% | 29.92% | 20.24% | -9.32% | 7.49% |
Correlation
The correlation between N1ES.DE and IQSA.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.82 |
The correlation between N1ES.DE and IQSA.DE has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
N1ES.DE vs. IQSA.DE — Risk / Return Rank
N1ES.DE
IQSA.DE
N1ES.DE vs. IQSA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE). 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.
| N1ES.DE | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 4.60 | -0.91 |
| Martin ratioReturn relative to average drawdown | 10.62 | 18.23 | -7.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| N1ES.DE | IQSA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.34 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.94 | -0.13 |
Drawdowns
N1ES.DE vs. IQSA.DE - Drawdown Comparison
The maximum N1ES.DE drawdown since its inception was -29.96%, smaller than the maximum IQSA.DE drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for N1ES.DE and IQSA.DE.
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Drawdown Indicators
| N1ES.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -34.11% | +4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -6.20% | -4.66% |
Max Drawdown (3Y)Largest decline over 3 years | -26.65% | -21.35% | -5.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.35% | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.33% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -4.38% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 1.57% | +2.21% |
Volatility
N1ES.DE vs. IQSA.DE - Volatility Comparison
Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a higher volatility of 4.64% compared to Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) at 3.32%. This indicates that N1ES.DE's price experiences larger fluctuations and is considered to be riskier than IQSA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| N1ES.DE | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 3.32% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 8.85% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 12.17% | +4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.73% | 14.71% | +6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 16.74% | +3.99% |
N1ES.DE vs. IQSA.DE - Expense Ratio Comparison
N1ES.DE has a 0.25% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
N1ES.DE vs. IQSA.DE - Dividend Comparison
Neither N1ES.DE nor IQSA.DE has paid dividends to shareholders.
Frequently Asked Questions
N1ES.DE and IQSA.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, N1ES.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
N1ES.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for IQSA.DE.
N1ES.DE is categorized as Nasdaq-100, while IQSA.DE is Global Equities. Their fees differ too: 0.25% for N1ES.DE and 0.30% for IQSA.DE.
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