PQVG.L vs. IESU.L
PQVG.L (Invesco S&P 500 QVM UCITS ETF) and IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - PQVG.L is a S&P 500 fund tracking the S&P 500 Quality, Value, and Momentum Multi-Factor Index (Net Total Return), while IESU.L is a Energy Equities fund tracking the S&P 500 Capped 35/20 Energy Index NTR. Both are passively managed. Over the past 5 years, PQVG.L returned 14.80%/yr vs 22.82%/yr for IESU.L. A 0.53 correlation means they provide meaningful diversification when combined. PQVG.L charges 0.35%/yr vs 0.15%/yr for IESU.L.
Performance
PQVG.L vs. IESU.L - Performance Comparison
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Returns By Period
In the year-to-date period, PQVG.L achieves a 14.02% return, which is significantly lower than IESU.L's 28.61% return.
PQVG.L
- 1D
- -0.06%
- 1M
- -5.28%
- 6M
- 10.96%
- YTD
- 14.02%
- 1Y
- 20.06%
- 3Y*
- 20.21%
- 5Y*
- 14.80%
- 10Y*
- —
IESU.L
- 1D
- 1.07%
- 1M
- 4.80%
- 6M
- 20.56%
- YTD
- 28.61%
- 1Y
- 35.99%
- 3Y*
- 13.44%
- 5Y*
- 22.82%
- 10Y*
- 8.50%
PQVG.L vs. IESU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PQVG.L Invesco S&P 500 QVM UCITS ETF | 14.02% | 5.84% | 32.29% | 0.98% | 12.54% | 27.78% | 4.44% | 21.16% | -1.98% | -10.66% |
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 28.61% | 2.26% | 5.45% | -5.96% | 83.53% | 53.82% | -35.62% | 5.37% | -13.39% | 4.80% |
Correlation
The correlation between PQVG.L and IESU.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 18, 2017 | 0.53 |
Over the past year, the correlation between PQVG.L and IESU.L has dropped to 0.06 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
PQVG.L vs. IESU.L — Risk / Return Rank
PQVG.L
IESU.L
PQVG.L vs. IESU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 QVM UCITS ETF (PQVG.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.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.
| PQVG.L | IESU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.07 | +0.61 |
| Martin ratioReturn relative to average drawdown | 11.09 | 5.01 | +6.08 |
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Drawdowns
PQVG.L vs. IESU.L - Drawdown Comparison
The maximum PQVG.L drawdown since its inception was -25.88%, smaller than the maximum IESU.L drawdown of -63.88%. Use the drawdown chart below to compare losses from any high point for PQVG.L and IESU.L.
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Drawdown Indicators
| PQVG.L | IESU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.88% | -63.88% | +38.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.46% | -17.34% | +9.88% |
Max Drawdown (3Y)Largest decline over 3 years | -17.44% | -26.36% | +8.92% |
Max Drawdown (5Y)Largest decline over 5 years | -17.44% | -26.36% | +8.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.16% | — |
Current DrawdownCurrent decline from peak | -7.46% | -10.65% | +3.19% |
Average DrawdownAverage peak-to-trough decline | -5.78% | -20.50% | +14.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 7.16% | -5.36% |
Volatility
PQVG.L vs. IESU.L - Volatility Comparison
Invesco S&P 500 QVM UCITS ETF (PQVG.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) have volatilities of 7.45% and 7.50%, 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.
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Volatility by Period
| PQVG.L | IESU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 7.50% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 21.74% | -10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.76% | 24.54% | -11.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 29.08% | -13.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 29.16% | -11.17% |
PQVG.L vs. IESU.L - Expense Ratio Comparison
PQVG.L has a 0.35% expense ratio, which is higher than IESU.L's 0.15% expense ratio.
Dividends
PQVG.L vs. IESU.L - Dividend Comparison
PQVG.L's dividend yield for the trailing twelve months is around 0.83%, while IESU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PQVG.L Invesco S&P 500 QVM UCITS ETF | 0.83% | 0.83% | 0.82% | 1.61% | 1.77% | 0.88% | 1.59% | 1.41% | 1.30% | 0.72% |
Frequently Asked Questions
PQVG.L and IESU.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESU.L is cheaper with a 0.15% expense ratio, compared with 0.35% for PQVG.L.
PQVG.L is categorized as S&P 500, while IESU.L is Energy Equities. PQVG.L tracks S&P 500 Quality, Value, and Momentum Multi-Factor Index (Net Total Return), while IESU.L tracks S&P 500 Capped 35/20 Energy Index NTR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.35% for PQVG.L and 0.15% for IESU.L.
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