PSFE.DE vs. IQSA.DE
PSFE.DE (Invesco Euro Corporate Bond UCITS ETF Dist) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - PSFE.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond, while IQSA.DE is a Global Equities fund actively managed by Invesco. PSFE.DE is passively managed, while IQSA.DE is actively managed. Over the past 5 years, PSFE.DE returned 0.02%/yr vs 15.45%/yr for IQSA.DE. At a 0.26 correlation, their price movements are largely independent. PSFE.DE charges 0.10%/yr vs 0.30%/yr for IQSA.DE.
Performance
PSFE.DE vs. IQSA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PSFE.DE achieves a 0.57% return, which is significantly lower than IQSA.DE's 14.81% return.
PSFE.DE
- 1D
- 0.11%
- 1M
- 0.29%
- YTD
- 0.57%
- 6M
- 0.52%
- 1Y
- 2.18%
- 3Y*
- 4.54%
- 5Y*
- 0.02%
- 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*
- —
PSFE.DE vs. IQSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PSFE.DE Invesco Euro Corporate Bond UCITS ETF Dist | 0.57% | 3.04% | 4.16% | 7.18% | -13.28% | -0.82% | 2.40% | -0.38% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.81% | 9.64% | 29.92% | 20.24% | -9.32% | 35.68% | 0.13% | 13.13% |
Correlation
The correlation between PSFE.DE and IQSA.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2019 | 0.26 |
The correlation between PSFE.DE and IQSA.DE shifts across timeframes, from 0.26 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PSFE.DE vs. IQSA.DE — Risk / Return Rank
PSFE.DE
IQSA.DE
PSFE.DE vs. IQSA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Corporate Bond UCITS ETF Dist (PSFE.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.
| PSFE.DE | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.43 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 4.60 | -3.92 |
| Martin ratioReturn relative to average drawdown | 2.30 | 18.23 | -15.93 |
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
| PSFE.DE | IQSA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.34 | -1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 1.04 | -1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.94 | -0.79 |
Drawdowns
PSFE.DE vs. IQSA.DE - Drawdown Comparison
The maximum PSFE.DE drawdown since its inception was -17.18%, smaller than the maximum IQSA.DE drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for PSFE.DE and IQSA.DE.
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Drawdown Indicators
| PSFE.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.18% | -34.11% | +16.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -6.20% | +3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -21.35% | +18.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.18% | -21.35% | +4.17% |
Current DrawdownCurrent decline from peak | -1.40% | -0.33% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -4.38% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.57% | -0.77% |
Volatility
PSFE.DE vs. IQSA.DE - Volatility Comparison
The current volatility for Invesco Euro Corporate Bond UCITS ETF Dist (PSFE.DE) is 1.19%, while Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a volatility of 3.32%. This indicates that PSFE.DE experiences smaller price fluctuations and is considered to be less risky 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
| PSFE.DE | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 3.32% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 8.85% | -6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 12.17% | -9.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 14.71% | -10.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 16.74% | -12.09% |
PSFE.DE vs. IQSA.DE - Expense Ratio Comparison
PSFE.DE has a 0.10% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
PSFE.DE vs. IQSA.DE - Dividend Comparison
PSFE.DE's dividend yield for the trailing twelve months is around 3.29%, while IQSA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSFE.DE Invesco Euro Corporate Bond UCITS ETF Dist | 3.29% | 3.32% | 3.50% | 2.97% | 1.00% | 0.54% | 0.77% | 0.71% | 0.58% |
Frequently Asked Questions
PSFE.DE and IQSA.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSFE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSFE.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for IQSA.DE.
PSFE.DE is categorized as European Corporate Bonds, while IQSA.DE is Global Equities. Their fees differ too: 0.10% for PSFE.DE and 0.30% for IQSA.DE.
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