PUIG.L vs. IGDA.L

Last updated Jun 5, 2026

PUIG.L (Invesco USD Corporate Bond UCITS ETF Dist) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both exchange-traded funds - PUIG.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, PUIG.L returned 5.14%/yr vs 21.23%/yr for IGDA.L. At a 0.23 correlation, their price movements are largely independent. PUIG.L charges 0.10%/yr vs 0.40%/yr for IGDA.L.

Performance

PUIG.L vs. IGDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco USD Corporate Bond UCITS ETF Dist (PUIG.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PUIG.L achieves a 0.25% return, which is significantly lower than IGDA.L's 15.04% return.

PUIG.L

• 1D: 0.27%
• 1M: 0.46%
• YTD: 0.25%
• 6M: 0.43%
• 1Y: 5.17%
• 3Y*: 5.14%
• 5Y*: 0.61%
• 10Y*: —

IGDA.L

• 1D: -0.48%
• 1M: 6.32%
• YTD: 15.04%
• 6M: 15.93%
• 1Y: 34.82%
• 3Y*: 21.23%
• 5Y*: —
• 10Y*: —

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

PUIG.L vs. IGDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PUIG.L Invesco USD Corporate Bond UCITS ETF Dist	0.25%	7.78%	2.32%	8.00%	-12.26%
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	15.04%	18.74%	17.94%	29.72%	-14.30%

Correlation

The correlation between PUIG.L and IGDA.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.23

The correlation between PUIG.L and IGDA.L shifts across timeframes, from 0.23 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PUIG.L vs. IGDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PUIG.L

PUIG.L Risk / Return Rank: 41
PUIG.L Sharpe Ratio Rank: 38
PUIG.L Sortino Ratio Rank: 39
PUIG.L Omega Ratio Rank: 36
PUIG.L Calmar Ratio Rank: 51
PUIG.L Martin Ratio Rank: 42

IGDA.L

IGDA.L Risk / Return Rank: 76
IGDA.L Sharpe Ratio Rank: 77
IGDA.L Sortino Ratio Rank: 79
IGDA.L Omega Ratio Rank: 74
IGDA.L Calmar Ratio Rank: 73
IGDA.L Martin Ratio Rank: 79

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.

PUIG.L vs. IGDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco USD Corporate Bond UCITS ETF Dist (PUIG.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.

	PUIG.L	IGDA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.32	2.47	-1.15
Sortino ratio: Return per unit of downside risk	1.97	3.51	-1.54
Omega ratio: Gain probability vs. loss probability	1.23	1.44	-0.20
Calmar ratio: Return relative to maximum drawdown	2.45	3.57	-1.12
Martin ratio: Return relative to average drawdown	6.61	15.24	-8.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PUIG.L vs. IGDA.L - Sharpe Ratio Comparison

The current PUIG.L Sharpe Ratio is 1.32, which is lower than the IGDA.L Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of PUIG.L and IGDA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PUIG.L	IGDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	2.47	-1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.85	-0.39

Drawdowns

PUIG.L vs. IGDA.L - Drawdown Comparison

The maximum PUIG.L drawdown since its inception was -21.72%, smaller than the maximum IGDA.L drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for PUIG.L and IGDA.L.

Drawdown Indicators

	PUIG.L	IGDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.72%	-24.18%	+2.46%
Max Drawdown (1Y) Largest decline over 1 year	-2.85%	-9.71%	+6.86%
Max Drawdown (3Y) Largest decline over 3 years	-5.50%	-20.12%	+14.62%
Max Drawdown (5Y) Largest decline over 5 years	-21.72%	—	—
Current Drawdown Current decline from peak	-0.90%	-1.17%	+0.27%
Average Drawdown Average peak-to-trough decline	-6.86%	-5.19%	-1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	2.28%	-1.23%

Volatility

PUIG.L vs. IGDA.L - Volatility Comparison

The current volatility for Invesco USD Corporate Bond UCITS ETF Dist (PUIG.L) is 1.73%, while Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a volatility of 4.65%. This indicates that PUIG.L experiences smaller price fluctuations and is considered to be less risky than IGDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PUIG.L	IGDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.73%	4.65%	-2.92%
Volatility (6M) Calculated over the trailing 6-month period	3.67%	10.78%	-7.11%
Volatility (1Y) Calculated over the trailing 1-year period	5.31%	14.04%	-8.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.78%	18.64%	-9.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.95%	18.64%	-7.69%

PUIG.L vs. IGDA.L - Expense Ratio Comparison

PUIG.L has a 0.10% expense ratio, which is lower than IGDA.L's 0.40% expense ratio.

Dividends

PUIG.L vs. IGDA.L - Dividend Comparison

PUIG.L's dividend yield for the trailing twelve months is around 4.92%, while IGDA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PUIG.L Invesco USD Corporate Bond UCITS ETF Dist	4.92%	4.83%	4.76%	4.03%	2.94%	2.33%	2.81%	3.15%	3.32%

Frequently Asked Questions

Can I hold both PUIG.L and IGDA.L in my portfolio?

PUIG.L and IGDA.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PUIG.L or IGDA.L?

On fees, PUIG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PUIG.L or IGDA.L?

PUIG.L is cheaper with a 0.10% expense ratio, compared with 0.40% for IGDA.L.

What is the main difference between PUIG.L and IGDA.L?

PUIG.L is categorized as Corporate Bonds, while IGDA.L is Global Equities. PUIG.L tracks Bloomberg US Corp Bond TR USD, while IGDA.L tracks Dow Jones Islamic Market Developed Markets Index. Their fees differ too: 0.10% for PUIG.L and 0.40% for IGDA.L.