SMLK.DE vs. IQSA.DE
SMLK.DE (Invesco S&P SmallCap 600 UCITS ETF A) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - SMLK.DE is a Small Cap Blend Equities fund tracking the S&P SmallCap 600, while IQSA.DE is a Global Equities fund actively managed by Invesco. SMLK.DE is passively managed, while IQSA.DE is actively managed. Over the past 5 years, SMLK.DE returned 6.92%/yr vs 15.45%/yr for IQSA.DE. A 0.76 correlation means they provide meaningful diversification when combined. SMLK.DE charges 0.14%/yr vs 0.30%/yr for IQSA.DE.
Performance
SMLK.DE vs. IQSA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SMLK.DE achieves a 15.73% return, which is significantly higher than IQSA.DE's 14.81% return.
SMLK.DE
- 1D
- 0.95%
- 1M
- 2.49%
- YTD
- 15.73%
- 6M
- 16.04%
- 1Y
- 31.03%
- 3Y*
- 12.46%
- 5Y*
- 6.92%
- 10Y*
- —
IQSA.DE
- 1D
- -0.11%
- 1M
- 6.18%
- YTD
- 14.81%
- 6M
- 16.74%
- 1Y
- 28.62%
- 3Y*
- 22.03%
- 5Y*
- 15.45%
- 10Y*
- —
SMLK.DE vs. IQSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMLK.DE Invesco S&P SmallCap 600 UCITS ETF A | 15.73% | -4.02% | 13.30% | 13.97% | -11.83% | 10.98% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.81% | 9.64% | 29.92% | 20.24% | -9.32% | 17.24% |
Correlation
The correlation between SMLK.DE and IQSA.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.76 |
The correlation between SMLK.DE and IQSA.DE has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
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Return for Risk
SMLK.DE vs. IQSA.DE — Risk / Return Rank
SMLK.DE
IQSA.DE
SMLK.DE vs. IQSA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 UCITS ETF A (SMLK.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.
| SMLK.DE | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.43 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.02 | 4.60 | +0.43 |
| Martin ratioReturn relative to average drawdown | 14.18 | 18.23 | -4.05 |
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
| SMLK.DE | IQSA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.34 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 1.04 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.94 | -0.60 |
Drawdowns
SMLK.DE vs. IQSA.DE - Drawdown Comparison
The maximum SMLK.DE drawdown since its inception was -32.69%, roughly equal to the maximum IQSA.DE drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for SMLK.DE and IQSA.DE.
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Drawdown Indicators
| SMLK.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.69% | -34.11% | +1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -6.20% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -32.69% | -21.35% | -11.34% |
Max Drawdown (5Y)Largest decline over 5 years | -32.69% | -21.35% | -11.34% |
Current DrawdownCurrent decline from peak | 0.00% | -0.33% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -8.96% | -4.38% | -4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.57% | +0.61% |
Volatility
SMLK.DE vs. IQSA.DE - Volatility Comparison
Invesco S&P SmallCap 600 UCITS ETF A (SMLK.DE) has a higher volatility of 4.06% compared to Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) at 3.32%. This indicates that SMLK.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
| SMLK.DE | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 3.32% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 8.85% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 12.17% | +4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.01% | 14.71% | +5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 16.74% | +3.24% |
SMLK.DE vs. IQSA.DE - Expense Ratio Comparison
SMLK.DE has a 0.14% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
SMLK.DE vs. IQSA.DE - Dividend Comparison
Neither SMLK.DE nor IQSA.DE has paid dividends to shareholders.
Frequently Asked Questions
SMLK.DE and IQSA.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMLK.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLK.DE is cheaper with a 0.14% expense ratio, compared with 0.30% for IQSA.DE.
SMLK.DE is categorized as Small Cap Blend Equities, while IQSA.DE is Global Equities. Their fees differ too: 0.14% for SMLK.DE and 0.30% for IQSA.DE.
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