SUAS.L vs. IQSS.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI USA SRI UCITS ETF USD (Acc) (SUAS.L) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L).

SUAS.L and IQSS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SUAS.L is a passively managed fund by iShares that tracks the performance of the MSCI USA SRI Select Reduced Fossil Fuel Index. It was launched on Aug 21, 2025. IQSS.L is an actively managed fund by Invesco. It was launched on Sep 7, 2022.

Performance

SUAS.L vs. IQSS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA SRI UCITS ETF USD (Acc) (SUAS.L) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L). The values are adjusted to include any dividend payments, if applicable.

SUAS.L vs. IQSS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SUAS.L iShares MSCI USA SRI UCITS ETF USD (Acc)	-2.42%	10.95%	5.60%
IQSS.L Invesco Global Active ESG Equity UCITS ETF USD Acc	0.26%	22.92%	3.83%

Different Trading Currencies

SUAS.L is traded in USD, while IQSS.L is traded in GBp. To make them comparable, the IQSS.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SUAS.L achieves a -2.42% return, which is significantly lower than IQSS.L's 0.26% return.

SUAS.L

• 1D: 2.72%
• 1M: -4.23%
• YTD: -2.42%
• 6M: -1.10%
• 1Y: 14.85%
• 3Y*: 12.88%
• 5Y*: 8.96%
• 10Y*: —

IQSS.L

• 1D: 3.22%
• 1M: -3.60%
• YTD: 0.26%
• 6M: 5.34%
• 1Y: 24.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SUAS.L vs. IQSS.L - Expense Ratio Comparison

SUAS.L has a 0.20% expense ratio, which is lower than IQSS.L's 0.60% expense ratio.

IQSS.L

Invesco Global Active ESG Equity UCITS ETF USD Acc

SUAS.L

iShares MSCI USA SRI UCITS ETF USD (Acc)

Return for Risk

SUAS.L vs. IQSS.L — Risk / Return Rank

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

SUAS.L

SUAS.L Risk / Return Rank: 48
SUAS.L Sharpe Ratio Rank: 44
SUAS.L Sortino Ratio Rank: 45
SUAS.L Omega Ratio Rank: 43
SUAS.L Calmar Ratio Rank: 55
SUAS.L Martin Ratio Rank: 54

IQSS.L

IQSS.L Risk / Return Rank: 79
IQSS.L Sharpe Ratio Rank: 73
IQSS.L Sortino Ratio Rank: 73
IQSS.L Omega Ratio Rank: 72
IQSS.L Calmar Ratio Rank: 87
IQSS.L Martin Ratio Rank: 87

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.

SUAS.L vs. IQSS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA SRI UCITS ETF USD (Acc) (SUAS.L) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.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.

	SUAS.L	IQSS.L	Difference
Sharpe ratio Return per unit of total volatility	0.88	1.49	-0.61
Sortino ratio Return per unit of downside risk	1.35	2.11	-0.77
Omega ratio Gain probability vs. loss probability	1.18	1.30	-0.11
Calmar ratio Return relative to maximum drawdown	1.64	2.68	-1.04
Martin ratio Return relative to average drawdown	6.04	11.08	-5.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SUAS.L vs. IQSS.L - Sharpe Ratio Comparison

The current SUAS.L Sharpe Ratio is 0.88, which is lower than the IQSS.L Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of SUAS.L and IQSS.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SUAS.L	IQSS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	1.49	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	1.00	-0.12

Correlation

The correlation between SUAS.L and IQSS.L is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SUAS.L vs. IQSS.L - Dividend Comparison

Neither SUAS.L nor IQSS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SUAS.L vs. IQSS.L - Drawdown Comparison

The maximum SUAS.L drawdown since its inception was -33.25%, which is greater than IQSS.L's maximum drawdown of -17.15%. Use the drawdown chart below to compare losses from any high point for SUAS.L and IQSS.L.

Drawdown Indicators

	SUAS.L	IQSS.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.25%	-18.91%	-14.34%
Max Drawdown (1Y) Largest decline over 1 year	-11.52%	-10.21%	-1.31%
Max Drawdown (5Y) Largest decline over 5 years	-25.44%	—	—
Current Drawdown Current decline from peak	-5.64%	-3.48%	-2.16%
Average Drawdown Average peak-to-trough decline	-5.16%	-3.08%	-2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	1.78%	+0.59%

Volatility

SUAS.L vs. IQSS.L - Volatility Comparison

The current volatility for iShares MSCI USA SRI UCITS ETF USD (Acc) (SUAS.L) is 5.12%, while Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) has a volatility of 5.76%. This indicates that SUAS.L experiences smaller price fluctuations and is considered to be less risky than IQSS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUAS.L	IQSS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	5.76%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	9.50%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	16.77%	16.35%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.50%	15.33%	+1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	15.33%	+2.54%