XDEV.L vs. IQSS.L

Last updated Jun 5, 2026

XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) and IQSS.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - XDEV.L is a Global Equities fund tracking the MSCI ACWI Value NR USD, while IQSS.L is a ESG fund actively managed by Invesco. XDEV.L is passively managed, while IQSS.L is actively managed. Over the past year, XDEV.L returned 67.77% vs 32.16% for IQSS.L. A 0.78 correlation means they provide meaningful diversification when combined. XDEV.L charges 0.25%/yr vs 0.60%/yr for IQSS.L.

Performance

XDEV.L vs. IQSS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDEV.L achieves a 34.49% return, which is significantly higher than IQSS.L's 14.34% return.

XDEV.L

• 1D: -0.91%
• 1M: 13.12%
• YTD: 34.49%
• 6M: 37.39%
• 1Y: 67.77%
• 3Y*: 26.92%
• 5Y*: 17.53%
• 10Y*: 13.44%

IQSS.L

• 1D: -0.06%
• 1M: 6.33%
• YTD: 14.34%
• 6M: 15.71%
• 1Y: 32.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
XDEV.L Xtrackers MSCI World Value Factor UCITS ETF 1C	34.49%	30.51%	1.29%
IQSS.L Invesco Global Active ESG Equity UCITS ETF USD Acc	14.34%	14.30%	6.63%

Correlation

The correlation between XDEV.L and IQSS.L is 0.78, 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	0.78
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	0.78

The correlation between XDEV.L and IQSS.L has been stable across timeframes, ranging from 0.78 to 0.78 - a consistent structural relationship.

Return for Risk

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

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

XDEV.L

XDEV.L Risk / Return Rank: 97
XDEV.L Sharpe Ratio Rank: 98
XDEV.L Sortino Ratio Rank: 98
XDEV.L Omega Ratio Rank: 97
XDEV.L Calmar Ratio Rank: 96
XDEV.L Martin Ratio Rank: 96

IQSS.L

IQSS.L Risk / Return Rank: 88
IQSS.L Sharpe Ratio Rank: 87
IQSS.L Sortino Ratio Rank: 89
IQSS.L Omega Ratio Rank: 88
IQSS.L Calmar Ratio Rank: 86
IQSS.L Martin Ratio Rank: 89

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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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.

	XDEV.L	IQSS.L	Difference
Sharpe ratio: Return per unit of total volatility	5.07	2.86	+2.21
Sortino ratio: Return per unit of downside risk	6.87	4.03	+2.84
Omega ratio: Gain probability vs. loss probability	1.97	1.54	+0.42
Calmar ratio: Return relative to maximum drawdown	9.75	4.70	+5.05
Martin ratio: Return relative to average drawdown	37.53	19.62	+17.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XDEV.L Sharpe Ratio is 5.07, which is higher than the IQSS.L Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of XDEV.L and IQSS.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

	XDEV.L	IQSS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.07	2.86	+2.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.33	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	1.35	-0.49

Drawdowns

XDEV.L vs. IQSS.L - Drawdown Comparison

The maximum XDEV.L drawdown since its inception was -28.20%, which is greater than IQSS.L's maximum drawdown of -18.91%. Use the drawdown chart below to compare losses from any high point for XDEV.L and IQSS.L.

Drawdown Indicators

	XDEV.L	IQSS.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.20%	-18.91%	-9.29%
Max Drawdown (1Y) Largest decline over 1 year	-6.92%	-6.81%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-14.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.20%	—	—
Current Drawdown Current decline from peak	-0.91%	-0.22%	-0.69%
Average Drawdown Average peak-to-trough decline	-4.35%	-2.86%	-1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.64%	+0.16%

Volatility

XDEV.L vs. IQSS.L - Volatility Comparison

Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) has a higher volatility of 5.42% compared to Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) at 3.21%. This indicates that XDEV.L's price experiences larger fluctuations and is considered to be riskier than IQSS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDEV.L	IQSS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	3.21%	+2.21%
Volatility (6M) Calculated over the trailing 6-month period	10.84%	8.26%	+2.58%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	11.18%	+2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.14%	14.10%	-0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.04%	14.10%	+0.94%

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

XDEV.L has a 0.25% expense ratio, which is lower than IQSS.L's 0.60% expense ratio.

Dividends

XDEV.L vs. IQSS.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XDEV.L and IQSS.L in my portfolio?

XDEV.L and IQSS.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDEV.L or IQSS.L?

On fees, XDEV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDEV.L or IQSS.L?

XDEV.L is cheaper with a 0.25% expense ratio, compared with 0.60% for IQSS.L.

What is the main difference between XDEV.L and IQSS.L?

XDEV.L is categorized as Global Equities, while IQSS.L is ESG. They also come from different issuers: DWS and Invesco. Their fees differ too: 0.25% for XDEV.L and 0.60% for IQSS.L.