XWEM.L vs. IQSS.L
XWEM.L (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) and IQSS.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - XWEM.L is a Global Equities fund tracking the MSCI World Momentum Low Carbon SRI Screened Select, while IQSS.L is a ESG fund actively managed by Invesco. XWEM.L is passively managed, while IQSS.L is actively managed. Over the past year, XWEM.L returned 35.25% vs 30.07% for IQSS.L. Their correlation of 0.85 suggests significant overlap in exposure. XWEM.L charges 0.25%/yr vs 0.60%/yr for IQSS.L.
Performance
XWEM.L vs. IQSS.L - Performance Comparison
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Different Trading Currencies
XWEM.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, XWEM.L achieves a 21.64% return, which is significantly higher than IQSS.L's 13.38% return.
XWEM.L
- 1D
- -2.50%
- 1M
- 4.24%
- YTD
- 21.64%
- 6M
- 20.97%
- 1Y
- 35.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQSS.L
- 1D
- 0.00%
- 1M
- 1.59%
- YTD
- 13.38%
- 6M
- 13.17%
- 1Y
- 30.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XWEM.L vs. IQSS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XWEM.L Xtrackers MSCI World Momentum ESG UCITS ETF 1C | 21.64% | 21.57% | 4.81% |
IQSS.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 13.38% | 22.92% | 3.83% |
Correlation
The correlation between XWEM.L and IQSS.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024 | 0.85 |
The correlation between XWEM.L and IQSS.L has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
XWEM.L vs. IQSS.L — Risk / Return Rank
XWEM.L
IQSS.L
XWEM.L vs. IQSS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XWEM.L | IQSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 3.40 | -0.19 |
| Martin ratioReturn relative to average drawdown | 13.78 | 14.88 | -1.10 |
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Drawdowns
XWEM.L vs. IQSS.L - Drawdown Comparison
The maximum XWEM.L drawdown since its inception was -19.12%, 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 XWEM.L and IQSS.L.
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Drawdown Indicators
| XWEM.L | IQSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.12% | -17.15% | -1.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -8.89% | -2.88% |
Current DrawdownCurrent decline from peak | -2.50% | -1.70% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -2.21% | -1.97% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.03% | +0.72% |
Volatility
XWEM.L vs. IQSS.L - Volatility Comparison
Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.L) has a higher volatility of 6.03% compared to Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSS.L) at 3.66%. This indicates that XWEM.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.
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Volatility by Period
| XWEM.L | IQSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 3.66% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 9.98% | +5.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.84% | 12.79% | +5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 15.17% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 15.17% | +2.24% |
XWEM.L vs. IQSS.L - Expense Ratio Comparison
XWEM.L has a 0.25% expense ratio, which is lower than IQSS.L's 0.60% expense ratio.
Dividends
XWEM.L vs. IQSS.L - Dividend Comparison
Neither XWEM.L nor IQSS.L has paid dividends to shareholders.
Frequently Asked Questions
XWEM.L and IQSS.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWEM.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWEM.L is cheaper with a 0.25% expense ratio, compared with 0.60% for IQSS.L.
XWEM.L is categorized as Global Equities, while IQSS.L is ESG. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.25% for XWEM.L and 0.60% for IQSS.L.
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