XWQS.L vs. ESGS.L

Last updated Jul 18, 2026

XWQS.L (Xtrackers MSCI World Quality ESG UCITS ETF 1C) and ESGS.L (Invesco MSCI USA Universal Screened UCITS ETF USD (Acc)) are both exchange-traded funds - XWQS.L is a ESG fund tracking the MSCI World Quality Low Carbon SRI Screened Select Index, while ESGS.L is a US Equities fund tracking the MSCI USA Universal Select Business Screens Index. Both are passively managed. Over the past 3 years, XWQS.L returned 18.11%/yr vs 18.03%/yr for ESGS.L. Their correlation of 0.89 suggests significant overlap in exposure. XWQS.L charges 0.25%/yr vs 0.09%/yr for ESGS.L.

Performance

XWQS.L vs. ESGS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWQS.L) and Invesco MSCI USA Universal Screened UCITS ETF USD (Acc) (ESGS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XWQS.L is traded in GBP, while ESGS.L is traded in GBp. To make them comparable, the ESGS.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, XWQS.L achieves a 12.26% return, which is significantly higher than ESGS.L's 10.00% return.

XWQS.L

• 1D: 0.00%
• 1M: 1.28%
• 6M: 8.25%
• YTD: 12.26%
• 1Y: 26.75%
• 3Y*: 18.11%
• 5Y*: —
• 10Y*: —

ESGS.L

• 1D: -0.94%
• 1M: -1.50%
• 6M: 8.24%
• YTD: 10.00%
• 1Y: 19.87%
• 3Y*: 18.03%
• 5Y*: 12.32%
• 10Y*: —

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

XWQS.L vs. ESGS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XWQS.L Xtrackers MSCI World Quality ESG UCITS ETF 1C	12.26%	9.12%	20.95%	-12.78%
ESGS.L Invesco MSCI USA Universal Screened UCITS ETF USD (Acc)	10.00%	7.44%	26.67%	9.34%

Correlation

The correlation between XWQS.L and ESGS.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 (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023	0.89

The correlation between XWQS.L and ESGS.L has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

Return for Risk

XWQS.L vs. ESGS.L — Risk / Return Rank

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

XWQS.L

XWQS.L Risk / Return Rank: 37
XWQS.L Sharpe Ratio Rank: 23
XWQS.L Sortino Ratio Rank: 30
XWQS.L Omega Ratio Rank: 86
XWQS.L Calmar Ratio Rank: 27
XWQS.L Martin Ratio Rank: 20

ESGS.L

ESGS.L Risk / Return Rank: 68
ESGS.L Sharpe Ratio Rank: 72
ESGS.L Sortino Ratio Rank: 69
ESGS.L Omega Ratio Rank: 71
ESGS.L Calmar Ratio Rank: 65
ESGS.L Martin Ratio Rank: 64

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.

XWQS.L vs. ESGS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWQS.L) and Invesco MSCI USA Universal Screened UCITS ETF USD (Acc) (ESGS.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.

	XWQS.L	ESGS.L	Difference
Sharpe ratio: Return per unit of total volatility	0.62	1.72	-1.10
Sortino ratio: Return per unit of downside risk	1.29	2.38	-1.09
Omega ratio: Gain probability vs. loss probability	1.40	1.31	+0.09
Calmar ratio: Return relative to maximum drawdown	1.04	2.42	-1.38
Martin ratio: Return relative to average drawdown	1.53	8.32	-6.79

XWQS.L vs. ESGS.L - Sharpe Ratio Comparison

The current XWQS.L Sharpe Ratio is 0.62, which is lower than the ESGS.L Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of XWQS.L and ESGS.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.

Drawdowns

XWQS.L vs. ESGS.L - Drawdown Comparison

The maximum XWQS.L drawdown since its inception was -25.70%, smaller than the maximum ESGS.L drawdown of -29.04%. Use the drawdown chart below to compare losses from any high point for XWQS.L and ESGS.L.

Drawdown Indicators

	XWQS.L	ESGS.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.70%	-29.04%	+3.34%
Max Drawdown (1Y) Largest decline over 1 year	-25.70%	-8.16%	-17.54%
Max Drawdown (3Y) Largest decline over 3 years	-25.70%	-21.65%	-4.05%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.65%	—
Current Drawdown Current decline from peak	-13.30%	-2.89%	-10.41%
Average Drawdown Average peak-to-trough decline	-11.33%	-6.91%	-4.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.48%	2.38%	+15.10%

Volatility

XWQS.L vs. ESGS.L - Volatility Comparison

The current volatility for Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWQS.L) is 3.38%, while Invesco MSCI USA Universal Screened UCITS ETF USD (Acc) (ESGS.L) has a volatility of 3.66%. This indicates that XWQS.L experiences smaller price fluctuations and is considered to be less risky than ESGS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XWQS.L	ESGS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	3.66%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	8.49%	8.60%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	43.31%	11.59%	+31.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.20%	20.35%	+9.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.20%	21.41%	+8.79%

XWQS.L vs. ESGS.L - Expense Ratio Comparison

XWQS.L has a 0.25% expense ratio, which is higher than ESGS.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XWQS.L vs. ESGS.L - Dividend Comparison

Neither XWQS.L nor ESGS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XWQS.L and ESGS.L in my portfolio?

XWQS.L and ESGS.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.

Which ETF is better, XWQS.L or ESGS.L?

On fees, ESGS.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XWQS.L or ESGS.L?

ESGS.L is cheaper with a 0.09% expense ratio, compared with 0.25% for XWQS.L.

What is the main difference between XWQS.L and ESGS.L?

XWQS.L is categorized as ESG, while ESGS.L is US Equities. XWQS.L tracks MSCI World Quality Low Carbon SRI Screened Select Index, while ESGS.L tracks MSCI USA Universal Select Business Screens Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.25% for XWQS.L and 0.09% for ESGS.L.