IQSZ vs FRI
Comparison between Invesco Managed Futures Strategy ETF Global Equity Net Zero (IQSZ, ETF) and FIRST TRUST S&P REIT INDEX FUND (FRI, ETF).
IQSZ vs FRI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IQSZ
$165M
Winner
FRI
$165M
Expense Ratio
Winner
IQSZ
0.19%
FRI
0.50%
Max Drawdown
Winner
IQSZ
9.53%
FRI
73.28%
Sharpe Ratio
Winner
IQSZ
1.68
FRI
1.00
5Y Beta
IQSZ
1.06
Winner
FRI
0.54
P/E Ratio
Winner
IQSZ
22.25
FRI
36.54
Forward P/E
Winner
IQSZ
18.13
FRI
35.96
PEG Ratio
IQSZ
0.30
FRI
N/A
5Y Dividends CAGR
IQSZ
N/A
FRI
3.24%
5Y EPS CAGR
Winner
IQSZ
26.24%
FRI
8.57%
Debt to Equity
IQSZ
N/A
FRI
44.85%
P/S Ratio
Winner
IQSZ
2.03
FRI
7.34
P/B Ratio
IQSZ
4.24
Winner
FRI
2.40
IQSZ vs FRI - Holdings Comparison
IQSZ and FRI have 4 common holdings. Overlap is 0.63%
IQSZ's top 25 holdings weight is 36.31%. FRI's top 25 holdings weight is 73.31%.
| Rank | IQSZ | FRI |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 5.14% | WELLTOWER INC (WELL) - 11.25% |
| #2 | APPLE INC (AAPL) - 4.66% | PROLOGIS INC (PLD) - 10.12% |
| #3 | MICROSOFT CORP (MSFT) - 2.87% | SIMON PROPERTY GROUP INC (SPG) - 4.66% |
| #4 | AMAZON.COM INC (AMZN) - 2.48% | EQUINIX INC (EQIX) - 4.64% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 2.26% | DIGITAL REALTY TRUST INC (DLR) - 4.56% |
| #6 | n/a (n/a) - 2.04% | REALTY INCOME CORP (O) - 4.26% |
| #7 | ALPHABET INC CLASS C (GOOG) - 1.89% | MORGAN STANLEY INSTL LQUDTY TRS INSTL (MISXX) - 3.67% |
| #8 | MICRON TECHNOLOGY INC (MU) - 1.43% | PUBLIC STORAGE (PSA) - 3.60% |
| #9 | META PLATFORMS INC CLASS A (META) - 1.34% | VENTAS INC (VTR) - 3.12% |
| #10 | TESLA INC (TSLA) - 1.17% | IRON MOUNTAIN INC (IRM) - 2.79% |
| #11 | SAMSUNG ELECTRONICS CO LTD (n/a) - 1.10% | VICI PROPERTIES INC ORDINARY SHARES (VICI) - 2.32% |
| #12 | SK HYNIX INC (n/a) - 0.90% | EXTRA SPACE STORAGE INC (EXR) - 2.27% |
| #13 | JOHNSON & JOHNSON (JNJ) - 0.83% | AVALONBAY COMMUNITIES INC (AVB) - 1.96% |
| #14 | BROADCOM INC (AVGO) - 0.82% | EQUITY RESIDENTIAL (EQR) - 1.70% |
| #15 | ASML HOLDING NV (n/a) - 0.80% | ESSEX PROPERTY TRUST INC (ESS) - 1.33% |
| #16 | JPMORGAN CHASE & CO (JPM) - 0.74% | INVITATION HOMES INC (INVH) - 1.23% |
| #17 | THE TORONTO-DOMINION BANK (TD) - 0.73% | W.P. CAREY INC (WPC) - 1.22% |
| #18 | EXXON MOBIL CORP (XOM) - 0.73% | KIMCO REALTY CORP (KIM) - 1.21% |
| #19 | ELI LILLY AND CO (LLY) - 0.71% | MID-AMERICA APARTMENT COMMUNITIES INC (MAA) - 1.14% |
| #20 | MORGAN STANLEY (MS) - 0.68% | SUN COMMUNITIES INC (SUI) - 1.11% |
| #21 | CISCO SYSTEMS INC (CSCO) - 0.65% | HOST HOTELS & RESORTS INC (HST) - 1.07% |
| #22 | CITIGROUP INC (C) - 0.62% | OMEGA HEALTHCARE INVESTORS INC (OHI) - 1.06% |
| #23 | LAM RESEARCH CORP (LRCX) - 0.61% | HEALTHPEAK PROPERTIES INC (DOC) - 1.02% |
| #24 | BANK OF AMERICA CORP (BAC) - 0.56% | GAMING AND LEISURE PROPERTIES INC (GLPI) - 1.01% |
| #25 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.55% | LAMAR ADVERTISING CO CLASS A (LAMR) - 0.99% |
| Total Holdings | 506 | 131 |
IQSZ vs FRI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IQSZ
+1.94%
FRI
+1.37%
3M
Winner
IQSZ
+9.21%
FRI
+4.56%
6M
IQSZ
+12.88%
Winner
FRI
+13.63%
1Y
Winner
IQSZ
+26.18%
FRI
+17.57%
5Y(CAGR)
IQSZ
N/A
FRI
+4.87%
10Y(CAGR)
IQSZ
N/A
FRI
+5.94%
Max(CAGR)
Winner
IQSZ
+29.97%
FRI
+5.12%
IQSZ vs FRI - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | IQSZ | FRI |
|---|---|---|
| 2026 | +10.58% | +14.27% |
| 2025 | +13.35% | +3.67% |
| 2024 | N/A | +6.78% |
| 2023 | N/A | +13.52% |
| 2022 | N/A | -24.21% |
| 2021 | N/A | +47.78% |
| 2020 | N/A | -6.50% |
| 2019 | N/A | +26.83% |
| 2018 | N/A | -3.95% |
| 2017 | N/A | +3.50% |
| 2016 | N/A | +9.19% |
| 2015 | N/A | +0.47% |
| 2014 | N/A | +30.00% |
| 2013 | N/A | +0.53% |
| 2012 | N/A | +16.38% |
| 2011 | N/A | +6.31% |
| 2010 | N/A | +28.60% |
| 2009 | N/A | +30.64% |
| 2008 | N/A | -38.19% |
| 2007 | N/A | -19.25% |
IQSZ vs FRI Drawdown Comparison
The maximum drawdown for IQSZ was -9.13%, occurring on Mar 30, 2026. Recovery took 33 trading sessions.
The maximum drawdown for FRI was -71.97%, occurring on Mar 6, 2009. Recovery took 1284 trading sessions.
The current IQSZ drawdown is -3.05%. The current FRI drawdown is -1.01%.
| Rank | IQSZ | FRI |
|---|---|---|
| #1 | -9.13% Feb 25, 2026 - Apr 14, 2026 | -71.97% May 30, 2007 - Jul 2, 2012 |
| #2 | -4.82% Nov 12, 2025 - Dec 3, 2025 | -44.16% Feb 21, 2020 - Apr 21, 2021 |
| #3 | -3.39% Oct 6, 2025 - Oct 24, 2025 | -31.25% Dec 31, 2021 - Feb 6, 2026 |
| #4 | -3.05% Jun 2, 2026 - Jun 5, 2026 | -18.28% May 21, 2013 - Jun 5, 2014 |
| #5 | -2.86% Jul 23, 2025 - Aug 12, 2025 | -17.40% Jan 26, 2015 - May 6, 2016 |
| #6 | -2.26% May 14, 2026 - May 26, 2026 | -17.36% Aug 1, 2016 - Dec 6, 2018 |
| #7 | -2.24% Jan 12, 2026 - Jan 26, 2026 | -13.16% Dec 6, 2018 - Jan 31, 2019 |
| #8 | -2.24% Jan 27, 2026 - Feb 6, 2026 | -9.31% Sep 14, 2012 - Jan 15, 2013 |
| #9 | -2.03% Dec 11, 2025 - Dec 22, 2025 | -7.58% Sep 5, 2014 - Oct 27, 2014 |
| #10 | -1.71% Oct 28, 2025 - Nov 11, 2025 | -7.57% Mar 2, 2026 - Apr 16, 2026 |
| #11 | -1.52% Feb 11, 2026 - Feb 25, 2026 | -7.06% Sep 2, 2021 - Oct 26, 2021 |
| #12 | -1.39% Sep 22, 2025 - Oct 1, 2025 | -6.39% Oct 24, 2019 - Feb 10, 2020 |
| #13 | -1.35% Aug 22, 2025 - Sep 5, 2025 | -5.83% May 9, 2016 - Jun 28, 2016 |
| #14 | -1.24% Apr 17, 2026 - Apr 30, 2026 | -5.74% Nov 24, 2021 - Dec 8, 2021 |
| #15 | -1.19% Aug 14, 2025 - Aug 22, 2025 | -5.66% May 11, 2007 - May 30, 2007 |
Correlation
Correlation between IQSZ and FRI is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2007 - 2026)
IQSZ vs FRI dividend yield comparison.
| Year | IQSZ | FRI |
|---|---|---|
| 2026 | 0.39% | 0.30% |
| 2025 | 1.03% | 2.99% |
| 2024 | 0.00% | 3.33% |
| 2023 | 0.00% | 3.24% |
| 2022 | 0.00% | 2.52% |
| 2021 | 0.00% | 1.44% |
| 2020 | 0.00% | 3.08% |
| 2019 | 0.00% | 2.28% |
| 2018 | 0.00% | 3.21% |
| 2017 | 0.00% | 2.82% |
| 2016 | 0.00% | 3.27% |
| 2015 | 0.00% | 2.66% |
| 2014 | 0.00% | 2.07% |
| 2013 | 0.00% | 3.10% |
| 2012 | 0.00% | 2.27% |
| 2011 | 0.00% | 2.20% |
| 2010 | 0.00% | 2.04% |
| 2009 | 0.00% | 2.34% |
| 2008 | 0.00% | 3.31% |
| 2007 | 0.00% | 2.37% |
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