IQSZ vs SLX
Comparison between Invesco Managed Futures Strategy ETF Global Equity Net Zero (IQSZ, ETF) and VANECK STEEL ETF (SLX, ETF).
IQSZ vs SLX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
IQSZ
$170M
SLX
$170M
Expense Ratio
Winner
IQSZ
0.19%
SLX
0.55%
Max Drawdown
Winner
IQSZ
9.53%
SLX
85.83%
Sharpe Ratio
Winner
IQSZ
1.55
SLX
1.44
5Y Beta
Winner
IQSZ
1.05
SLX
1.09
P/E Ratio
IQSZ
24.50
Winner
SLX
11.68
Forward P/E
IQSZ
18.98
Winner
SLX
12.35
PEG Ratio
IQSZ
0.24
Winner
SLX
0.06
5Y Dividends CAGR
IQSZ
N/A
SLX
9.75%
5Y EPS CAGR
Winner
IQSZ
23.43%
SLX
18.27%
Debt to Equity
IQSZ
N/A
SLX
30.40%
P/S Ratio
IQSZ
2.15
Winner
SLX
0.00
P/B Ratio
IQSZ
4.82
Winner
SLX
1.46
IQSZ vs SLX - Holdings Comparison
IQSZ and SLX have 2 common holdings. Overlap is -0.86%
IQSZ's top 25 holdings weight is 35.71%. SLX's top 25 holdings weight is 91.18%.
| Rank | IQSZ | SLX |
|---|---|---|
| #1 | APPLE INC (AAPL) - 5.05% | BHP GROUP LTD ADR (BHP) - 7.39% |
| #2 | NVIDIA CORP (NVDA) - 5.00% | VALE SA ADR (VALE) - 7.12% |
| #3 | MICROSOFT CORP (MSFT) - 2.67% | RIO TINTO PLC ADR (RIO) - 7.01% |
| #4 | AMAZON.COM INC (AMZN) - 2.54% | NUCOR CORP (NUE) - 6.36% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 2.14% | STEEL DYNAMICS INC (STLD) - 5.53% |
| #6 | n/a (n/a) - 2.05% | ARCELORMITTAL SA DEPOSITORY RECEIPT (MT) - 5.35% |
| #7 | ALPHABET INC CLASS C (GOOG) - 1.76% | NIPPON STEEL CORP (n/a) - 4.94% |
| #8 | META PLATFORMS INC CLASS A (META) - 1.54% | RIO TINTO LTD (n/a) - 4.81% |
| #9 | MICRON TECHNOLOGY INC (MU) - 1.13% | RELIANCE INC (RS) - 4.71% |
| #10 | TESLA INC (TSLA) - 1.11% | FORTESCUE LTD (n/a) - 4.47% |
| #11 | SAMSUNG ELECTRONICS CO LTD (n/a) - 0.96% | POSCO HOLDINGS INC ADR (PKX) - 4.25% |
| #12 | ELI LILLY AND CO (LLY) - 0.83% | TENARIS SA ADR (TS) - 3.96% |
| #13 | SK HYNIX INC (n/a) - 0.80% | CHINA STEEL CORP (n/a) - 3.07% |
| #14 | THE TORONTO-DOMINION BANK (TD) - 0.80% | BLUESCOPE STEEL LTD (n/a) - 2.67% |
| #15 | JOHNSON & JOHNSON (JNJ) - 0.79% | SSAB AB (PUBL) CLASS B (n/a) - 2.45% |
| #16 | ASML HOLDING NV (n/a) - 0.78% | JFE HOLDINGS INC (n/a) - 2.37% |
| #17 | JPMORGAN CHASE & CO (JPM) - 0.78% | VOESTALPINE AG (n/a) - 2.22% |
| #18 | MORGAN STANLEY (MS) - 0.72% | GERDAU SA ADR (GGB) - 2.06% |
| #19 | BROADCOM INC (AVGO) - 0.72% | COMMERCIAL METALS CO (CMC) - 1.90% |
| #20 | EXXONMOBIL HOLDINGS CORP (XOM) - 0.66% | MINERAL RESOURCES LTD (n/a) - 1.88% |
| #21 | BANK OF AMERICA CORP (BAC) - 0.60% | CLEVELAND-CLIFFS INC (CLF) - 1.71% |
| #22 | LAM RESEARCH CORP (LRCX) - 0.59% | ACERINOX SA (n/a) - 1.40% |
| #23 | CISCO SYSTEMS INC (CSCO) - 0.57% | TA CHEN STAINLESS PIPE CO LTD (n/a) - 1.28% |
| #24 | THE GOLDMAN SACHS GROUP INC (GS) - 0.56% | EREGLI DEMIR VE CELIK FABRIKALARI TAS (n/a) - 1.26% |
| #25 | CITIGROUP INC (C) - 0.56% | YAMATO KOGYO CO LTD (n/a) - 1.01% |
| Total Holdings | 503 | 48 |
IQSZ vs SLX - Historical Returns
Returns include dividend reinvestment.
1M
IQSZ
-0.09%
Winner
SLX
+0.05%
3M
Winner
IQSZ
+5.10%
SLX
+0.53%
6M
Winner
IQSZ
+9.59%
SLX
+6.96%
1Y
IQSZ
+24.37%
Winner
SLX
+39.44%
5Y(CAGR)
IQSZ
N/A
SLX
+15.02%
10Y(CAGR)
IQSZ
N/A
SLX
+16.86%
Max(CAGR)
Winner
IQSZ
+26.81%
SLX
+7.72%
IQSZ vs SLX - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | IQSZ | SLX |
|---|---|---|
| 2026 | +11.63% | +17.85% |
| 2025 | +13.35% | +48.28% |
| 2024 | N/A | -17.15% |
| 2023 | N/A | +33.22% |
| 2022 | N/A | +14.39% |
| 2021 | N/A | +25.29% |
| 2020 | N/A | +19.62% |
| 2019 | N/A | +10.56% |
| 2018 | N/A | -22.43% |
| 2017 | N/A | +20.83% |
| 2016 | N/A | +99.31% |
| 2015 | N/A | -41.29% |
| 2014 | N/A | -24.86% |
| 2013 | N/A | +0.46% |
| 2012 | N/A | -1.01% |
| 2011 | N/A | -34.07% |
| 2010 | N/A | +14.62% |
| 2009 | N/A | +97.11% |
| 2008 | N/A | -63.20% |
| 2007 | N/A | +89.41% |
| 2006 | N/A | +10.38% |
IQSZ vs SLX Drawdown Comparison
The maximum drawdown for IQSZ was -9.13%, occurring on Mar 30, 2026. Recovery took 33 trading sessions.
The maximum drawdown for SLX was -82.16%, occurring on Jan 25, 2016. Recovery took 3699 trading sessions.
The current IQSZ drawdown is -2.21%. The current SLX drawdown is -10.34%.
| Rank | IQSZ | SLX |
|---|---|---|
| #1 | -9.13% Feb 25, 2026 - Apr 14, 2026 | -82.16% May 16, 2008 - Jan 26, 2023 |
| #2 | -4.82% Nov 12, 2025 - Dec 3, 2025 | -27.39% Dec 27, 2023 - Jul 22, 2025 |
| #3 | -4.10% Jun 2, 2026 - Jun 15, 2026 | -23.74% Jul 12, 2007 - Sep 18, 2007 |
| #4 | -3.39% Oct 6, 2025 - Oct 24, 2025 | -21.19% Dec 10, 2007 - Feb 22, 2008 |
| #5 | -2.86% Jul 23, 2025 - Aug 12, 2025 | -20.93% Mar 3, 2023 - Jul 25, 2023 |
| #6 | -2.49% Jun 15, 2026 - Jun 24, 2026 | -16.35% Feb 11, 2026 - Apr 22, 2026 |
| #7 | -2.26% May 14, 2026 - May 26, 2026 | -15.61% Jul 25, 2023 - Dec 1, 2023 |
| #8 | -2.24% Jan 12, 2026 - Jan 26, 2026 | -14.71% Jun 2, 2026 - Jul 1, 2026 |
| #9 | -2.24% Jan 27, 2026 - Feb 6, 2026 | -12.00% Oct 29, 2007 - Dec 7, 2007 |
| #10 | -2.03% Dec 11, 2025 - Dec 22, 2025 | -11.43% Feb 28, 2008 - Apr 4, 2008 |
| #11 | -1.71% Oct 28, 2025 - Nov 11, 2025 | -10.12% Feb 26, 2007 - Mar 21, 2007 |
| #12 | -1.52% Feb 11, 2026 - Feb 25, 2026 | -10.02% Jul 23, 2025 - Oct 3, 2025 |
| #13 | -1.39% Sep 22, 2025 - Oct 1, 2025 | -7.05% Dec 5, 2006 - Jan 23, 2007 |
| #14 | -1.35% Aug 22, 2025 - Sep 5, 2025 | -6.54% Jun 1, 2007 - Jul 2, 2007 |
| #15 | -1.24% Apr 17, 2026 - Apr 30, 2026 | -6.37% Feb 1, 2023 - Mar 2, 2023 |
Correlation
Correlation between IQSZ and SLX is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2006 - 2026)
IQSZ vs SLX dividend yield comparison.
| Year | IQSZ | SLX |
|---|---|---|
| 2026 | 0.86% | 0.00% |
| 2025 | 1.03% | 1.55% |
| 2024 | 0.00% | 3.56% |
| 2023 | 0.00% | 2.80% |
| 2022 | 0.00% | 4.97% |
| 2021 | 0.00% | 7.07% |
| 2020 | 0.00% | 1.87% |
| 2019 | 0.00% | 3.44% |
| 2018 | 0.00% | 6.26% |
| 2017 | 0.00% | 2.50% |
| 2016 | 0.00% | 1.06% |
| 2015 | 0.00% | 5.35% |
| 2014 | 0.00% | 3.27% |
| 2013 | 0.00% | 1.98% |
| 2012 | 0.00% | 2.21% |
| 2011 | 0.00% | 2.40% |
| 2010 | 0.00% | 1.41% |
| 2009 | 0.00% | 1.60% |
| 2008 | 0.00% | 4.61% |
| 2007 | 0.00% | 0.57% |
| 2006 | 0.00% | 0.31% |
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