CEFA vs. IDOG

Last updated Aug 2, 2026

CEFA (Global X S&P Catholic Values Developed ex-U.S. ETF) and IDOG (ALPS International Sector Dividend Dogs ETF) are both Foreign Large Cap Equities funds - CEFA tracks the S&P Developed ex-U.S. Catholic Values Index while IDOG tracks the S-Network International Sector Dividend Dogs Index. Both are passively managed. Over the past 5 years, CEFA returned 7.72%/yr vs 14.35%/yr for IDOG. Their 0.72 correlation means they have sometimes moved together and sometimes differently. CEFA charges 0.35%/yr vs 0.50%/yr for IDOG.

Performance

CEFA vs. IDOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) and ALPS International Sector Dividend Dogs ETF (IDOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEFA achieves a 10.56% return, which is significantly lower than IDOG's 16.35% return.

CEFA

• 1D: -0.72%
• 1M: 1.53%
• 6M: 5.32%
• YTD: 10.56%
• 1Y: 22.90%
• 3Y*: 15.02%
• 5Y*: 7.72%
• 10Y*: —
• ALL TIME*: 10.97%

IDOG

• 1D: -0.32%
• 1M: 5.35%
• 6M: 11.47%
• YTD: 16.35%
• 1Y: 34.60%
• 3Y*: 20.44%
• 5Y*: 14.35%
• 10Y*: 10.97%
• ALL TIME*: 8.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF	$214.17K	$182.86K	$268.34K
IDOG ALPS International Sector Dividend Dogs ETF	$1.60M	$1.44M	$1.23M

CEFA vs. IDOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF	10.56%	26.46%	5.03%	17.40%	-16.66%	7.97%	21.61%
IDOG ALPS International Sector Dividend Dogs ETF	16.35%	39.94%	1.35%	23.57%	-4.50%	11.33%	16.32%

Correlation

The correlation between CEFA and IDOG is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (All Time) Calculated using the full available price history since Jun 24, 2020	0.72

The correlation between CEFA and IDOG has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.

CEFA vs. IDOG - Sectors Allocation Comparison

Sectors	CEFA	IDOG
Financial Services	26.4%	10.6%
Industrials	18.1%	12.3%
Technology	13.0%	7.7%
Healthcare	10.3%	10.4%
Consumer Cyclical	8.6%	10.1%
Consumer Defensive	6.8%	10.3%
Basic Materials	5.4%	9.8%
Communication Services	3.6%	9.5%
Energy	3.6%	9.2%
Utilities	3.0%	10.2%
Real Estate	1.1%	-

Return for Risk

CEFA vs. IDOG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CEFA

CEFA Risk / Return Rank: 58
CEFA Sharpe Ratio Rank: 59
CEFA Sortino Ratio Rank: 60
CEFA Omega Ratio Rank: 58
CEFA Calmar Ratio Rank: 55
CEFA Martin Ratio Rank: 60

IDOG

IDOG Risk / Return Rank: 93
IDOG Sharpe Ratio Rank: 94
IDOG Sortino Ratio Rank: 93
IDOG Omega Ratio Rank: 92
IDOG Calmar Ratio Rank: 95
IDOG Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CEFA vs. IDOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) and ALPS International Sector Dividend Dogs ETF (IDOG). 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.

	CEFA	IDOG	Difference
Sharpe ratio: Return per unit of total volatility	1.40	2.64	-1.23
Sortino ratio: Return per unit of downside risk	2.03	3.48	-1.46
Omega ratio: Gain probability vs. loss probability	1.25	1.45	-0.19
Calmar ratio: Return relative to maximum drawdown	1.97	5.43	-3.46
Martin ratio: Return relative to average drawdown	7.23	16.84	-9.61

CEFA vs. IDOG - Sharpe Ratio Comparison

The current CEFA Sharpe Ratio is 1.40, which is lower than the IDOG Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of CEFA and IDOG, 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

CEFA vs. IDOG - Drawdown Comparison

The maximum CEFA drawdown since its inception was -31.97%, smaller than the maximum IDOG drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for CEFA and IDOG.

Drawdown Indicators

	CEFA	IDOG	Difference
Max Drawdown Largest peak-to-trough decline	-31.97%	-37.32%	+5.35%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-6.47%	-5.07%
Max Drawdown (3Y) Largest decline over 3 years	-15.45%	-13.92%	-1.53%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	-25.31%	-6.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.32%	—
Current Drawdown Current decline from peak	-0.72%	-0.32%	-0.40%
Average Drawdown Average peak-to-trough decline	-6.90%	-7.86%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.08%	+1.05%

Volatility

CEFA vs. IDOG - Volatility Comparison

Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) has a higher volatility of 4.70% compared to ALPS International Sector Dividend Dogs ETF (IDOG) at 2.95%. This indicates that CEFA's price experiences larger fluctuations and is considered to be riskier than IDOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEFA	IDOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	2.95%	+1.75%
Volatility (6M) Calculated over the trailing 6-month period	14.09%	10.82%	+3.27%
Volatility (1Y) Calculated over the trailing 1-year period	16.20%	13.39%	+2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.70%	15.64%	+2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	17.09%	+0.14%

CEFA vs. IDOG - Expense Ratio Comparison

CEFA has a 0.35% expense ratio, which is lower than IDOG's 0.50% expense ratio.

Dividends

CEFA vs. IDOG - Dividend Comparison

CEFA's dividend yield for the trailing twelve months is around 2.68%, less than IDOG's 4.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF	2.68%	2.86%	3.26%	2.35%	2.35%	3.49%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%
IDOG ALPS International Sector Dividend Dogs ETF	4.23%	4.26%	4.90%	4.86%	4.46%	3.85%	3.00%	5.41%	4.50%	3.33%	4.01%	4.19%

Frequently Asked Questions

Can I hold both CEFA and IDOG in my portfolio?

CEFA and IDOG have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CEFA or IDOG?

CEFA has higher volatility (4.70%) compared to IDOG (2.95%). In terms of maximum drawdown, CEFA dropped -31.97% vs IDOG's -37.32%.

Which ETF is better, CEFA or IDOG?

On 5-year performance, IDOG leads with 14.35% vs 7.72% for CEFA. On fees, CEFA is cheaper at 0.35% per year. On volatility, IDOG has been the lower-risk option at 2.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CEFA or IDOG?

Over the 5-year period, IDOG has performed better with a 14.35% return vs 7.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CEFA or IDOG?

CEFA is cheaper with a 0.35% expense ratio, compared with 0.50% for IDOG.

Which ETF pays a higher dividend yield, CEFA or IDOG?

IDOG has the higher dividend yield at 4.23%, compared with 2.68% for CEFA.

What is the main difference between CEFA and IDOG?

CEFA tracks S&P Developed ex-U.S. Catholic Values Index, while IDOG tracks S-Network International Sector Dividend Dogs Index. They also come from different issuers: Global X and SS&C. Their fees differ too: 0.35% for CEFA and 0.50% for IDOG.

Which has better risk-adjusted returns?

IDOG currently has the higher Sharpe Ratio (2.64 vs 1.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.