CORO vs. IQDF
CORO (iShares International Country Rotation Active ETF) and IQDF (FlexShares International Quality Dividend Index Fund) are both exchange-traded funds - CORO is a Tactical Allocation fund actively managed by iShares, while IQDF is a Foreign Large Cap Equities fund tracking the Northern Trust International Quality Dividend Index. CORO is actively managed, while IQDF is passively managed. Over the past year, CORO returned 37.63% vs 35.90% for IQDF. Their correlation of 0.94 suggests significant overlap in exposure. CORO charges 0.55%/yr vs 0.47%/yr for IQDF.
Performance
CORO vs. IQDF - Performance Comparison
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Returns By Period
In the year-to-date period, CORO achieves a 17.91% return, which is significantly higher than IQDF's 15.38% return.
CORO
- 1D
- -0.87%
- 1M
- 6.02%
- YTD
- 17.91%
- 6M
- 20.41%
- 1Y
- 37.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQDF
- 1D
- -1.02%
- 1M
- 5.16%
- YTD
- 15.38%
- 6M
- 18.18%
- 1Y
- 35.90%
- 3Y*
- 22.80%
- 5Y*
- 10.43%
- 10Y*
- 9.66%
CORO vs. IQDF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CORO iShares International Country Rotation Active ETF | 17.91% | 35.09% | -3.56% |
IQDF FlexShares International Quality Dividend Index Fund | 15.38% | 35.42% | -2.59% |
Correlation
The correlation between CORO and IQDF is 0.93, 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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | 0.94 |
The correlation between CORO and IQDF has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
CORO vs. IQDF — Risk / Return Rank
CORO
IQDF
CORO vs. IQDF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Country Rotation Active ETF (CORO) and FlexShares International Quality Dividend Index Fund (IQDF). 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.
| CORO | IQDF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 3.60 | -0.24 |
| Martin ratioReturn relative to average drawdown | 13.43 | 13.93 | -0.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CORO | IQDF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 2.50 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.02 | 0.44 | +1.58 |
Drawdowns
CORO vs. IQDF - Drawdown Comparison
The maximum CORO drawdown since its inception was -14.13%, smaller than the maximum IQDF drawdown of -39.83%. Use the drawdown chart below to compare losses from any high point for CORO and IQDF.
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Drawdown Indicators
| CORO | IQDF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.13% | -39.83% | +25.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.25% | -10.03% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.83% | — |
Current DrawdownCurrent decline from peak | -0.87% | -1.02% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -9.34% | +7.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.58% | +0.23% |
Volatility
CORO vs. IQDF - Volatility Comparison
iShares International Country Rotation Active ETF (CORO) and FlexShares International Quality Dividend Index Fund (IQDF) have volatilities of 5.41% and 5.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORO | IQDF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 5.63% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 13.21% | 12.23% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.44% | 14.44% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.66% | 15.49% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 16.63% | +0.03% |
CORO vs. IQDF - Expense Ratio Comparison
CORO has a 0.55% expense ratio, which is higher than IQDF's 0.47% expense ratio.
Dividends
CORO vs. IQDF - Dividend Comparison
CORO's dividend yield for the trailing twelve months is around 2.72%, less than IQDF's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORO iShares International Country Rotation Active ETF | 2.72% | 3.20% | 1.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQDF FlexShares International Quality Dividend Index Fund | 2.77% | 3.27% | 6.72% | 6.06% | 5.59% | 4.13% | 3.31% | 4.46% | 5.78% | 3.89% | 3.75% | 4.27% |
Frequently Asked Questions
With a correlation of 0.93, CORO and IQDF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IQDF has higher volatility (5.63%) compared to CORO (5.41%). In terms of maximum drawdown, CORO dropped -14.13% vs IQDF's -39.83%.
On 1-year performance, CORO leads with 37.63% vs 35.90% for IQDF. On fees, IQDF is cheaper at 0.47% per year. On volatility, CORO has been the lower-risk option at 5.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CORO has performed better with a 37.63% return vs 35.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IQDF is cheaper with a 0.47% expense ratio, compared with 0.55% for CORO.
IQDF has the higher dividend yield at 2.77%, compared with 2.72% for CORO.
CORO is categorized as Tactical Allocation, while IQDF is Foreign Large Cap Equities. They also come from different issuers: iShares and Northern Trust. Their fees differ too: 0.55% for CORO and 0.47% for IQDF.
IQDF currently has the higher Sharpe Ratio (2.50 vs 2.45), 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.
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