DFAX vs. IDHQ
DFAX (Dimensional World ex US Core Equity 2 ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds. DFAX is actively managed, while IDHQ is passively managed. Over the past 3 years, DFAX returned 18.75%/yr vs 19.01%/yr for IDHQ. Their correlation of 0.90 suggests significant overlap in exposure. DFAX charges 0.28%/yr vs 0.29%/yr for IDHQ.
Performance
DFAX vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, DFAX achieves a 13.78% return, which is significantly lower than IDHQ's 25.17% return.
DFAX
- 1D
- 0.46%
- 1M
- -2.09%
- 6M
- 9.37%
- YTD
- 13.78%
- 1Y
- 28.58%
- 3Y*
- 18.75%
- 5Y*
- —
- 10Y*
- —
IDHQ
- 1D
- 0.65%
- 1M
- 2.22%
- 6M
- 19.53%
- YTD
- 25.17%
- 1Y
- 36.94%
- 3Y*
- 19.01%
- 5Y*
- 9.70%
- 10Y*
- 10.65%
DFAX vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DFAX Dimensional World ex US Core Equity 2 ETF | 13.78% | 35.42% | 4.78% | 16.66% | -14.48% | -2.10% |
IDHQ Invesco S&P International Developed High Quality ETF | 25.17% | 27.46% | 1.33% | 18.80% | -20.23% | -0.00% |
Correlation
The correlation between DFAX and IDHQ is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2021 | 0.90 |
The correlation between DFAX and IDHQ has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
DFAX vs. IDHQ — Risk / Return Rank
DFAX
IDHQ
DFAX vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional World ex US Core Equity 2 ETF (DFAX) and Invesco S&P International Developed High Quality ETF (IDHQ). 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.
| DFAX | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.76 | -0.18 |
| Martin ratioReturn relative to average drawdown | 9.78 | 10.86 | -1.08 |
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Drawdowns
DFAX vs. IDHQ - Drawdown Comparison
The maximum DFAX drawdown since its inception was -28.15%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for DFAX and IDHQ.
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Drawdown Indicators
| DFAX | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.15% | -73.84% | +45.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.11% | -13.44% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -14.07% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.54% | — |
Current DrawdownCurrent decline from peak | -2.24% | -1.62% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -21.08% | +14.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 3.41% | -0.48% |
Volatility
DFAX vs. IDHQ - Volatility Comparison
The current volatility for Dimensional World ex US Core Equity 2 ETF (DFAX) is 5.19%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 6.07%. This indicates that DFAX experiences smaller price fluctuations and is considered to be less risky than IDHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFAX | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 6.07% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 14.42% | 18.90% | -4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.22% | 20.75% | -4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 17.84% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 17.96% | -1.81% |
DFAX vs. IDHQ - Expense Ratio Comparison
DFAX has a 0.28% expense ratio, which is lower than IDHQ's 0.29% expense ratio.
Dividends
DFAX vs. IDHQ - Dividend Comparison
DFAX's dividend yield for the trailing twelve months is around 2.33%, more than IDHQ's 2.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAX Dimensional World ex US Core Equity 2 ETF | 2.33% | 2.58% | 2.98% | 3.01% | 3.30% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDHQ Invesco S&P International Developed High Quality ETF | 2.02% | 2.46% | 2.41% | 2.52% | 3.33% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% |
Frequently Asked Questions
With a correlation of 0.91, DFAX and IDHQ 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.
IDHQ has higher volatility (6.07%) compared to DFAX (5.19%). In terms of maximum drawdown, DFAX dropped -28.15% vs IDHQ's -73.84%.
On 3-year performance, IDHQ leads with 19.01% vs 18.75% for DFAX. On fees, DFAX is cheaper at 0.28% per year. On volatility, DFAX has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IDHQ has performed better with a 19.01% return vs 18.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFAX is cheaper with a 0.28% expense ratio, compared with 0.29% for IDHQ.
DFAX has the higher dividend yield at 2.33%, compared with 2.02% for IDHQ.
They also come from different issuers: Dimensional and Invesco. Their fees differ too: 0.28% for DFAX and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (1.79 vs 1.77), 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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