DHY vs. IDMO
Compare and contrast key facts about Dimensional High Yield Equity Fund (DHY) and Invesco S&P International Developed Momentum ETF (IDMO).
DHY is managed by Dimensional Fund Advisors. It was launched on Jan 1, 2013. IDMO is a passively managed fund by Invesco that tracks the performance of the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. It was launched on Feb 24, 2012.
Performance
DHY vs. IDMO - Performance Comparison
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DHY vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHY Dimensional High Yield Equity Fund | -3.22% | 2.19% | 18.18% | 24.13% | -21.75% | 16.99% | 0.10% | 26.18% | -16.10% | 17.06% |
IDMO Invesco S&P International Developed Momentum ETF | 1.97% | 42.17% | 12.79% | 20.16% | -12.03% | 14.31% | 22.01% | 26.09% | -16.66% | 29.21% |
Returns By Period
In the year-to-date period, DHY achieves a -3.22% return, which is significantly lower than IDMO's 1.97% return. Over the past 10 years, DHY has underperformed IDMO with an annualized return of 7.85%, while IDMO has yielded a comparatively higher 11.86% annualized return.
DHY
- 1D
- -0.53%
- 1M
- -1.76%
- YTD
- -3.22%
- 6M
- -4.80%
- 1Y
- -2.32%
- 3Y*
- 9.64%
- 5Y*
- 4.32%
- 10Y*
- 7.85%
IDMO
- 1D
- 2.81%
- 1M
- -4.19%
- YTD
- 1.97%
- 6M
- 7.03%
- 1Y
- 31.67%
- 3Y*
- 23.75%
- 5Y*
- 14.52%
- 10Y*
- 11.86%
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DHY vs. IDMO - Expense Ratio Comparison
DHY has a 0.04% expense ratio, which is lower than IDMO's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
DHY vs. IDMO — Risk / Return Rank
DHY
IDMO
DHY vs. IDMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional High Yield Equity Fund (DHY) and Invesco S&P International Developed Momentum ETF (IDMO). 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.
| DHY | IDMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.16 | 1.66 | -1.82 |
Sortino ratioReturn per unit of downside risk | -0.13 | 2.28 | -2.40 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.35 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.66 | -2.88 |
Martin ratioReturn relative to average drawdown | -0.66 | 10.75 | -11.41 |
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
| DHY | IDMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 1.66 | -1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.83 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.66 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.44 | -0.26 |
Correlation
The correlation between DHY and IDMO is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DHY vs. IDMO - Dividend Comparison
DHY's dividend yield for the trailing twelve months is around 9.84%, more than IDMO's 3.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHY Dimensional High Yield Equity Fund | 9.84% | 9.30% | 8.69% | 9.39% | 10.57% | 7.61% | 8.68% | 9.02% | 11.20% | 9.40% | 10.52% | 12.63% |
IDMO Invesco S&P International Developed Momentum ETF | 3.73% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
Drawdowns
DHY vs. IDMO - Drawdown Comparison
The maximum DHY drawdown since its inception was -71.47%, which is greater than IDMO's maximum drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for DHY and IDMO.
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Drawdown Indicators
| DHY | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.47% | -39.38% | -32.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -12.31% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -27.23% | -27.07% | -0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -41.36% | -31.34% | -10.02% |
Current DrawdownCurrent decline from peak | -6.60% | -6.22% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -12.37% | -9.85% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 3.05% | +0.47% |
Volatility
DHY vs. IDMO - Volatility Comparison
The current volatility for Dimensional High Yield Equity Fund (DHY) is 6.39%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 9.12%. This indicates that DHY experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHY | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 9.12% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 12.67% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.34% | 19.21% | -4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 17.67% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 17.90% | +0.07% |