DMDV vs. IDHQ

Last updated Jul 14, 2026

DMDV (AAM S&P Developed Markets High Dividend Value ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds - DMDV tracks the S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. A 0.67 correlation means they provide meaningful diversification when combined. DMDV charges 0.39%/yr vs 0.29%/yr for IDHQ.

Performance

DMDV vs. IDHQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM S&P Developed Markets High Dividend Value ETF (DMDV) and Invesco S&P International Developed High Quality ETF (IDHQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DMDV

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IDHQ

• 1D: -1.06%
• 1M: 3.48%
• 6M: 17.70%
• YTD: 23.96%
• 1Y: 34.45%
• 3Y*: 18.63%
• 5Y*: 9.11%
• 10Y*: 10.54%

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

DMDV vs. IDHQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	7.82%	18.63%	-7.53%	10.16%	-20.45%	30.25%	-8.11%
IDHQ Invesco S&P International Developed High Quality ETF	23.96%	27.46%	1.33%	18.80%	-20.23%	11.38%	16.09%	29.58%	-3.27%

Correlation

The correlation between DMDV and IDHQ is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Nov 28, 2018	0.67

The correlation between DMDV and IDHQ shifts across timeframes, from 0.42 (3 years) to 0.67 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DMDV vs. IDHQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DMDV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IDHQ

IDHQ Risk / Return Rank: 66
IDHQ Sharpe Ratio Rank: 64
IDHQ Sortino Ratio Rank: 66
IDHQ Omega Ratio Rank: 65
IDHQ Calmar Ratio Rank: 65
IDHQ Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DMDV vs. IDHQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM S&P Developed Markets High Dividend Value ETF (DMDV) 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.

	DMDV	IDHQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.67	—
Sortino ratio: Return per unit of downside risk	—	2.41	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.58	—
Martin ratio: Return relative to average drawdown	—	10.14	—

Drawdowns

Drawdown Indicators

	DMDV	IDHQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-73.84%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.54%	—
Current Drawdown Current decline from peak	—	-2.57%	—
Average Drawdown Average peak-to-trough decline	—	-21.09%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.41%	—

Volatility

Volatility by Period

	DMDV	IDHQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	20.78%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.85%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.97%	—

DMDV vs. IDHQ - Expense Ratio Comparison

DMDV has a 0.39% expense ratio, which is higher than IDHQ's 0.29% expense ratio.

Dividends

DMDV vs. IDHQ - Dividend Comparison

DMDV has not paid dividends to shareholders, while IDHQ's dividend yield for the trailing twelve months is around 2.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DMDV AAM S&P Developed Markets High Dividend Value ETF	0.00%	0.00%	3.51%	6.98%	5.60%	4.45%	3.13%	5.36%	0.27%	0.00%	0.00%	0.00%
IDHQ Invesco S&P International Developed High Quality ETF	2.04%	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

Can I hold both DMDV and IDHQ in my portfolio?

DMDV and IDHQ have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DMDV or IDHQ?

On fees, IDHQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DMDV or IDHQ?

IDHQ is cheaper with a 0.29% expense ratio, compared with 0.39% for DMDV.

Which ETF pays a higher dividend yield, DMDV or IDHQ?

IDHQ has the higher dividend yield at 2.04%, compared with 0.00% for DMDV.

What is the main difference between DMDV and IDHQ?

DMDV tracks S&P Developed Ex-U.S. Dividend and Free Cash Flow Yield, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: Advisors Asset Management and Invesco. Their fees differ too: 0.39% for DMDV and 0.29% for IDHQ.