DNL vs. IDHQ
DNL (WisdomTree Global ex-U.S. Quality Dividend Growth Fund) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds - DNL tracks the WisdomTree Global ex-U.S. Quality Dividend Growth Index while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 10 years, DNL returned 9.11%/yr vs 10.00%/yr for IDHQ. A 0.76 correlation means they provide meaningful diversification when combined. DNL charges 0.58%/yr vs 0.29%/yr for IDHQ.
Performance
DNL vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, DNL achieves a 8.34% return, which is significantly lower than IDHQ's 15.58% return. Over the past 10 years, DNL has underperformed IDHQ with an annualized return of 9.11%, while IDHQ has yielded a comparatively higher 10.00% annualized return.
DNL
- 1D
- 1.22%
- 1M
- -1.29%
- YTD
- 8.34%
- 6M
- 9.46%
- 1Y
- 15.54%
- 3Y*
- 10.20%
- 5Y*
- 3.67%
- 10Y*
- 9.11%
IDHQ
- 1D
- 2.46%
- 1M
- -1.25%
- YTD
- 15.58%
- 6M
- 17.77%
- 1Y
- 26.72%
- 3Y*
- 17.43%
- 5Y*
- 8.10%
- 10Y*
- 10.00%
DNL vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund | 8.34% | 17.03% | -0.61% | 17.00% | -22.38% | 16.14% | 18.22% | 36.23% | -14.76% | 31.11% |
IDHQ Invesco S&P International Developed High Quality ETF | 15.58% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
Correlation
The correlation between DNL 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 | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2007 | 0.76 |
The correlation between DNL and IDHQ shifts across timeframes, from 0.76 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DNL vs. IDHQ — Risk / Return Rank
DNL
IDHQ
DNL vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) 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.
| DNL | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 2.00 | -0.74 |
| Martin ratioReturn relative to average drawdown | 4.48 | 7.90 | -3.42 |
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
| DNL | IDHQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 1.38 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.46 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.56 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.20 | +0.06 |
Drawdowns
DNL vs. IDHQ - Drawdown Comparison
The maximum DNL drawdown since its inception was -44.53%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for DNL and IDHQ.
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Drawdown Indicators
| DNL | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.53% | -73.84% | +29.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -13.44% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -20.15% | -14.07% | -6.08% |
Max Drawdown (5Y)Largest decline over 5 years | -34.85% | -33.54% | -1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -34.85% | -33.54% | -1.31% |
Current DrawdownCurrent decline from peak | -2.86% | -3.38% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -10.16% | -21.18% | +11.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 3.39% | +0.09% |
Volatility
DNL vs. IDHQ - Volatility Comparison
The current volatility for WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) is 6.56%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 8.85%. This indicates that DNL 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
| DNL | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 8.85% | -2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 15.60% | 17.46% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.42% | 19.46% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.31% | 17.58% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.70% | 18.02% | +0.68% |
DNL vs. IDHQ - Expense Ratio Comparison
DNL has a 0.58% expense ratio, which is higher than IDHQ's 0.29% expense ratio.
Dividends
DNL vs. IDHQ - Dividend Comparison
DNL's dividend yield for the trailing twelve months is around 1.69%, less than IDHQ's 2.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund | 1.69% | 2.06% | 2.30% | 1.81% | 4.82% | 1.38% | 1.76% | 1.93% | 2.55% | 1.86% | 2.51% | 1.98% |
IDHQ Invesco S&P International Developed High Quality ETF | 2.09% | 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, DNL 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 (8.85%) compared to DNL (6.56%). In terms of maximum drawdown, DNL dropped -44.53% vs IDHQ's -73.84%.
On 10-year performance, IDHQ leads with 10.00% vs 9.11% for DNL. On fees, IDHQ is cheaper at 0.29% per year. On volatility, DNL has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IDHQ has performed better with a 10.00% return vs 9.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDHQ is cheaper with a 0.29% expense ratio, compared with 0.58% for DNL.
IDHQ has the higher dividend yield at 2.09%, compared with 1.69% for DNL.
DNL tracks WisdomTree Global ex-U.S. Quality Dividend Growth Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.58% for DNL and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (1.38 vs 0.85), 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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