EQLT vs. IDHQ
EQLT (iShares MSCI Emerging Markets Quality Factor ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Quality Factor funds - EQLT tracks the MSCI Emerging Markets Quality Factor Select Index while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past year, EQLT returned 44.38% vs 41.32% for IDHQ. Their 0.71 correlation means they have sometimes moved together and sometimes differently. EQLT charges 0.35%/yr vs 0.29%/yr for IDHQ.
Performance
EQLT vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, EQLT achieves a 22.86% return, which is significantly lower than IDHQ's 26.27% return.
EQLT
- 1D
- 0.51%
- 1M
- -1.35%
- 6M
- 14.71%
- YTD
- 22.86%
- 1Y
- 44.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 29.13%
IDHQ
- 1D
- -1.04%
- 1M
- -0.18%
- 6M
- 17.73%
- YTD
- 26.27%
- 1Y
- 41.32%
- 3Y*
- 19.52%
- 5Y*
- 9.70%
- 10Y*
- 10.64%
- ALL TIME*
- 5.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $77.09K | $55.23K | $122.39K | |
| $5.89M | $6.19M | $5.51M |
EQLT vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EQLT iShares MSCI Emerging Markets Quality Factor ETF | 22.86% | 33.93% | -1.29% |
IDHQ Invesco S&P International Developed High Quality ETF | 26.27% | 27.46% | -7.87% |
Correlation
The correlation between EQLT and IDHQ is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.71 |
The correlation between EQLT and IDHQ has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
EQLT vs. IDHQ — Risk / Return Rank
EQLT
IDHQ
EQLT vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Quality Factor ETF (EQLT) 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.
| EQLT | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 3.03 | +0.58 |
| Martin ratioReturn relative to average drawdown | 10.91 | 12.14 | -1.23 |
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Drawdowns
EQLT vs. IDHQ - Drawdown Comparison
The maximum EQLT drawdown since its inception was -17.38%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for EQLT and IDHQ.
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Drawdown Indicators
| EQLT | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.38% | -73.84% | +56.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -13.44% | +1.44% |
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 DrawdownCurrent decline from peak | -8.36% | -1.04% | -7.32% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -21.03% | +17.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 3.35% | +0.61% |
Volatility
EQLT vs. IDHQ - Volatility Comparison
iShares MSCI Emerging Markets Quality Factor ETF (EQLT) has a higher volatility of 5.98% compared to Invesco S&P International Developed High Quality ETF (IDHQ) at 4.17%. This indicates that EQLT's price experiences larger fluctuations and is considered to be riskier 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
| EQLT | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 4.17% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 21.15% | 18.92% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.39% | 20.74% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.25% | 17.85% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.25% | 17.97% | +3.28% |
EQLT vs. IDHQ - Expense Ratio Comparison
EQLT has a 0.35% expense ratio, which is higher than IDHQ's 0.29% expense ratio.
Dividends
EQLT vs. IDHQ - Dividend Comparison
EQLT's dividend yield for the trailing twelve months is around 2.85%, more than IDHQ's 2.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQLT iShares MSCI Emerging Markets Quality Factor ETF | 2.85% | 3.10% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDHQ Invesco S&P International Developed High Quality ETF | 2.01% | 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
EQLT and IDHQ have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EQLT has higher volatility (5.98%) compared to IDHQ (4.17%). In terms of maximum drawdown, EQLT dropped -17.38% vs IDHQ's -73.84%.
On 1-year performance, EQLT leads with 44.38% vs 41.32% for IDHQ. On fees, IDHQ is cheaper at 0.29% per year. On volatility, IDHQ has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EQLT has performed better with a 44.38% return vs 41.32%. 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 0.35% for EQLT.
EQLT has the higher dividend yield at 2.85%, compared with 2.01% for IDHQ.
EQLT tracks MSCI Emerging Markets Quality Factor Select Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for EQLT and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (1.97 vs 1.85), 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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