FDT vs. IDHQ
FDT (First Trust Developed Markets ex-US AlphaDEX Fund) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds - FDT tracks the NASDAQ AlphaDEX DM Ex-US 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, FDT returned 10.02%/yr vs 10.54%/yr for IDHQ. A 0.77 correlation means they provide meaningful diversification when combined. FDT charges 0.80%/yr vs 0.29%/yr for IDHQ.
Performance
FDT vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, FDT achieves a 14.80% return, which is significantly lower than IDHQ's 23.96% return. Over the past 10 years, FDT has underperformed IDHQ with an annualized return of 10.02%, while IDHQ has yielded a comparatively higher 10.54% annualized return.
FDT
- 1D
- -2.43%
- 1M
- -6.84%
- 6M
- 8.73%
- YTD
- 14.80%
- 1Y
- 34.70%
- 3Y*
- 23.70%
- 5Y*
- 11.25%
- 10Y*
- 10.02%
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%
FDT vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDT First Trust Developed Markets ex-US AlphaDEX Fund | 14.80% | 52.21% | 6.97% | 15.03% | -19.51% | 11.43% | 4.29% | 16.82% | -19.98% | 34.42% |
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% | -13.38% | 28.16% |
Correlation
The correlation between FDT and IDHQ is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2011 | 0.77 |
The correlation between FDT and IDHQ has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
FDT vs. IDHQ — Risk / Return Rank
FDT
IDHQ
FDT vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Developed Markets ex-US AlphaDEX Fund (FDT) 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.
| FDT | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.58 | +0.02 |
| Martin ratioReturn relative to average drawdown | 8.93 | 10.14 | -1.21 |
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Drawdowns
FDT vs. IDHQ - Drawdown Comparison
The maximum FDT drawdown since its inception was -46.10%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for FDT and IDHQ.
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Drawdown Indicators
| FDT | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.10% | -73.84% | +27.74% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -13.44% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -14.29% | -14.07% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -32.80% | -33.54% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -46.10% | -33.54% | -12.56% |
Current DrawdownCurrent decline from peak | -9.98% | -2.57% | -7.41% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -21.09% | +10.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 3.41% | +0.49% |
Volatility
FDT vs. IDHQ - Volatility Comparison
First Trust Developed Markets ex-US AlphaDEX Fund (FDT) and Invesco S&P International Developed High Quality ETF (IDHQ) have volatilities of 8.14% and 7.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDT | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 7.92% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 18.41% | 18.93% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.52% | 20.78% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.61% | 17.85% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 17.97% | +0.56% |
FDT vs. IDHQ - Expense Ratio Comparison
FDT has a 0.80% expense ratio, which is higher than IDHQ's 0.29% expense ratio.
Dividends
FDT vs. IDHQ - Dividend Comparison
FDT's dividend yield for the trailing twelve months is around 2.91%, more than IDHQ's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDT First Trust Developed Markets ex-US AlphaDEX Fund | 2.91% | 3.27% | 3.89% | 4.36% | 2.29% | 3.80% | 2.42% | 2.78% | 2.13% | 1.57% | 1.76% | 1.83% |
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
FDT and IDHQ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDT has higher volatility (8.14%) compared to IDHQ (7.92%). In terms of maximum drawdown, FDT dropped -46.10% vs IDHQ's -73.84%.
On 10-year performance, IDHQ leads with 10.54% vs 10.02% for FDT. On fees, IDHQ is cheaper at 0.29% per year. On volatility, IDHQ has been the lower-risk option at 7.92%. 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 10.54% return vs 10.02%. 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 0.80% for FDT.
FDT has the higher dividend yield at 2.91%, compared with 2.04% for IDHQ.
FDT tracks NASDAQ AlphaDEX DM Ex-US Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.80% for FDT and 0.29% for IDHQ.
FDT currently has the higher Sharpe Ratio (1.70 vs 1.67), 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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