FEDM vs. IDHQ
FEDM (FlexShares ESG & Climate Developed Markets ex-US Core Index Fund) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds - FEDM tracks the Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 3 years, FEDM returned 13.34%/yr vs 18.62%/yr for IDHQ. Their correlation of 0.91 suggests significant overlap in exposure. FEDM charges 0.12%/yr vs 0.29%/yr for IDHQ.
Performance
FEDM vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, FEDM achieves a 8.23% return, which is significantly lower than IDHQ's 24.14% return.
FEDM
- 1D
- -0.19%
- 1M
- 1.31%
- 6M
- 5.29%
- YTD
- 8.23%
- 1Y
- 18.40%
- 3Y*
- 13.34%
- 5Y*
- —
- 10Y*
- —
IDHQ
- 1D
- -0.25%
- 1M
- 1.40%
- 6M
- 17.71%
- YTD
- 24.14%
- 1Y
- 35.93%
- 3Y*
- 18.62%
- 5Y*
- 9.52%
- 10Y*
- 10.56%
FEDM vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 8.23% | 26.85% | 2.85% | 17.39% | -15.25% | 1.50% |
IDHQ Invesco S&P International Developed High Quality ETF | 24.14% | 27.46% | 1.33% | 18.80% | -20.23% | 2.97% |
Correlation
The correlation between FEDM and IDHQ is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | 0.91 |
The correlation between FEDM and IDHQ has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
FEDM vs. IDHQ — Risk / Return Rank
FEDM
IDHQ
FEDM vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) 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.
| FEDM | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.32 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.69 | -1.13 |
| Martin ratioReturn relative to average drawdown | 5.56 | 10.55 | -4.99 |
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Drawdowns
FEDM vs. IDHQ - Drawdown Comparison
The maximum FEDM drawdown since its inception was -29.37%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for FEDM and IDHQ.
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Drawdown Indicators
| FEDM | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.37% | -73.84% | +44.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -13.44% | +1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -14.24% | -14.07% | -0.17% |
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 | -0.73% | -2.44% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -21.07% | +14.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.41% | -0.09% |
Volatility
FEDM vs. IDHQ - Volatility Comparison
The current volatility for FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) is 3.25%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 5.73%. This indicates that FEDM 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
| FEDM | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 5.73% | -2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.05% | 18.90% | -5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 20.74% | -4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.41% | 17.83% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 17.96% | -1.55% |
FEDM vs. IDHQ - Expense Ratio Comparison
FEDM has a 0.12% expense ratio, which is lower than IDHQ's 0.29% expense ratio.
Dividends
FEDM vs. IDHQ - Dividend Comparison
FEDM's dividend yield for the trailing twelve months is around 2.95%, more than IDHQ's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 2.95% | 2.97% | 2.94% | 2.61% | 2.53% | 0.62% | 0.00% | 0.00% | 0.00% | 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
FEDM and IDHQ have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDHQ has higher volatility (5.73%) compared to FEDM (3.25%). In terms of maximum drawdown, FEDM dropped -29.37% vs IDHQ's -73.84%.
On 3-year performance, IDHQ leads with 18.62% vs 13.34% for FEDM. On fees, FEDM is cheaper at 0.12% per year. On volatility, FEDM has been the lower-risk option at 3.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IDHQ has performed better with a 18.62% return vs 13.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FEDM is cheaper with a 0.12% expense ratio, compared with 0.29% for IDHQ.
FEDM has the higher dividend yield at 2.95%, compared with 2.04% for IDHQ.
FEDM tracks Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: FlexShares and Invesco. Their fees differ too: 0.12% for FEDM and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (1.74 vs 1.12), 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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