FEZ vs. IDMO

Last updated Jul 21, 2026

FEZ (State Street SPDR EURO STOXX 50 ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - FEZ is a Europe Equities fund tracking the EURO STOXX 50 Index, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, FEZ returned 10.83%/yr vs 12.15%/yr for IDMO. A 0.61 correlation means they provide meaningful diversification when combined. FEZ charges 0.29%/yr vs 0.25%/yr for IDMO.

Performance

FEZ vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR EURO STOXX 50 ETF (FEZ) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEZ achieves a 6.18% return, which is significantly lower than IDMO's 6.72% return. Over the past 10 years, FEZ has underperformed IDMO with an annualized return of 10.83%, while IDMO has yielded a comparatively higher 12.15% annualized return.

FEZ

• 1D: -0.80%
• 1M: -2.56%
• 6M: 2.67%
• YTD: 6.18%
• 1Y: 16.45%
• 3Y*: 15.93%
• 5Y*: 11.10%
• 10Y*: 10.83%
• ALL TIME*: 7.67%

IDMO

• 1D: -0.78%
• 1M: -4.04%
• 6M: 3.61%
• YTD: 6.72%
• 1Y: 19.40%
• 3Y*: 23.73%
• 5Y*: 14.74%
• 10Y*: 12.15%
• ALL TIME*: 8.80%

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

FEZ vs. IDMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEZ State Street SPDR EURO STOXX 50 ETF	6.18%	37.81%	3.57%	27.16%	-14.27%	14.84%	4.84%	26.04%	-15.85%	24.80%
IDMO Invesco S&P International Developed Momentum ETF	6.72%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%

Correlation

The correlation between FEZ and IDMO is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012	0.61

Over the past year, FEZ and IDMO have become more correlated (0.87) than their long-term average of 0.61, meaning their price movements have been converging.

FEZ vs. IDMO - Sectors Allocation Comparison

Sectors	FEZ	IDMO
Financial Services	26.2%	12.1%
Industrials	22.1%	1.0%
Technology	16.6%	0.5%
Consumer Cyclical	9.5%	0.0%
Consumer Defensive	5.6%	0.4%
Healthcare	5.3%	0.5%
Utilities	4.9%	0.2%
Energy	4.5%	0.6%
Basic Materials	3.5%	4.6%
Communication Services	1.9%	0.1%
Real Estate	-	0.3%

Return for Risk

FEZ vs. IDMO — Risk / Return Rank

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

FEZ

FEZ Risk / Return Rank: 33
FEZ Sharpe Ratio Rank: 33
FEZ Sortino Ratio Rank: 33
FEZ Omega Ratio Rank: 31
FEZ Calmar Ratio Rank: 32
FEZ Martin Ratio Rank: 37

IDMO

IDMO Risk / Return Rank: 41
IDMO Sharpe Ratio Rank: 38
IDMO Sortino Ratio Rank: 39
IDMO Omega Ratio Rank: 38
IDMO Calmar Ratio Rank: 40
IDMO Martin Ratio Rank: 49

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.

FEZ vs. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR EURO STOXX 50 ETF (FEZ) and Invesco S&P International Developed Momentum ETF (IDMO). 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.

	FEZ	IDMO	Difference
Sharpe ratio: Return per unit of total volatility	0.90	1.05	-0.15
Sortino ratio: Return per unit of downside risk	1.37	1.58	-0.21
Omega ratio: Gain probability vs. loss probability	1.16	1.20	-0.03
Calmar ratio: Return relative to maximum drawdown	1.21	1.58	-0.37
Martin ratio: Return relative to average drawdown	4.15	6.15	-2.00

FEZ vs. IDMO - Sharpe Ratio Comparison

The current FEZ Sharpe Ratio is 0.90, which is comparable to the IDMO Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of FEZ and IDMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FEZ vs. IDMO - Drawdown Comparison

The maximum FEZ drawdown since its inception was -64.21%, which is greater than IDMO's maximum drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for FEZ and IDMO.

Drawdown Indicators

	FEZ	IDMO	Difference
Max Drawdown Largest peak-to-trough decline	-64.21%	-39.38%	-24.83%
Max Drawdown (1Y) Largest decline over 1 year	-13.63%	-12.31%	-1.32%
Max Drawdown (3Y) Largest decline over 3 years	-15.85%	-12.65%	-3.20%
Max Drawdown (5Y) Largest decline over 5 years	-35.05%	-27.07%	-7.98%
Max Drawdown (10Y) Largest decline over 10 years	-39.69%	-31.34%	-8.35%
Current Drawdown Current decline from peak	-3.38%	-5.31%	+1.93%
Average Drawdown Average peak-to-trough decline	-16.99%	-9.69%	-7.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	3.16%	+0.81%

Volatility

FEZ vs. IDMO - Volatility Comparison

The current volatility for State Street SPDR EURO STOXX 50 ETF (FEZ) is 4.58%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 5.93%. This indicates that FEZ experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEZ	IDMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	5.93%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	15.84%	16.90%	-1.06%
Volatility (1Y) Calculated over the trailing 1-year period	18.46%	18.58%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.66%	18.13%	+2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.68%	17.89%	+2.79%

FEZ vs. IDMO - Expense Ratio Comparison

FEZ has a 0.29% expense ratio, which is higher than IDMO's 0.25% expense ratio.

Dividends

FEZ vs. IDMO - Dividend Comparison

FEZ's dividend yield for the trailing twelve months is around 2.65%, less than IDMO's 3.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEZ State Street SPDR EURO STOXX 50 ETF	2.65%	2.78%	2.94%	2.75%	3.06%	2.61%	2.13%	2.61%	3.45%	2.44%	3.35%	3.03%
IDMO Invesco S&P International Developed Momentum ETF	3.75%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%

Frequently Asked Questions

Can I hold both FEZ and IDMO in my portfolio?

FEZ and IDMO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEZ or IDMO?

IDMO has higher volatility (5.93%) compared to FEZ (4.58%). In terms of maximum drawdown, FEZ dropped -64.21% vs IDMO's -39.38%.

Which ETF is better, FEZ or IDMO?

On 10-year performance, IDMO leads with 12.15% vs 10.83% for FEZ. On fees, IDMO is cheaper at 0.25% per year. On volatility, FEZ has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEZ or IDMO?

Over the 10-year period, IDMO has performed better with a 12.15% return vs 10.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEZ or IDMO?

IDMO is cheaper with a 0.25% expense ratio, compared with 0.29% for FEZ.

Which ETF pays a higher dividend yield, FEZ or IDMO?

IDMO has the higher dividend yield at 3.75%, compared with 2.65% for FEZ.

What is the main difference between FEZ and IDMO?

FEZ is categorized as Europe Equities, while IDMO is Momentum. FEZ tracks EURO STOXX 50 Index, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.29% for FEZ and 0.25% for IDMO.

Which has better risk-adjusted returns?

IDMO currently has the higher Sharpe Ratio (1.05 vs 0.90), 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.