FIVA vs. IDHQ
FIVA (Fidelity International Value Factor ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds - FIVA tracks the Fidelity International Value Factor Index while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 5 years, FIVA returned 14.04%/yr vs 9.58%/yr for IDHQ. Their correlation of 0.81 suggests significant overlap in exposure. FIVA charges 0.18%/yr vs 0.29%/yr for IDHQ.
Performance
FIVA vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, FIVA achieves a 14.95% return, which is significantly lower than IDHQ's 24.45% return.
FIVA
- 1D
- -1.13%
- 1M
- -0.46%
- 6M
- 10.71%
- YTD
- 14.95%
- 1Y
- 36.08%
- 3Y*
- 21.37%
- 5Y*
- 14.04%
- 10Y*
- —
IDHQ
- 1D
- -0.58%
- 1M
- 2.11%
- 6M
- 18.55%
- YTD
- 24.45%
- 1Y
- 35.69%
- 3Y*
- 18.93%
- 5Y*
- 9.58%
- 10Y*
- 10.57%
FIVA vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIVA Fidelity International Value Factor ETF | 14.95% | 45.83% | 2.53% | 20.38% | -10.37% | 15.90% | -1.78% | 19.78% | -18.62% |
IDHQ Invesco S&P International Developed High Quality ETF | 24.45% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -16.12% |
Correlation
The correlation between FIVA and IDHQ 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 | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.81 |
The correlation between FIVA and IDHQ has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
FIVA vs. IDHQ — Risk / Return Rank
FIVA
IDHQ
FIVA vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity International Value Factor ETF (FIVA) 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.
| FIVA | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 2.67 | +0.43 |
| Martin ratioReturn relative to average drawdown | 12.08 | 10.49 | +1.59 |
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Drawdowns
FIVA vs. IDHQ - Drawdown Comparison
The maximum FIVA drawdown since its inception was -39.76%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for FIVA and IDHQ.
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Drawdown Indicators
| FIVA | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.76% | -73.84% | +34.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -13.44% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -14.77% | -14.07% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -28.70% | -33.54% | +4.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.54% | — |
Current DrawdownCurrent decline from peak | -1.13% | -2.19% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -21.07% | +13.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.41% | -0.41% |
Volatility
FIVA vs. IDHQ - Volatility Comparison
The current volatility for Fidelity International Value Factor ETF (FIVA) is 4.44%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 5.74%. This indicates that FIVA 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
| FIVA | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 5.74% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 13.69% | 18.89% | -5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 20.74% | -4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.44% | 17.84% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.92% | 17.96% | -0.04% |
FIVA vs. IDHQ - Expense Ratio Comparison
FIVA has a 0.18% expense ratio, which is lower than IDHQ's 0.29% expense ratio.
Dividends
FIVA vs. IDHQ - Dividend Comparison
FIVA's dividend yield for the trailing twelve months is around 2.62%, more than IDHQ's 2.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIVA Fidelity International Value Factor ETF | 2.62% | 2.68% | 3.52% | 3.63% | 3.62% | 3.76% | 2.46% | 3.61% | 3.28% | 0.00% | 0.00% | 0.00% |
IDHQ Invesco S&P International Developed High Quality ETF | 2.03% | 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
FIVA and IDHQ 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.
IDHQ has higher volatility (5.74%) compared to FIVA (4.44%). In terms of maximum drawdown, FIVA dropped -39.76% vs IDHQ's -73.84%.
On 5-year performance, FIVA leads with 14.04% vs 9.58% for IDHQ. On fees, FIVA is cheaper at 0.18% per year. On volatility, FIVA has been the lower-risk option at 4.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FIVA has performed better with a 14.04% return vs 9.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIVA is cheaper with a 0.18% expense ratio, compared with 0.29% for IDHQ.
FIVA has the higher dividend yield at 2.62%, compared with 2.03% for IDHQ.
FIVA tracks Fidelity International Value Factor Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: Fidelity and Invesco. Their fees differ too: 0.18% for FIVA and 0.29% for IDHQ.
FIVA currently has the higher Sharpe Ratio (2.26 vs 1.73), 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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