FMQQ vs. IDMO
FMQQ (FMQQ The Next Frontier Internet & Ecommerce ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - FMQQ is a Emerging Markets Diversified fund tracking the FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net, 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 3 years, FMQQ returned 2.72%/yr vs 24.84%/yr for IDMO. A 0.62 correlation means they provide meaningful diversification when combined. FMQQ charges 0.86%/yr vs 0.25%/yr for IDMO.
Performance
FMQQ vs. IDMO - Performance Comparison
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Returns By Period
In the year-to-date period, FMQQ achieves a -12.29% return, which is significantly lower than IDMO's 8.27% return.
FMQQ
- 1D
- -1.11%
- 1M
- 4.15%
- 6M
- -10.48%
- YTD
- -12.29%
- 1Y
- -17.84%
- 3Y*
- 2.72%
- 5Y*
- —
- 10Y*
- —
IDMO
- 1D
- -1.59%
- 1M
- -2.15%
- 6M
- 5.42%
- YTD
- 8.27%
- 1Y
- 21.68%
- 3Y*
- 24.84%
- 5Y*
- 15.50%
- 10Y*
- 12.47%
FMQQ vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | -12.29% | 10.77% | 12.45% | 15.15% | -54.03% | -16.57% |
IDMO Invesco S&P International Developed Momentum ETF | 8.27% | 42.17% | 12.79% | 20.16% | -12.03% | 2.91% |
Correlation
The correlation between FMQQ and IDMO is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021 | 0.62 |
The correlation between FMQQ and IDMO has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.
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Return for Risk
FMQQ vs. IDMO — Risk / Return Rank
FMQQ
IDMO
FMQQ vs. IDMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) 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.
| FMQQ | IDMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.22 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 1.77 | -2.35 |
| Martin ratioReturn relative to average drawdown | -1.03 | 6.94 | -7.97 |
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Drawdowns
FMQQ vs. IDMO - Drawdown Comparison
The maximum FMQQ drawdown since its inception was -64.51%, which is greater than IDMO's maximum drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for FMQQ and IDMO.
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Drawdown Indicators
| FMQQ | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.51% | -39.38% | -25.13% |
Max Drawdown (1Y)Largest decline over 1 year | -30.82% | -12.31% | -18.51% |
Max Drawdown (3Y)Largest decline over 3 years | -30.82% | -12.65% | -18.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.34% | — |
Current DrawdownCurrent decline from peak | -52.59% | -3.93% | -48.66% |
Average DrawdownAverage peak-to-trough decline | -49.46% | -9.70% | -39.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.34% | 3.13% | +14.21% |
Volatility
FMQQ vs. IDMO - Volatility Comparison
The current volatility for FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ) is 4.24%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 5.93%. This indicates that FMQQ 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.
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Volatility by Period
| FMQQ | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 5.93% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 16.28% | 16.86% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.24% | 18.53% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.70% | 18.14% | +6.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.70% | 17.89% | +6.81% |
FMQQ vs. IDMO - Expense Ratio Comparison
FMQQ has a 0.86% expense ratio, which is higher than IDMO's 0.25% expense ratio.
Dividends
FMQQ vs. IDMO - Dividend Comparison
FMQQ's dividend yield for the trailing twelve months is around 0.70%, less than IDMO's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF | 0.70% | 0.61% | 0.45% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDMO Invesco S&P International Developed Momentum ETF | 3.69% | 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
FMQQ and IDMO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDMO has higher volatility (5.93%) compared to FMQQ (4.24%). In terms of maximum drawdown, FMQQ dropped -64.51% vs IDMO's -39.38%.
On 3-year performance, IDMO leads with 24.84% vs 2.72% for FMQQ. On fees, IDMO is cheaper at 0.25% per year. On volatility, FMQQ has been the lower-risk option at 4.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IDMO has performed better with a 24.84% return vs 2.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDMO is cheaper with a 0.25% expense ratio, compared with 0.86% for FMQQ.
IDMO has the higher dividend yield at 3.69%, compared with 0.70% for FMQQ.
FMQQ is categorized as Emerging Markets Diversified, while IDMO is Momentum. FMQQ tracks FMQQ The Next Frontier Internet & Ecommerce Index - Benchmark TR Net, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. They also come from different issuers: EMQQ and Invesco. Their fees differ too: 0.86% for FMQQ and 0.25% for IDMO.
IDMO currently has the higher Sharpe Ratio (1.18 vs -0.93), 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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