FNDF vs. IDHQ
FNDF (Schwab Fundamental International Equity ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds - FNDF tracks the RAFI Fundamental High Liquidity Developed ex US Large Index (Net) while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 10 years, FNDF returned 12.17%/yr vs 11.04%/yr for IDHQ. A 0.79 correlation means they provide meaningful diversification when combined. FNDF charges 0.25%/yr vs 0.29%/yr for IDHQ.
Performance
FNDF vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, FNDF achieves a 16.43% return, which is significantly lower than IDHQ's 23.16% return. Over the past 10 years, FNDF has outperformed IDHQ with an annualized return of 12.17%, while IDHQ has yielded a comparatively lower 11.04% annualized return.
FNDF
- 1D
- -2.61%
- 1M
- -1.37%
- YTD
- 16.43%
- 6M
- 16.74%
- 1Y
- 39.04%
- 3Y*
- 22.45%
- 5Y*
- 12.99%
- 10Y*
- 12.17%
IDHQ
- 1D
- -3.06%
- 1M
- 6.76%
- YTD
- 23.16%
- 6M
- 22.77%
- 1Y
- 36.24%
- 3Y*
- 20.04%
- 5Y*
- 9.28%
- 10Y*
- 11.04%
FNDF vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNDF Schwab Fundamental International Equity ETF | 16.43% | 40.99% | 2.29% | 20.22% | -7.78% | 14.97% | 3.61% | 18.46% | -14.21% | 23.98% |
IDHQ Invesco S&P International Developed High Quality ETF | 23.16% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
Correlation
The correlation between FNDF and IDHQ is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2013 | 0.79 |
The correlation between FNDF and IDHQ has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
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Return for Risk
FNDF vs. IDHQ — Risk / Return Rank
FNDF
IDHQ
FNDF vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental International Equity ETF (FNDF) 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.
| FNDF | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.33 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 2.71 | +0.99 |
| Martin ratioReturn relative to average drawdown | 13.74 | 10.71 | +3.02 |
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Drawdowns
FNDF vs. IDHQ - Drawdown Comparison
The maximum FNDF drawdown since its inception was -40.14%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for FNDF and IDHQ.
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Drawdown Indicators
| FNDF | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -73.84% | +33.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.60% | -13.44% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -13.89% | -14.07% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -33.54% | +7.98% |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | -33.54% | -6.60% |
Current DrawdownCurrent decline from peak | -4.59% | -3.06% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -21.14% | +13.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 3.39% | -0.54% |
Volatility
FNDF vs. IDHQ - Volatility Comparison
The current volatility for Schwab Fundamental International Equity ETF (FNDF) is 6.77%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 10.09%. This indicates that FNDF 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
| FNDF | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 10.09% | -3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 13.93% | 18.76% | -4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 20.63% | -4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 17.85% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 17.99% | -0.52% |
FNDF vs. IDHQ - Expense Ratio Comparison
FNDF has a 0.25% expense ratio, which is lower than IDHQ's 0.29% expense ratio.
Dividends
FNDF vs. IDHQ - Dividend Comparison
FNDF's dividend yield for the trailing twelve months is around 2.95%, more than IDHQ's 2.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDF Schwab Fundamental International Equity ETF | 2.95% | 3.44% | 4.01% | 3.41% | 3.10% | 3.54% | 2.17% | 3.20% | 3.47% | 2.32% | 2.42% | 2.08% |
IDHQ Invesco S&P International Developed High Quality ETF | 2.06% | 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
FNDF and IDHQ have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDHQ has higher volatility (10.09%) compared to FNDF (6.77%). In terms of maximum drawdown, FNDF dropped -40.14% vs IDHQ's -73.84%.
On 10-year performance, FNDF leads with 12.17% vs 11.04% for IDHQ. On fees, FNDF is cheaper at 0.25% per year. On volatility, FNDF has been the lower-risk option at 6.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FNDF has performed better with a 12.17% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FNDF is cheaper with a 0.25% expense ratio, compared with 0.29% for IDHQ.
FNDF has the higher dividend yield at 2.95%, compared with 2.06% for IDHQ.
FNDF tracks RAFI Fundamental High Liquidity Developed ex US Large Index (Net), while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: Charles Schwab and Invesco. Their fees differ too: 0.25% for FNDF and 0.29% for IDHQ.
FNDF currently has the higher Sharpe Ratio (2.43 vs 1.77), 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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