FPXI vs. IDHQ
FPXI (First Trust International Equity Opportunities ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both exchange-traded funds - FPXI is a Foreign Large Cap Equities fund tracking the IPOX International Index, while IDHQ is a Quality Factor fund tracking the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 10 years, FPXI returned 11.04%/yr vs 10.76%/yr for IDHQ. Their 0.67 correlation means they have sometimes moved together and sometimes differently. FPXI charges 0.70%/yr vs 0.29%/yr for IDHQ.
Performance
FPXI vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, FPXI achieves a 16.79% return, which is significantly lower than IDHQ's 27.25% return. Both investments have delivered pretty close results over the past 10 years, with FPXI having a 11.04% annualized return and IDHQ not far behind at 10.76%.
FPXI
- 1D
- 0.39%
- 1M
- -11.07%
- 6M
- 7.83%
- YTD
- 16.79%
- 1Y
- 28.02%
- 3Y*
- 19.49%
- 5Y*
- 1.10%
- 10Y*
- 11.04%
- ALL TIME*
- 8.39%
IDHQ
- 1D
- 0.78%
- 1M
- 0.59%
- 6M
- 18.33%
- YTD
- 27.25%
- 1Y
- 42.41%
- 3Y*
- 20.69%
- 5Y*
- 9.61%
- 10Y*
- 10.76%
- ALL TIME*
- 5.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.73M | $3.76M | $4.60M | |
| $6.00M | $6.33M | $5.63M |
FPXI vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPXI First Trust International Equity Opportunities ETF | 16.79% | 26.37% | 12.62% | 9.56% | -31.83% | -15.73% | 71.50% | 33.69% | -13.07% | 39.32% |
IDHQ Invesco S&P International Developed High Quality ETF | 27.25% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
Correlation
The correlation between FPXI and IDHQ is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.67 |
The correlation between FPXI and IDHQ shifts across timeframes, from 0.67 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FPXI vs. IDHQ — Risk / Return Rank
FPXI
IDHQ
FPXI vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust International Equity Opportunities ETF (FPXI) 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.
| FPXI | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 3.17 | -2.00 |
| Martin ratioReturn relative to average drawdown | 4.19 | 12.70 | -8.51 |
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Drawdowns
FPXI vs. IDHQ - Drawdown Comparison
The maximum FPXI drawdown since its inception was -55.78%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for FPXI and IDHQ.
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Drawdown Indicators
| FPXI | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.78% | -73.84% | +18.06% |
Max Drawdown (1Y)Largest decline over 1 year | -24.12% | -13.44% | -10.68% |
Max Drawdown (3Y)Largest decline over 3 years | -24.12% | -14.07% | -10.05% |
Max Drawdown (5Y)Largest decline over 5 years | -50.75% | -33.54% | -17.21% |
Max Drawdown (10Y)Largest decline over 10 years | -55.78% | -33.54% | -22.24% |
Current DrawdownCurrent decline from peak | -20.17% | -0.27% | -19.90% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -21.03% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.70% | 3.35% | +3.35% |
Volatility
FPXI vs. IDHQ - Volatility Comparison
First Trust International Equity Opportunities ETF (FPXI) has a higher volatility of 12.57% compared to Invesco S&P International Developed High Quality ETF (IDHQ) at 4.02%. This indicates that FPXI's price experiences larger fluctuations and is considered to be riskier 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
| FPXI | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 4.02% | +8.55% |
Volatility (6M)Calculated over the trailing 6-month period | 27.10% | 18.89% | +8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.35% | 20.72% | +9.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.12% | 17.86% | +5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.91% | 17.98% | +3.93% |
FPXI vs. IDHQ - Expense Ratio Comparison
FPXI has a 0.70% expense ratio, which is higher than IDHQ's 0.29% expense ratio.
Dividends
FPXI vs. IDHQ - Dividend Comparison
FPXI's dividend yield for the trailing twelve months is around 0.68%, less than IDHQ's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPXI First Trust International Equity Opportunities ETF | 0.68% | 0.70% | 0.93% | 0.71% | 1.13% | 0.71% | 0.18% | 0.67% | 1.75% | 0.75% | 2.09% | 1.34% |
IDHQ Invesco S&P International Developed High Quality ETF | 1.99% | 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
FPXI and IDHQ have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPXI has higher volatility (12.57%) compared to IDHQ (4.02%). In terms of maximum drawdown, FPXI dropped -55.78% vs IDHQ's -73.84%.
On 10-year performance, FPXI leads with 11.04% vs 10.76% for IDHQ. On fees, IDHQ is cheaper at 0.29% per year. On volatility, IDHQ has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FPXI has performed better with a 11.04% return vs 10.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDHQ is cheaper with a 0.29% expense ratio, compared with 0.70% for FPXI.
IDHQ has the higher dividend yield at 1.99%, compared with 0.68% for FPXI.
FPXI is categorized as Foreign Large Cap Equities, while IDHQ is Quality Factor. FPXI tracks IPOX International Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.70% for FPXI and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (2.06 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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