FQAL vs. IDHQ
FQAL (Fidelity Quality Factor ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Quality Factor funds - FQAL tracks the Fidelity U.S. Quality 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, FQAL returned 11.43%/yr vs 9.70%/yr for IDHQ. Their 0.70 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.29% expense ratio.
Performance
FQAL vs. IDHQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FQAL achieves a 9.52% return, which is significantly lower than IDHQ's 26.27% return.
FQAL
- 1D
- 0.48%
- 1M
- 0.93%
- 6M
- 7.92%
- YTD
- 9.52%
- 1Y
- 18.77%
- 3Y*
- 17.90%
- 5Y*
- 11.43%
- 10Y*
- —
- ALL TIME*
- 14.45%
IDHQ
- 1D
- -1.04%
- 1M
- -0.18%
- 6M
- 17.73%
- YTD
- 26.27%
- 1Y
- 41.32%
- 3Y*
- 19.52%
- 5Y*
- 9.70%
- 10Y*
- 10.64%
- ALL TIME*
- 5.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.79M | $3.24M | $3.26M | |
| $5.89M | $6.19M | $5.51M |
FQAL vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FQAL Fidelity Quality Factor ETF | 9.52% | 16.93% | 21.92% | 24.20% | -19.70% | 32.13% | 16.17% | 28.12% | -4.39% | 23.03% |
IDHQ Invesco S&P International Developed High Quality ETF | 26.27% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
Correlation
The correlation between FQAL and IDHQ is 0.73, 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. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016 | 0.70 |
The correlation between FQAL and IDHQ has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FQAL vs. IDHQ — Risk / Return Rank
FQAL
IDHQ
FQAL vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Quality Factor ETF (FQAL) 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.
| FQAL | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.36 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 3.03 | -0.95 |
| Martin ratioReturn relative to average drawdown | 9.21 | 12.14 | -2.93 |
Loading charts...
Drawdowns
FQAL vs. IDHQ - Drawdown Comparison
The maximum FQAL drawdown since its inception was -33.71%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for FQAL and IDHQ.
Loading charts...
Drawdown Indicators
| FQAL | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.71% | -73.84% | +40.13% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -13.44% | +5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.87% | -14.07% | -2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -25.50% | -33.54% | +8.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.54% | — |
Current DrawdownCurrent decline from peak | -0.42% | -1.04% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -21.03% | +16.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 3.35% | -1.45% |
Volatility
FQAL vs. IDHQ - Volatility Comparison
The current volatility for Fidelity Quality Factor ETF (FQAL) is 2.43%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 4.17%. This indicates that FQAL 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.
Loading charts...
Volatility by Period
| FQAL | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.43% | 4.17% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.94% | 18.92% | -9.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.60% | 20.74% | -9.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 17.85% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 17.97% | -0.48% |
FQAL vs. IDHQ - Expense Ratio Comparison
Both FQAL and IDHQ have an expense ratio of 0.29%.
Dividends
FQAL vs. IDHQ - Dividend Comparison
FQAL's dividend yield for the trailing twelve months is around 1.15%, less than IDHQ's 2.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FQAL Fidelity Quality Factor ETF | 1.15% | 1.12% | 1.20% | 1.35% | 1.52% | 1.17% | 1.46% | 1.55% | 1.73% | 1.53% | 0.43% | 0.00% |
IDHQ Invesco S&P International Developed High Quality ETF | 2.01% | 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
FQAL and IDHQ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDHQ has higher volatility (4.17%) compared to FQAL (2.43%). In terms of maximum drawdown, FQAL dropped -33.71% vs IDHQ's -73.84%.
On 5-year performance, FQAL leads with 11.43% vs 9.70% for IDHQ. Both ETFs have the same 0.29% expense ratio. On volatility, FQAL has been the lower-risk option at 2.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FQAL has performed better with a 11.43% return vs 9.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FQAL and IDHQ have the same expense ratio: 0.29% per year.
IDHQ has the higher dividend yield at 2.01%, compared with 1.15% for FQAL.
FQAL tracks Fidelity U.S. Quality 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.
IDHQ currently has the higher Sharpe Ratio (1.97 vs 1.51), 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.
Find the right allocation for FQAL and IDHQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer