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HXQ.TO vs. IDMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HXQ.TO vs. IDMO

Last updated Jun 9, 2026

HXQ.TO (Horizons NASDAQ-100 Index ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index, 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 10 years, HXQ.TO returned 22.16%/yr vs 13.05%/yr for IDMO. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

HXQ.TO vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Horizons NASDAQ-100 Index ETF (HXQ.TO) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

HXQ.TO is traded in CAD, while IDMO is traded in USD. To make them comparable, the IDMO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HXQ.TO achieves a 18.52% return, which is significantly higher than IDMO's 7.22% return. Over the past 10 years, HXQ.TO has outperformed IDMO with an annualized return of 22.16%, while IDMO has yielded a comparatively lower 13.05% annualized return.

HXQ.TO

1D
1.44%
1M
2.69%
YTD
18.52%
6M
15.98%
1Y
38.04%
3Y*
28.80%
5Y*
20.09%
10Y*
22.16%

IDMO

1D
0.92%
1M
-1.82%
YTD
7.22%
6M
9.76%
1Y
21.65%
3Y*
26.24%
5Y*
18.43%
10Y*
13.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HXQ.TO vs. IDMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HXQ.TO
Horizons NASDAQ-100 Index ETF		18.52%15.05%35.98%51.16%-27.84%26.20%45.58%32.26%6.71%23.12%
IDMO
Invesco S&P International Developed Momentum ETF		7.25%35.68%22.34%17.30%-6.45%14.25%19.11%20.89%-9.65%20.46%

Correlation

The correlation between HXQ.TO and IDMO is 0.51, 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

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (5Y)
Calculated over the trailing 5-year period

0.46

Correlation (10Y)
Calculated over the trailing 10-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Apr 22, 2016

0.41

The correlation between HXQ.TO and IDMO shifts across timeframes, from 0.41 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.

HXQ.TO vs. IDMO - Sectors Allocation Comparison

Sectors
HXQ.TO
IDMO

Technology

55.9%
5.3%

Communication Services

15.8%
2.2%

Consumer Cyclical

13.2%
1.4%

Healthcare

4.4%
1.2%

Consumer Defensive

4.4%
2.5%

Industrials

3.1%
22.6%

Utilities

1.4%
8.4%

Basic Materials

1.0%
10.2%

Energy

0.5%
1.9%

Financial Services

0.3%
42.4%

Real Estate

0.2%
2.0%

Technology

HXQ.TO
55.9%
IDMO
5.3%

Communication Services

HXQ.TO
15.8%
IDMO
2.2%

Consumer Cyclical

HXQ.TO
13.2%
IDMO
1.4%

Healthcare

HXQ.TO
4.4%
IDMO
1.2%

Consumer Defensive

HXQ.TO
4.4%
IDMO
2.5%

Industrials

HXQ.TO
3.1%
IDMO
22.6%

Utilities

HXQ.TO
1.4%
IDMO
8.4%

Basic Materials

HXQ.TO
1.0%
IDMO
10.2%

Energy

HXQ.TO
0.5%
IDMO
1.9%

Financial Services

HXQ.TO
0.3%
IDMO
42.4%

Real Estate

HXQ.TO
0.2%
IDMO
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Horizons NASDAQ-100 Index ETF

Invesco S&P International Developed Momentum ETF

Often compared with HXQ.TO:
HXQ.TO vs. QQC.TOHXQ.TO vs. XQQ.TOHXQ.TO vs. VFV.TOHXQ.TO vs. QQQHXQ.TO vs. HXS.TOHXQ.TO vs. ZNQ.TOHXQ.TO vs. QQC-F.TO
Often compared with IDMO:
IDMO vs. MTUMIDMO vs. SPMOIDMO vs. IDHQIDMO vs. VXUSIDMO vs. EFGIDMO vs. AVDSIDMO vs. AVDV

Return for Risk

HXQ.TO vs. IDMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HXQ.TO
HXQ.TO Risk / Return Rank: 7373
Overall Rank
HXQ.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
HXQ.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
HXQ.TO Omega Ratio Rank: 7979
Omega Ratio Rank
HXQ.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
HXQ.TO Martin Ratio Rank: 6161
Martin Ratio Rank
IDMO
IDMO Risk / Return Rank: 3636
Overall Rank
IDMO Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
IDMO Sortino Ratio Rank: 3434
Sortino Ratio Rank
IDMO Omega Ratio Rank: 3535
Omega Ratio Rank
IDMO Calmar Ratio Rank: 3535
Calmar Ratio Rank
IDMO Martin Ratio Rank: 4343
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HXQ.TO vs. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizons NASDAQ-100 Index ETF (HXQ.TO) 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.

HXQ.TOIDMODifference
Sharpe ratioReturn per unit of total volatility
2.35
1.23

+1.12

Sortino ratioReturn per unit of downside risk
3.03
1.82

+1.21

Omega ratioGain probability vs. loss probability

1.42

1.23

+0.19

Calmar ratioReturn relative to maximum drawdown

3.08

1.82

+1.25

Martin ratioReturn relative to average drawdown

9.84

7.50

+2.34

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HXQ.TO vs. IDMO - Sharpe Ratio Comparison

The current HXQ.TO Sharpe Ratio is 2.35, which is higher than the IDMO Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of HXQ.TO and IDMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HXQ.TOIDMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.35

1.23

+1.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

0.98

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.07

0.68

+0.38

Sharpe Ratio (All Time)

Calculated using the full available price history

1.06

0.55

+0.50

Drawdowns

HXQ.TO vs. IDMO - Drawdown Comparison

The maximum HXQ.TO drawdown since its inception was -31.60%, roughly equal to the maximum IDMO drawdown of -30.46%. Use the drawdown chart below to compare losses from any high point for HXQ.TO and IDMO.

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Drawdown Indicators

HXQ.TOIDMODifference

Max Drawdown

Largest peak-to-trough decline

-31.60%

-30.46%

-1.14%

Max Drawdown (1Y)

Largest decline over 1 year

-12.43%

-11.93%

-0.50%

Max Drawdown (3Y)

Largest decline over 3 years

-22.58%

-13.13%

-9.45%

Max Drawdown (5Y)

Largest decline over 5 years

-31.60%

-21.90%

-9.70%

Max Drawdown (10Y)

Largest decline over 10 years

-31.60%

-25.51%

-6.09%

Current Drawdown

Current decline from peak

-3.52%

-3.54%

+0.02%

Average Drawdown

Average peak-to-trough decline

-5.75%

-6.99%

+1.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.88%

2.90%

+0.98%

Volatility

HXQ.TO vs. IDMO - Volatility Comparison

Horizons NASDAQ-100 Index ETF (HXQ.TO) and Invesco S&P International Developed Momentum ETF (IDMO) have volatilities of 6.67% and 6.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HXQ.TOIDMODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.67%

6.42%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

12.75%

15.56%

-2.81%

Volatility (1Y)

Calculated over the trailing 1-year period

16.27%

17.65%

-1.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.85%

18.87%

+1.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.89%

19.19%

+1.70%

HXQ.TO vs. IDMO - Expense Ratio Comparison

Both HXQ.TO and IDMO have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

HXQ.TO vs. IDMO - Dividend Comparison

HXQ.TO has not paid dividends to shareholders, while IDMO's dividend yield for the trailing twelve months is around 3.61%.

PositionTTM20252024202320222021202020192018201720162015
HXQ.TO
Horizons NASDAQ-100 Index ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IDMO
Invesco S&P International Developed Momentum ETF		3.61%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

HXQ.TO and IDMO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

HXQ.TO and IDMO have the same expense ratio: 0.25% per year.

HXQ.TO is categorized as Nasdaq-100, while IDMO is Momentum. HXQ.TO tracks NASDAQ-100 Index, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. They also come from different issuers: Horizons and Invesco.

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