IDHQ vs. BTC-USD
IDHQ (Invesco S&P International Developed High Quality ETF) is Foreign Large Cap Equities fund tracking the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, IDHQ returned 10.67%/yr vs 57.23%/yr for BTC-USD. At a 0.11 correlation, their price movements are largely independent.
Performance
IDHQ vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, IDHQ achieves a 19.79% return, which is significantly higher than BTC-USD's -26.27% return. Over the past 10 years, IDHQ has underperformed BTC-USD with an annualized return of 10.67%, while BTC-USD has yielded a comparatively higher 57.23% annualized return.
IDHQ
- 1D
- -0.33%
- 1M
- 3.46%
- YTD
- 19.79%
- 6M
- 21.75%
- 1Y
- 30.93%
- 3Y*
- 18.28%
- 5Y*
- 8.69%
- 10Y*
- 10.67%
BTC-USD
- 1D
- 1.71%
- 1M
- -20.43%
- YTD
- -26.27%
- 6M
- -28.52%
- 1Y
- -39.20%
- 3Y*
- 36.94%
- 5Y*
- 9.74%
- 10Y*
- 57.23%
IDHQ vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 19.79% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
BTC-USD Bitcoin | -26.27% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between IDHQ and BTC-USD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2012 | 0.11 |
Over the past year, IDHQ and BTC-USD have become more correlated (0.34) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
IDHQ vs. BTC-USD — Risk / Return Rank
IDHQ
BTC-USD
IDHQ vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed High Quality ETF (IDHQ) and Bitcoin (BTC-USD). 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.
| IDHQ | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +3.43 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.87 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | -0.77 | +2.96 |
| Martin ratioReturn relative to average drawdown | 8.67 | -1.33 | +10.01 |
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Drawdowns
IDHQ vs. BTC-USD - Drawdown Comparison
The maximum IDHQ drawdown since its inception was -73.84%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for IDHQ and BTC-USD.
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Drawdown Indicators
| IDHQ | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.84% | -85.30% | +11.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.44% | -51.21% | +37.77% |
Max Drawdown (3Y)Largest decline over 3 years | -14.07% | -51.21% | +37.14% |
Max Drawdown (5Y)Largest decline over 5 years | -33.54% | -76.67% | +43.13% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | -83.80% | +50.26% |
Current DrawdownCurrent decline from peak | -0.33% | -48.27% | +47.94% |
Average DrawdownAverage peak-to-trough decline | -21.16% | -42.36% | +21.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 35.16% | -31.75% |
Volatility
IDHQ vs. BTC-USD - Volatility Comparison
The current volatility for Invesco S&P International Developed High Quality ETF (IDHQ) is 9.75%, while Bitcoin (BTC-USD) has a volatility of 11.97%. This indicates that IDHQ experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDHQ | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.75% | 11.97% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 18.25% | 34.64% | -16.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.20% | 35.59% | -15.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.74% | 44.57% | -26.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 56.61% | -38.55% |
Frequently Asked Questions
IDHQ and BTC-USD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.97%) compared to IDHQ (9.75%). In terms of maximum drawdown, IDHQ dropped -73.84% vs BTC-USD's -85.30%.
IDHQ currently has the higher Sharpe Ratio (1.46 vs -0.92), 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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