IDHQ vs. DNL
IDHQ (Invesco S&P International Developed High Quality ETF) and DNL (WisdomTree Global ex-U.S. Quality Dividend Growth Fund) are both Foreign Large Cap Equities funds - IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index while DNL tracks the WisdomTree Global ex-U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, IDHQ returned 10.52%/yr vs 8.88%/yr for DNL. A 0.76 correlation means they provide meaningful diversification when combined. IDHQ charges 0.29%/yr vs 0.58%/yr for DNL.
Performance
IDHQ vs. DNL - Performance Comparison
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Returns By Period
In the year-to-date period, IDHQ achieves a 24.40% return, which is significantly higher than DNL's 10.79% return. Over the past 10 years, IDHQ has outperformed DNL with an annualized return of 10.52%, while DNL has yielded a comparatively lower 8.88% annualized return.
IDHQ
- 1D
- 1.05%
- 1M
- -1.12%
- 6M
- 20.01%
- YTD
- 24.40%
- 1Y
- 35.59%
- 3Y*
- 18.82%
- 5Y*
- 9.57%
- 10Y*
- 10.52%
- ALL TIME*
- 5.24%
DNL
- 1D
- 1.75%
- 1M
- -2.01%
- 6M
- 7.67%
- YTD
- 10.79%
- 1Y
- 15.01%
- 3Y*
- 9.88%
- 5Y*
- 4.14%
- 10Y*
- 8.88%
- ALL TIME*
- 5.47%
IDHQ vs. DNL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 24.40% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund | 10.79% | 17.03% | -0.61% | 17.00% | -22.38% | 16.14% | 18.22% | 36.23% | -14.76% | 31.11% |
Correlation
The correlation between IDHQ and DNL is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2007 | 0.76 |
The correlation between IDHQ and DNL shifts across timeframes, from 0.76 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IDHQ vs. DNL — Risk / Return Rank
IDHQ
DNL
IDHQ vs. DNL - 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 WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL). 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 | DNL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.15 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.21 | +1.45 |
| Martin ratioReturn relative to average drawdown | 10.42 | 4.27 | +6.15 |
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Drawdowns
IDHQ vs. DNL - Drawdown Comparison
The maximum IDHQ drawdown since its inception was -73.84%, which is greater than DNL's maximum drawdown of -44.53%. Use the drawdown chart below to compare losses from any high point for IDHQ and DNL.
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Drawdown Indicators
| IDHQ | DNL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.84% | -44.53% | -29.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.44% | -12.42% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.07% | -20.15% | +6.08% |
Max Drawdown (5Y)Largest decline over 5 years | -33.54% | -34.85% | +1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | -34.85% | +1.31% |
Current DrawdownCurrent decline from peak | -2.23% | -2.16% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -21.06% | -10.11% | -10.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 3.52% | -0.10% |
Volatility
IDHQ vs. DNL - Volatility Comparison
Invesco S&P International Developed High Quality ETF (IDHQ) and WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) have volatilities of 5.18% and 5.31%, 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
| IDHQ | DNL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 5.31% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 18.94% | 16.34% | +2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.77% | 19.03% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 18.47% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 18.59% | -0.63% |
IDHQ vs. DNL - Expense Ratio Comparison
IDHQ has a 0.29% expense ratio, which is lower than DNL's 0.58% expense ratio.
Dividends
IDHQ vs. DNL - Dividend Comparison
IDHQ's dividend yield for the trailing twelve months is around 2.04%, more than DNL's 1.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund | 1.31% | 2.06% | 2.30% | 1.81% | 4.82% | 1.38% | 1.76% | 1.93% | 2.55% | 1.86% | 2.51% | 1.98% |
IDHQ Invesco S&P International Developed High Quality ETF | 2.04% | 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
IDHQ and DNL have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DNL has higher volatility (5.31%) compared to IDHQ (5.18%). In terms of maximum drawdown, IDHQ dropped -73.84% vs DNL's -44.53%.
On 10-year performance, IDHQ leads with 10.52% vs 8.88% for DNL. On fees, IDHQ is cheaper at 0.29% per year. On volatility, IDHQ has been the lower-risk option at 5.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IDHQ has performed better with a 10.52% return vs 8.88%. 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 0.58% for DNL.
IDHQ has the higher dividend yield at 2.04%, compared with 1.31% for DNL.
IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index, while DNL tracks WisdomTree Global ex-U.S. Quality Dividend Growth Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.29% for IDHQ and 0.58% for DNL.
IDHQ currently has the higher Sharpe Ratio (1.72 vs 0.79), 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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