IDHQ vs. FNDF
IDHQ (Invesco S&P International Developed High Quality ETF) and FNDF (Schwab Fundamental International Equity ETF) are both Foreign Large Cap Equities funds - IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index while FNDF tracks the RAFI Fundamental High Liquidity Developed ex US Large Index (Net). Both are passively managed. Over the past 10 years, IDHQ returned 11.04%/yr vs 12.17%/yr for FNDF. A 0.79 correlation means they provide meaningful diversification when combined. IDHQ charges 0.29%/yr vs 0.25%/yr for FNDF.
Performance
IDHQ vs. FNDF - Performance Comparison
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Returns By Period
In the year-to-date period, IDHQ achieves a 23.16% return, which is significantly higher than FNDF's 16.43% return. Over the past 10 years, IDHQ has underperformed FNDF with an annualized return of 11.04%, while FNDF has yielded a comparatively higher 12.17% annualized return.
IDHQ
- 1D
- -3.06%
- 1M
- 6.76%
- YTD
- 23.16%
- 6M
- 22.77%
- 1Y
- 36.24%
- 3Y*
- 20.04%
- 5Y*
- 9.28%
- 10Y*
- 11.04%
FNDF
- 1D
- -2.61%
- 1M
- -1.37%
- YTD
- 16.43%
- 6M
- 16.74%
- 1Y
- 39.04%
- 3Y*
- 22.45%
- 5Y*
- 12.99%
- 10Y*
- 12.17%
IDHQ vs. FNDF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 23.16% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
FNDF Schwab Fundamental International Equity ETF | 16.43% | 40.99% | 2.29% | 20.22% | -7.78% | 14.97% | 3.61% | 18.46% | -14.21% | 23.98% |
Correlation
The correlation between IDHQ and FNDF is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2013 | 0.79 |
The correlation between IDHQ and FNDF has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
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Return for Risk
IDHQ vs. FNDF — Risk / Return Rank
IDHQ
FNDF
IDHQ vs. FNDF - 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 Schwab Fundamental International Equity ETF (FNDF). 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 | FNDF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.44 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 3.70 | -0.99 |
| Martin ratioReturn relative to average drawdown | 10.71 | 13.74 | -3.02 |
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Drawdowns
IDHQ vs. FNDF - Drawdown Comparison
The maximum IDHQ drawdown since its inception was -73.84%, which is greater than FNDF's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for IDHQ and FNDF.
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Drawdown Indicators
| IDHQ | FNDF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.84% | -40.14% | -33.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.44% | -10.60% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -14.07% | -13.89% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -33.54% | -25.56% | -7.98% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | -40.14% | +6.60% |
Current DrawdownCurrent decline from peak | -3.06% | -4.59% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -21.14% | -7.62% | -13.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 2.85% | +0.54% |
Volatility
IDHQ vs. FNDF - Volatility Comparison
Invesco S&P International Developed High Quality ETF (IDHQ) has a higher volatility of 10.09% compared to Schwab Fundamental International Equity ETF (FNDF) at 6.77%. This indicates that IDHQ's price experiences larger fluctuations and is considered to be riskier than FNDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDHQ | FNDF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.09% | 6.77% | +3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 18.76% | 13.93% | +4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.63% | 16.16% | +4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 16.36% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 17.47% | +0.52% |
IDHQ vs. FNDF - Expense Ratio Comparison
IDHQ has a 0.29% expense ratio, which is higher than FNDF's 0.25% expense ratio.
Dividends
IDHQ vs. FNDF - Dividend Comparison
IDHQ's dividend yield for the trailing twelve months is around 2.06%, less than FNDF's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDF Schwab Fundamental International Equity ETF | 2.95% | 3.44% | 4.01% | 3.41% | 3.10% | 3.54% | 2.17% | 3.20% | 3.47% | 2.32% | 2.42% | 2.08% |
IDHQ Invesco S&P International Developed High Quality ETF | 2.06% | 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 FNDF have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDHQ has higher volatility (10.09%) compared to FNDF (6.77%). In terms of maximum drawdown, IDHQ dropped -73.84% vs FNDF's -40.14%.
On 10-year performance, FNDF leads with 12.17% vs 11.04% for IDHQ. On fees, FNDF is cheaper at 0.25% per year. On volatility, FNDF has been the lower-risk option at 6.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FNDF has performed better with a 12.17% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FNDF is cheaper with a 0.25% expense ratio, compared with 0.29% for IDHQ.
FNDF has the higher dividend yield at 2.95%, compared with 2.06% for IDHQ.
IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index, while FNDF tracks RAFI Fundamental High Liquidity Developed ex US Large Index (Net). They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.29% for IDHQ and 0.25% for FNDF.
FNDF currently has the higher Sharpe Ratio (2.43 vs 1.77), 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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