IDHQ vs. IDMO

Last updated Jun 3, 2026

IDHQ (Invesco S&P International Developed High Quality ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - IDHQ is a Foreign Large Cap Equities fund tracking the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap 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, IDHQ returned 9.97%/yr vs 12.22%/yr for IDMO. A 0.59 correlation means they provide meaningful diversification when combined. IDHQ charges 0.29%/yr vs 0.25%/yr for IDMO.

Performance

IDHQ vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed High Quality ETF (IDHQ) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDHQ achieves a 19.28% return, which is significantly higher than IDMO's 9.00% return. Over the past 10 years, IDHQ has underperformed IDMO with an annualized return of 9.97%, while IDMO has yielded a comparatively higher 12.22% annualized return.

IDHQ

• 1D: 0.17%
• 1M: 7.32%
• YTD: 19.28%
• 6M: 22.10%
• 1Y: 30.57%
• 3Y*: 18.75%
• 5Y*: 9.02%
• 10Y*: 9.97%

IDMO

• 1D: 0.95%
• 1M: 1.79%
• YTD: 9.00%
• 6M: 13.58%
• 1Y: 23.87%
• 3Y*: 26.19%
• 5Y*: 16.10%
• 10Y*: 12.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDHQ vs. IDMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDHQ Invesco S&P International Developed High Quality ETF	19.28%	27.46%	1.33%	18.80%	-20.23%	11.38%	16.09%	29.58%	-13.38%	28.16%
IDMO Invesco S&P International Developed Momentum ETF	9.00%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%

Correlation

The correlation between IDHQ and IDMO is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Feb 27, 2012	0.59

Over the past year, IDHQ and IDMO have become more correlated (0.82) than their long-term average of 0.59, meaning their price movements have been converging.

Return for Risk

IDHQ vs. IDMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDHQ

IDHQ Risk / Return Rank: 49
IDHQ Sharpe Ratio Rank: 47
IDHQ Sortino Ratio Rank: 49
IDHQ Omega Ratio Rank: 47
IDHQ Calmar Ratio Rank: 47
IDHQ Martin Ratio Rank: 54

IDMO

IDMO Risk / Return Rank: 43
IDMO Sharpe Ratio Rank: 40
IDMO Sortino Ratio Rank: 41
IDMO Omega Ratio Rank: 40
IDMO Calmar Ratio Rank: 42
IDMO Martin Ratio Rank: 51

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.

IDHQ vs. IDMO - 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 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.

	IDHQ	IDMO	Difference
Sharpe ratio Return per unit of total volatility	1.66	1.42	+0.23
Sortino ratio Return per unit of downside risk	2.44	2.10	+0.34
Omega ratio Gain probability vs. loss probability	1.30	1.26	+0.04
Calmar ratio Return relative to maximum drawdown	2.38	2.08	+0.30
Martin ratio Return relative to average drawdown	9.52	8.68	+0.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDHQ vs. IDMO - Sharpe Ratio Comparison

The current IDHQ Sharpe Ratio is 1.66, which is comparable to the IDMO Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of IDHQ 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.

Sharpe Ratios by Period

	IDHQ	IDMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	1.42	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.91	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.68	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.46	-0.25

Drawdowns

IDHQ vs. IDMO - Drawdown Comparison

The maximum IDHQ drawdown since its inception was -73.84%, which is greater than IDMO's maximum drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for IDHQ and IDMO.

Drawdown Indicators

	IDHQ	IDMO	Difference
Max Drawdown Largest peak-to-trough decline	-73.84%	-39.38%	-34.46%
Max Drawdown (1Y) Largest decline over 1 year	-13.44%	-12.31%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	-14.07%	-12.65%	-1.42%
Max Drawdown (5Y) Largest decline over 5 years	-33.54%	-27.07%	-6.47%
Max Drawdown (10Y) Largest decline over 10 years	-33.54%	-31.34%	-2.20%
Current Drawdown Current decline from peak	-0.29%	-1.16%	+0.87%
Average Drawdown Average peak-to-trough decline	-21.20%	-9.76%	-11.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	2.95%	+0.42%

Volatility

IDHQ vs. IDMO - Volatility Comparison

Invesco S&P International Developed High Quality ETF (IDHQ) has a higher volatility of 7.59% compared to Invesco S&P International Developed Momentum ETF (IDMO) at 6.52%. This indicates that IDHQ's price experiences larger fluctuations and is considered to be riskier than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDHQ	IDMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.59%	6.52%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	16.38%	14.89%	+1.49%
Volatility (1Y) Calculated over the trailing 1-year period	18.56%	16.89%	+1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	17.84%	-0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.93%	18.11%	-0.18%

IDHQ vs. IDMO - Expense Ratio Comparison

IDHQ has a 0.29% expense ratio, which is higher than IDMO's 0.25% expense ratio.

Dividends

IDHQ vs. IDMO - Dividend Comparison

IDHQ's dividend yield for the trailing twelve months is around 2.02%, less than IDMO's 3.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDHQ Invesco S&P International Developed High Quality ETF	2.02%	2.46%	2.41%	2.52%	3.33%	2.10%	1.60%	2.10%	2.67%	1.68%	2.36%	1.71%
IDMO Invesco S&P International Developed Momentum ETF	3.49%	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

Can I hold both IDHQ and IDMO in my portfolio?

IDHQ and IDMO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDHQ or IDMO?

IDHQ has higher volatility (7.59%) compared to IDMO (6.52%). In terms of maximum drawdown, IDHQ dropped -73.84% vs IDMO's -39.38%.

Which ETF is better, IDHQ or IDMO?

On 10-year performance, IDMO leads with 12.22% vs 9.97% for IDHQ. On fees, IDMO is cheaper at 0.25% per year. On volatility, IDMO has been the lower-risk option at 6.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDHQ or IDMO?

Over the 10-year period, IDMO has performed better with a 12.22% return vs 9.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDHQ or IDMO?

IDMO is cheaper with a 0.25% expense ratio, compared with 0.29% for IDHQ.

Which ETF pays a higher dividend yield, IDHQ or IDMO?

IDMO has the higher dividend yield at 3.49%, compared with 2.02% for IDHQ.

What is the main difference between IDHQ and IDMO?

IDHQ is categorized as Foreign Large Cap Equities, while IDMO is Momentum. IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Their fees differ too: 0.29% for IDHQ and 0.25% for IDMO.

Which has better risk-adjusted returns?

IDHQ currently has the higher Sharpe Ratio (1.66 vs 1.42), 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.