IDHQ vs. IMCG
Compare and contrast key facts about Invesco S&P International Developed High Quality ETF (IDHQ) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
IDHQ and IMCG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDHQ is a passively managed fund by Invesco that tracks the performance of the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. It was launched on Jun 13, 2007. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004. Both IDHQ and IMCG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IDHQ or IMCG.
Key characteristics
| IDHQ | IMCG | |
|---|---|---|
| YTD Return | 3.86% | 22.20% |
| 1Y Return | 13.33% | 39.37% |
| 3Y Return (Ann) | -0.47% | 2.04% |
| 5Y Return (Ann) | 5.84% | 14.11% |
| 10Y Return (Ann) | 6.80% | 12.37% |
| Sharpe Ratio | 0.99 | 2.72 |
| Sortino Ratio | 1.47 | 3.73 |
| Omega Ratio | 1.18 | 1.47 |
| Calmar Ratio | 0.94 | 1.60 |
| Martin Ratio | 5.16 | 14.44 |
| Ulcer Index | 2.64% | 2.72% |
| Daily Std Dev | 13.80% | 14.45% |
| Max Drawdown | -73.84% | -58.96% |
| Current Drawdown | -9.21% | -0.56% |
Correlation
The correlation between IDHQ and IMCG is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IDHQ vs. IMCG - Performance Comparison
In the year-to-date period, IDHQ achieves a 3.86% return, which is significantly lower than IMCG's 22.20% return. Over the past 10 years, IDHQ has underperformed IMCG with an annualized return of 6.80%, while IMCG has yielded a comparatively higher 12.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IDHQ vs. IMCG - Expense Ratio Comparison
IDHQ has a 0.29% expense ratio, which is higher than IMCG's 0.06% expense ratio.
Risk-Adjusted Performance
IDHQ vs. IMCG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed High Quality ETF (IDHQ) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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.
Dividends
IDHQ vs. IMCG - Dividend Comparison
IDHQ's dividend yield for the trailing twelve months is around 2.15%, more than IMCG's 0.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 2.15% | 2.52% | 3.32% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% | 1.75% | 1.70% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.77% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
Drawdowns
IDHQ vs. IMCG - Drawdown Comparison
The maximum IDHQ drawdown since its inception was -73.84%, which is greater than IMCG's maximum drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for IDHQ and IMCG. For additional features, visit the drawdowns tool.
Volatility
IDHQ vs. IMCG - Volatility Comparison
Invesco S&P International Developed High Quality ETF (IDHQ) has a higher volatility of 5.06% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 4.44%. This indicates that IDHQ's price experiences larger fluctuations and is considered to be riskier than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.