IDHQ vs. JIRE
IDHQ (Invesco S&P International Developed High Quality ETF) and JIRE (JPMorgan International Research Enhanced Equity ETF) are both Foreign Large Cap Equities funds. IDHQ is passively managed, while JIRE is actively managed. Over the past 3 years, IDHQ returned 18.48%/yr vs 16.07%/yr for JIRE. Their correlation of 0.92 suggests significant overlap in exposure. IDHQ charges 0.29%/yr vs 0.24%/yr for JIRE.
Performance
IDHQ vs. JIRE - Performance Comparison
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Returns By Period
In the year-to-date period, IDHQ achieves a 18.47% return, which is significantly higher than JIRE's 7.72% return.
IDHQ
- 1D
- -0.67%
- 1M
- 7.43%
- YTD
- 18.47%
- 6M
- 20.13%
- 1Y
- 30.97%
- 3Y*
- 18.48%
- 5Y*
- 8.61%
- 10Y*
- 9.90%
JIRE
- 1D
- -0.82%
- 1M
- 3.07%
- YTD
- 7.72%
- 6M
- 10.12%
- 1Y
- 19.81%
- 3Y*
- 16.07%
- 5Y*
- —
- 10Y*
- —
IDHQ vs. JIRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 18.47% | 27.46% | 1.33% | 18.80% | 5.49% |
JIRE JPMorgan International Research Enhanced Equity ETF | 7.72% | 31.83% | 3.15% | 20.00% | 5.73% |
Correlation
The correlation between IDHQ and JIRE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2022 | 0.92 |
The correlation between IDHQ and JIRE has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
IDHQ vs. JIRE — Risk / Return Rank
IDHQ
JIRE
IDHQ vs. JIRE - 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 JPMorgan International Research Enhanced Equity ETF (JIRE). 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 | JIRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.69 | +0.62 |
| Martin ratioReturn relative to average drawdown | 9.23 | 6.14 | +3.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IDHQ | JIRE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.28 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 1.04 | -0.84 |
Drawdowns
IDHQ vs. JIRE - Drawdown Comparison
The maximum IDHQ drawdown since its inception was -73.84%, which is greater than JIRE's maximum drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for IDHQ and JIRE.
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Drawdown Indicators
| IDHQ | JIRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.84% | -16.11% | -57.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.44% | -11.77% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -14.07% | -13.61% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -33.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | — | — |
Current DrawdownCurrent decline from peak | -0.96% | -2.53% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -21.20% | -3.03% | -18.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 3.23% | +0.14% |
Volatility
IDHQ vs. JIRE - Volatility Comparison
Invesco S&P International Developed High Quality ETF (IDHQ) has a higher volatility of 7.57% compared to JPMorgan International Research Enhanced Equity ETF (JIRE) at 5.08%. This indicates that IDHQ's price experiences larger fluctuations and is considered to be riskier than JIRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDHQ | JIRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 5.08% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 16.39% | 12.80% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.55% | 15.56% | +2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.39% | 16.28% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.93% | 16.28% | +1.65% |
IDHQ vs. JIRE - Expense Ratio Comparison
IDHQ has a 0.29% expense ratio, which is higher than JIRE's 0.24% expense ratio.
Dividends
IDHQ vs. JIRE - Dividend Comparison
IDHQ's dividend yield for the trailing twelve months is around 2.04%, less than JIRE's 2.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JIRE JPMorgan International Research Enhanced Equity ETF | 2.78% | 2.99% | 3.03% | 2.74% | 2.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, IDHQ and JIRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IDHQ has higher volatility (7.57%) compared to JIRE (5.08%). In terms of maximum drawdown, IDHQ dropped -73.84% vs JIRE's -16.11%.
On 3-year performance, IDHQ leads with 18.48% vs 16.07% for JIRE. On fees, JIRE is cheaper at 0.24% per year. On volatility, JIRE has been the lower-risk option at 5.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IDHQ has performed better with a 18.48% return vs 16.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JIRE is cheaper with a 0.24% expense ratio, compared with 0.29% for IDHQ.
JIRE has the higher dividend yield at 2.78%, compared with 2.04% for IDHQ.
They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.29% for IDHQ and 0.24% for JIRE.
IDHQ currently has the higher Sharpe Ratio (1.68 vs 1.28), 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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