IDHQ vs. QDEF
IDHQ (Invesco S&P International Developed High Quality ETF) and QDEF (FlexShares Quality Dividend Defensive Index Fund) are both Quality Factor funds - IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index while QDEF tracks the Northern Trust Quality Dividend Defensive Index. Both are passively managed. Over the past 10 years, IDHQ returned 10.64%/yr vs 12.14%/yr for QDEF. Their 0.64 correlation means they have sometimes moved together and sometimes differently. IDHQ charges 0.29%/yr vs 0.37%/yr for QDEF.
Performance
IDHQ vs. QDEF - Performance Comparison
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Returns By Period
In the year-to-date period, IDHQ achieves a 26.27% return, which is significantly higher than QDEF's 10.48% return. Over the past 10 years, IDHQ has underperformed QDEF with an annualized return of 10.64%, while QDEF has yielded a comparatively higher 12.14% annualized return.
IDHQ
- 1D
- -1.04%
- 1M
- -0.18%
- 6M
- 17.73%
- YTD
- 26.27%
- 1Y
- 41.32%
- 3Y*
- 19.52%
- 5Y*
- 9.70%
- 10Y*
- 10.64%
- ALL TIME*
- 5.32%
QDEF
- 1D
- -0.05%
- 1M
- 1.68%
- 6M
- 8.64%
- YTD
- 10.48%
- 1Y
- 20.97%
- 3Y*
- 17.66%
- 5Y*
- 12.34%
- 10Y*
- 12.14%
- ALL TIME*
- 12.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.89M | $6.19M | $5.51M | |
| $546.87K | $522.47K | $732.31K |
IDHQ vs. QDEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 26.27% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
QDEF FlexShares Quality Dividend Defensive Index Fund | 10.48% | 17.43% | 21.19% | 17.48% | -10.94% | 26.04% | 3.15% | 24.90% | -4.10% | 17.04% |
Correlation
The correlation between IDHQ and QDEF is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2012 | 0.64 |
The correlation between IDHQ and QDEF has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
IDHQ vs. QDEF — Risk / Return Rank
IDHQ
QDEF
IDHQ vs. QDEF - 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 FlexShares Quality Dividend Defensive Index Fund (QDEF). 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 | QDEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.38 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.93 | +0.10 |
| Martin ratioReturn relative to average drawdown | 12.14 | 12.20 | -0.06 |
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Drawdowns
IDHQ vs. QDEF - Drawdown Comparison
The maximum IDHQ drawdown since its inception was -73.84%, which is greater than QDEF's maximum drawdown of -35.74%. Use the drawdown chart below to compare losses from any high point for IDHQ and QDEF.
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Drawdown Indicators
| IDHQ | QDEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.84% | -35.74% | -38.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.44% | -6.95% | -6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -14.07% | -14.43% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -33.54% | -21.37% | -12.17% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | -35.74% | +2.20% |
Current DrawdownCurrent decline from peak | -1.04% | -0.58% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -21.03% | -3.27% | -17.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 1.67% | +1.68% |
Volatility
IDHQ vs. QDEF - Volatility Comparison
Invesco S&P International Developed High Quality ETF (IDHQ) has a higher volatility of 4.17% compared to FlexShares Quality Dividend Defensive Index Fund (QDEF) at 2.29%. This indicates that IDHQ's price experiences larger fluctuations and is considered to be riskier than QDEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDHQ | QDEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 2.29% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 7.47% | +11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.74% | 9.85% | +10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 13.77% | +4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 16.14% | +1.83% |
IDHQ vs. QDEF - Expense Ratio Comparison
IDHQ has a 0.29% expense ratio, which is lower than QDEF's 0.37% expense ratio.
Dividends
IDHQ vs. QDEF - Dividend Comparison
IDHQ's dividend yield for the trailing twelve months is around 2.01%, more than QDEF's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 2.01% | 2.46% | 2.41% | 2.52% | 3.33% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% |
QDEF FlexShares Quality Dividend Defensive Index Fund | 1.58% | 1.74% | 1.85% | 2.21% | 2.42% | 1.84% | 2.50% | 3.17% | 7.10% | 2.70% | 2.90% | 3.00% |
Frequently Asked Questions
IDHQ and QDEF have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDHQ has higher volatility (4.17%) compared to QDEF (2.29%). In terms of maximum drawdown, IDHQ dropped -73.84% vs QDEF's -35.74%.
On 10-year performance, QDEF leads with 12.14% vs 10.64% for IDHQ. On fees, IDHQ is cheaper at 0.29% per year. On volatility, QDEF has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QDEF has performed better with a 12.14% return vs 10.64%. 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 0.37% for QDEF.
IDHQ has the higher dividend yield at 2.01%, compared with 1.58% for QDEF.
IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index, while QDEF tracks Northern Trust Quality Dividend Defensive Index. They also come from different issuers: Invesco and FlexShares. Their fees differ too: 0.29% for IDHQ and 0.37% for QDEF.
QDEF currently has the higher Sharpe Ratio (2.07 vs 1.97), 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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