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IDMO vs. HXQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDMO vs. HXQ.TO

Last updated Jun 13, 2026

IDMO (Invesco S&P International Developed Momentum ETF) and HXQ.TO (Horizons NASDAQ-100 Index ETF) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while HXQ.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, IDMO returned 12.64%/yr vs 21.23%/yr for HXQ.TO. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

IDMO vs. HXQ.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Momentum ETF (IDMO) and Horizons NASDAQ-100 Index ETF (HXQ.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IDMO is traded in USD, while HXQ.TO is traded in CAD. To make them comparable, the HXQ.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IDMO achieves a 8.17% return, which is significantly lower than HXQ.TO's 17.23% return. Over the past 10 years, IDMO has underperformed HXQ.TO with an annualized return of 12.64%, while HXQ.TO has yielded a comparatively higher 21.23% annualized return.

IDMO

1D
1.36%
1M
-1.92%
YTD
8.17%
6M
10.09%
1Y
23.12%
3Y*
25.21%
5Y*
15.50%
10Y*
12.64%

HXQ.TO

1D
0.55%
1M
0.92%
YTD
17.23%
6M
17.86%
1Y
36.33%
3Y*
26.37%
5Y*
16.50%
10Y*
21.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IDMO vs. HXQ.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IDMO
Invesco S&P International Developed Momentum ETF		8.17%42.17%12.79%20.16%-12.03%14.31%22.01%26.09%-16.66%29.21%
HXQ.TO
Horizons NASDAQ-100 Index ETF		17.17%20.55%25.37%54.85%-32.14%26.26%49.12%37.94%-1.57%32.06%

Correlation

The correlation between IDMO and HXQ.TO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.48

Correlation (10Y)
Calculated over the trailing 10-year period

0.43

Correlation (All Time)
Calculated using the full available price history since Apr 21, 2016

0.43

The correlation between IDMO and HXQ.TO has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.

IDMO vs. HXQ.TO - Sectors Allocation Comparison

Sectors
IDMO
HXQ.TO

Financial Services

42.4%
0.3%

Industrials

22.6%
3.1%

Basic Materials

10.2%
1.0%

Utilities

8.4%
1.4%

Technology

5.3%
55.9%

Consumer Defensive

2.5%
4.4%

Communication Services

2.2%
15.8%

Real Estate

2.0%
0.2%

Energy

1.9%
0.5%

Consumer Cyclical

1.4%
13.2%

Healthcare

1.2%
4.4%

Financial Services

IDMO
42.4%
HXQ.TO
0.3%

Industrials

IDMO
22.6%
HXQ.TO
3.1%

Basic Materials

IDMO
10.2%
HXQ.TO
1.0%

Utilities

IDMO
8.4%
HXQ.TO
1.4%

Technology

IDMO
5.3%
HXQ.TO
55.9%

Consumer Defensive

IDMO
2.5%
HXQ.TO
4.4%

Communication Services

IDMO
2.2%
HXQ.TO
15.8%

Real Estate

IDMO
2.0%
HXQ.TO
0.2%

Energy

IDMO
1.9%
HXQ.TO
0.5%

Consumer Cyclical

IDMO
1.4%
HXQ.TO
13.2%

Healthcare

IDMO
1.2%
HXQ.TO
4.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P International Developed Momentum ETF

Horizons NASDAQ-100 Index ETF

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Often compared with HXQ.TO:
HXQ.TO vs. QQC.TOHXQ.TO vs. XQQ.TOHXQ.TO vs. VFV.TOHXQ.TO vs. QQQHXQ.TO vs. HXS.TOHXQ.TO vs. ZNQ.TOHXQ.TO vs. QQC-F.TO

Return for Risk

IDMO vs. HXQ.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IDMO
IDMO Risk / Return Rank: 4444
Overall Rank
IDMO Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
IDMO Sortino Ratio Rank: 4343
Sortino Ratio Rank
IDMO Omega Ratio Rank: 4242
Omega Ratio Rank
IDMO Calmar Ratio Rank: 4343
Calmar Ratio Rank
IDMO Martin Ratio Rank: 5151
Martin Ratio Rank
HXQ.TO
HXQ.TO Risk / Return Rank: 7777
Overall Rank
HXQ.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
HXQ.TO Sortino Ratio Rank: 8080
Sortino Ratio Rank
HXQ.TO Omega Ratio Rank: 8282
Omega Ratio Rank
HXQ.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
HXQ.TO Martin Ratio Rank: 6464
Martin Ratio Rank
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.

IDMO vs. HXQ.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) and Horizons NASDAQ-100 Index ETF (HXQ.TO). 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.

IDMOHXQ.TODifference
Sharpe ratioReturn per unit of total volatility
1.30
2.09

-0.80

Sortino ratioReturn per unit of downside risk
1.93
2.73

-0.81

Omega ratioGain probability vs. loss probability

1.24

1.38

-0.13

Calmar ratioReturn relative to maximum drawdown

1.89

3.05

-1.16

Martin ratioReturn relative to average drawdown

7.64

11.18

-3.54

IDMO vs. HXQ.TO - Sharpe Ratio Comparison

The current IDMO Sharpe Ratio is 1.30, which is lower than the HXQ.TO Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of IDMO and HXQ.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IDMO vs. HXQ.TO - Drawdown Comparison

The maximum IDMO drawdown since its inception was -39.38%, which is greater than HXQ.TO's maximum drawdown of -35.78%. Use the drawdown chart below to compare losses from any high point for IDMO and HXQ.TO.

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Drawdown Indicators

IDMOHXQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-39.38%

-35.78%

-3.60%

Max Drawdown (1Y)

Largest decline over 1 year

-12.31%

-11.98%

-0.33%

Max Drawdown (3Y)

Largest decline over 3 years

-12.65%

-22.85%

+10.20%

Max Drawdown (5Y)

Largest decline over 5 years

-27.07%

-35.78%

+8.71%

Max Drawdown (10Y)

Largest decline over 10 years

-31.34%

-35.78%

+4.44%

Current Drawdown

Current decline from peak

-1.92%

-3.52%

+1.60%

Average Drawdown

Average peak-to-trough decline

-9.74%

-6.35%

-3.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.04%

3.26%

-0.22%

Volatility

IDMO vs. HXQ.TO - Volatility Comparison

Invesco S&P International Developed Momentum ETF (IDMO) has a higher volatility of 7.92% compared to Horizons NASDAQ-100 Index ETF (HXQ.TO) at 7.30%. This indicates that IDMO's price experiences larger fluctuations and is considered to be riskier than HXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IDMOHXQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.92%

7.30%

+0.62%

Volatility (6M)

Calculated over the trailing 6-month period

16.02%

13.67%

+2.35%

Volatility (1Y)

Calculated over the trailing 1-year period

17.92%

17.43%

+0.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.03%

21.64%

-3.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.18%

21.58%

-3.40%

IDMO vs. HXQ.TO - Expense Ratio Comparison

Both IDMO and HXQ.TO have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IDMO vs. HXQ.TO - Dividend Comparison

IDMO's dividend yield for the trailing twelve months is around 3.52%, while HXQ.TO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
HXQ.TO
Horizons NASDAQ-100 Index ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IDMO
Invesco S&P International Developed Momentum ETF		3.52%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

IDMO and HXQ.TO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IDMO and HXQ.TO have the same expense ratio: 0.25% per year.

IDMO is categorized as Momentum, while HXQ.TO is Nasdaq-100. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while HXQ.TO tracks NASDAQ-100 Index. They also come from different issuers: Invesco and Horizons.

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