IDMO vs. IDHQ
IDMO (Invesco S&P International Developed Momentum ETF) and IDHQ (Invesco S&P International Developed High Quality 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 IDHQ is a Foreign Large Cap Equities fund tracking the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 10 years, IDMO returned 12.80%/yr vs 10.86%/yr for IDHQ. A 0.60 correlation means they provide meaningful diversification when combined. IDMO charges 0.25%/yr vs 0.29%/yr for IDHQ.
Performance
IDMO vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, IDMO achieves a 11.21% return, which is significantly lower than IDHQ's 25.81% return. Over the past 10 years, IDMO has outperformed IDHQ with an annualized return of 12.80%, while IDHQ has yielded a comparatively lower 10.86% annualized return.
IDMO
- 1D
- 0.87%
- 1M
- 2.67%
- YTD
- 11.21%
- 6M
- 11.38%
- 1Y
- 28.80%
- 3Y*
- 25.90%
- 5Y*
- 16.36%
- 10Y*
- 12.80%
IDHQ
- 1D
- 2.76%
- 1M
- 8.58%
- YTD
- 25.81%
- 6M
- 26.73%
- 1Y
- 40.82%
- 3Y*
- 19.65%
- 5Y*
- 10.26%
- 10Y*
- 10.86%
IDMO vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 11.21% | 42.17% | 12.79% | 20.16% | -12.03% | 14.31% | 22.01% | 26.09% | -16.66% | 29.21% |
IDHQ Invesco S&P International Developed High Quality ETF | 25.81% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
Correlation
The correlation between IDMO and IDHQ 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 24, 2012 | 0.60 |
Over the past year, IDMO and IDHQ have become more correlated (0.82) than their long-term average of 0.60, meaning their price movements have been converging.
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Return for Risk
IDMO vs. IDHQ — Risk / Return Rank
IDMO
IDHQ
IDMO vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) and Invesco S&P International Developed High Quality ETF (IDHQ). 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.
| IDMO | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.36 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.94 | -0.62 |
| Martin ratioReturn relative to average drawdown | 9.42 | 11.65 | -2.23 |
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Drawdowns
IDMO vs. IDHQ - Drawdown Comparison
The maximum IDMO drawdown since its inception was -39.38%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for IDMO and IDHQ.
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Drawdown Indicators
| IDMO | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -73.84% | +34.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -13.44% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -14.07% | +1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | -33.54% | +6.47% |
Max Drawdown (10Y)Largest decline over 10 years | -31.34% | -33.54% | +2.20% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -21.15% | +11.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 3.39% | -0.36% |
Volatility
IDMO vs. IDHQ - Volatility Comparison
The current volatility for Invesco S&P International Developed Momentum ETF (IDMO) is 7.48%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 9.61%. This indicates that IDMO experiences smaller price fluctuations and is considered to be less risky than IDHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDMO | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 9.61% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 18.49% | -2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 20.40% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.04% | 17.79% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 18.09% | +0.09% |
IDMO vs. IDHQ - Expense Ratio Comparison
IDMO has a 0.25% expense ratio, which is lower than IDHQ's 0.29% expense ratio.
Dividends
IDMO vs. IDHQ - Dividend Comparison
IDMO's dividend yield for the trailing twelve months is around 3.42%, more than IDHQ's 1.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 1.92% | 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 | 3.42% | 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 IDHQ 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.
IDHQ has higher volatility (9.61%) compared to IDMO (7.48%). In terms of maximum drawdown, IDMO dropped -39.38% vs IDHQ's -73.84%.
On 10-year performance, IDMO leads with 12.80% vs 10.86% for IDHQ. On fees, IDMO is cheaper at 0.25% per year. On volatility, IDMO has been the lower-risk option at 7.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IDMO has performed better with a 12.80% return vs 10.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDMO is cheaper with a 0.25% expense ratio, compared with 0.29% for IDHQ.
IDMO has the higher dividend yield at 3.42%, compared with 1.92% for IDHQ.
IDMO is categorized as Momentum, while IDHQ is Foreign Large Cap Equities. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Their fees differ too: 0.25% for IDMO and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (1.94 vs 1.60), 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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