IDMO vs. IHDG
Compare and contrast key facts about Invesco S&P International Developed Momentum ETF (IDMO) and WisdomTree International Hedged Dividend Growth Fund (IHDG).
IDMO and IHDG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDMO is a passively managed fund by Invesco that tracks the performance of the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. It was launched on Feb 24, 2012. IHDG is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree International Hedged Dividend Growth Index. It was launched on May 7, 2014. Both IDMO and IHDG 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: IDMO or IHDG.
Performance
IDMO vs. IHDG - Performance Comparison
Returns By Period
In the year-to-date period, IDMO achieves a 14.30% return, which is significantly higher than IHDG's 4.78% return. Both investments have delivered pretty close results over the past 10 years, with IDMO having a 9.47% annualized return and IHDG not far behind at 9.05%.
IDMO
14.30%
-1.97%
1.41%
22.43%
12.38%
9.47%
IHDG
4.78%
-4.45%
-5.46%
11.00%
8.89%
9.05%
Key characteristics
| IDMO | IHDG | |
|---|---|---|
| Sharpe Ratio | 1.46 | 0.93 |
| Sortino Ratio | 1.96 | 1.33 |
| Omega Ratio | 1.26 | 1.17 |
| Calmar Ratio | 2.02 | 1.16 |
| Martin Ratio | 8.45 | 4.03 |
| Ulcer Index | 2.73% | 2.68% |
| Daily Std Dev | 15.80% | 11.62% |
| Max Drawdown | -39.37% | -29.24% |
| Current Drawdown | -3.31% | -7.05% |
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IDMO vs. IHDG - Expense Ratio Comparison
IDMO has a 0.25% expense ratio, which is lower than IHDG's 0.58% expense ratio.
Correlation
The correlation between IDMO and IHDG is 0.54, 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.
Risk-Adjusted Performance
IDMO vs. IHDG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) and WisdomTree International Hedged Dividend Growth Fund (IHDG). 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
IDMO vs. IHDG - Dividend Comparison
IDMO's dividend yield for the trailing twelve months is around 2.28%, more than IHDG's 1.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 2.28% | 2.89% | 3.66% | 1.81% | 1.64% | 2.10% | 3.27% | 3.08% | 2.18% | 2.52% | 2.18% | 1.70% |
IHDG WisdomTree International Hedged Dividend Growth Fund | 1.76% | 1.70% | 13.79% | 2.77% | 1.95% | 1.99% | 0.22% | 1.28% | 1.91% | 3.04% | 3.86% | 0.00% |
Drawdowns
IDMO vs. IHDG - Drawdown Comparison
The maximum IDMO drawdown since its inception was -39.37%, which is greater than IHDG's maximum drawdown of -29.24%. Use the drawdown chart below to compare losses from any high point for IDMO and IHDG. For additional features, visit the drawdowns tool.
Volatility
IDMO vs. IHDG - Volatility Comparison
Invesco S&P International Developed Momentum ETF (IDMO) has a higher volatility of 4.10% compared to WisdomTree International Hedged Dividend Growth Fund (IHDG) at 3.13%. This indicates that IDMO's price experiences larger fluctuations and is considered to be riskier than IHDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.