IEI vs. IQDY

Last updated Apr 2, 2026

Compare and contrast key facts about iShares 3-7 Year Treasury Bond ETF (IEI) and FlexShares International Quality Dividend Dynamic Index Fund (IQDY).

IEI and IQDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index. It was launched on Jan 11, 2007. IQDY is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust International Quality Dividend Dynamic Index. It was launched on Apr 12, 2013. Both IEI and IQDY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IEI vs. IQDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 3-7 Year Treasury Bond ETF (IEI) and FlexShares International Quality Dividend Dynamic Index Fund (IQDY). The values are adjusted to include any dividend payments, if applicable.

IEI vs. IQDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEI iShares 3-7 Year Treasury Bond ETF	-0.13%	6.96%	1.81%	4.42%	-9.51%	-2.54%	6.95%	5.71%	1.36%	1.22%
IQDY FlexShares International Quality Dividend Dynamic Index Fund	4.83%	37.44%	5.97%	23.45%	-15.78%	12.00%	9.54%	27.27%	-20.04%	24.06%

Returns By Period

In the year-to-date period, IEI achieves a -0.13% return, which is significantly lower than IQDY's 4.83% return. Over the past 10 years, IEI has underperformed IQDY with an annualized return of 1.35%, while IQDY has yielded a comparatively higher 10.63% annualized return.

IEI

• 1D: -0.08%
• 1M: -1.15%
• YTD: -0.13%
• 6M: 0.68%
• 1Y: 3.73%
• 3Y*: 3.40%
• 5Y*: 0.45%
• 10Y*: 1.35%

IQDY

• 1D: 1.00%
• 1M: -4.19%
• YTD: 4.83%
• 6M: 13.30%
• 1Y: 35.97%
• 3Y*: 20.02%
• 5Y*: 10.24%
• 10Y*: 10.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IEI vs. IQDY - Expense Ratio Comparison

IEI has a 0.15% expense ratio, which is lower than IQDY's 0.47% expense ratio.

IQDY

FlexShares International Quality Dividend Dynamic Index Fund

IEI

iShares 3-7 Year Treasury Bond ETF

Return for Risk

IEI vs. IQDY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IEI

IEI Risk / Return Rank: 59
IEI Sharpe Ratio Rank: 59
IEI Sortino Ratio Rank: 62
IEI Omega Ratio Rank: 49
IEI Calmar Ratio Rank: 67
IEI Martin Ratio Rank: 55

IQDY

IQDY Risk / Return Rank: 89
IQDY Sharpe Ratio Rank: 88
IQDY Sortino Ratio Rank: 90
IQDY Omega Ratio Rank: 90
IQDY Calmar Ratio Rank: 87
IQDY Martin Ratio Rank: 90

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.

IEI vs. IQDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 3-7 Year Treasury Bond ETF (IEI) and FlexShares International Quality Dividend Dynamic Index Fund (IQDY). 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.

	IEI	IQDY	Difference
Sharpe ratio Return per unit of total volatility	1.09	1.95	-0.86
Sortino ratio Return per unit of downside risk	1.64	2.64	-1.01
Omega ratio Gain probability vs. loss probability	1.20	1.40	-0.20
Calmar ratio Return relative to maximum drawdown	1.78	2.91	-1.13
Martin ratio Return relative to average drawdown	5.68	12.60	-6.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEI vs. IQDY - Sharpe Ratio Comparison

The current IEI Sharpe Ratio is 1.09, which is lower than the IQDY Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of IEI and IQDY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IEI	IQDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	1.95	-0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.58	-0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.58	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.45	+0.25

Correlation

The correlation between IEI and IQDY is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

IEI vs. IQDY - Dividend Comparison

IEI's dividend yield for the trailing twelve months is around 3.58%, more than IQDY's 3.11% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IEI iShares 3-7 Year Treasury Bond ETF	3.58%	3.48%	3.18%	2.36%	1.37%	0.73%	1.12%	2.01%	1.95%	1.51%	1.33%	1.39%
IQDY FlexShares International Quality Dividend Dynamic Index Fund	3.11%	3.26%	6.95%	6.45%	5.52%	3.89%	2.62%	3.85%	5.97%	3.57%	3.77%	4.08%

Drawdowns

IEI vs. IQDY - Drawdown Comparison

The maximum IEI drawdown since its inception was -14.60%, smaller than the maximum IQDY drawdown of -39.60%. Use the drawdown chart below to compare losses from any high point for IEI and IQDY.

Drawdown Indicators

	IEI	IQDY	Difference
Max Drawdown Largest peak-to-trough decline	-14.60%	-39.60%	+25.00%
Max Drawdown (1Y) Largest decline over 1 year	-2.20%	-12.52%	+10.32%
Max Drawdown (5Y) Largest decline over 5 years	-13.88%	-33.03%	+19.15%
Max Drawdown (10Y) Largest decline over 10 years	-14.60%	-39.60%	+25.00%
Current Drawdown Current decline from peak	-1.57%	-6.04%	+4.47%
Average Drawdown Average peak-to-trough decline	-2.68%	-9.21%	+6.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	2.90%	-2.21%

Volatility

IEI vs. IQDY - Volatility Comparison

The current volatility for iShares 3-7 Year Treasury Bond ETF (IEI) is 1.25%, while FlexShares International Quality Dividend Dynamic Index Fund (IQDY) has a volatility of 7.74%. This indicates that IEI experiences smaller price fluctuations and is considered to be less risky than IQDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IEI	IQDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	7.74%	-6.49%
Volatility (6M) Calculated over the trailing 6-month period	2.06%	11.96%	-9.90%
Volatility (1Y) Calculated over the trailing 1-year period	3.44%	18.52%	-15.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.75%	17.61%	-12.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.93%	18.34%	-14.41%